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    Economic Calendar

    Summary 9/22 – 9/26

    Monday, Sep 22, 2025

    GMT Ccy Events Consensus Previous
    01:00 CNY 1-Y Loan Prime Rate 3.00% 3.00%
    01:00 CNY 5-Y Loan Prime Rate 3.50% 3.50%
    12:30 CAD Raw Material Price Index Aug 0.90% 0.30%
    12:30 CAD Industrial Product Price M/M Aug 1.20% 0.70%
    14:00 EUR Eurozone Consumer Confidence Sep P -15 -16
    23:00 AUD Manufacturing PMI Sep P 53
    23:00 AUD Services PMI Sep P 55.8
    GMT Ccy Events
    01:00 CNY 1-Y Loan Prime Rate
        Forecast: 3.00% Previous: 3.00%
    01:00 CNY 5-Y Loan Prime Rate
        Forecast: 3.50% Previous: 3.50%
    12:30 CAD Raw Material Price Index Aug
        Forecast: 0.90% Previous: 0.30%
    12:30 CAD Industrial Product Price M/M Aug
        Forecast: 1.20% Previous: 0.70%
    14:00 EUR Eurozone Consumer Confidence Sep P
        Forecast: -15 Previous: -16
    23:00 AUD Manufacturing PMI Sep P
        Forecast: Previous: 53
    23:00 AUD Services PMI Sep P
        Forecast: Previous: 55.8

    Tuesday, Sep 23, 2025

    GMT Ccy Events Consensus Previous
    07:15 EUR France Manufacturing PMI Sep P 50.5 50.4
    07:15 EUR France Services PMI Sep P 49.7 49.8
    07:30 EUR Germany Manufacturing PMI Sep P 50.1 49.8
    07:30 EUR Germany Services PMI Sep P 49.5 49.3
    08:00 EUR Eurozone Manufacturing PMI Sep P 50.8 50.7
    08:00 EUR Eurozone Services PMI Sep P 50.2 50.5
    08:30 GBP Manufacturing PMI Sep P 47.2 47
    08:30 GBP Services PMI Sep P 53.6 54.2
    12:30 CAD New Housing Price Index M/M Aug 0.00% -0.10%
    12:30 USD Current Account (USD) Q2 -270B -450.2B
    13:45 USD Manufacturing PMI Sep P 51.6 53
    13:45 USD Services PMI Sep P 53 54.5
    GMT Ccy Events
    07:15 EUR France Manufacturing PMI Sep P
        Forecast: 50.5 Previous: 50.4
    07:15 EUR France Services PMI Sep P
        Forecast: 49.7 Previous: 49.8
    07:30 EUR Germany Manufacturing PMI Sep P
        Forecast: 50.1 Previous: 49.8
    07:30 EUR Germany Services PMI Sep P
        Forecast: 49.5 Previous: 49.3
    08:00 EUR Eurozone Manufacturing PMI Sep P
        Forecast: 50.8 Previous: 50.7
    08:00 EUR Eurozone Services PMI Sep P
        Forecast: 50.2 Previous: 50.5
    08:30 GBP Manufacturing PMI Sep P
        Forecast: 47.2 Previous: 47
    08:30 GBP Services PMI Sep P
        Forecast: 53.6 Previous: 54.2
    12:30 CAD New Housing Price Index M/M Aug
        Forecast: 0.00% Previous: -0.10%
    12:30 USD Current Account (USD) Q2
        Forecast: -270B Previous: -450.2B
    13:45 USD Manufacturing PMI Sep P
        Forecast: 51.6 Previous: 53
    13:45 USD Services PMI Sep P
        Forecast: 53 Previous: 54.5

    Wednesday, Sep 24, 2025

    GMT Ccy Events Consensus Previous
    00:30 JPY Manufacturing PMI Sep P 50.2 49.7
    00:30 JPY Services PMI Sep P 53.1
    01:30 AUD Monthly CPI Y/Y Aug 2.80% 2.80%
    08:00 CHF UBS Economic Expectations Sep -53.8
    08:00 EUR Germany IFO Business Climate Sep 89.5 89
    08:00 EUR Germany IFO Current Assessment Sep 86.6 86.4
    08:00 EUR Germany IFO Expectations Sep 92 91.6
    14:00 USD New Homeles M/M Aug 650K 652K
    14:30 USD Crude Oil Inventories (Sep 19) -9.3M
    23:50 JPY BoJ Minutes
    23:50 JPY Corporate Service Price Index Y/Y Aug 2.90% 2.90%
    GMT Ccy Events
    00:30 JPY Manufacturing PMI Sep P
        Forecast: 50.2 Previous: 49.7
    00:30 JPY Services PMI Sep P
        Forecast: Previous: 53.1
    01:30 AUD Monthly CPI Y/Y Aug
        Forecast: 2.80% Previous: 2.80%
    08:00 CHF UBS Economic Expectations Sep
        Forecast: Previous: -53.8
    08:00 EUR Germany IFO Business Climate Sep
        Forecast: 89.5 Previous: 89
    08:00 EUR Germany IFO Current Assessment Sep
        Forecast: 86.6 Previous: 86.4
    08:00 EUR Germany IFO Expectations Sep
        Forecast: 92 Previous: 91.6
    14:00 USD New Homeles M/M Aug
        Forecast: 650K Previous: 652K
    14:30 USD Crude Oil Inventories (Sep 19)
        Forecast: Previous: -9.3M
    23:50 JPY BoJ Minutes
        Forecast: Previous:
    23:50 JPY Corporate Service Price Index Y/Y Aug
        Forecast: 2.90% Previous: 2.90%

