Date: 24-Feb-25, Mon, All Day IST Currency: JPY Importance: Holiday Notes: Japan observes Emperor's Birthday, a national holiday. Markets remain closed, leading to lower liquidity in JPY pairs. Learn More: Legacy Reference

Date: 24-Feb-25, Mon, 15:30 IST Currency: EUR Importance: 3 Previous: 2.50% Notes: Bloomberg's expectations suggest YoY inflation will increase from 2.4% in December to 2.5% in January, while the YoY core inflation to remain steady at 2.7%. Notably, sources from the European Central Bank have hinted at lowering the neutral interest rate ceiling - from 2.5% to a range of 1.75% - 2.25%. This highlights uncertainty over its precise level. A lower-than-expected inflation reading could support further ECB rate cuts, aimed at boosting European GDP growth. This could benefit stock indices such ESTOX. DE40. Learn More: EURJPY EURUSD ESTOX DE40

Date: 25-Feb-25, Tue, 12:30 IST Currency: EUR Importance: 3 Previous: -0.20% 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: EURJPY EURUSD DE40Roll

Date: 25-Feb-25, Tue, 20:30 IST Currency: USD Importance: 3 Previous: 104.10 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: 26-Feb-25, Wed, All Day IST Currency: INR Importance: Holiday Notes: A major Hindu festival dedicated to Lord Shiva, Mahashivratri is observed across India. Financial markets remain closed, leading to reduced liquidity in INR trading. Learn More: Legacy Reference

Date: 26-Feb-25, Wed, 20:30 IST Currency: Global Importance: 3 Previous: 4.633M 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: 26-Feb-25, Wed, 20:30 IST Currency: USD Importance: 3 Previous: 698K 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: 27-Feb-25, Wed, 02:30 IST Currency: USD Importance: 3 Forecast: 0.79 Previous: 0.49 Notes: Scheduled to be released after the market close. Learn More: UT100Roll NVIDIA

Date: 27-Feb-25, Thur, 13:30 IST Currency: CHF Importance: 2 Previous: 0.40% Forecast: 0.20% Notes: Swiss GDP saw its strongest growth in over two years, rising from 1.5% in Q2 2024 to 2%, in Q3. The upcoming report will assess the contributions of consumer spending, business investments, and government expenditures to economic growth. Bloomberg forecasts a 1.1% decline in Q4 GDP nonetheless, any upside surprise could boost investor sentiment and risk appetite, and have a positive impact on Swiss stock indices, including the Swiss Markets Index. It's worth highlighting that the Swiss index is approaching its December 2021 peak. A successful breakout could mark a new record high. Learn More: CHFJPY Swiss20Roll

Date: 27-Feb-25, Thur, 19:00 IST Currency: USD Importance: 3 Previous: -2.20% Forecast: 2.0% 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: 27-Feb-25, Thur, 19:00 IST Currency: USD Importance: 3 Previous: 3.1% Forecast: 2.3% 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: USDJPY EURUSD

Date: 27-Feb-25, Thur, 19:00 IST Currency: USD Importance: 3 Previous: 219K Forecast: 222K 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: USDJPY EURUSD

Date: 28-Feb-25, Fri, 18:30 IST Currency: EUR Importance: 3 Previous: -0.20% Forecast: 0.4% 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: EURJPY EURUSD

Date: 28-Feb-25, Fri, 19:00 IST Currency: USD Importance: 3 Previous: 0.20% Forecast: 0.3% Notes: Bloomberg forecasts the YoY headline to ease from 2.6% in December to 2.5% in January, while the YoY core PCE is expected to decline from 2.8% to 2.7%. A hotter-than-expected reading would suggest persistent inflation, delaying potential Fed rate cuts and strenghtening the US dollar - potentially pressuring silver prices. Conversely, a softer print could support precious metals. Learn More: USDJPY EURUSD XAGUSD

Date: 28-Feb-25, Fri, 19:00 IST Currency: USD Importance: 3 Previous: 2.80% 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: USDJPY EURUSD

Date: 28-Feb-25, Fri, 20:15 IST Currency: USD Importance: 3 Previous: 39.50 Forecast: 40.3 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: USDJPY EURUSD

Date: 01-Mar-25, Sat, All Day IST Currency: KRW Importance: Holiday Notes: South Korea observes the Independence Movement Day, commemorating the 1919 protest against Japanese rule. Markets remain closed, impacting KRW liquidity. Learn More: Legacy Reference

Date: 01-Mar-25, Sat, 7:00 IST Currency: CNY Importance: 3 Previous: 49.10 Forecast: 50.0 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). 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: USDCNH USDCNY

Date: 19-Mar-25, Sat, 0:30 IST Currency: USD Importance: 3 Previous: 4.38% Forecast: 4.37% Notes: As per the CME FedWatch tool, the Federal Funds Rate (FFR) is projected to be 4.37% on the scheduled decision date. Learn More: CME FedWatch Tool