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    Economic Calendar

    Eco Data 8/11/25

    GMT Ccy Events Actual Consensus Previous Revised
    09:00 EUR Italy Trade Balance (EUR) Jun 5.41B 7.12B 6.16B
    GMT Ccy Events
    09:00 EUR Italy Trade Balance (EUR) Jun
        Actual: 5.41B Forecast: 7.12B
        Previous: 6.16B Revised:

    Summary 8/11 – 8/15

    Monday, Aug 11, 2025

    GMT Ccy Events Consensus Previous
    09:00 EUR Italy Trade Balance (EUR) Jun 7.12B 6.16B
    23:50 JPY Money Supply M2+CD Y/Y Jul 0.80% 0.90%
    GMT Ccy Events
    09:00 EUR Italy Trade Balance (EUR) Jun
        Forecast: 7.12B Previous: 6.16B
    23:50 JPY Money Supply M2+CD Y/Y Jul
        Forecast: 0.80% Previous: 0.90%

    Tuesday, Aug 12, 2025

    GMT Ccy Events Consensus Previous
    01:30 AUD NAB Business Confidence Jul 5
    01:30 AUD NAB Business Conditions Jul 9
    04:30 AUD RBA Interest Rate Decision 3.60% 3.85%
    06:00 GBP Claimant Count Change Jul 25.9K
    06:00 GBP ILO Unemployment Rate (3M) Jun 4.70% 4.70%
    06:00 GBP Average Earnings Including Bonus 3M/Y Jun 4.70% 5.00%
    06:00 GBP Average Earnings Excluding Bonus 3M/Y Jun 5.00%
    09:00 EUR Germany ZEW Economic Sentiment Aug 40 52.7
    09:00 EUR Germany ZEW Current Situation Aug -63 -59.5
    09:00 EUR Eurozone ZEW Economic Sentiment Aug 28.4 36.1
    10:00 USD NFIB Business Optimism Index Jul 98.6 98.6
    12:30 CAD Building Permits M/M Jun 12%
    12:30 USD CPI M/M Jul 0.20% 0.30%
    12:30 USD CPI Y/Y Jul 2.80% 2.70%
    12:30 USD CPI Core M/M Jul 0.30% 0.20%
    12:30 USD CPI Core Y/Y Jul 3.00% 2.90%
    23:50 JPY PPI Y/Y Jul 2.50% 2.90%
    GMT Ccy Events
    01:30 AUD NAB Business Confidence Jul
        Forecast: Previous: 5
    01:30 AUD NAB Business Conditions Jul
        Forecast: Previous: 9
    04:30 AUD RBA Interest Rate Decision
        Forecast: 3.60% Previous: 3.85%
    06:00 GBP Claimant Count Change Jul
        Forecast: Previous: 25.9K
    06:00 GBP ILO Unemployment Rate (3M) Jun
        Forecast: 4.70% Previous: 4.70%
    06:00 GBP Average Earnings Including Bonus 3M/Y Jun
        Forecast: 4.70% Previous: 5.00%
    06:00 GBP Average Earnings Excluding Bonus 3M/Y Jun
        Forecast: Previous: 5.00%
    09:00 EUR Germany ZEW Economic Sentiment Aug
        Forecast: 40 Previous: 52.7
    09:00 EUR Germany ZEW Current Situation Aug
        Forecast: -63 Previous: -59.5
    09:00 EUR Eurozone ZEW Economic Sentiment Aug
        Forecast: 28.4 Previous: 36.1
    10:00 USD NFIB Business Optimism Index Jul
        Forecast: 98.6 Previous: 98.6
    12:30 CAD Building Permits M/M Jun
        Forecast: Previous: 12%
    12:30 USD CPI M/M Jul
        Forecast: 0.20% Previous: 0.30%
    12:30 USD CPI Y/Y Jul
        Forecast: 2.80% Previous: 2.70%
    12:30 USD CPI Core M/M Jul
        Forecast: 0.30% Previous: 0.20%
    12:30 USD CPI Core Y/Y Jul
        Forecast: 3.00% Previous: 2.90%
    23:50 JPY PPI Y/Y Jul
        Forecast: 2.50% Previous: 2.90%

    Wednesday, Aug 13, 2025

    GMT Ccy Events Consensus Previous
    01:30 AUD Wage Price Index Q/Q Q2 0.80% 0.90%
    06:00 JPY Machine Tool Orders Y/Y Jul -0.50%
    06:00 EUR Germany CPI M/M Jul F 0.30% 0.30%
    06:00 EUR Germany CPI Y/Y Jul F 2.00% 2.00%
    14:30 USD Crude Oil Inventories -3.0M
    23:01 GBP RICS Housing Price Balance Jul -5% -7%
    GMT Ccy Events
    01:30 AUD Wage Price Index Q/Q Q2
        Forecast: 0.80% Previous: 0.90%
    06:00 JPY Machine Tool Orders Y/Y Jul
        Forecast: Previous: -0.50%
    06:00 EUR Germany CPI M/M Jul F
        Forecast: 0.30% Previous: 0.30%
    06:00 EUR Germany CPI Y/Y Jul F
        Forecast: 2.00% Previous: 2.00%
    14:30 USD Crude Oil Inventories
        Forecast: Previous: -3.0M
    23:01 GBP RICS Housing Price Balance Jul
        Forecast: -5% Previous: -7%

