Date: 27-Jan-25, Mon, All Day IST Currency: AUD Importance: 3 Notes: Australia Day is a national holiday in Australia, celebrating the country's history and culture. Markets and businesses are typically closed, leading to reduced trading activity.

Learn More: Australia Day Reference

Date: 27-Jan-25, Mon, 7:00 IST Currency: CNY Importance: 3 Forecast: 50.1 Previous: 50.1 Notes: China Manufacturing Purchasing Managers Index (PMI) provides an early indication each month of economic activities in the Chinese manufacturing sector. It is compiled by China Federation of Logistics & Purchasing (CFLP) and China Logistics Information Centre (CLIC), based on data collected by the National Bureau of Statistics (NBS). Li & Fung Research Centre is responsible for drafting and disseminating the English PMI report. Every month questionnaires are sent to over 700 manufacturing enterprises all over China. The data presented here is compiled from the enterprises responses about their purchasing activities and supply situations. The PMI should be compared to other economic data sources when used in decision-making.

A reading that is stronger than forecast is generally supportive (bullish) for the CNY, while a weaker than forecast reading is generally negative (bearish) for the CNY.

Learn More: USDCNY USDCNH

Date: 27-Jan-25, Mon, 20:30 IST Currency: USD Importance: 3 Forecast: 670K Previous: 664K Notes: New Home Sales measures the annualised number of new single-family homes that were sold during the prior month. When it's released ahead of Existing Home Sales, this report tends to have more impact because the two reports are highly correlated.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Learn More: USDJPY EURUSD

Date: 28-Jan-25, Tue, All Day IST Currency: CNY Importance: 3 Notes: Chinese New Year is a major holiday in China, marking the beginning of the lunar new year. Financial markets and businesses are closed, resulting in lower trading volumes across Asia.

Learn More: Chinese New Year Reference

Date: 28-Jan-25, Tue, All Day IST Currency: KRW Importance: 3 Notes: Korean New Year, or Seollal, is a significant holiday in South Korea, celebrated with family gatherings and traditional rituals. Markets are closed, leading to reduced trading activity.

Learn More: Korean New Year Reference

Date: 28-Jan-25, Tue, 19:00 IST Currency: USD Importance: 3 Forecast: 0.80% Previous: -1.20% Notes: Durable Goods Orders reports the change in the total value of new orders for long lasting manufactured goods, including transportation items.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Learn More: USDJPY EURUSD

Date: 28-Jan-25, Tue, 20:30 IST Currency: USD Importance: 3 Forecast: 106.0 Previous: 104.7 Notes: Conference Board (CB) Consumer Confidence measures the level of confidence consumers have in the economy. When consumers are optimistic, they tend to spend more which increases consumption and overall economic growth.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Learn More: USDJPY EURUSD

Date: 29-Jan-25, Wed, All Day IST Currency: CNY Importance: 3 Notes: Chinese New Year is a major holiday in China, marking the beginning of the lunar new year. Financial markets and businesses are closed, resulting in lower trading volumes across Asia.

Learn More: Chinese New Year Reference

Date: 29-Jan-25, Wed, All Day IST Currency: KRW Importance: 3 Notes: Korean New Year, or Seollal, is a significant holiday in South Korea, celebrated with family gatherings and traditional rituals. Markets are closed, leading to reduced trading activity.

Learn More: Korean New Year Reference

Date: 29-Jan-25, Wed, All Day IST Currency: SGD Importance: 3 Notes: Singapore observes Chinese New Year as a public holiday, with businesses and financial markets closed. Trading activity is typically subdued during this period.

Learn More: Singapore Chinese New Year Reference

Date: 29-Jan-25, Wed, All Day IST Currency: HKD Importance: 3 Notes: Hong Kong celebrates Chinese New Year with public holidays, resulting in closures of financial markets and businesses. Trading volumes are generally lower during this time.

