Date: 05-May-25, Mon, All Day Currency: JPY Importance: 3 Notes: Japanese financial markets will be closed in observance of Children's Day, a national holiday celebrating the happiness and well-being of children. Expect no local data releases and potentially reduced liquidity in JPY currency pairs. Learn More: Legacy Reference

Date: 05-May-25, Mon, All Day Currency: KRW Importance: 3 Notes: South Korean financial markets will be closed for Children's Day, a public holiday dedicated to children. Expect reduced trading activity and liquidity in KRW currency pairs. Learn More: Legacy Reference

Date: 05-May-25, Mon, All Day Currency: CNY Importance: 3 Notes: Chinese financial markets will be closed for Labor Day, celebrating workers' contributions. Expect no local data releases and reduced liquidity in CNY currency pairs. Learn More: Legacy Reference

Date: 05-May-25, Mon, All Day Currency: GBP Importance: 3 Notes: UK financial markets will be closed for the Early May Bank Holiday. Expect no local data releases and potentially reduced liquidity in GBP currency pairs. Learn More: Legacy Reference

Date: 05-May-25, Mon, All Day Currency: HKD Importance: 3 Notes: Hong Kong financial markets will be closed in observance of the Birthday of the Buddha, a public holiday. Expect reduced trading activity and liquidity in HKD currency pairs. Learn More: Legacy Reference

Date: 05-May-25, Mon, 19:15 IST Currency: USD Importance: 3 Previous: 51.40 Forecast: 54.40 Notes: The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. 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: 05-May-25, Mon, 19:30 IST Currency: USD Importance: 3 Previous: 50.80 Notes: The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries. A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates contraction. 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: 05-May-25, Mon, 19:30 IST Currency: USD Importance: 3 Previous: 60.90 Notes: The Prices Paid subcategory of the ISM Non-Manufacturing PMI is a diffusion index calculated by adding the percent of responses indicating they paid more for inputs plus one-half of those responding that they paid the same for inputs. The resulting single index number is then seasonally adjusted. This index is one of several indicators pointing to the degree of inflationary pressures in the economy. 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: 06-May-25, Tue, All Day Currency: JPY Importance: 3 Notes: Japanese financial markets will be closed for Greenery Day, a national holiday celebrating nature and the environment. Expect no local data releases and reduced liquidity in JPY currency pairs. Learn More: Legacy Reference

Date: 06-May-25, Tue, All Day Currency: KRW Importance: 3 Notes: South Korean financial markets will be closed for Vesak Day, celebrating the birth, enlightenment, and passing of the Buddha. Expect reduced trading activity and liquidity in KRW currency pairs. Learn More: Legacy Reference

Date: 06-May-25, Tue, 22:30 IST Currency: USD Importance: 3 Previous: 4.435% Notes: The yield on the 10-Year Treasury Note auction represents the return an investor will receive by holding the note for its entire duration. Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security. Learn More: USDJPY EURUSD

Date: 07-May-25, Wed, 20:00 IST Currency: USD Importance: 3 Previous: -2.696M 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: 07-May-25, Wed, 23:30 IST Currency: USD Importance: 3 Notes: The U.S. Federal Reserve's Federal Open Market Committee (FOMC) statement communicates monetary policy decisions, economic outlook, and clues on future votes. A more dovish than expected statement could be taken as negative/bearish for the USD, while a more hawkish than expected statement could be positive/bullish for the USD. Learn More: USDJPY EURUSD

Date: 07-May-25, Wed, 23:30 IST Currency: USD Importance: 3 Forecast: 4.36% Previous: 4.50% Notes: Federal Open Market Committee (FOMC) members vote on where to set the target interest rate. Traders watch interest rate changes closely as relative short-term interest rates are a primary factor in currency valuation. 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: 08-May-25, Thu, 00:00 IST Currency: USD Importance: 3 Notes: The FOMC Press Conference provides further insights into the Federal Reserve's monetary policy decisions, economic projections, and future rate expectations. Market reactions depend on the tone and guidance provided by the Fed Chair. Learn More: USDJPY EURUSD

Date: 08-May-25, Thu, 16:30 IST Currency: GBP Importance: 3 Previous: 4.50% Notes: Bank of England (BOE) monetary policy committee members vote on where to set the Bank Rate. Traders watch interest rate changes closely because short-term interest rates are the primary factor in currency valuation. 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: GBPJPY GBPUSD

Date: 08-May-25, Thu, 18:00 IST Currency: USD Importance: 3 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: 08-May-25, Thu, 22:30 IST Currency: USD Importance: 3 Previous: 4.435% Notes: The yield on the 30-Year Treasury Bond auction represents the return an investor will receive by holding the bond for its entire duration. Yield fluctuations should be monitored closely as an indicator of the government debt situation. Investors compare the average rate at auction to the rate at previous auctions of the same security. Learn More: USDJPY EURUSD

Date: 18-Jun-25, Wed, 23:30 IST Currency: USD Importance: 3 Forecast: 4.36% Notes: The Federal Open Market Committee (FOMC) announces its decision on the target range for the federal funds rate. Market expectations (e.g., via CME FedWatch Tool) and the accompanying statement/press conference are crucial for determining market impact and future policy direction. Learn More: CME FedWatch Tool