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    Economic Calendar

    Summary 9/29 – 10/3

    Monday, Sep 29, 2025

    GMT Ccy Events Consensus Previous
    08:30 GBP M4 Money Supply M/M Aug 0.20% 0.10%
    08:30 GBP Mortgage Approvals Aug 65K 65K
    09:00 EUR Eurozone Economic Sentiment Indicator Sep 95.2
    09:00 EUR Eurozone Industrial Confidence Sep -10.3
    09:00 EUR Eurozone Services Sentiment Sep 3.6
    09:00 EUR Eurozone Consumer Confidence Sep F -14.9 -14.9
    14:00 USD Pending Homeles M/M Aug 0.10% -0.40%
    23:50 JPY BoJ Summary of Opinions
    23:50 JPY Industrial Production M/M Aug P -0.80% -1.20%
    23:50 JPY Retail Trade Y/Y Aug 1.00% 0.30%
    GMT Ccy Events
    08:30 GBP M4 Money Supply M/M Aug
        Forecast: 0.20% Previous: 0.10%
    08:30 GBP Mortgage Approvals Aug
        Forecast: 65K Previous: 65K
    09:00 EUR Eurozone Economic Sentiment Indicator Sep
        Forecast: Previous: 95.2
    09:00 EUR Eurozone Industrial Confidence Sep
        Forecast: Previous: -10.3
    09:00 EUR Eurozone Services Sentiment Sep
        Forecast: Previous: 3.6
    09:00 EUR Eurozone Consumer Confidence Sep F
        Forecast: -14.9 Previous: -14.9
    14:00 USD Pending Homeles M/M Aug
        Forecast: 0.10% Previous: -0.40%
    23:50 JPY BoJ Summary of Opinions
        Forecast: Previous:
    23:50 JPY Industrial Production M/M Aug P
        Forecast: -0.80% Previous: -1.20%
    23:50 JPY Retail Trade Y/Y Aug
        Forecast: 1.00% Previous: 0.30%