Learn More: Hong Kong Chinese New Year Reference

Date: 29-Jan-25, Wed, 20:15 IST Currency: CAD Importance: 3 Forecast: 3.00% Previous: 3.25% Notes: The Bank of Canada (BOC) publishes its decision on where to set the benchmark interest rate. As short term interest rates are an important determinant of currency valuation, traders watch interest rate changes closely.

A reading that is stronger than forecast is generally supportive (bullish) for the CAD, while a weaker than forecast reading is generally negative (bearish) for the CAD.

Learn More: USDCAD CADJPY

Date: 29-Jan-25, Wed, 21:00 IST Currency: Global Importance: 3 Previous: -1.017M Notes: The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.

Learn More: USOILRoll

Date: 30-Jan-25, Thu, All Day IST Currency: CNY Importance: 3 Notes: Chinese New Year is a major holiday in China, marking the beginning of the lunar new year. Financial markets and businesses are closed, resulting in lower trading volumes across Asia.

Learn More: Chinese New Year Reference

Date: 30-Jan-25, Thu, All Day IST Currency: KRW Importance: 3 Notes: Korean New Year, or Seollal, is a significant holiday in South Korea, celebrated with family gatherings and traditional rituals. Markets are closed, leading to reduced trading activity.

Learn More: Korean New Year Reference

Date: 30-Jan-25, Thu, All Day IST Currency: SGD Importance: 3 Notes: Singapore observes Chinese New Year as a public holiday, with businesses and financial markets closed. Trading activity is typically subdued during this period.

Learn More: Singapore Chinese New Year Reference

Date: 30-Jan-25, Thu, All Day IST Currency: HKD Importance: 3 Notes: Hong Kong celebrates Chinese New Year with public holidays, resulting in closures of financial markets and businesses. Trading volumes are generally lower during this time.

Learn More: Hong Kong Chinese New Year Reference

Date: 30-Jan-25, Thu, 0:30 IST Currency: USD Importance: 3 Notes: The Federal Reserve Open Market Committee is convening to vote on US interest rates. According to Bloomberg, members are expected to maintain the current rate, supported by last month's economic data. The US jobs report for December revealed a rise in employment, with jobs added to the economy increasing from 212,000 in November to 256,000 in December, while unemployment dropped from 4.2% to 4.1%. Meanwhile, the US Consumer Price Index for December indicated a slight decline in the year-over-year (YoY) core inflation, from 3.2% to 3.1%.

Investors are also anticipating Fed Chair Powell's press conference for insights into US monetary policy, particularly the potential impact of President Trump's policies, the Federal Reserve's tolerance for rising inflation, and the likelihood of interest rate hikes rather than cuts in 2025.

Learn More: USDJPY EURUSD XAGUSD

Date: 30-Jan-25, Thu, 0:30 IST Currency: USD Importance: 3 Forecast: 4.50% Previous: 4.50% Notes: The Federal Reserve Open Market Committee is convening to vote on US interest rates. According to Bloomberg, members are expected to maintain the current rate, supported by last month's economic data. The US jobs report for December revealed a rise in employment, with jobs added to the economy increasing from 212,000 in November to 256,000 in December, while unemployment dropped from 4.2% to 4.1%. Meanwhile, the US Consumer Price Index for December indicated a slight decline in the year-over-year (YoY) core inflation, from 3.2% to 3.1%.

Investors are also anticipating Fed Chair Powell's press conference for insights into US monetary policy, particularly the potential impact of President Trump's policies, the Federal Reserve's tolerance for rising inflation, and the likelihood of interest rate hikes rather than cuts in 2025.

Learn More: USDJPY EURUSD XAGUSD

Date: 30-Jan-25, Thu, 1:00 IST Currency: USD Importance: 3 Notes: The Federal Reserve Open Market Committee is convening to vote on US interest rates. According to Bloomberg, members are expected to maintain the current rate, supported by last month's economic data. The US jobs report for December revealed a rise in employment, with jobs added to the economy increasing from 212,000 in November to 256,000 in December, while unemployment dropped from 4.2% to 4.1%. Meanwhile, the US Consumer Price Index for December indicated a slight decline in the year-over-year (YoY) core inflation, from 3.2% to 3.1%.

