FX Economic Calendar

November 16 – November 21, 2025 Economic report and policy meetings

 

November 16

China:  Foreign Direct Investment (FDI) YTD (YoY) – October

Japan:  GDP Growth Rate (QoQ) – 3^rd Qtr., GDP Growth Annualized – 3^rd Qtr.

 

November 17

Australia:  Reserve Bank of Australia (RBA) Meeting Minutes        

Canada:  Inflation Rate (YoY) – October, Consumer Price Index (CPI) Median (YoY) – October, CPI Trimmed-Mean (YoY) – October, Inflation Rate (MoM) – October, Core Inflation Rate (MoM) - October   

Euro-Zone:  European Central Bank (ECB) Guindos Speech, European Commission Autumn Forecasts    

Switzerland:  GDP Growth Rate (QoQ) – 3^rd Qtr., Industrial Production (YoY) – 3^rd Qtr.

U.S.:  New York (NY)/Empire State Manufacturing Index – November, Federal Reserve’s Williams, Jefferson, Kashkari, Waller, and Logan Speeches.

 

November 18

Canada:  Housing Starts - October    

Japan:  Balance of Trade – October, Machinery Orders (YoY and MoM) – September, Exports (YoY) – October

U.K.:  Inflation Rate (YoY) – October, Inflation Rate (MoM) – October, Core Inflation Rate (YoY) – October  

U.S.: Automatic Data Processing (ADP) Employment Change Weekly, Export Prices (MoM) – September, Import Prices (MoM) – September, Export Prices (MoM) – October, Import Prices (MoM) – October, Industrial Production (MoM) – September, Industrial Production (MoM) – October, National Association of Home Builders (NAHB) Housing Market Index – November, Net Long-term Treasury International Capital (TIC) Flows – August, Net Long-term  TIC Flows – September, API Crude Oil Stock Change – November 14, Federal Reserve’s Barr Speech  

 

November 19

Australia:  Reserve Bank of Australia (RBA) Connolly Speech    

Canada:  Bank of Canada (BoC) Vincent Speech

China:  Loan Prime Rate 1-Year, Loan Prime Rate 5-Year – November     

Euro-Zone:  Consumer Price Index (CPI) – October, Spain: Consumer Confidence – October, Netherlands: Unemployment Rate – October and Consumer Confidence – November, Germany: Producer Price Index (PPI) (YoY) – October

Japan:  Bank of Japan (BoJ) Koeda Speech

Switzerland:  Balance of Trade - October    

U.S.:  Building Permits – September, Housing Starts – September, Building Permits – October, Housing Starts – October, Federal Open Market Committee (FOMC) Minutes, Balance of Trade – August, Mortgage Bankers Association (MBA) 30-Year Mortgage Rate – November 14, Housing Starts (MoM) – September, Housing Starts (MoM) – October, Building Permits (MoM) – September, Build Permits (MoM) – October, EIA Gasoline Stocks Change – November 14, EIA Crude Oil Stocks Change – November 14, Federal Reserve’s William’s Speech

The Federal Open Market Committee releases the minutes from its late-October monetary-policy meeting. At that time, the FOMC cut the federal-funds rate by a quarter of a percentage point to 3.75%-4%. There were two dissenting votes, with Fed governor Stephen Miran voting for a half-point cut, and Kansas City Federal Reserve Bank President Jeff Schmid voting for not cut at all. A divided Fed has left Wall Street with more uncertainty than normal about the Fed’s future interest-rate path. Traders see the chance of a rate cut at the Dec. 9-10 meeting as basically a coin flip. This is down from two-thirds chance a week ago, as several committee members argued against a December interest-rate cut this past week.

 

November 20

Canada:  Producer Price Index (YoY and MoM) – October

Euro-Zone:  European Central Bank (ECB) General Council Meeting, Spain: Balance of Trade – September, Consumer Confidence – November, France: Business Confidence – November  

Japan:  Inflation Rate (YoY) – October, Core Inflation Rate (YoY) – October  

New Zealand:  Balance of Trade – October

Mexico:  Banxico Monetary Policy Meeting Minutes

U.K.:  Retail Sales (YoY and MoM) – October, Retail Sales Excluding Fuel (YoY and MoM) – October, Consortium of British Industries (CBI) Industrial Trends Orders – November, GfK Consumer Confidence - November

U.S.:  Initial Jobless Claims – September 27, Continuing Jobless Claims – September 20, Jobless Claims 4-Week Average – September 27, Continuing Jobless Claims – October 4, Initial Jobless Claims – October 4, Jobless Claims 4-week Average – October 4, Continuing Jobless Claims – October 11, Initial Jobless Claims October 11, Jobless Claims 4-Week Moving Average – October 11, Initial Jobless Claims – October 18, Jobless Claims 4-Week Average – October 18, Continuing Jobless Claims – October 18, Initial Jobless Claims – October 25, Jobless Claims 4-Week Average – October 25, Continuing Jobless Claims – October 25, Initial Jobless Claims – November 1, Jobless Claims 4-Week Average – November 1, Initial Jobless Claims – November 8, Jobless Claims 4-Week Average – November 8, Continuing Jobless Claims – November 8, Initial Jobless Claims – November 15, Jobless Claims 4-Week Average – November 15, Existing Home Sales – October, Existing Home Sales (MoM) – October, Philadelphia Federal Reserve Manufacturing Index – November, Federal Reserve’s Hammack, Cook and Goolsbee Speeches

 

November 21

Canada:  Retail Sales (YoY and MoM) – September, Retail Sales Excluding Autos (MoM) – September, Retail Sales (MoM) – October, New Housing Price Index (MoM) – October, Senior Loan Officer Survey    

Euro-Zone:  European Central Bank (ECB) Guindos Speech, Negotiated Wage Growth – 3^rd Qtr., ECB President Lagarde Speech

Mexico:  GDP Growth Rate (YoY and QoQ) – 3^rd Qtr.

Switzerland:  Swiss National Bank (SNB)’s Schlegel Speech       

U.S.:  University of Michigan Consumer Sentiment – November, Federal Reserve’s Williams, Barr, Jefferson, and Logan Speeches

 

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.