    Tuesday, Sep 30, 2025

    GMT Ccy Events Consensus Previous
    00:00 NZD ANZ Business Confidence Sep 49.7
    00:00 NZD ANZ Activity Outlook Sep 38.7
    01:30 AUD Building Permits M/M Aug 2.70% -8.20%
    01:30 AUD Private Sector Credit M/M Aug 0.60% 0.70%
    01:30 CNY NBS Manufacturing PMI Sep 49.6 49.4
    01:30 CNY NBS Non-Manufacturing PMI Sep 50.3 50.3
    01:45 CNY RatingDog Manufacturing PMI Sep 50.3 50.5
    01:45 CNY RatingDog Services PMI Sep 52.3 53.0
    04:30 AUD RBA Interest Rate Decision 3.60% 3.60%
    05:00 JPY Housing Starts Y/Y Aug -4.80% -9.70%
    05:00 JPY Construction Orders Y/Y Aug -19%
    05:30 AUD RBA Press Conference
    06:00 EUR Germany Import Price Index M/M Aug -0.20% -0.40%
    06:00 EUR Germany Retail Sales M/M Aug 0.60% -1.50%
    06:00 GBP GDP Q/Q Q2 F 0.30% 0.30%
    06:00 GBP Current Account (GBP) Q2 -25.2B -23.5B
    06:45 EUR France Consumer Spending M/M Aug 0.30% -0.30%
    07:00 CHF KOF Economic Barometer Sep 97.3 97.4
    07:55 EUR Germany Unemployment Change Aug 9K -9K
    07:55 EUR Germany Unemployment RateAug 6.30% 6.30%
    12:00 EUR Germany CPI M/M Sep P 0.10% 0.10%
    12:00 EUR Germany CPI Y/Y Sep P 2.20% 2.20%
    13:00 USD Housing Price Index M/M Jul 0.10% -0.20%
    13:00 USD S&P/CS Composite-20 HPI Y/Y Jul 2.30% 2.10%
    13:45 USD Chicago PMI Sep 43.2 41.5
    14:00 USD Consumer Confidence Sep 95.9 97.4
    21:45 NZD Building Permits M/M Aug 5.40%
    23:50 JPY Tankan Large Manufacturing Index Q3 14 13
    23:50 JPY Tankan Large Manufacturing Outlook Q3 13 12
    23:50 JPY Tankan Non - Manufacturing Index Q3 33 34
    23:50 JPY Tankan Non - Manufacturing Outlook Q3 29 27
    23:50 JPY Tankan Large All Industry Capex Q3 11.50%
    GMT Ccy Events
    00:00 NZD ANZ Business Confidence Sep
        Forecast: Previous: 49.7
    00:00 NZD ANZ Activity Outlook Sep
        Forecast: Previous: 38.7
    01:30 AUD Building Permits M/M Aug
        Forecast: 2.70% Previous: -8.20%
    01:30 AUD Private Sector Credit M/M Aug
        Forecast: 0.60% Previous: 0.70%
    01:30 CNY NBS Manufacturing PMI Sep
        Forecast: 49.6 Previous: 49.4
    01:30 CNY NBS Non-Manufacturing PMI Sep
        Forecast: 50.3 Previous: 50.3
    01:45 CNY RatingDog Manufacturing PMI Sep
        Forecast: 50.3 Previous: 50.5
    01:45 CNY RatingDog Services PMI Sep
        Forecast: 52.3 Previous: 53.0
    04:30 AUD RBA Interest Rate Decision
        Forecast: 3.60% Previous: 3.60%
    05:00 JPY Housing Starts Y/Y Aug
        Forecast: -4.80% Previous: -9.70%
    05:00 JPY Construction Orders Y/Y Aug
        Forecast: Previous: -19%
    05:30 AUD RBA Press Conference
        Forecast: Previous:
    06:00 EUR Germany Import Price Index M/M Aug
        Forecast: -0.20% Previous: -0.40%
    06:00 EUR Germany Retail Sales M/M Aug
        Forecast: 0.60% Previous: -1.50%
    06:00 GBP GDP Q/Q Q2 F
        Forecast: 0.30% Previous: 0.30%
    06:00 GBP Current Account (GBP) Q2
        Forecast: -25.2B Previous: -23.5B
    06:45 EUR France Consumer Spending M/M Aug
        Forecast: 0.30% Previous: -0.30%
    07:00 CHF KOF Economic Barometer Sep
        Forecast: 97.3 Previous: 97.4
    07:55 EUR Germany Unemployment Change Aug
        Forecast: 9K Previous: -9K
    07:55 EUR Germany Unemployment RateAug
        Forecast: 6.30% Previous: 6.30%
    12:00 EUR Germany CPI M/M Sep P
        Forecast: 0.10% Previous: 0.10%
    12:00 EUR Germany CPI Y/Y Sep P
        Forecast: 2.20% Previous: 2.20%
    13:00 USD Housing Price Index M/M Jul
        Forecast: 0.10% Previous: -0.20%
    13:00 USD S&P/CS Composite-20 HPI Y/Y Jul
        Forecast: 2.30% Previous: 2.10%
    13:45 USD Chicago PMI Sep
        Forecast: 43.2 Previous: 41.5
    14:00 USD Consumer Confidence Sep
        Forecast: 95.9 Previous: 97.4
    21:45 NZD Building Permits M/M Aug
        Forecast: Previous: 5.40%
    23:50 JPY Tankan Large Manufacturing Index Q3
        Forecast: 14 Previous: 13
    23:50 JPY Tankan Large Manufacturing Outlook Q3
        Forecast: 13 Previous: 12
    23:50 JPY Tankan Non - Manufacturing Index Q3
        Forecast: 33 Previous: 34
    23:50 JPY Tankan Non - Manufacturing Outlook Q3
        Forecast: 29 Previous: 27
    23:50 JPY Tankan Large All Industry Capex Q3
        Forecast: Previous: 11.50%

