Date: 11-Mar-25, Tue, 5:20 IST Currency: JPY Importance: 3 Forecast: 0.70% Previous: 0.30% Notes: Gross Domestic Product (GDP) measures the annualized 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 JPY, while a weaker than forecast reading is generally negative (bearish) for the JPY. Learn More: USDJPY EURJPY

Date: 11-Mar-25, Tue, 19:30 IST Currency: USD Importance: 3 Previous: 7.600M Notes: The Job Openings and Labor Turnover Survey (JOLTS) report measures job vacancies, hires, and separations in the U.S. labor market. It provides insights into labor demand and turnover rates. 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: 12-Mar-25, Tue, 10:31 IST Currency: EUR Importance: 3 Previous: Notes: On February 10, 2025, President Donald J. Trump issued a proclamation reinstating a 25% tariff on steel and certain steel derivatives. Additionally, tariffs on aluminum were raised from 10% to 25%, eliminating all previously established country-specific exemptions and alternative agreements. These tariffs are set to take effect on March 12, 2025.

Key Details:

Scope: The tariffs apply to steel and aluminum imports from Argentina, Australia, Brazil, Canada, the European Union, Japan, Mexico, South Korea, Ukraine, and the United Kingdom. All prior exemptions, quotas, and alternative agreements with these nations have been revoked. Rationale: The administration aims to boost domestic production, citing national security concerns and reducing reliance on foreign metal imports. Trade Relations: This move represents a major shift in U.S. trade policy, with the potential to strain diplomatic and economic relations with key allies and trading partners.

Market Impact:

Historically, the imposition of tariffs tends to strengthen (bullish) the USD, while their removal or exemption weakens (bearish) the USD. Learn More: EURUSD USDMXN USDCAD

Date: 12-Mar-25, Wed, 18:00 IST Currency: USD Importance: 3 Forecast: 0.30% Previous: 0.40% Notes: The Core Consumer Price Index (CPI) measures the change in the prices of goods and services, excluding food and energy. It is a key indicator of inflation. 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: 12-Mar-25, Wed, 18:00 IST Currency: USD Importance: 3 Forecast: 0.30% Previous: 0.50% Notes: The Consumer Price Index (CPI) measures the change in the prices of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 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: 12-Mar-25, Wed, 18:00 IST Currency: USD Importance: 3 Previous: 3.00% Notes: The Consumer Price Index (CPI) measures the change in the prices of goods and services from the perspective of the consumer over a year. It is a key way to measure changes in purchasing trends and inflation. 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: 12-Mar-25, Wed, 19:00 IST Currency: Global Importance: 3 Previous: 3.641M 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: 12-Mar-25, Wed, 19:15 IST Currency: CAD Importance: 3 Forecast: 2.75% Previous: 3.00% Notes: The Bank of Canada (BoC) announces its decision on the target for the overnight rate. This decision influences interest rates across the economy, affecting borrowing costs and economic activity. 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: CADUSD CADEUR

Date: 12-Mar-25, Wed, 22:30 IST Currency: USD Importance: 3 Previous: 4.632% Notes: The U.S. Treasury auctions 10-year notes, which are a key benchmark for interest rates. The results of the auction can influence bond yields and the USD. A higher yield is generally supportive (bullish) for the USD, while a lower yield is generally negative (bearish) for the USD. Learn More: USDJPY EURUSD

Date: 13-Mar-25, Thu, 18:00 IST Currency: USD Importance: 3 Previous: 221K 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: 13-Mar-25, Thu, 18:00 IST Currency: USD Importance: 3 Forecast: 0.30% Previous: 0.40% Notes: The Producer Price Index (PPI) measures the change in the price of goods and services sold by manufacturers and producers in the wholesale market. It is a leading indicator of consumer price inflation. 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: 13-Mar-25, Thu, 22:30 IST Currency: USD Importance: 3 Previous: 4.748% Notes: The U.S. Treasury auctions 30-year bonds, which are a key benchmark for long-term interest rates. The results of the auction can influence bond yields and the USD. A higher yield is generally supportive (bullish) for the USD, while a lower yield is generally negative (bearish) for the USD. Learn More: USDJPY EURUSD

Date: 14-Mar-25, Fri, All Day IST Currency: INR Importance: Holiday Notes: India observes Holi, a major national holiday. Markets remain closed, leading to reduced liquidity in INR trading. Learn More: Legacy Reference

Date: 14-Mar-25, Fri, 12:30 IST Currency: GBP Importance: 3 Previous: 0.40% Notes: Gross Domestic Product (GDP) measures the 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 GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP. Learn More: GBPUSD GBPEUR

Date: 14-Mar-25, Fri, 12:30 IST Currency: EUR Importance: 3 Forecast: 0.40% Previous: 0.40% Notes: The Consumer Price Index (CPI) measures the change in the prices of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 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 EURGBP

Date: 20-Mar-25, Fri, 23:30 IST Currency: USD Importance: 3 Forecast: 4.35% Previous: 4.62% Notes: The Federal Reserve (Fed) announces its decision on the target for the federal funds rate. This decision influences interest rates across the economy, affecting borrowing costs and economic activity. 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: CME FedWatch Tool