    Thursday, Sep 25, 2025

    GMT Ccy Events Consensus Previous
    06:00 EUR Germany GfK Consumer Confidence Oct -23.3 -23.6
    07:30 CHF SNB Interest Rate Decision 0.00% 0.00%
    08:00 CHF SNB Press Conference
    08:00 EUR Eurozone M3 Money Supply Y/Y Aug 3.40% 3.40%
    12:30 USD Initial Jobless Claims (Sep 19) 240K 231K
    12:30 USD GDP Annualized Q2 F 3.30% 3.30%
    12:30 USD GDP Price Index Q2 F 2% 2%
    12:30 USD Goods Trade Balance (USD) Aug P -95.2B -103.9B
    12:30 USD Wholele Inventories Aug P 0.10% 0.10%
    12:30 USD Durable Goods Orders Aug -0.50% -2.80%
    12:30 USD Durable Goods Orders ex Transport Aug -0.10% 1.00%
    14:00 USD Existing Home Sales Aug 3.98M 4.01M
    14:30 USD Natural Gas Storage (Sep 19) 90B
    23:30 JPY Tokyo CPI Y/Y Sep 2.60%
    23:30 JPY Tokyo CPI Core Y/Y Sep 2.80% 2.50%
    23:30 JPY Tokyo CPI Core-Core Y/Y Sep 3%
    GMT Ccy Events
    06:00 EUR Germany GfK Consumer Confidence Oct
        Forecast: -23.3 Previous: -23.6
    07:30 CHF SNB Interest Rate Decision
        Forecast: 0.00% Previous: 0.00%
    08:00 CHF SNB Press Conference
        Forecast: Previous:
    08:00 EUR Eurozone M3 Money Supply Y/Y Aug
        Forecast: 3.40% Previous: 3.40%
    12:30 USD Initial Jobless Claims (Sep 19)
        Forecast: 240K Previous: 231K
    12:30 USD GDP Annualized Q2 F
        Forecast: 3.30% Previous: 3.30%
    12:30 USD GDP Price Index Q2 F
        Forecast: 2% Previous: 2%
    12:30 USD Goods Trade Balance (USD) Aug P
        Forecast: -95.2B Previous: -103.9B
    12:30 USD Wholele Inventories Aug P
        Forecast: 0.10% Previous: 0.10%
    12:30 USD Durable Goods Orders Aug
        Forecast: -0.50% Previous: -2.80%
    12:30 USD Durable Goods Orders ex Transport Aug
        Forecast: -0.10% Previous: 1.00%
    14:00 USD Existing Home Sales Aug
        Forecast: 3.98M Previous: 4.01M
    14:30 USD Natural Gas Storage (Sep 19)
        Forecast: Previous: 90B
    23:30 JPY Tokyo CPI Y/Y Sep
        Forecast: Previous: 2.60%
    23:30 JPY Tokyo CPI Core Y/Y Sep
        Forecast: 2.80% Previous: 2.50%
    23:30 JPY Tokyo CPI Core-Core Y/Y Sep
        Forecast: Previous: 3%

    Friday, Sep 26, 2025

    GMT Ccy Events Consensus Previous
    12:30 CAD GDP M/M Jul 0.10% -0.10%
    12:30 USD Personal Income M/M Aug 0.30% 0.40%
    12:30 USD Personal Spending Aug 0.50% 0.50%
    12:30 USD PCE Price Index M/M Aug 0.30% 0.20%
    12:30 USD PCE Price Index Y/Y Aug 2.70% 2.70%
    12:30 USD Core PCE Price Index M/M Aug 0.20% 0.30%
    12:30 USD Core PCE Price Index Y/Y Aug 2.90% 2.90%
    14:00 USD UoM Consumer Sentiment Sep F 55.4 55.4
    14:00 USD UoM 1-Yr Inflation Expectations Sep F 4.80% 4.80%
    GMT Ccy Events
    12:30 CAD GDP M/M Jul
        Forecast: 0.10% Previous: -0.10%
    12:30 USD Personal Income M/M Aug
        Forecast: 0.30% Previous: 0.40%
    12:30 USD Personal Spending Aug
        Forecast: 0.50% Previous: 0.50%
    12:30 USD PCE Price Index M/M Aug
        Forecast: 0.30% Previous: 0.20%
    12:30 USD PCE Price Index Y/Y Aug
        Forecast: 2.70% Previous: 2.70%
    12:30 USD Core PCE Price Index M/M Aug
        Forecast: 0.20% Previous: 0.30%
    12:30 USD Core PCE Price Index Y/Y Aug
        Forecast: 2.90% Previous: 2.90%
    14:00 USD UoM Consumer Sentiment Sep F
        Forecast: 55.4 Previous: 55.4
    14:00 USD UoM 1-Yr Inflation Expectations Sep F
        Forecast: 4.80% Previous: 4.80%

    Eco Data 9/19/25

    GMT Ccy Events Actual Consensus Previous Revised
    22:45 NZD Trade Balance (NZD) Aug -1185M -746M -578M -716M
    23:01 GBP GfK Consumer Confidence Sep -19 -18 -17
    23:30 JPY National CPI Y/Y Aug 2.70% 3.10%
    23:30 JPY National CPI Core Y/Y Aug 2.70% 2.70% 3.10%
    23:30 JPY National CPI Core-Core Y/Y Aug 3.30% 3.40%
    03:47 JPY BoJ Interest Rate Decision 0.50% 0.50% 0.50%
    06:00 GBP Retail Sales M/M Aug 0.50% 0.40% 0.60%
    06:00 EUR Germany PPI M/M Aug -0.50% -0.10% -0.10%
    06:00 EUR Germany PPI Y/Y Aug -2.20% -1.80% -1.50%
    12:30 CAD Retail Sales M/M Jul -0.80% -0.60% 1.50% 1.60%
    12:30 CAD Retail Sales ex Autos M/M Jul -1.20% -0.40% 1.90% 2.20%
    GMT Ccy Events
    22:45 NZD Trade Balance (NZD) Aug
        Actual: -1185M Forecast: -746M
        Previous: -578M Revised: -716M
    23:01 GBP GfK Consumer Confidence Sep
        Actual: -19 Forecast: -18
        Previous: -17 Revised:
    23:30 JPY National CPI Y/Y Aug
        Actual: 2.70% Forecast:
        Previous: 3.10% Revised:
    23:30 JPY National CPI Core Y/Y Aug
        Actual: 2.70% Forecast: 2.70%
        Previous: 3.10% Revised:
    23:30 JPY National CPI Core-Core Y/Y Aug
        Actual: 3.30% Forecast:
        Previous: 3.40% Revised:
    03:47 JPY BoJ Interest Rate Decision
        Actual: 0.50% Forecast: 0.50%
        Previous: 0.50% Revised:
    06:00 GBP Retail Sales M/M Aug
        Actual: 0.50% Forecast: 0.40%
        Previous: 0.60% Revised:
    06:00 EUR Germany PPI M/M Aug
        Actual: -0.50% Forecast: -0.10%
        Previous: -0.10% Revised:
    06:00 EUR Germany PPI Y/Y Aug
        Actual: -2.20% Forecast: -1.80%
        Previous: -1.50% Revised:
    12:30 CAD Retail Sales M/M Jul
        Actual: -0.80% Forecast: -0.60%
        Previous: 1.50% Revised: 1.60%
    12:30 CAD Retail Sales ex Autos M/M Jul
        Actual: -1.20% Forecast: -0.40%
        Previous: 1.90% Revised: 2.20%