    Wednesday, Oct 1, 2025

    GMT Ccy Events Consensus Previous
    00:30 JPY Manufacturing PMI Sep F 48.4 48.4
    06:30 CHF Real Retail Sales Y/Y Aug 0.50% 0.70%
    07:30 CHF Manufacturing PMI Sep 47.7 49
    07:50 EUR France Manufacturing PMI Sep F 48.1 48.1
    07:55 EUR Germany Manufacturing PMI Sep F 48.5 48.5
    08:00 EUR Eurozone Manufacturing PMI Sep F 49.5 49.5
    08:30 GBP Manufacturing PMI Sep F 46.2 46.2
    09:00 EUR Eurozone CPI Y/Y Sep P 2.20% 2.00%
    09:00 EUR Eurozone Core CPI Y/Y Sep P 2.30% 2.30%
    12:15 USD ADP Employment Change Sep 50K 54K
    13:30 CAD Manufacturing PMI Sep 48.3
    13:45 USD Manufacturing PMI Sep F 52 52
    14:00 USD ISM Manufacturing PMI Sep 49.2 48.7
    14:00 USD ISM Manufacturing Prices Paid Sep 64.5 63.7
    14:00 USD ISM Manufacturing Employment Index Sep 43.8
    14:00 USD Construction Spending M/M Aug -0.10% -0.10%
    14:30 USD Crude Oil Inventories (Sep 26) -0.6M
    17:30 CAD BoC Summary of Deliberations
    23:50 JPY Monetary Base Y/Y Sep -4.10%
    GMT Ccy Events
    00:30 JPY Manufacturing PMI Sep F
        Forecast: 48.4 Previous: 48.4
    06:30 CHF Real Retail Sales Y/Y Aug
        Forecast: 0.50% Previous: 0.70%
    07:30 CHF Manufacturing PMI Sep
        Forecast: 47.7 Previous: 49
    07:50 EUR France Manufacturing PMI Sep F
        Forecast: 48.1 Previous: 48.1
    07:55 EUR Germany Manufacturing PMI Sep F
        Forecast: 48.5 Previous: 48.5
    08:00 EUR Eurozone Manufacturing PMI Sep F
        Forecast: 49.5 Previous: 49.5
    08:30 GBP Manufacturing PMI Sep F
        Forecast: 46.2 Previous: 46.2
    09:00 EUR Eurozone CPI Y/Y Sep P
        Forecast: 2.20% Previous: 2.00%
    09:00 EUR Eurozone Core CPI Y/Y Sep P
        Forecast: 2.30% Previous: 2.30%
    12:15 USD ADP Employment Change Sep
        Forecast: 50K Previous: 54K
    13:30 CAD Manufacturing PMI Sep
        Forecast: Previous: 48.3
    13:45 USD Manufacturing PMI Sep F
        Forecast: 52 Previous: 52
    14:00 USD ISM Manufacturing PMI Sep
        Forecast: 49.2 Previous: 48.7
    14:00 USD ISM Manufacturing Prices Paid Sep
        Forecast: 64.5 Previous: 63.7
    14:00 USD ISM Manufacturing Employment Index Sep
        Forecast: Previous: 43.8
    14:00 USD Construction Spending M/M Aug
        Forecast: -0.10% Previous: -0.10%
    14:30 USD Crude Oil Inventories (Sep 26)
        Forecast: Previous: -0.6M
    17:30 CAD BoC Summary of Deliberations
        Forecast: Previous:
    23:50 JPY Monetary Base Y/Y Sep
        Forecast: Previous: -4.10%