    Thursday, Aug 14, 2025

    GMT Ccy Events Consensus Previous
    01:30 AUD Employment Change Jul 25.3K 2.0K
    01:30 AUD Unemployment Rate Jul 4.20% 4.30%
    06:00 GBP GDP Q/Q Q2 P 0.10% 0.70%
    06:00 GBP GDP M/M Jun 0.20% -0.10%
    06:00 GBP Industrial Production M/M Jun 0.50% -0.90%
    06:00 GBP Industrial Production Y/Y Jun -0.30%
    06:00 GBP Manufacturing Production M/M Jun 0.50% -1.00%
    06:00 GBP Manufacturing Production Y/Y Jun 0.30%
    06:00 GBP Goods Trade Balance (GBP) Jun -21.9B -21.7B
    06:30 CHF Producer and Import Prices M/M Jul 0.00% -0.10%
    06:30 CHF Producer and Import Prices Y/Y Jul -0.70%
    09:00 EUR Eurozone GDP Q/Q Q2 P 0.10% 0.10%
    09:00 EUR Eurozone Employment Change Q/Q Q2 P 0.20% 0.20%
    09:00 EUR Eurozone Industrial Production M/M Jun -0.80% 1.70%
    12:30 USD PPI M/M Jul 0.20% 0.00%
    12:30 USD PPI Y/Y Jul 2.30%
    12:30 USD PPI Core M/M Jul 0.20% 0.00%
    12:30 USD PPI Core Y/Y Jul 2.60%
    12:30 USD Initial Jobless Claims (Aug 8) 227K 226K
    14:30 USD Natural Gas Storage 7B
    22:30 NZD Business NZ PMI Jul 48.8
    23:50 JPY GDP Q/Q Q2 P 0.10% 0.00%
    23:50 JPY GDP Deflator Y/Y Q2 P 3.30%
    GMT Ccy Events
    01:30 AUD Employment Change Jul
        Forecast: 25.3K Previous: 2.0K
    01:30 AUD Unemployment Rate Jul
        Forecast: 4.20% Previous: 4.30%
    06:00 GBP GDP Q/Q Q2 P
        Forecast: 0.10% Previous: 0.70%
    06:00 GBP GDP M/M Jun
        Forecast: 0.20% Previous: -0.10%
    06:00 GBP Industrial Production M/M Jun
        Forecast: 0.50% Previous: -0.90%
    06:00 GBP Industrial Production Y/Y Jun
        Forecast: Previous: -0.30%
    06:00 GBP Manufacturing Production M/M Jun
        Forecast: 0.50% Previous: -1.00%
    06:00 GBP Manufacturing Production Y/Y Jun
        Forecast: Previous: 0.30%
    06:00 GBP Goods Trade Balance (GBP) Jun
        Forecast: -21.9B Previous: -21.7B
    06:30 CHF Producer and Import Prices M/M Jul
        Forecast: 0.00% Previous: -0.10%
    06:30 CHF Producer and Import Prices Y/Y Jul
        Forecast: Previous: -0.70%
    09:00 EUR Eurozone GDP Q/Q Q2 P
        Forecast: 0.10% Previous: 0.10%
    09:00 EUR Eurozone Employment Change Q/Q Q2 P
        Forecast: 0.20% Previous: 0.20%
    09:00 EUR Eurozone Industrial Production M/M Jun
        Forecast: -0.80% Previous: 1.70%
    12:30 USD PPI M/M Jul
        Forecast: 0.20% Previous: 0.00%
    12:30 USD PPI Y/Y Jul
        Forecast: Previous: 2.30%
    12:30 USD PPI Core M/M Jul
        Forecast: 0.20% Previous: 0.00%
    12:30 USD PPI Core Y/Y Jul
        Forecast: Previous: 2.60%
    12:30 USD Initial Jobless Claims (Aug 8)
        Forecast: 227K Previous: 226K
    14:30 USD Natural Gas Storage
        Forecast: Previous: 7B
    22:30 NZD Business NZ PMI Jul
        Forecast: Previous: 48.8
    23:50 JPY GDP Q/Q Q2 P
        Forecast: 0.10% Previous: 0.00%
    23:50 JPY GDP Deflator Y/Y Q2 P
        Forecast: Previous: 3.30%

    Friday, Aug 15, 2025

    GMT Ccy Events Consensus Previous
    02:00 CNY Industrial Production Y/Y Jul 6.00% 6.80%
    02:00 CNY Retail Sales Y/Y Jul 4.60% 4.80%
    02:00 CNY Fixed Asset Investment (YTD) Y/Y Jul 2.70% 2.80%
    04:30 JPY Industrial Production M/M Jun F 1.70% 1.70%
    12:30 CAD Manufacturing Sales M/M Jun 0.40% -0.90%
    12:30 CAD Wholesale Sales M/M Jun 0.30% 0.10%
    12:30 USD Retail Sales M/M Jul 0.50% 0.60%
    12:30 USD Retail Sales ex Autos M/M Jul 0.30% 0.50%
    12:30 USD Empire State Manufacturing Index Aug -1 5.5
    12:30 USD Import Price Index M/M Jul 0.00% 0.10%
    13:15 USD Industrial Production M/M Jul 0.00% 0.30%
    13:15 USD Capacity Utilization Jul 77.50% 77.60%
    14:00 USD Business Inventories Jun 0%
    14:00 USD UoM Consumer Sentiment Aug P 62.1 61.7
    14:00 USD UoM 1-Y Inflation Expectations Aug P 4.50%
    GMT Ccy Events
    02:00 CNY Industrial Production Y/Y Jul
        Forecast: 6.00% Previous: 6.80%
    02:00 CNY Retail Sales Y/Y Jul
        Forecast: 4.60% Previous: 4.80%
    02:00 CNY Fixed Asset Investment (YTD) Y/Y Jul
        Forecast: 2.70% Previous: 2.80%
    04:30 JPY Industrial Production M/M Jun F
        Forecast: 1.70% Previous: 1.70%
    12:30 CAD Manufacturing Sales M/M Jun
        Forecast: 0.40% Previous: -0.90%
    12:30 CAD Wholesale Sales M/M Jun
        Forecast: 0.30% Previous: 0.10%
    12:30 USD Retail Sales M/M Jul
        Forecast: 0.50% Previous: 0.60%
    12:30 USD Retail Sales ex Autos M/M Jul
        Forecast: 0.30% Previous: 0.50%
    12:30 USD Empire State Manufacturing Index Aug
        Forecast: -1 Previous: 5.5
    12:30 USD Import Price Index M/M Jul
        Forecast: 0.00% Previous: 0.10%
    13:15 USD Industrial Production M/M Jul
        Forecast: 0.00% Previous: 0.30%
    13:15 USD Capacity Utilization Jul
        Forecast: 77.50% Previous: 77.60%
    14:00 USD Business Inventories Jun
        Forecast: Previous: 0%
    14:00 USD UoM Consumer Sentiment Aug P
        Forecast: 62.1 Previous: 61.7
    14:00 USD UoM 1-Y Inflation Expectations Aug P
        Forecast: Previous: 4.50%