    Eco Data 9/18/25

    GMT Ccy Events Actual Consensus Previous Revised
    22:45 NZD GDP Q/Q Q2 -0.90% -0.30% 0.80%
    23:50 JPY Machinery Orders M/M Jul -4.60% -1.40% 3.00%
    01:30 AUD Employment Change Aug -5.4K 21.2K 24.5K 26.5K
    01:30 AUD Unemployment Rate Aug 4.20% 4.20% 4.20%
    06:00 CHF Trade Balance (CHF) Aug 4.01B 5.22B 4.59B 4.62B
    08:00 EUR Eurozone Current Account (EUR)v Jul 27.7B 34.6B 35.8B
    11:00 GBP BoE Interest Rate Decision 4.00% 4.00% 4.00%
    11:00 GBP MPC Official Bank Rate Votes 0--2--7 0--1--8 0--5--4
    12:30 USD Initial Jobless Claims (Sep 12) 231K 240K 263K 264K
    12:30 USD Philadelphia Fed Manufacturing Survey Sep 23.2 3 -0.3
    14:30 USD Natural Gas Storage (Sep 12) 90B 80B 71B
    GMT Ccy Events
    22:45 NZD GDP Q/Q Q2
        Actual: -0.90% Forecast: -0.30%
        Previous: 0.80% Revised:
    23:50 JPY Machinery Orders M/M Jul
        Actual: -4.60% Forecast: -1.40%
        Previous: 3.00% Revised:
    01:30 AUD Employment Change Aug
        Actual: -5.4K Forecast: 21.2K
        Previous: 24.5K Revised: 26.5K
    01:30 AUD Unemployment Rate Aug
        Actual: 4.20% Forecast: 4.20%
        Previous: 4.20% Revised:
    06:00 CHF Trade Balance (CHF) Aug
        Actual: 4.01B Forecast: 5.22B
        Previous: 4.59B Revised: 4.62B
    08:00 EUR Eurozone Current Account (EUR)v Jul
        Actual: 27.7B Forecast: 34.6B
        Previous: 35.8B Revised:
    11:00 GBP BoE Interest Rate Decision
        Actual: 4.00% Forecast: 4.00%
        Previous: 4.00% Revised:
    11:00 GBP MPC Official Bank Rate Votes
        Actual: 0--2--7 Forecast: 0--1--8
        Previous: 0--5--4 Revised:
    12:30 USD Initial Jobless Claims (Sep 12)
        Actual: 231K Forecast: 240K
        Previous: 263K Revised: 264K
    12:30 USD Philadelphia Fed Manufacturing Survey Sep
        Actual: 23.2 Forecast: 3
        Previous: -0.3 Revised:
    14:30 USD Natural Gas Storage (Sep 12)
        Actual: 90B Forecast: 80B
        Previous: 71B Revised:

    Eco Data 9/17/25

    GMT Ccy Events Actual Consensus Previous Revised
    21:00 NZD Westpac Consumer Sentiment Q3 90.9 91.2
    22:45 NZD Current Account (NZD) Q2 -0.97B -2.65B -2.32B -0.71B
    23:50 JPY Trade Balance (JPY) Aug -0.15T -0.34T -0.30T -0.29T
    00:30 AUD Westpac Leading Index M/M Aug 0.00% 0.10%
    06:00 GBP CPI M/M Aug 0.30% 0.30% 0.10%
    06:00 GBP CPI Y/Y Aug 3.80% 3.80% 3.80%
    06:00 GBP Core CPI Y/Y Aug 3.60% 3.70% 3.80%
    06:00 GBP RPI M/M Aug 0.40% 0.50% 0.40%
    06:00 GBP RPI Y/Y Aug 4.60% 4.70% 4.80%
    09:00 EUR Eurozone CPI Y/Y Aug F 2.00% 2.10% 2.10%
    09:00 EUR Eurozone Core CPI Y/Y Aug F 2.30% 2.30% 2.30%
    12:30 USD Building Permits Aug 1.31M 1.37M 1.35M
    12:30 USD Housing Starts Aug 1.31M 1.38M 1.43M
    13:45 CAD BoC Interest Rate Decision 2.50% 2.50% 2.75%
    14:30 CAD BoC Press Conference
    14:30 USD Crude Oil Inventories (Sep 12) -9.3M 1.4M 3.9M
    18:00 USD Fed Interest Rate Decision 4.25% 4.25% 4.50%
    18:30 USD FOMC Press Conference
    GMT Ccy Events
    21:00 NZD Westpac Consumer Sentiment Q3
        Actual: 90.9 Forecast:
        Previous: 91.2 Revised:
    22:45 NZD Current Account (NZD) Q2
        Actual: -0.97B Forecast: -2.65B
        Previous: -2.32B Revised: -0.71B
    23:50 JPY Trade Balance (JPY) Aug
        Actual: -0.15T Forecast: -0.34T
        Previous: -0.30T Revised: -0.29T
    00:30 AUD Westpac Leading Index M/M Aug
        Actual: 0.00% Forecast:
        Previous: 0.10% Revised:
    06:00 GBP CPI M/M Aug
        Actual: 0.30% Forecast: 0.30%
        Previous: 0.10% Revised:
    06:00 GBP CPI Y/Y Aug
        Actual: 3.80% Forecast: 3.80%
        Previous: 3.80% Revised:
    06:00 GBP Core CPI Y/Y Aug
        Actual: 3.60% Forecast: 3.70%
        Previous: 3.80% Revised:
    06:00 GBP RPI M/M Aug
        Actual: 0.40% Forecast: 0.50%
        Previous: 0.40% Revised:
    06:00 GBP RPI Y/Y Aug
        Actual: 4.60% Forecast: 4.70%
        Previous: 4.80% Revised:
    09:00 EUR Eurozone CPI Y/Y Aug F
        Actual: 2.00% Forecast: 2.10%
        Previous: 2.10% Revised:
    09:00 EUR Eurozone Core CPI Y/Y Aug F
        Actual: 2.30% Forecast: 2.30%
        Previous: 2.30% Revised:
    12:30 USD Building Permits Aug
        Actual: 1.31M Forecast: 1.37M
        Previous: 1.35M Revised:
    12:30 USD Housing Starts Aug
        Actual: 1.31M Forecast: 1.38M
        Previous: 1.43M Revised:
    13:45 CAD BoC Interest Rate Decision
        Actual: 2.50% Forecast: 2.50%
        Previous: 2.75% Revised:
    14:30 CAD BoC Press Conference
        Actual: Forecast:
        Previous: Revised:
    14:30 USD Crude Oil Inventories (Sep 12)
        Actual: -9.3M Forecast: 1.4M
        Previous: 3.9M Revised:
    18:00 USD Fed Interest Rate Decision
        Actual: 4.25% Forecast: 4.25%
        Previous: 4.50% Revised:
    18:30 USD FOMC Press Conference
        Actual: Forecast:
        Previous: Revised:

    Eco Data 9/16/25

    GMT Ccy Events Actual Consensus Previous Revised
    04:30 JPY Tertiary Industry Index M/M Jul 0.50% 0.20% 0.50% -0.20%
    06:00 GBP Claimant Count Change Aug 17.4K 20.3K -6.2K -33.3K
    06:00 GBP ILO Unemployment Rate (3M) Jul 4.70% 4.70% 4.70%
    06:00 GBP Average Earnings Excluding Bonus 3M/Y Jul 4.80% 4.80% 5.00%
    06:00 GBP Average Earnings Including Bonus 3M/Y Jul 4.70% 4.70% 4.60%
    09:00 EUR Eurozone Industrial Production M/M Jul 0.30% 0.50% -1.30%
    09:00 EUR Germany ZEW Economic Sentiment Sep 37.3 25 34.7
    09:00 EUR Germany ZEW Current Situation Sep -76.4 -65 -68.6
    09:00 EUR Eurozone ZEW Economic Sentiment Sep 26.1 20.3 25.1
    12:15 CAD Housing Starts Aug 246K 273K 294.1K
    12:30 CAD CPI M/M Aug -0.10% 0.10% 0.30%
    12:30 CAD CPI Y/Y Aug 1.90% 2.00% 1.70%
    12:30 CAD CPI Median Y/Y Aug 3.10% 3.10% 3.10%
    12:30 CAD CPI Trimmed Y/Y Aug 3.00% 3.00% 3.00% 3.10%
    12:30 CAD CPI Common Y/Y Aug 2.50% 2.60% 2.60%
    12:30 USD Retail Sales M/M Aug 0.60% 0.20% 0.50% 0.60%
    12:30 USD Retail Sales ex Autos M/M Aug 0.70% 0.30% 0.30% 0.40%
    12:30 USD Import Price Index M/M Aug 0.30% -0.20% 0.40% 0.20%
    13:15 USD Industrial Production M/M Aug 0.10% 0.00% -0.10% -0.40%
    13:15 USD Capacity Utilization Aug 77.40% 77.40% 77.50% 77.40%
    14:00 USD Business Inventories Jul 0.20% 0.20% 0.20%
    GMT Ccy Events
    04:30 JPY Tertiary Industry Index M/M Jul
        Actual: 0.50% Forecast: 0.20%
        Previous: 0.50% Revised: -0.20%
    06:00 GBP Claimant Count Change Aug
        Actual: 17.4K Forecast: 20.3K
        Previous: -6.2K Revised: -33.3K
    06:00 GBP ILO Unemployment Rate (3M) Jul
        Actual: 4.70% Forecast: 4.70%
        Previous: 4.70% Revised:
    06:00 GBP Average Earnings Excluding Bonus 3M/Y Jul
        Actual: 4.80% Forecast: 4.80%
        Previous: 5.00% Revised:
    06:00 GBP Average Earnings Including Bonus 3M/Y Jul
        Actual: 4.70% Forecast: 4.70%
        Previous: 4.60% Revised:
    09:00 EUR Eurozone Industrial Production M/M Jul
        Actual: 0.30% Forecast: 0.50%
        Previous: -1.30% Revised:
    09:00 EUR Germany ZEW Economic Sentiment Sep
        Actual: 37.3 Forecast: 25
        Previous: 34.7 Revised:
    09:00 EUR Germany ZEW Current Situation Sep
        Actual: -76.4 Forecast: -65
        Previous: -68.6 Revised:
    09:00 EUR Eurozone ZEW Economic Sentiment Sep
        Actual: 26.1 Forecast: 20.3
        Previous: 25.1 Revised:
    12:15 CAD Housing Starts Aug
        Actual: 246K Forecast: 273K
        Previous: 294.1K Revised:
    12:30 CAD CPI M/M Aug
        Actual: -0.10% Forecast: 0.10%
        Previous: 0.30% Revised:
    12:30 CAD CPI Y/Y Aug
        Actual: 1.90% Forecast: 2.00%
        Previous: 1.70% Revised:
    12:30 CAD CPI Median Y/Y Aug
        Actual: 3.10% Forecast: 3.10%
        Previous: 3.10% Revised:
    12:30 CAD CPI Trimmed Y/Y Aug
        Actual: 3.00% Forecast: 3.00%
        Previous: 3.00% Revised: 3.10%
    12:30 CAD CPI Common Y/Y Aug
        Actual: 2.50% Forecast: 2.60%
        Previous: 2.60% Revised:
    12:30 USD Retail Sales M/M Aug
        Actual: 0.60% Forecast: 0.20%
        Previous: 0.50% Revised: 0.60%
    12:30 USD Retail Sales ex Autos M/M Aug
        Actual: 0.70% Forecast: 0.30%
        Previous: 0.30% Revised: 0.40%
    12:30 USD Import Price Index M/M Aug
        Actual: 0.30% Forecast: -0.20%
        Previous: 0.40% Revised: 0.20%
    13:15 USD Industrial Production M/M Aug
        Actual: 0.10% Forecast: 0.00%
        Previous: -0.10% Revised: -0.40%
    13:15 USD Capacity Utilization Aug
        Actual: 77.40% Forecast: 77.40%
        Previous: 77.50% Revised: 77.40%
    14:00 USD Business Inventories Jul
        Actual: 0.20% Forecast: 0.20%
        Previous: 0.20% Revised:

    Eco Data 9/15/25

    GMT Ccy Events Actual Consensus Previous Revised
    22:30 NZD Business NZ PSI Aug 47.5 48.9
    02:00 CNY Industrial Production Y/Y Aug 5.20% 5.80% 5.70%
    02:00 CNY Retail Sales Y/Y Aug 3.40% 3.80% 3.70%
    02:00 CNY Fixed Asset Investment YTD Y/Y Aug 0.50% 1.40% 1.60%
    06:30 CHF Producer and Import Prices M/M Aug -0.60% 0.10% -0.20%
    06:30 CHF Producer and Import Prices Y/Y Aug -1.80% -0.90%
    09:00 EUR Eurozone Trade Balance (EUR) Jul 5.3B 12.2B 2.8B
    12:30 CAD Manufacturing Sales M/M Jul 2.50% 1.80% 0.30%
    12:30 CAD Wholesales Sales M/M Jul 1.20% 1.30% 0.70% 1.00%
    12:30 USD Empire State Manufacturing Sep -8.7 3 11.9
    GMT Ccy Events
    22:30 NZD Business NZ PSI Aug
        Actual: 47.5 Forecast:
        Previous: 48.9 Revised:
    02:00 CNY Industrial Production Y/Y Aug
        Actual: 5.20% Forecast: 5.80%
        Previous: 5.70% Revised:
    02:00 CNY Retail Sales Y/Y Aug
        Actual: 3.40% Forecast: 3.80%
        Previous: 3.70% Revised:
    02:00 CNY Fixed Asset Investment YTD Y/Y Aug
        Actual: 0.50% Forecast: 1.40%
        Previous: 1.60% Revised:
    06:30 CHF Producer and Import Prices M/M Aug
        Actual: -0.60% Forecast: 0.10%
        Previous: -0.20% Revised:
    06:30 CHF Producer and Import Prices Y/Y Aug
        Actual: -1.80% Forecast:
        Previous: -0.90% Revised:
    09:00 EUR Eurozone Trade Balance (EUR) Jul
        Actual: 5.3B Forecast: 12.2B
        Previous: 2.8B Revised:
    12:30 CAD Manufacturing Sales M/M Jul
        Actual: 2.50% Forecast: 1.80%
        Previous: 0.30% Revised:
    12:30 CAD Wholesales Sales M/M Jul
        Actual: 1.20% Forecast: 1.30%
        Previous: 0.70% Revised: 1.00%
    12:30 USD Empire State Manufacturing Sep
        Actual: -8.7 Forecast: 3
        Previous: 11.9 Revised:

    Summary 9/15 – 9/19

    Monday, Sep 15, 2025

    GMT Ccy Events Consensus Previous
    22:30 NZD Business NZ PSI Aug 48.9
    02:00 CNY Industrial Production Y/Y Aug 5.80% 5.70%
    02:00 CNY Retail Sales Y/Y Aug 3.80% 3.70%
    02:00 CNY Fixed Asset Investment YTD Y/Y Aug 1.40% 1.60%
    06:30 CHF Producer and Import Prices M/M Aug 0.10% -0.20%
    06:30 CHF Producer and Import Prices Y/Y Aug -0.90%
    09:00 EUR Eurozone Trade Balance (EUR) Jul 12.2B 2.8B
    12:30 CAD Manufacturing Sales M/M Jul 1.80% 0.30%
    12:30 CAD Wholesales Sales M/M Jul 1.30% 0.70%
    12:30 USD Empire State Manufacturing Sep 3 11.9
    GMT Ccy Events
    22:30 NZD Business NZ PSI Aug
        Forecast: Previous: 48.9
    02:00 CNY Industrial Production Y/Y Aug
        Forecast: 5.80% Previous: 5.70%
    02:00 CNY Retail Sales Y/Y Aug
        Forecast: 3.80% Previous: 3.70%
    02:00 CNY Fixed Asset Investment YTD Y/Y Aug
        Forecast: 1.40% Previous: 1.60%
    06:30 CHF Producer and Import Prices M/M Aug
        Forecast: 0.10% Previous: -0.20%
    06:30 CHF Producer and Import Prices Y/Y Aug
        Forecast: Previous: -0.90%
    09:00 EUR Eurozone Trade Balance (EUR) Jul
        Forecast: 12.2B Previous: 2.8B
    12:30 CAD Manufacturing Sales M/M Jul
        Forecast: 1.80% Previous: 0.30%
    12:30 CAD Wholesales Sales M/M Jul
        Forecast: 1.30% Previous: 0.70%
    12:30 USD Empire State Manufacturing Sep
        Forecast: 3 Previous: 11.9