    Thursday, Oct 2, 2025

    GMT Ccy Events Consensus Previous
    01:30 AUD Trade Balance (AUD) Aug 6.50B 7.31B
    05:00 JPY Consumer Confidence Index Sep 35.2 34.9
    06:30 CHF CPI M/M Sep 0.10% -0.10%
    06:30 CHF CPI Y/Y Sep 0.30% 0.20%
    09:00 EUR Eurozone Unemployment Rate Aug 6.20% 6.20%
    11:30 USD Challenger Job Cuts Y/Y Sep 13.30%
    12:30 USD Initial Jobless Claims (Sep 26) 215K 218K
    14:00 USD Factory Orders M/M Aug 0.10% -1.30%
    14:30 USD Natural Gas Storage (Sep 26) 75B
    23:30 JPY Unemployment Rate Aug 2.40% 2.30%
    GMT Ccy Events
    01:30 AUD Trade Balance (AUD) Aug
        Forecast: 6.50B Previous: 7.31B
    05:00 JPY Consumer Confidence Index Sep
        Forecast: 35.2 Previous: 34.9
    06:30 CHF CPI M/M Sep
        Forecast: 0.10% Previous: -0.10%
    06:30 CHF CPI Y/Y Sep
        Forecast: 0.30% Previous: 0.20%
    09:00 EUR Eurozone Unemployment Rate Aug
        Forecast: 6.20% Previous: 6.20%
    11:30 USD Challenger Job Cuts Y/Y Sep
        Forecast: Previous: 13.30%
    12:30 USD Initial Jobless Claims (Sep 26)
        Forecast: 215K Previous: 218K
    14:00 USD Factory Orders M/M Aug
        Forecast: 0.10% Previous: -1.30%
    14:30 USD Natural Gas Storage (Sep 26)
        Forecast: Previous: 75B
    23:30 JPY Unemployment Rate Aug
        Forecast: 2.40% Previous: 2.30%

    Friday, Oct 3, 2025

    GMT Ccy Events Consensus Previous
    00:30 JPY Services PMI Sep F 53 53
    06:45 EUR France Industrial Output M/M Aug 0.30% -1.10%
    07:50 EUR France Services PMI Sep F 48.9 48.9
    07:55 EUR Germany Services PMI Sep F 52.5 52.5
    08:00 EUR Eurozone Services PMI Sep F 51.4 51.4
    08:30 GBP Services PMI Sep F 51.9 51.9
    09:00 EUR Eurozone PPI M/M Aug 0.00% 0.40%
    09:00 EUR Eurozone PPI Y/Y Aug 0.20%
    12:30 USD Nonfarm Payrolls Sep 50K 22K
    12:30 USD Unemployment Rate Sep 4.30% 4.30%
    12:30 USD Average Hourly Earnings M/M Sep 0.30% 0.30%
    13:45 USD Services PMI Sep F 53.9 53.9
    14:00 USD ISM Services PMI Sep 52 52
    GMT Ccy Events
    00:30 JPY Services PMI Sep F
        Forecast: 53 Previous: 53
    06:45 EUR France Industrial Output M/M Aug
        Forecast: 0.30% Previous: -1.10%
    07:50 EUR France Services PMI Sep F
        Forecast: 48.9 Previous: 48.9
    07:55 EUR Germany Services PMI Sep F
        Forecast: 52.5 Previous: 52.5
    08:00 EUR Eurozone Services PMI Sep F
        Forecast: 51.4 Previous: 51.4
    08:30 GBP Services PMI Sep F
        Forecast: 51.9 Previous: 51.9
    09:00 EUR Eurozone PPI M/M Aug
        Forecast: 0.00% Previous: 0.40%
    09:00 EUR Eurozone PPI Y/Y Aug
        Forecast: Previous: 0.20%
    12:30 USD Nonfarm Payrolls Sep
        Forecast: 50K Previous: 22K
    12:30 USD Unemployment Rate Sep
        Forecast: 4.30% Previous: 4.30%
    12:30 USD Average Hourly Earnings M/M Sep
        Forecast: 0.30% Previous: 0.30%
    13:45 USD Services PMI Sep F
        Forecast: 53.9 Previous: 53.9
    14:00 USD ISM Services PMI Sep
        Forecast: 52 Previous: 52