    Eco Data 8/8/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:30 JPY Household Spending Y/Y Jun 1.30% 2.80% 4.70%
    23:50 JPY Bank Lending Y/Y Jul 3.20% 2.70% 2.80% 2.70%
    23:50 JPY Current Account (JPY)) Jun 2.40T 2.76T 2.82T
    23:50 JPY BoJ Summary of Opinions
    05:00 JPY Eco Watchers Survey: Current Jul 45.2 45.5 45
    07:00 CHF SECO Consumer Climate Q3 -33 -30 -32
    12:30 CAD Net Change in Employment Jul -40.8K 15.3K 83.1K
    12:30 CAD Unemployment Rate Jul 6.90% 7.00% 6.90%
    GMT Ccy Events
    23:30 JPY Household Spending Y/Y Jun
        Actual: 1.30% Forecast: 2.80%
        Previous: 4.70% Revised:
    23:50 JPY Bank Lending Y/Y Jul
        Actual: 3.20% Forecast: 2.70%
        Previous: 2.80% Revised: 2.70%
    23:50 JPY Current Account (JPY)) Jun
        Actual: 2.40T Forecast: 2.76T
        Previous: 2.82T Revised:
    23:50 JPY BoJ Summary of Opinions
        Actual: Forecast:
        Previous: Revised:
    05:00 JPY Eco Watchers Survey: Current Jul
        Actual: 45.2 Forecast: 45.5
        Previous: 45 Revised:
    07:00 CHF SECO Consumer Climate Q3
        Actual: -33 Forecast: -30
        Previous: -32 Revised:
    12:30 CAD Net Change in Employment Jul
        Actual: -40.8K Forecast: 15.3K
        Previous: 83.1K Revised:
    12:30 CAD Unemployment Rate Jul
        Actual: 6.90% Forecast: 7.00%
        Previous: 6.90% Revised:

    Eco Data 8/7/25

    GMT Ccy Events Actual Consensus Previous Revised
    01:30 AUD Trade Balance (AUD) Jun 5.37B 3.25B 2.24B 1.60B
    03:00 CNY Trade Balance (USD) Jul 98.2B 107.9B 114.8B
    03:00 NZD RBNZ Inflation Expectations Q3 2.28% 2.29%
    05:00 JPY Leading Economic Index Jun P 106.1 106 104.8
    06:00 EUR Germany Industrial Production M/M Jun -1.90% -0.60% 1.20% -0.10%
    06:00 EUR Germany Trade Balance (EUR) Jun 14.9B 18.3B 18.4B 18.5B
    06:45 EUR France Trade Balance (EUR) Jun -7.6B -7.5B -7.8B -7.6B
    07:00 CHF Foreign Currency Reserves (CHF) Jul 716B 713B
    07:00 CHF Unemployment Rate Jul 2.90% 2.90% 2.90%
    08:00 EUR ECB Economic Bulletin
    11:00 GBP BoE Interest Rate Decision 4.00% 4.00% 4.25%
    11:00 GBP MPC Official Bank Rate Votes 0--5--4 0--8--1 0--3--6
    12:30 USD Initial Jobless Claims (Aug 1) 226K 220K 218K 219K
    12:30 USD Nonfarm Productivity Q2 P 2.40% 1.90% -1.50%
    12:30 USD Unit Labor Costs Q2 P 1.60% 1.40% 6.60%
    14:00 USD Wholesale Inventories Jun F 0.10% 0.20% 0.20%
    14:00 CAD Ivey PMI Jul 55.8 55.2 53.3
    14:30 USD Natural Gas Storage 7B 10B 48B
    GMT Ccy Events
    01:30 AUD Trade Balance (AUD) Jun
        Actual: 5.37B Forecast: 3.25B
        Previous: 2.24B Revised: 1.60B
    03:00 CNY Trade Balance (USD) Jul
        Actual: 98.2B Forecast: 107.9B
        Previous: 114.8B Revised:
    03:00 NZD RBNZ Inflation Expectations Q3
        Actual: 2.28% Forecast:
        Previous: 2.29% Revised:
    05:00 JPY Leading Economic Index Jun P
        Actual: 106.1 Forecast: 106
        Previous: 104.8 Revised:
    06:00 EUR Germany Industrial Production M/M Jun
        Actual: -1.90% Forecast: -0.60%
        Previous: 1.20% Revised: -0.10%
    06:00 EUR Germany Trade Balance (EUR) Jun
        Actual: 14.9B Forecast: 18.3B
        Previous: 18.4B Revised: 18.5B
    06:45 EUR France Trade Balance (EUR) Jun
        Actual: -7.6B Forecast: -7.5B
        Previous: -7.8B Revised: -7.6B
    07:00 CHF Foreign Currency Reserves (CHF) Jul
        Actual: 716B Forecast:
        Previous: 713B Revised:
    07:00 CHF Unemployment Rate Jul
        Actual: 2.90% Forecast: 2.90%
        Previous: 2.90% Revised:
    08:00 EUR ECB Economic Bulletin
        Actual: Forecast:
        Previous: Revised:
    11:00 GBP BoE Interest Rate Decision
        Actual: 4.00% Forecast: 4.00%
        Previous: 4.25% Revised:
    11:00 GBP MPC Official Bank Rate Votes
        Actual: 0--5--4 Forecast: 0--8--1
        Previous: 0--3--6 Revised:
    12:30 USD Initial Jobless Claims (Aug 1)
        Actual: 226K Forecast: 220K
        Previous: 218K Revised: 219K
    12:30 USD Nonfarm Productivity Q2 P
        Actual: 2.40% Forecast: 1.90%
        Previous: -1.50% Revised:
    12:30 USD Unit Labor Costs Q2 P
        Actual: 1.60% Forecast: 1.40%
        Previous: 6.60% Revised:
    14:00 USD Wholesale Inventories Jun F
        Actual: 0.10% Forecast: 0.20%
        Previous: 0.20% Revised:
    14:00 CAD Ivey PMI Jul
        Actual: 55.8 Forecast: 55.2
        Previous: 53.3 Revised:
    14:30 USD Natural Gas Storage
        Actual: 7B Forecast: 10B
        Previous: 48B Revised:

    Eco Data 8/6/25

    GMT Ccy Events Actual Consensus Previous Revised
    22:45 NZD Employment Change Q2 -0.10% -0.10% 0.10% 0.00%
    22:45 NZD Unemployment Rate Q2 5.20% 5.30% 5.10%
    22:45 NZD Labour Cost Index Q/Q Q2 0.60% 0.50% 0.40%
    23:30 JPY Labor Cash Earnings Y/Y Jun 2.50% 3.20% 1.40%
    06:00 EUR Germany Factory Orders M/M Jun -1.00% 1.00% -1.40% -0.80%
    08:30 GBP Construction PMI Jul 44.3 49.2 48.8
    09:00 EUR Eurozone Retail Sales M/M Jun 0.30% 0.40% -0.70% -0.30%
    14:30 USD Crude Oil Inventories -3.0M 0.2M 7.7M
    GMT Ccy Events
    22:45 NZD Employment Change Q2
        Actual: -0.10% Forecast: -0.10%
        Previous: 0.10% Revised: 0.00%
    22:45 NZD Unemployment Rate Q2
        Actual: 5.20% Forecast: 5.30%
        Previous: 5.10% Revised:
    22:45 NZD Labour Cost Index Q/Q Q2
        Actual: 0.60% Forecast: 0.50%
        Previous: 0.40% Revised:
    23:30 JPY Labor Cash Earnings Y/Y Jun
        Actual: 2.50% Forecast: 3.20%
        Previous: 1.40% Revised:
    06:00 EUR Germany Factory Orders M/M Jun
        Actual: -1.00% Forecast: 1.00%
        Previous: -1.40% Revised: -0.80%
    08:30 GBP Construction PMI Jul
        Actual: 44.3 Forecast: 49.2
        Previous: 48.8 Revised:
    09:00 EUR Eurozone Retail Sales M/M Jun
        Actual: 0.30% Forecast: 0.40%
        Previous: -0.70% Revised: -0.30%
    14:30 USD Crude Oil Inventories
        Actual: -3.0M Forecast: 0.2M
        Previous: 7.7M Revised:

    Eco Data 8/5/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:50 JPY BoJ Minutes
    00:30 JPY Services PMI Jul F 53.6 53.5 53.5
    01:45 CNY Caixin Services PMI Jul 52.6 50.4 50.6
    06:45 EUR France Industrial Output M/M Jun 3.80% 0.80% -0.50% -0.70%
    07:50 EUR France Services PMI Jul F 48.5 49.7 49.7
    07:55 EUR Germany Services PMI Jul F 50.6 50.1 50.1
    08:00 EUR Eurozone Services PMI Jul F 51 51.2 51.2
    08:30 GBP Services PMI Jul F 51.8 51.2 51.2
    09:00 EUR Eurozone PPI M/M Jun 0.80% 0.90% -0.60%
    09:00 EUR Eurozone PPI Y/Y Jun 0.60% 0.50% 0.30%
    12:30 CAD Trade Balance (CAD) Jun -5.9B -5.8B -5.9B -5.5B
    12:30 USD Trade Balance (USD) Jun -60.2B -62.6B -71.5B -71.7B
    13:45 USD Services PMI Jul F 55.7 55.2 55.2
    14:00 USD ISM Services PMI Jul 50.1 51.5 50.8
    GMT Ccy Events
    23:50 JPY BoJ Minutes
        Actual: Forecast:
        Previous: Revised:
    00:30 JPY Services PMI Jul F
        Actual: 53.6 Forecast: 53.5
        Previous: 53.5 Revised:
    01:45 CNY Caixin Services PMI Jul
        Actual: 52.6 Forecast: 50.4
        Previous: 50.6 Revised:
    06:45 EUR France Industrial Output M/M Jun
        Actual: 3.80% Forecast: 0.80%
        Previous: -0.50% Revised: -0.70%
    07:50 EUR France Services PMI Jul F
        Actual: 48.5 Forecast: 49.7
        Previous: 49.7 Revised:
    07:55 EUR Germany Services PMI Jul F
        Actual: 50.6 Forecast: 50.1
        Previous: 50.1 Revised:
    08:00 EUR Eurozone Services PMI Jul F
        Actual: 51 Forecast: 51.2
        Previous: 51.2 Revised:
    08:30 GBP Services PMI Jul F
        Actual: 51.8 Forecast: 51.2
        Previous: 51.2 Revised:
    09:00 EUR Eurozone PPI M/M Jun
        Actual: 0.80% Forecast: 0.90%
        Previous: -0.60% Revised:
    09:00 EUR Eurozone PPI Y/Y Jun
        Actual: 0.60% Forecast: 0.50%
        Previous: 0.30% Revised:
    12:30 CAD Trade Balance (CAD) Jun
        Actual: -5.9B Forecast: -5.8B
        Previous: -5.9B Revised: -5.5B
    12:30 USD Trade Balance (USD) Jun
        Actual: -60.2B Forecast: -62.6B
        Previous: -71.5B Revised: -71.7B
    13:45 USD Services PMI Jul F
        Actual: 55.7 Forecast: 55.2
        Previous: 55.2 Revised:
    14:00 USD ISM Services PMI Jul
        Actual: 50.1 Forecast: 51.5
        Previous: 50.8 Revised:

    Eco Data 8/4/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:50 JPY Monetary Base Y/Y Jul -3.90% -2.80% -3.50%
    01:00 AUD TD-MI Inflation Gauge M/M Jul 0.90% 0.10%
    06:30 CHF CPI M/M Jul 0.00% -0.20% 0.20%
    06:30 CHF CPI Y/Y Jul 0.20% 0.10% 0.10%
    07:30 CHF Manufacturing PMI Jul 48.8 49.9 49.6
    08:30 EUR Eurozone Sentix Investor Confidence Aug -3.7 6.2 4.5
    14:00 USD Factory Orders M/M Jun -4.80% -5.20% 8.20% 8.30%
    GMT Ccy Events
    23:50 JPY Monetary Base Y/Y Jul
        Actual: -3.90% Forecast: -2.80%
        Previous: -3.50% Revised:
    01:00 AUD TD-MI Inflation Gauge M/M Jul
        Actual: 0.90% Forecast:
        Previous: 0.10% Revised:
    06:30 CHF CPI M/M Jul
        Actual: 0.00% Forecast: -0.20%
        Previous: 0.20% Revised:
    06:30 CHF CPI Y/Y Jul
        Actual: 0.20% Forecast: 0.10%
        Previous: 0.10% Revised:
    07:30 CHF Manufacturing PMI Jul
        Actual: 48.8 Forecast: 49.9
        Previous: 49.6 Revised:
    08:30 EUR Eurozone Sentix Investor Confidence Aug
        Actual: -3.7 Forecast: 6.2
        Previous: 4.5 Revised:
    14:00 USD Factory Orders M/M Jun
        Actual: -4.80% Forecast: -5.20%
        Previous: 8.20% Revised: 8.30%

    Summary 8/4 – 8/8

    Monday, Aug 4, 2025

    GMT Ccy Events Consensus Previous
    23:50 JPY Monetary Base Y/Y Jul -2.80% -3.50%
    01:00 AUD TD-MI Inflation Gauge M/M Jul 0.10%
    06:30 CHF CPI M/M Jul -0.20% 0.20%
    06:30 CHF CPI Y/Y Jul 0.10% 0.10%
    07:30 CHF Manufacturing PMI Jul 49.9 49.6
    08:30 EUR Eurozone Sentix Investor Confidence Aug 6.2 4.5
    14:00 USD Factory Orders M/M Jun -5.20% 8.20%
    23:50 JPY BoJ Minutes
    GMT Ccy Events
    23:50 JPY Monetary Base Y/Y Jul
        Forecast: -2.80% Previous: -3.50%
    01:00 AUD TD-MI Inflation Gauge M/M Jul
        Forecast: Previous: 0.10%
    06:30 CHF CPI M/M Jul
        Forecast: -0.20% Previous: 0.20%
    06:30 CHF CPI Y/Y Jul
        Forecast: 0.10% Previous: 0.10%
    07:30 CHF Manufacturing PMI Jul
        Forecast: 49.9 Previous: 49.6
    08:30 EUR Eurozone Sentix Investor Confidence Aug
        Forecast: 6.2 Previous: 4.5
    14:00 USD Factory Orders M/M Jun
        Forecast: -5.20% Previous: 8.20%
    23:50 JPY BoJ Minutes
        Forecast: Previous:

    Tuesday, Aug 5, 2025

    GMT Ccy Events Consensus Previous
    00:30 JPY Services PMI Jul F 53.5 53.5
    01:45 CNY Caixin Services PMI Jul 50.4 50.6
    06:45 EUR France Industrial Output M/M Jun 0.80% -0.50%
    07:50 EUR France Services PMI Jul F 49.7 49.7
    07:55 EUR Germany Services PMI Jul F 50.1 50.1
    08:00 EUR Eurozone Services PMI Jul F 51.2 51.2
    08:30 GBP Services PMI Jul F 51.2 51.2
    09:00 EUR Eurozone PPI M/M Jun 0.90% -0.60%
    09:00 EUR Eurozone PPI Y/Y Jun 0.30%
    12:30 CAD Trade Balance (CAD) Jun -5.8B -5.9B
    12:30 USD Trade Balance (USD) Jun -62.6B -71.5B
    13:45 USD Services PMI Jul F 55.2 55.2
    14:00 USD ISM Services PMI Jul 51.5 50.8
    22:45 NZD Employment Change Q2 -0.10% 0.10%
    22:45 NZD Unemployment Rate Q2 5.30% 5.10%
    22:45 NZD Labour Cost Index Q/Q Q2 0.50% 0.40%
    23:30 JPY Labor Cash Earnings Y/Y Jun 3.20% 1.40%
    GMT Ccy Events
    00:30 JPY Services PMI Jul F
        Forecast: 53.5 Previous: 53.5
    01:45 CNY Caixin Services PMI Jul
        Forecast: 50.4 Previous: 50.6
    06:45 EUR France Industrial Output M/M Jun
        Forecast: 0.80% Previous: -0.50%
    07:50 EUR France Services PMI Jul F
        Forecast: 49.7 Previous: 49.7
    07:55 EUR Germany Services PMI Jul F
        Forecast: 50.1 Previous: 50.1
    08:00 EUR Eurozone Services PMI Jul F
        Forecast: 51.2 Previous: 51.2
    08:30 GBP Services PMI Jul F
        Forecast: 51.2 Previous: 51.2
    09:00 EUR Eurozone PPI M/M Jun
        Forecast: 0.90% Previous: -0.60%
    09:00 EUR Eurozone PPI Y/Y Jun
        Forecast: Previous: 0.30%
    12:30 CAD Trade Balance (CAD) Jun
        Forecast: -5.8B Previous: -5.9B
    12:30 USD Trade Balance (USD) Jun
        Forecast: -62.6B Previous: -71.5B
    13:45 USD Services PMI Jul F
        Forecast: 55.2 Previous: 55.2
    14:00 USD ISM Services PMI Jul
        Forecast: 51.5 Previous: 50.8
    22:45 NZD Employment Change Q2
        Forecast: -0.10% Previous: 0.10%
    22:45 NZD Unemployment Rate Q2
        Forecast: 5.30% Previous: 5.10%
    22:45 NZD Labour Cost Index Q/Q Q2
        Forecast: 0.50% Previous: 0.40%
    23:30 JPY Labor Cash Earnings Y/Y Jun
        Forecast: 3.20% Previous: 1.40%