Investors are also anticipating Fed Chair Powell's press conference for insights into US monetary policy, particularly the potential impact of President Trump's policies, the Federal Reserve's tolerance for rising inflation, and the likelihood of interest rate hikes rather than cuts in 2025.

Learn More: USDJPY EURUSD XAGUSD

Date: 30-Jan-25, Thu, 2:30 IST Currency: USD Importance: 3 Forecast: 6.76 Previous: 5.33 Notes: Typically announced following the close of U.S. markets.

Learn More: UT100 US500

Date: 30-Jan-25, Wed, 2:30 IST Currency: USD Importance: 3 Forecast: 3.13 Previous: 2.93 Notes: Typically announced following the close of U.S. markets.

Learn More: UT100 US500

Date: 30-Jan-25, Wed, 2:30 IST Currency: USD Importance: 3 Forecast: 0.64 Previous: 0.57 Notes: Typically announced following the close of U.S. markets.

Learn More: UT100 US500

Date: 30-Jan-25, Thu, 14:30 IST Currency: EUR Importance: 3 Forecast: 0.10% Notes: Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator of economic health. The quarterly percent changes in GDP show the growth rate of the economy as a whole.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR, while a weaker than forecast reading is generally negative (bearish) for the EUR.

Learn More: EURUSD EURJPY

Date: 30-Jan-25, Thu, 18:45 IST Currency: EUR Importance: 3 Forecast: 2.75% Previous: 3.00% Notes: Bloomberg suggests the ECB may reduce interest rates by 25 basis points at this meeting. Markets have already priced in a potential reduction of up to 100 basis points this year, in light of some ECB Board members' hints about the possibility of reaching neutral rates as long as inflation levels stabilize close to the ECB's 2% target.

Traders will pay close attention to ECB President Christine Lagarde's press conference for clues on how European monetary policy might be impacted by the looming threat of a trade war between the European Union and the United States. Proposed tariffs on European goods by President Trump - and potentially retaliatory measures on American products - could drive European inflation levels higher.

Learn More: EURUSD EURJPY CAC40

Date: 30-Jan-25, Thu, 18:45 IST Currency: EUR Importance: 3 Forecast: 2.90% Previous: 3.15% Notes: Bloomberg suggests the ECB may reduce interest rates by 25 basis points at this meeting. Markets have already priced in a potential reduction of up to 100 basis points this year, in light of some ECB Board members' hints about the possibility of reaching neutral rates as long as inflation levels stabilize close to the ECB's 2% target.

Traders will pay close attention to ECB President Christine Lagarde's press conference for clues on how European monetary policy might be impacted by the looming threat of a trade war between the European Union and the United States. Proposed tariffs on European goods by President Trump - and potentially retaliatory measures on American products - could drive European inflation levels higher.

Learn More: EURUSD EURJPY CAC40

Date: 30-Jan-25, Thu, 19:00 IST Currency: USD Importance: 3 Forecast: 3.10% Notes: Gross Domestic Product (GDP) measures the annualised change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Learn More: EURUSD USDJPY

Date: 30-Jan-25, Thu, 19:00 IST Currency: USD Importance: 3 Forecast: 223K Notes: Initial Jobless Claims measures the number of people who filed for unemployment insurance for the first time during the past week. This is the most timely U.S. economic data, but the market impact varies from week to week.

A reading that is higher than forecast is generally negative (bearish) for the USD, while a lower than forecast reading is generally supportive (bullish) for the USD.

Learn More: EURUSD USDJPY

Date: 30-Jan-25, Thu, 19:15 IST Currency: EUR Importance: 3 Notes: Bloomberg suggests the ECB may reduce interest rates by 25 basis points at this meeting. Markets have already priced in a potential reduction of up to 100 basis points this year, in light of some ECB Board members' hints about the possibility of reaching neutral rates as long as inflation levels stabilize close to the ECB's 2% target.