    Eco Data 9/26/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:30 JPY Tokyo CPI Y/Y Sep 2.50% 2.60% 2.50%
    23:30 JPY Tokyo CPI Core Y/Y Sep 2.50% 2.80% 2.50%
    23:30 JPY Tokyo CPI Core-Core Y/Y Sep 2.50% 3%
    12:30 CAD GDP M/M Jul 0.20% 0.10% -0.10%
    12:30 USD Personal Income M/M Aug 0.40% 0.30% 0.40%
    12:30 USD Personal Spending Aug 0.60% 0.50% 0.50%
    12:30 USD PCE Price Index M/M Aug 0.30% 0.30% 0.20%
    12:30 USD PCE Price Index Y/Y Aug 2.70% 2.70% 2.70% 2.60%
    12:30 USD Core PCE Price Index M/M Aug 0.20% 0.20% 0.30% 0.20%
    12:30 USD Core PCE Price Index Y/Y Aug 2.90% 2.90% 2.90%
    14:00 USD UoM Consumer Sentiment Sep F 55.1 55.4 55.4
    14:00 USD UoM 1-Yr Inflation Expectations Sep F 4.70% 4.80% 4.80%
    GMT Ccy Events
    23:30 JPY Tokyo CPI Y/Y Sep
        Actual: 2.50% Forecast:
        Previous: 2.60% Revised: 2.50%
    23:30 JPY Tokyo CPI Core Y/Y Sep
        Actual: 2.50% Forecast: 2.80%
        Previous: 2.50% Revised:
    23:30 JPY Tokyo CPI Core-Core Y/Y Sep
        Actual: 2.50% Forecast:
        Previous: 3% Revised:
    12:30 CAD GDP M/M Jul
        Actual: 0.20% Forecast: 0.10%
        Previous: -0.10% Revised:
    12:30 USD Personal Income M/M Aug
        Actual: 0.40% Forecast: 0.30%
        Previous: 0.40% Revised:
    12:30 USD Personal Spending Aug
        Actual: 0.60% Forecast: 0.50%
        Previous: 0.50% Revised:
    12:30 USD PCE Price Index M/M Aug
        Actual: 0.30% Forecast: 0.30%
        Previous: 0.20% Revised:
    12:30 USD PCE Price Index Y/Y Aug
        Actual: 2.70% Forecast: 2.70%
        Previous: 2.70% Revised: 2.60%
    12:30 USD Core PCE Price Index M/M Aug
        Actual: 0.20% Forecast: 0.20%
        Previous: 0.30% Revised: 0.20%
    12:30 USD Core PCE Price Index Y/Y Aug
        Actual: 2.90% Forecast: 2.90%
        Previous: 2.90% Revised:
    14:00 USD UoM Consumer Sentiment Sep F
        Actual: 55.1 Forecast: 55.4
        Previous: 55.4 Revised:
    14:00 USD UoM 1-Yr Inflation Expectations Sep F
        Actual: 4.70% Forecast: 4.80%
        Previous: 4.80% Revised:

    Eco Data 9/25/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:50 JPY BoJ Minutes
    23:50 JPY Corporate Service Price Index Y/Y Aug 2.70% 2.90% 2.90% 2.60%
    06:00 EUR Germany GfK Consumer Confidence Oct -22.3 -23.3 -23.6 -23.5
    07:30 CHF SNB Interest Rate Decision 0.00% 0.00% 0.00%
    08:00 CHF SNB Press Conference
    08:00 EUR Eurozone M3 Money Supply Y/Y Aug 2.90% 3.40% 3.40% 3.30%
    12:30 USD Initial Jobless Claims (Sep 19) 218K 240K 231K 232K
    12:30 USD GDP Annualized Q2 F 3.80% 3.30% 3.30%
    12:30 USD GDP Price Index Q2 F 2.10% 2% 2%
    12:30 USD Goods Trade Balance (USD) Aug P -85.5B -95.2B -103.9B -102.8B
    12:30 USD Wholele Inventories Aug P -0.20% 0.10% 0.10% 0.10%
    12:30 USD Durable Goods Orders Aug 2.90% -0.50% -2.80%
    12:30 USD Durable Goods Orders ex Transport Aug 0.40% -0.10% 1.00%
    14:00 USD Existing Home Sales Aug 4.00M 3.98M 4.01M
    14:30 USD Natural Gas Storage (Sep 19) 75B 76B 90B
    GMT Ccy Events
    23:50 JPY BoJ Minutes
        Actual: Forecast:
        Previous: Revised:
    23:50 JPY Corporate Service Price Index Y/Y Aug
        Actual: 2.70% Forecast: 2.90%
        Previous: 2.90% Revised: 2.60%
    06:00 EUR Germany GfK Consumer Confidence Oct
        Actual: -22.3 Forecast: -23.3
        Previous: -23.6 Revised: -23.5
    07:30 CHF SNB Interest Rate Decision
        Actual: 0.00% Forecast: 0.00%
        Previous: 0.00% Revised:
    08:00 CHF SNB Press Conference
        Actual: Forecast:
        Previous: Revised:
    08:00 EUR Eurozone M3 Money Supply Y/Y Aug
        Actual: 2.90% Forecast: 3.40%
        Previous: 3.40% Revised: 3.30%
    12:30 USD Initial Jobless Claims (Sep 19)
        Actual: 218K Forecast: 240K
        Previous: 231K Revised: 232K
    12:30 USD GDP Annualized Q2 F
        Actual: 3.80% Forecast: 3.30%
        Previous: 3.30% Revised:
    12:30 USD GDP Price Index Q2 F
        Actual: 2.10% Forecast: 2%
        Previous: 2% Revised:
    12:30 USD Goods Trade Balance (USD) Aug P
        Actual: -85.5B Forecast: -95.2B
        Previous: -103.9B Revised: -102.8B
    12:30 USD Wholele Inventories Aug P
        Actual: -0.20% Forecast: 0.10%
        Previous: 0.10% Revised: 0.10%
    12:30 USD Durable Goods Orders Aug
        Actual: 2.90% Forecast: -0.50%
        Previous: -2.80% Revised:
    12:30 USD Durable Goods Orders ex Transport Aug
        Actual: 0.40% Forecast: -0.10%
        Previous: 1.00% Revised:
    14:00 USD Existing Home Sales Aug
        Actual: 4.00M Forecast: 3.98M
        Previous: 4.01M Revised:
    14:30 USD Natural Gas Storage (Sep 19)
        Actual: 75B Forecast: 76B
        Previous: 90B Revised:

    Eco Data 9/24/25

    GMT Ccy Events Actual Consensus Previous Revised
    00:30 JPY Manufacturing PMI Sep P 48.4 50.2 49.7
    00:30 JPY Services PMI Sep P 53 53.1
    01:30 AUD Monthly CPI Y/Y Aug 3.00% 2.80% 2.80%
    08:00 CHF UBS Economic Expectations Sep -46.4 -53.8
    08:00 EUR Germany IFO Business Climate Sep 87.7 89.5 89
    08:00 EUR Germany IFO Current Assessment Sep 85.7 86.6 86.4
    08:00 EUR Germany IFO Expectations Sep 89.7 92 91.6
    14:00 USD New Home Sales M/M Aug 800K 650K 652K 664K
    14:30 USD Crude Oil Inventories (Sep 19) -0.6M 0.8M -9.3M
    GMT Ccy Events
    00:30 JPY Manufacturing PMI Sep P
        Actual: 48.4 Forecast: 50.2
        Previous: 49.7 Revised:
    00:30 JPY Services PMI Sep P
        Actual: 53 Forecast:
        Previous: 53.1 Revised:
    01:30 AUD Monthly CPI Y/Y Aug
        Actual: 3.00% Forecast: 2.80%
        Previous: 2.80% Revised:
    08:00 CHF UBS Economic Expectations Sep
        Actual: -46.4 Forecast:
        Previous: -53.8 Revised:
    08:00 EUR Germany IFO Business Climate Sep
        Actual: 87.7 Forecast: 89.5
        Previous: 89 Revised:
    08:00 EUR Germany IFO Current Assessment Sep
        Actual: 85.7 Forecast: 86.6
        Previous: 86.4 Revised:
    08:00 EUR Germany IFO Expectations Sep
        Actual: 89.7 Forecast: 92
        Previous: 91.6 Revised:
    14:00 USD New Home Sales M/M Aug
        Actual: 800K Forecast: 650K
        Previous: 652K Revised: 664K
    14:30 USD Crude Oil Inventories (Sep 19)
        Actual: -0.6M Forecast: 0.8M
        Previous: -9.3M Revised:

    Eco Data 9/23/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:00 AUD Manufacturing PMI Sep P 51.6 53
    23:00 AUD Services PMI Sep P 52 55.8
    07:15 EUR France Manufacturing PMI Sep P 48.1 50.5 50.4
    07:15 EUR France Services PMI Sep P 48.9 49.7 49.8
    07:30 EUR Germany Manufacturing PMI Sep P 48.5 50.1 49.8
    07:30 EUR Germany Services PMI Sep P 52.5 49.5 49.3
    08:00 EUR Eurozone Manufacturing PMI Sep P 49.5 50.8 50.7
    08:00 EUR Eurozone Services PMI Sep P 51.4 50.2 50.5
    08:30 GBP Manufacturing PMI Sep P 46.2 47.2 47
    08:30 GBP Services PMI Sep P 51.9 53.6 54.2
    12:30 CAD New Housing Price Index M/M Aug -0.30% 0.00% -0.10%
    12:30 USD Current Account (USD) Q2 -251B -270B -450.2B
    13:45 USD Manufacturing PMI Sep P 52 51.6 53
    13:45 USD Services PMI Sep P 53.9 53 54.5
    GMT Ccy Events
    23:00 AUD Manufacturing PMI Sep P
        Actual: 51.6 Forecast:
        Previous: 53 Revised:
    23:00 AUD Services PMI Sep P
        Actual: 52 Forecast:
        Previous: 55.8 Revised:
    07:15 EUR France Manufacturing PMI Sep P
        Actual: 48.1 Forecast: 50.5
        Previous: 50.4 Revised:
    07:15 EUR France Services PMI Sep P
        Actual: 48.9 Forecast: 49.7
        Previous: 49.8 Revised:
    07:30 EUR Germany Manufacturing PMI Sep P
        Actual: 48.5 Forecast: 50.1
        Previous: 49.8 Revised:
    07:30 EUR Germany Services PMI Sep P
        Actual: 52.5 Forecast: 49.5
        Previous: 49.3 Revised:
    08:00 EUR Eurozone Manufacturing PMI Sep P
        Actual: 49.5 Forecast: 50.8
        Previous: 50.7 Revised:
    08:00 EUR Eurozone Services PMI Sep P
        Actual: 51.4 Forecast: 50.2
        Previous: 50.5 Revised:
    08:30 GBP Manufacturing PMI Sep P
        Actual: 46.2 Forecast: 47.2
        Previous: 47 Revised:
    08:30 GBP Services PMI Sep P
        Actual: 51.9 Forecast: 53.6
        Previous: 54.2 Revised:
    12:30 CAD New Housing Price Index M/M Aug
        Actual: -0.30% Forecast: 0.00%
        Previous: -0.10% Revised:
    12:30 USD Current Account (USD) Q2
        Actual: -251B Forecast: -270B
        Previous: -450.2B Revised:
    13:45 USD Manufacturing PMI Sep P
        Actual: 52 Forecast: 51.6
        Previous: 53 Revised:
    13:45 USD Services PMI Sep P
        Actual: 53.9 Forecast: 53
        Previous: 54.5 Revised:

    Eco Data 9/22/25

    GMT Ccy Events Actual Consensus Previous Revised
    01:00 CNY 1-Y Loan Prime Rate 3.00% 3.00% 3.00%
    01:00 CNY 5-Y Loan Prime Rate 3.50% 3.50% 3.50%
    12:30 CAD Raw Material Price Index Aug -0.60% 0.90% 0.30%
    12:30 CAD Industrial Product Price M/M Aug 0.50% 1.20% 0.70%
    14:00 EUR Eurozone Consumer Confidence Sep P -15 -15 -16
    GMT Ccy Events
    01:00 CNY 1-Y Loan Prime Rate
        Actual: 3.00% Forecast: 3.00%
        Previous: 3.00% Revised:
    01:00 CNY 5-Y Loan Prime Rate
        Actual: 3.50% Forecast: 3.50%
        Previous: 3.50% Revised:
    12:30 CAD Raw Material Price Index Aug
        Actual: -0.60% Forecast: 0.90%
        Previous: 0.30% Revised:
    12:30 CAD Industrial Product Price M/M Aug
        Actual: 0.50% Forecast: 1.20%
        Previous: 0.70% Revised:
    14:00 EUR Eurozone Consumer Confidence Sep P
        Actual: -15 Forecast: -15
        Previous: -16 Revised:

    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:
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