    Wednesday, Aug 6, 2025

    GMT Ccy Events Consensus Previous
    06:00 EUR Germany Factory Orders M/M Jun 1.00% -1.40%
    08:30 GBP Construction PMI Jul 49.2 48.8
    09:00 EUR Eurozone Retail Sales M/M Jun 0.40% -0.70%
    14:30 USD Crude Oil Inventories 7.7M
    GMT Ccy Events
    06:00 EUR Germany Factory Orders M/M Jun
        Forecast: 1.00% Previous: -1.40%
    08:30 GBP Construction PMI Jul
        Forecast: 49.2 Previous: 48.8
    09:00 EUR Eurozone Retail Sales M/M Jun
        Forecast: 0.40% Previous: -0.70%
    14:30 USD Crude Oil Inventories
        Forecast: Previous: 7.7M

    Thursday, Aug 7, 2025

    GMT Ccy Events Consensus Previous
    01:30 AUD Trade Balance (AUD) Jun 3.25B 2.24B
    03:00 CNY Trade Balance (USD) Jul 107.9B 114.8B
    03:00 NZD RBNZ Inflation Expectations Q3 2.29%
    05:00 JPY Leading Economic Index Jun P 104.8
    06:00 EUR Germany Industrial Production M/M Jun -0.60% 1.20%
    06:00 EUR Germany Trade Balance (EUR) Jun 18.3B 18.4B
    06:45 EUR France Trade Balance (EUR) Jun -7.5B -7.8B
    07:00 CHF Foreign Currency Reserves (CHF) Jul 713B
    07:00 CHF Unemployment Rate Jul 2.90% 2.90%
    08:00 EUR ECB Economic Bulletin
    11:00 GBP BoE Interest Rate Decision 4.00% 4.25%
    11:00 GBP MPC Official Bank Rate Votes 0--8--1 0--3--6
    12:30 USD Initial Jobless Claims (Aug 1) 220K 218K
    12:30 USD Nonfarm Productivity Q2 P 1.90% -1.50%
    12:30 USD Unit Labor Costs Q2 P 1.40% 6.60%
    14:00 USD Wholesale Inventories Jun F 0.20% 0.20%
    14:00 CAD Ivey PMI Jul 55.2 53.3
    14:30 USD Natural Gas Storage 48B
    23:30 JPY Household Spending Y/Y Jun 2.80% 4.70%
    23:50 JPY Bank Lending Y/Y Jul 2.70% 2.80%
    23:50 JPY BoJ Summary of Opinions
    23:50 JPY Current Account (JPY)) Jun 2.76T 2.82T
    GMT Ccy Events
    01:30 AUD Trade Balance (AUD) Jun
        Forecast: 3.25B Previous: 2.24B
    03:00 CNY Trade Balance (USD) Jul
        Forecast: 107.9B Previous: 114.8B
    03:00 NZD RBNZ Inflation Expectations Q3
        Forecast: Previous: 2.29%
    05:00 JPY Leading Economic Index Jun P
        Forecast: Previous: 104.8
    06:00 EUR Germany Industrial Production M/M Jun
        Forecast: -0.60% Previous: 1.20%
    06:00 EUR Germany Trade Balance (EUR) Jun
        Forecast: 18.3B Previous: 18.4B
    06:45 EUR France Trade Balance (EUR) Jun
        Forecast: -7.5B Previous: -7.8B
    07:00 CHF Foreign Currency Reserves (CHF) Jul
        Forecast: Previous: 713B
    07:00 CHF Unemployment Rate Jul
        Forecast: 2.90% Previous: 2.90%
    08:00 EUR ECB Economic Bulletin
        Forecast: Previous:
    11:00 GBP BoE Interest Rate Decision
        Forecast: 4.00% Previous: 4.25%
    11:00 GBP MPC Official Bank Rate Votes
        Forecast: 0--8--1 Previous: 0--3--6
    12:30 USD Initial Jobless Claims (Aug 1)
        Forecast: 220K Previous: 218K
    12:30 USD Nonfarm Productivity Q2 P
        Forecast: 1.90% Previous: -1.50%
    12:30 USD Unit Labor Costs Q2 P
        Forecast: 1.40% Previous: 6.60%
    14:00 USD Wholesale Inventories Jun F
        Forecast: 0.20% Previous: 0.20%
    14:00 CAD Ivey PMI Jul
        Forecast: 55.2 Previous: 53.3
    14:30 USD Natural Gas Storage
        Forecast: Previous: 48B
    23:30 JPY Household Spending Y/Y Jun
        Forecast: 2.80% Previous: 4.70%
    23:50 JPY Bank Lending Y/Y Jul
        Forecast: 2.70% Previous: 2.80%
    23:50 JPY BoJ Summary of Opinions
        Forecast: Previous:
    23:50 JPY Current Account (JPY)) Jun
        Forecast: 2.76T Previous: 2.82T

    Friday, Aug 8, 2025

    GMT Ccy Events Consensus Previous
    05:00 JPY Eco Watchers Survey: Current Jul 45.5 45
    07:00 CHF SECO Consumer Climate Q3 -30 -32
    12:30 CAD Net Change in Employment Jul 15.3K 83.1K
    12:30 CAD Unemployment Rate Jul 7.00% 6.90%
    GMT Ccy Events
    05:00 JPY Eco Watchers Survey: Current Jul
        Forecast: 45.5 Previous: 45
    07:00 CHF SECO Consumer Climate Q3
        Forecast: -30 Previous: -32
    12:30 CAD Net Change in Employment Jul
        Forecast: 15.3K Previous: 83.1K
    12:30 CAD Unemployment Rate Jul
        Forecast: 7.00% Previous: 6.90%