    Tuesday, Sep 16, 2025

    GMT Ccy Events Consensus Previous
    04:30 JPY Tertiary Industry Index M/M Jul 0.20% 0.50%
    06:00 GBP Claimant Count Change Aug 20.3K -6.2K
    06:00 GBP ILO Unemployment Rate (3M) Jul 4.70% 4.70%
    06:00 GBP Average Earnings Excluding Bonus 3M/Y Jul 4.80% 5.00%
    06:00 GBP Average Earnings Including Bonus 3M/Y Jul 4.70% 4.60%
    09:00 EUR Eurozone Industrial Production M/M Jul 0.50% -1.30%
    09:00 EUR Germany ZEW Economic Sentiment Sep 25 34.7
    09:00 EUR Germany ZEW Current Situation Sep -65 -68.6
    09:00 EUR Eurozone ZEW Economic Sentiment Sep 20.3 25.1
    12:15 CAD Housing Starts Aug 273K 294.1K
    12:30 CAD CPI M/M Aug 0.10% 0.30%
    12:30 CAD CPI Y/Y Aug 1.70%
    12:30 CAD CPI Median Y/Y Aug 3.10% 3.10%
    12:30 CAD CPI Trimmed Y/Y Aug 3.00% 3.00%
    12:30 CAD CPI Common Y/Y Aug 2.60% 2.60%
    12:30 USD Retail Sales M/M Aug 0.20% 0.50%
    12:30 USD Retail Sales ex Autos M/M Aug 0.30% 0.30%
    12:30 USD Import Price Index M/M Aug -0.20% 0.40%
    13:15 USD Industrial Production M/M Aug 0.00% -0.10%
    13:15 USD Capacity Utilization Aug 77.40% 77.50%
    14:00 USD Business Inventories Jul 0.20% 0.20%
    21:00 NZD Westpac Consumer Sentiment Q3 91.2
    22:45 NZD Current Account (NZD) Q2 -2.65B -2.32B
    23:50 JPY Trade Balance (JPY) Aug -0.34T -0.30T
    GMT Ccy Events
    04:30 JPY Tertiary Industry Index M/M Jul
        Forecast: 0.20% Previous: 0.50%
    06:00 GBP Claimant Count Change Aug
        Forecast: 20.3K Previous: -6.2K
    06:00 GBP ILO Unemployment Rate (3M) Jul
        Forecast: 4.70% Previous: 4.70%
    06:00 GBP Average Earnings Excluding Bonus 3M/Y Jul
        Forecast: 4.80% Previous: 5.00%
    06:00 GBP Average Earnings Including Bonus 3M/Y Jul
        Forecast: 4.70% Previous: 4.60%
    09:00 EUR Eurozone Industrial Production M/M Jul
        Forecast: 0.50% Previous: -1.30%
    09:00 EUR Germany ZEW Economic Sentiment Sep
        Forecast: 25 Previous: 34.7
    09:00 EUR Germany ZEW Current Situation Sep
        Forecast: -65 Previous: -68.6
    09:00 EUR Eurozone ZEW Economic Sentiment Sep
        Forecast: 20.3 Previous: 25.1
    12:15 CAD Housing Starts Aug
        Forecast: 273K Previous: 294.1K
    12:30 CAD CPI M/M Aug
        Forecast: 0.10% Previous: 0.30%
    12:30 CAD CPI Y/Y Aug
        Forecast: Previous: 1.70%
    12:30 CAD CPI Median Y/Y Aug
        Forecast: 3.10% Previous: 3.10%
    12:30 CAD CPI Trimmed Y/Y Aug
        Forecast: 3.00% Previous: 3.00%
    12:30 CAD CPI Common Y/Y Aug
        Forecast: 2.60% Previous: 2.60%
    12:30 USD Retail Sales M/M Aug
        Forecast: 0.20% Previous: 0.50%
    12:30 USD Retail Sales ex Autos M/M Aug
        Forecast: 0.30% Previous: 0.30%
    12:30 USD Import Price Index M/M Aug
        Forecast: -0.20% Previous: 0.40%
    13:15 USD Industrial Production M/M Aug
        Forecast: 0.00% Previous: -0.10%
    13:15 USD Capacity Utilization Aug
        Forecast: 77.40% Previous: 77.50%
    14:00 USD Business Inventories Jul
        Forecast: 0.20% Previous: 0.20%
    21:00 NZD Westpac Consumer Sentiment Q3
        Forecast: Previous: 91.2
    22:45 NZD Current Account (NZD) Q2
        Forecast: -2.65B Previous: -2.32B
    23:50 JPY Trade Balance (JPY) Aug
        Forecast: -0.34T Previous: -0.30T

    Wednesday, Sep 17, 2025

    GMT Ccy Events Consensus Previous
    00:30 AUD Westpac Leading Index M/M Aug 0.10%
    06:00 GBP CPI M/M Aug 0.10%
    06:00 GBP CPI Y/Y Aug 3.80% 3.80%
    06:00 GBP Core CPI Y/Y Aug 3.70% 3.80%
    06:00 GBP RPI M/M Aug 0.40%
    06:00 GBP RPI Y/Y Aug 4.70% 4.80%
    09:00 EUR Eurozone CPI Y/Y Aug F 2.10% 2.10%
    09:00 EUR Eurozone Core CPI Y/Y Aug F 2.30% 2.30%
    12:30 USD Building Permits Aug 1.37M 1.35M
    12:30 USD Housing Starts Aug 1.38M 1.43M
    13:45 CAD BoC Interest Rate Decision 2.50% 2.75%
    14:30 CAD BoC Press Conference
    14:30 USD Crude Oil Inventories (Sep 12) 3.9M
    18:00 USD Fed Interest Rate Decision 4.25% 4.50%
    18:30 USD FOMC Press Conference
    22:45 NZD GDP Q/Q Q2 -0.30% 0.80%
    23:50 JPY Machinery Orders M/M Jul -1.40% 3.00%
    GMT Ccy Events
    00:30 AUD Westpac Leading Index M/M Aug
        Forecast: Previous: 0.10%
    06:00 GBP CPI M/M Aug
        Forecast: Previous: 0.10%
    06:00 GBP CPI Y/Y Aug
        Forecast: 3.80% Previous: 3.80%
    06:00 GBP Core CPI Y/Y Aug
        Forecast: 3.70% Previous: 3.80%
    06:00 GBP RPI M/M Aug
        Forecast: Previous: 0.40%
    06:00 GBP RPI Y/Y Aug
        Forecast: 4.70% Previous: 4.80%
    09:00 EUR Eurozone CPI Y/Y Aug F
        Forecast: 2.10% Previous: 2.10%
    09:00 EUR Eurozone Core CPI Y/Y Aug F
        Forecast: 2.30% Previous: 2.30%
    12:30 USD Building Permits Aug
        Forecast: 1.37M Previous: 1.35M
    12:30 USD Housing Starts Aug
        Forecast: 1.38M Previous: 1.43M
    13:45 CAD BoC Interest Rate Decision
        Forecast: 2.50% Previous: 2.75%
    14:30 CAD BoC Press Conference
        Forecast: Previous:
    14:30 USD Crude Oil Inventories (Sep 12)
        Forecast: Previous: 3.9M
    18:00 USD Fed Interest Rate Decision
        Forecast: 4.25% Previous: 4.50%
    18:30 USD FOMC Press Conference
        Forecast: Previous:
    22:45 NZD GDP Q/Q Q2
        Forecast: -0.30% Previous: 0.80%
    23:50 JPY Machinery Orders M/M Jul
        Forecast: -1.40% Previous: 3.00%