Traders will pay close attention to ECB President Christine Lagarde's press conference for clues on how European monetary policy might be impacted by the looming threat of a trade war between the European Union and the United States. Proposed tariffs on European goods by President Trump - and potentially retaliatory measures on American products - could drive European inflation levels higher.

Learn More: EURUSD EURJPY CAC40

Date: 31-Jan-25, Fri, All Day IST Currency: CNY Importance: 3 Notes: Chinese New Year is a major holiday in China, marking the beginning of the lunar new year. Financial markets and businesses are closed, resulting in lower trading volumes across Asia.

Learn More: Chinese New Year Reference

Date: 31-Jan-25, Fri, All Day IST Currency: HKD Importance: 3 Notes: Hong Kong celebrates Chinese New Year with public holidays, resulting in closures of financial markets and businesses. Trading volumes are generally lower during this time.

Learn More: Hong Kong Chinese New Year Reference

Date: 31-Jan-25, Fri, 2:30 IST Currency: USD Importance: 3 Forecast: 2.36 Previous: 2.18 Notes: Bloomberg forecasts suggest Apple may post YoY growth of 3.9%, with earnings per share (EPS) expected to rise from 2.18 in Q1 of last year to 2.35 in the same period this year.

However, Apple faces challenges, particularly a decline in sales growth for products like the iPhone, especially in China, where sales are estimated to have dropped by 18% in Q4 of last year. This decline is partially offset by growth in the European and Asian markets.

A key focus for investors is Apple's initiative to integrate artificial intelligence into its devices, enhancing user experience. This strategy could drive increased demand for Apple's products.

Any unexpected positive news, such as stronger-than-anticipated economic outlook, could boost Apple's stock and have a positive impact on the US500 index, where Apple's stock is a major component.

Learn More: US500 UT100

Date: 31-Jan-25, Fri, 18:30 IST Currency: EUR Importance: 3 Forecast: 0.50% Notes: The Consumer Price Index (CPI) measures the change in the prices of goods and services from the perspective of the consumer. As Germany has the largest output of any country in the euro-zone, the European Central bank pays very close attention to this figure in its role of maintaining price stability.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR, while a weaker than forecast reading is generally negative (bearish) for the EUR.

Learn More: EURUSD EURJPY

Date: 31-Jan-25, Fri, 19:00 IST Currency: USD Importance: 3 Forecast: 0.10% Notes: The Core Personal Consumption Expenditure (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Unlike the fixed-weight CPI, PCE is chain-weighted and thus adjusts to changing consumer behaviour. Core PCE is the Fed's preferred inflation measure and thus receives greater attention.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Learn More: EURUSD USDJPY

Date: 31-Jan-25, Fri, 19:00 IST Currency: USD Importance: 3 Forecast: 2.80% Notes: The Core PCE price Index is the less volatile measure of the PCE price index which excludes the more volatile and seasonal food and energy prices. The impact on the currency may go both ways, a rise in inflation may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in inflation may lead to a deepened recession and therefore a fall in local currency.

Learn More: EURUSD USDJPY

Date: 31-Jan-25, Fri, 20:15 IST Currency: USD Importance: 3 Forecast: 36.9 Notes: The Chicago Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by manufacturing firms around the Chicago area. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. The Chicago PMI can be of some assistance in forecasting the ISM manufacturing PMI.

A reading that is stronger than forecast is generally supportive ((bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Learn More: EURUSD USDJPY

Date: 20-Mar-25, Thu, 0:30 IST Currency: USD Importance: 3 Forecast: 4.31% Previous: 4.38% Notes: According to the CME FedWatch Tool, the expected Federal Funds Rate (FFR) is projected to be 4.31% as of 20th March 2025.

Learn More: CME FedWatch