    Eco Data 8/1/25

    GMT Ccy Events Actual Consensus Previous Revised
    22:45 NZD Building Permits M/M Jun -6.40% 10.40% 10.30%
    23:30 JPY Unemployment Rate Jun 2.50% 2.50% 2.50%
    00:30 JPY Manufacturing PMI Jul F 48.9 48.8 48.8
    01:30 AUD PPI Q/Q Q2 0.70% 0.90% 0.90%
    01:30 AUD PPI Y/Y Q2 3.40% 3.70%
    01:45 CNY Caixin Manufacturing PMI Jul 49.5 50.2 50.4
    07:50 EUR France Manufacturing PMI Jul F 48.2 48.4 48.4
    07:55 EUR Germany Manufacturing PMI Jul F 49.1 49.2 49.2
    08:00 EUR Eurozone Manufacturing PMI Jul F 49.8 49.8 49.8
    08:30 GBP Manufacturing PMI Jul 48 48.2 48.2
    09:00 EUR Eurozone CPI Y/Y Jul P 2.00% 1.90% 2.00%
    09:00 EUR Eurozone CPI Core Y/Y Jul P 2.30% 2.30% 2.30%
    12:30 USD Nonfarm Payrolls Jul 73K 102K 147K 14K
    12:30 USD Unemployment Rate Jul 4.20% 4.20% 4.10%
    12:30 USD Average Hourly Earnings M/M Jul 0.30% 0.30% 0.20%
    13:30 CAD Manufacturing PMI Jul 46.1 45.6
    13:45 USD Manufacturing PMI Jul F 49.8 49.5 49.5
    14:00 USD ISM Manufacturing PMI Jul 48 49.6 49
    14:00 USD ISM Manufacturing Prices Paid Jul 64.8 66.5 69.7
    14:00 USD ISM Manufacturing Employment Index Jul 43.4 45
    14:00 USD UoM Consumer Sentiment Jul F 61.7 61.8 61.8
    14:00 USD UoM 1-year Inflation Expectations Jul F 4.50% 4.40%
    GMT Ccy Events
    22:45 NZD Building Permits M/M Jun
        Actual: -6.40% Forecast:
        Previous: 10.40% Revised: 10.30%
    23:30 JPY Unemployment Rate Jun
        Actual: 2.50% Forecast: 2.50%
        Previous: 2.50% Revised:
    00:30 JPY Manufacturing PMI Jul F
        Actual: 48.9 Forecast: 48.8
        Previous: 48.8 Revised:
    01:30 AUD PPI Q/Q Q2
        Actual: 0.70% Forecast: 0.90%
        Previous: 0.90% Revised:
    01:30 AUD PPI Y/Y Q2
        Actual: 3.40% Forecast:
        Previous: 3.70% Revised:
    01:45 CNY Caixin Manufacturing PMI Jul
        Actual: 49.5 Forecast: 50.2
        Previous: 50.4 Revised:
    07:50 EUR France Manufacturing PMI Jul F
        Actual: 48.2 Forecast: 48.4
        Previous: 48.4 Revised:
    07:55 EUR Germany Manufacturing PMI Jul F
        Actual: 49.1 Forecast: 49.2
        Previous: 49.2 Revised:
    08:00 EUR Eurozone Manufacturing PMI Jul F
        Actual: 49.8 Forecast: 49.8
        Previous: 49.8 Revised:
    08:30 GBP Manufacturing PMI Jul
        Actual: 48 Forecast: 48.2
        Previous: 48.2 Revised:
    09:00 EUR Eurozone CPI Y/Y Jul P
        Actual: 2.00% Forecast: 1.90%
        Previous: 2.00% Revised:
    09:00 EUR Eurozone CPI Core Y/Y Jul P
        Actual: 2.30% Forecast: 2.30%
        Previous: 2.30% Revised:
    12:30 USD Nonfarm Payrolls Jul
        Actual: 73K Forecast: 102K
        Previous: 147K Revised: 14K
    12:30 USD Unemployment Rate Jul
        Actual: 4.20% Forecast: 4.20%
        Previous: 4.10% Revised:
    12:30 USD Average Hourly Earnings M/M Jul
        Actual: 0.30% Forecast: 0.30%
        Previous: 0.20% Revised:
    13:30 CAD Manufacturing PMI Jul
        Actual: 46.1 Forecast:
        Previous: 45.6 Revised:
    13:45 USD Manufacturing PMI Jul F
        Actual: 49.8 Forecast: 49.5
        Previous: 49.5 Revised:
    14:00 USD ISM Manufacturing PMI Jul
        Actual: 48 Forecast: 49.6
        Previous: 49 Revised:
    14:00 USD ISM Manufacturing Prices Paid Jul
        Actual: 64.8 Forecast: 66.5
        Previous: 69.7 Revised:
    14:00 USD ISM Manufacturing Employment Index Jul
        Actual: 43.4 Forecast:
        Previous: 45 Revised:
    14:00 USD UoM Consumer Sentiment Jul F
        Actual: 61.7 Forecast: 61.8
        Previous: 61.8 Revised:
    14:00 USD UoM 1-year Inflation Expectations Jul F
        Actual: 4.50% Forecast:
        Previous: 4.40% Revised:

    Eco Data 7/31/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:50 JPY Industrial Production M/M Jun P 1.70% -0.70% -0.10%
    23:50 JPY Retail Trade Y/Y Jun 2.00% 1.80% 1.90%
    01:30 AUD Retail Sales M/M Jun 1.20% 0.40% 0.20% 0.50%
    01:30 AUD Private Sector Credit M/M Jun 0.60% 0.50% 0.50% 0.60%
    01:30 AUD Import Price Index Q/Q Q2 -0.80% -0.30% 3.30%
    01:30 AUD Building Permits M/M Jun 11.90% 1.90% 3.20% 2.20%
    01:30 CNY NBS Manufacturing PMI Jul 49.3 49.7 49.7
    01:30 CNY NBS Non-Manufacturing PMI Jul 50.1 50.3 50.5
    02:57 JPY BoJ Interest Rate Decision 0.50% 0.50% 0.50%
    05:00 JPY Housing Starts Y/Y Jun -15.60% -16.30% -34.40%
    05:00 JPY Consumer Confidence Index Jul 33.7 35.2 34.5
    06:00 EUR Germany Import Price Index M/M Jun 0.00% -0.20% -0.70%
    06:30 CHF Real Retail Sales Y/Y Jun 3.80% 0.20% 0.00% 0.30%
    07:55 EUR Germany Unemployment Change Jun 2K 15K 11K
    07:55 EUR Germany Unemployment Rate Jun 6.30% 6.40% 6.30%
    09:00 EUR Eurozone Unemployment Rate Jun 6.20% 6.30% 6.30% 6.20%
    12:00 EUR Germany CPI M/M Jul P 0.30% 0.20% 0.00%
    12:00 EUR Germany CPI Y/Y Jul P 2.00% 1.80% 2.00%
    12:30 CAD GDP M/M May -0.10% -0.10% -0.10%
    12:30 USD Initial Jobless Claims (Jul 25) 218K 220K 217K
    12:30 USD Personal Income M/M Jun 0.30% 0.20% -0.40%
    12:30 USD Personal Spending Jun 0.30% 0.40% -0.10% 0.00%
    12:30 USD PCE Price Index M/M Jun 0.30% 0.30% 0.10% 0.20%
    12:30 USD PCE Price Index Y/Y Jun 2.60% 2.50% 2.30% 2.40%
    12:30 USD Core PCE Price Index M/M Jun 0.30% 0.30% 0.20%
    12:30 USD Core PCE Price Index Y/Y Jun 2.80% 2.70% 2.70% 2.80%
    12:30 USD Employment Cost Index Q2 0.90% 0.80% 0.90%
    13:45 USD Chicago PMI Jul 47.1 41.2 40.4
    14:30 USD Natural Gas Storage 48B 37B 23B
    GMT Ccy Events
    23:50 JPY Industrial Production M/M Jun P
        Actual: 1.70% Forecast: -0.70%
        Previous: -0.10% Revised:
    23:50 JPY Retail Trade Y/Y Jun
        Actual: 2.00% Forecast: 1.80%
        Previous: 1.90% Revised:
    01:30 AUD Retail Sales M/M Jun
        Actual: 1.20% Forecast: 0.40%
        Previous: 0.20% Revised: 0.50%
    01:30 AUD Private Sector Credit M/M Jun
        Actual: 0.60% Forecast: 0.50%
        Previous: 0.50% Revised: 0.60%
    01:30 AUD Import Price Index Q/Q Q2
        Actual: -0.80% Forecast: -0.30%
        Previous: 3.30% Revised:
    01:30 AUD Building Permits M/M Jun
        Actual: 11.90% Forecast: 1.90%
        Previous: 3.20% Revised: 2.20%
    01:30 CNY NBS Manufacturing PMI Jul
        Actual: 49.3 Forecast: 49.7
        Previous: 49.7 Revised:
    01:30 CNY NBS Non-Manufacturing PMI Jul
        Actual: 50.1 Forecast: 50.3
        Previous: 50.5 Revised:
    02:57 JPY BoJ Interest Rate Decision
        Actual: 0.50% Forecast: 0.50%
        Previous: 0.50% Revised:
    05:00 JPY Housing Starts Y/Y Jun
        Actual: -15.60% Forecast: -16.30%
        Previous: -34.40% Revised:
    05:00 JPY Consumer Confidence Index Jul
        Actual: 33.7 Forecast: 35.2
        Previous: 34.5 Revised:
    06:00 EUR Germany Import Price Index M/M Jun
        Actual: 0.00% Forecast: -0.20%
        Previous: -0.70% Revised:
    06:30 CHF Real Retail Sales Y/Y Jun
        Actual: 3.80% Forecast: 0.20%
        Previous: 0.00% Revised: 0.30%
    07:55 EUR Germany Unemployment Change Jun
        Actual: 2K Forecast: 15K
        Previous: 11K Revised:
    07:55 EUR Germany Unemployment Rate Jun
        Actual: 6.30% Forecast: 6.40%
        Previous: 6.30% Revised:
    09:00 EUR Eurozone Unemployment Rate Jun
        Actual: 6.20% Forecast: 6.30%
        Previous: 6.30% Revised: 6.20%
    12:00 EUR Germany CPI M/M Jul P
        Actual: 0.30% Forecast: 0.20%
        Previous: 0.00% Revised:
    12:00 EUR Germany CPI Y/Y Jul P
        Actual: 2.00% Forecast: 1.80%
        Previous: 2.00% Revised:
    12:30 CAD GDP M/M May
        Actual: -0.10% Forecast: -0.10%
        Previous: -0.10% Revised:
    12:30 USD Initial Jobless Claims (Jul 25)
        Actual: 218K Forecast: 220K
        Previous: 217K Revised:
    12:30 USD Personal Income M/M Jun
        Actual: 0.30% Forecast: 0.20%
        Previous: -0.40% Revised:
    12:30 USD Personal Spending Jun
        Actual: 0.30% Forecast: 0.40%
        Previous: -0.10% Revised: 0.00%
    12:30 USD PCE Price Index M/M Jun
        Actual: 0.30% Forecast: 0.30%
        Previous: 0.10% Revised: 0.20%
    12:30 USD PCE Price Index Y/Y Jun
        Actual: 2.60% Forecast: 2.50%
        Previous: 2.30% Revised: 2.40%
    12:30 USD Core PCE Price Index M/M Jun
        Actual: 0.30% Forecast: 0.30%
        Previous: 0.20% Revised:
    12:30 USD Core PCE Price Index Y/Y Jun
        Actual: 2.80% Forecast: 2.70%
        Previous: 2.70% Revised: 2.80%
    12:30 USD Employment Cost Index Q2
        Actual: 0.90% Forecast: 0.80%
        Previous: 0.90% Revised:
    13:45 USD Chicago PMI Jul
        Actual: 47.1 Forecast: 41.2
        Previous: 40.4 Revised:
    14:30 USD Natural Gas Storage
        Actual: 48B Forecast: 37B
        Previous: 23B Revised:
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