    Thursday, Sep 18, 2025

    GMT Ccy Events Consensus Previous
    01:30 AUD Employment Change Aug 21.2K 24.5K
    01:30 AUD Unemployment Rate Aug 4.20% 4.20%
    06:00 CHF Trade Balance (CHF) Aug 5.22B 4.59B
    08:00 EUR Eurozone Current Account (EUR)v Jul 35.8B
    11:00 GBP BoE Interest Rate Decision 4.00% 4.00%
    11:00 GBP MPC Official Bank Rate Votes 0--1--8 0--5--4
    12:30 USD Initial Jobless Claims (Sep 12) 240K 263K
    12:30 USD Philadelphia Fed Manufacturing Survey Sep 3 -0.3
    14:30 USD Natural Gas Storage (Sep 12) 71B
    22:45 NZD Trade Balance (NZD) Aug -578M
    23:01 GBP GfK Consumer Confidence Sep -18 -17
    23:30 JPY National CPI Y/Y Aug 3.10%
    23:30 JPY National CPI Core Y/Y Aug 2.70% 3.10%
    23:30 JPY National CPI Core-Core Y/Y Aug 3.40%
    GMT Ccy Events
    01:30 AUD Employment Change Aug
        Forecast: 21.2K Previous: 24.5K
    01:30 AUD Unemployment Rate Aug
        Forecast: 4.20% Previous: 4.20%
    06:00 CHF Trade Balance (CHF) Aug
        Forecast: 5.22B Previous: 4.59B
    08:00 EUR Eurozone Current Account (EUR)v Jul
        Forecast: Previous: 35.8B
    11:00 GBP BoE Interest Rate Decision
        Forecast: 4.00% Previous: 4.00%
    11:00 GBP MPC Official Bank Rate Votes
        Forecast: 0--1--8 Previous: 0--5--4
    12:30 USD Initial Jobless Claims (Sep 12)
        Forecast: 240K Previous: 263K
    12:30 USD Philadelphia Fed Manufacturing Survey Sep
        Forecast: 3 Previous: -0.3
    14:30 USD Natural Gas Storage (Sep 12)
        Forecast: Previous: 71B
    22:45 NZD Trade Balance (NZD) Aug
        Forecast: Previous: -578M
    23:01 GBP GfK Consumer Confidence Sep
        Forecast: -18 Previous: -17
    23:30 JPY National CPI Y/Y Aug
        Forecast: Previous: 3.10%
    23:30 JPY National CPI Core Y/Y Aug
        Forecast: 2.70% Previous: 3.10%
    23:30 JPY National CPI Core-Core Y/Y Aug
        Forecast: Previous: 3.40%

    Friday, Sep 19, 2025

    GMT Ccy Events Consensus Previous
    JPY BoJ Interest Rate Decision 0.50% 0.50%
    06:00 GBP Retail Sales M/M Aug 0.40% 0.60%
    06:00 EUR Germany PPI M/M Aug -0.10% -0.10%
    06:00 EUR Germany PPI Y/Y Aug -1.80% -1.50%
    12:30 CAD Retail Sales M/M Jul 0.00% 1.50%
    12:30 CAD Retail Sales ex Autos M/M Jul 0.20% 1.90%
    GMT Ccy Events
    JPY BoJ Interest Rate Decision
        Forecast: 0.50% Previous: 0.50%
    06:00 GBP Retail Sales M/M Aug
        Forecast: 0.40% Previous: 0.60%
    06:00 EUR Germany PPI M/M Aug
        Forecast: -0.10% Previous: -0.10%
    06:00 EUR Germany PPI Y/Y Aug
        Forecast: -1.80% Previous: -1.50%
    12:30 CAD Retail Sales M/M Jul
        Forecast: 0.00% Previous: 1.50%
    12:30 CAD Retail Sales ex Autos M/M Jul
        Forecast: 0.20% Previous: 1.90%

    Eco Data 9/12/25

    GMT Ccy Events Actual Consensus Previous Revised
    22:30 NZD BusinessNZ PMI Aug 49.9 52.8
    04:30 JPY Industrial Production M/M Jul F -1.20% -1.60% -1.60%
    06:00 EUR Germany CPI M/M Aug F 0.10% 0.10% 0.10%
    06:00 EUR Germany CPI Y/Y Aug F 2.20% 2.20% 2.20%
    06:00 GBP GDP M/M Jul 0.00% 0.00% 0.40%
    06:00 GBP Manufacturing Production M/M Jul -1.30% 0.00% 0.50%
    06:00 GBP Manufacturing Production Y/Y Jul 0.20% 1.60% 0.00%
    06:00 GBP Industrial Production M/M Jul -0.90% 0.00% 0.70%
    06:00 GBP Industrial Production Y/Y Jul 0.10% 1.10% 0.20%
    06:00 GBP Goods Trade Balance (GBP) Jul -22.2B -21.5B -22.2B
    12:30 CAD Building Permits M/M Jul -0.10% 3.70% -9.00% -9.50%
    12:30 CAD Capacity Utilization Q2 79.30% 78.90% 80.10% 79.90%
    14:00 USD UoM Consumer Sentiment Sep P 55.4 59.4 58.2
    14:00 USD UoM 1-Yr Inflation Expectations Sep P 4.80% 4.80%
    GMT Ccy Events
    22:30 NZD BusinessNZ PMI Aug
        Actual: 49.9 Forecast:
        Previous: 52.8 Revised:
    04:30 JPY Industrial Production M/M Jul F
        Actual: -1.20% Forecast: -1.60%
        Previous: -1.60% Revised:
    06:00 EUR Germany CPI M/M Aug F
        Actual: 0.10% Forecast: 0.10%
        Previous: 0.10% Revised:
    06:00 EUR Germany CPI Y/Y Aug F
        Actual: 2.20% Forecast: 2.20%
        Previous: 2.20% Revised:
    06:00 GBP GDP M/M Jul
        Actual: 0.00% Forecast: 0.00%
        Previous: 0.40% Revised:
    06:00 GBP Manufacturing Production M/M Jul
        Actual: -1.30% Forecast: 0.00%
        Previous: 0.50% Revised:
    06:00 GBP Manufacturing Production Y/Y Jul
        Actual: 0.20% Forecast: 1.60%
        Previous: 0.00% Revised:
    06:00 GBP Industrial Production M/M Jul
        Actual: -0.90% Forecast: 0.00%
        Previous: 0.70% Revised:
    06:00 GBP Industrial Production Y/Y Jul
        Actual: 0.10% Forecast: 1.10%
        Previous: 0.20% Revised:
    06:00 GBP Goods Trade Balance (GBP) Jul
        Actual: -22.2B Forecast: -21.5B
        Previous: -22.2B Revised:
    12:30 CAD Building Permits M/M Jul
        Actual: -0.10% Forecast: 3.70%
        Previous: -9.00% Revised: -9.50%
    12:30 CAD Capacity Utilization Q2
        Actual: 79.30% Forecast: 78.90%
        Previous: 80.10% Revised: 79.90%
    14:00 USD UoM Consumer Sentiment Sep P
        Actual: 55.4 Forecast: 59.4
        Previous: 58.2 Revised:
    14:00 USD UoM 1-Yr Inflation Expectations Sep P
        Actual: 4.80% Forecast:
        Previous: 4.80% Revised:

    Eco Data 9/11/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:01 GBP RICS Housing Price Balance Aug -19% -10% -13%
    23:50 JPY PPI Y/Y Aug 2.70% 2.70% 2.60% 2.50%
    23:50 JPY BSI Large Manufacturing Index Q3 3.8 -3.3 -4.8
    12:15 EUR ECB Rate On Deposit Facility 2.00% 2.00% 2.00%
    12:15 EUR ECB Main Refinancing Rate 2.15% 2.15% 2.15%
    12:30 USD Initial Jobless Claims (Sep 5) 263K 240K 237K 236K
    12:30 USD CPI M/M Aug 0.40% 0.30% 0.20%
    12:30 USD CPI Y/Y Aug 2.90% 2.90% 2.70%
    12:30 USD CPI Core M/M Aug 0.30% 0.30% 0.30%
    12:30 USD CPI Core Y/Y Aug 3.10% 3.10% 3.10%
    12:45 EUR ECB Press Conference
    14:30 USD Natural Gas Storage (Sep 5) 66B 55B
    GMT Ccy Events
    23:01 GBP RICS Housing Price Balance Aug
        Actual: -19% Forecast: -10%
        Previous: -13% Revised:
    23:50 JPY PPI Y/Y Aug
        Actual: 2.70% Forecast: 2.70%
        Previous: 2.60% Revised: 2.50%
    23:50 JPY BSI Large Manufacturing Index Q3
        Actual: 3.8 Forecast: -3.3
        Previous: -4.8 Revised:
    12:15 EUR ECB Rate On Deposit Facility
        Actual: 2.00% Forecast: 2.00%
        Previous: 2.00% Revised:
    12:15 EUR ECB Main Refinancing Rate
        Actual: 2.15% Forecast: 2.15%
        Previous: 2.15% Revised:
    12:30 USD Initial Jobless Claims (Sep 5)
        Actual: 263K Forecast: 240K
        Previous: 237K Revised: 236K
    12:30 USD CPI M/M Aug
        Actual: 0.40% Forecast: 0.30%
        Previous: 0.20% Revised:
    12:30 USD CPI Y/Y Aug
        Actual: 2.90% Forecast: 2.90%
        Previous: 2.70% Revised:
    12:30 USD CPI Core M/M Aug
        Actual: 0.30% Forecast: 0.30%
        Previous: 0.30% Revised:
    12:30 USD CPI Core Y/Y Aug
        Actual: 3.10% Forecast: 3.10%
        Previous: 3.10% Revised:
    12:45 EUR ECB Press Conference
        Actual: Forecast:
        Previous: Revised:
    14:30 USD Natural Gas Storage (Sep 5)
        Actual: Forecast: 66B
        Previous: 55B Revised:

    Eco Data 9/10/25

    GMT Ccy Events Actual Consensus Previous Revised
    01:30 CNY CPI Y/Y Aug -0.40% -0.20% 0.00%
    01:30 CNY PPI Y/Y Aug -2.90% -2.90% -3.60%
    12:30 USD PPI M/M Aug -0.10% 0.30% 0.90% 0.70%
    12:30 USD PPI Y/Y Aug 2.60% 3.30% 3.30%
    12:30 USD PPI Core M/M Aug -0.10% 0.30% 0.90%
    12:30 USD PPI Core Y/Y Aug 2.80% 3.50% 3.70%
    14:00 USD Wholele Inventories Jul F 0.10% 0.20% 0.20%
    14:30 USD Crude Oil Inventories (Sep 5) 3.9M -1.9M 2.4M
    GMT Ccy Events
    01:30 CNY CPI Y/Y Aug
        Actual: -0.40% Forecast: -0.20%
        Previous: 0.00% Revised:
    01:30 CNY PPI Y/Y Aug
        Actual: -2.90% Forecast: -2.90%
        Previous: -3.60% Revised:
    12:30 USD PPI M/M Aug
        Actual: -0.10% Forecast: 0.30%
        Previous: 0.90% Revised: 0.70%
    12:30 USD PPI Y/Y Aug
        Actual: 2.60% Forecast: 3.30%
        Previous: 3.30% Revised:
    12:30 USD PPI Core M/M Aug
        Actual: -0.10% Forecast: 0.30%
        Previous: 0.90% Revised:
    12:30 USD PPI Core Y/Y Aug
        Actual: 2.80% Forecast: 3.50%
        Previous: 3.70% Revised:
    14:00 USD Wholele Inventories Jul F
        Actual: 0.10% Forecast: 0.20%
        Previous: 0.20% Revised:
    14:30 USD Crude Oil Inventories (Sep 5)
        Actual: 3.9M Forecast: -1.9M
        Previous: 2.4M Revised:
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