January 25-31, 2025 – Currency Thoughts
Next Week’s Menu: January 25-31, 2025
January 24, 2025
Central Banks: Monetary policies will be reviewed at the Federal Reserve, European Central Bank, South African Reserve Bank, Central Bank of Brazil, Bank of Canada, Hungarian National Bank, National Bank of KrygyztanState Bank of Pakistan. Fed Chair Powell, ECB President Lagarde, and Bank of Canada Governor Macklem hold press conferences after their meetings. The Bank of Canada’s quarterly Monetary Policy Report and minutes from the Bank of Japan board meeting will be published.
Holiday: Markets will be closed for the Lunar New Year starting on January 29 in China, Taiwan and Hong Kong.
U.S. Data Releases: Fourth-quarter GDP, PCE price deflator and employment cost index. Monthly personal income and spending, PCE price deflator, new home sales (both the FHFA and Case Shiller indices), new home sales, pending home sales, Dallas and Richmond Fed manufacturing surveys, Chicago Fed National Activity index, Chicago regional PMI index, consumer confidence, and durable goods orders. Weekly jobless insurance claims, energy inventories, chain store sales, and mortgage applications.
Euroland Releases: GDP, economic sentiment index, unemployment, money growth and bank lending.
Members of the Euro Area: German, French, Italian, Spanish, Lithuanian, Irish, Belgian, Latvian, and Portuguese GDP. German CPI, IFO business climate index, consumer confidence, unemployment, retail sales and import prices. Italian unemployment, consumer confidence, industrial sales, and business sentiment. Austrian, Slovakian, Cypriot, and Italian PPI. Lithuanian, Irish, Latvian, Croatian, Estonian, and Portuguese retail sales. Cypriot, Croatian, and Lithuanian industrial production. Finnish, Slovakian, Portuguese and French consumer confidence. Austrian manufacturing PMI.
U.K. and Switzerland: British shop prices, bank lending, mortgage approvals, and Nationwide house price index. Swiss ZEW expectations index, KOF index of leading economic indicators, and the trade balance.
Eastern Europe: Russian and Bulgarian producer prices. Czech GDP.
Nordic Europe: Swedish GDP, trade balance, consumer confidence and unemployment rate. Norwegian retail sales and Icelandic CPI.
Japanese and Chinese Releases: Chinese NBS-compiled manufacturing and non-manufacturing purchasing manager surveys and corporate earnings. Japanese retail sales, Tokyo CPI, industrial production, housing starts, construction orders, corporate service prices, consumer sentiment, unemployment and index of leading economic indicators.
Other Asia: Hong Kong GDP and trade balance. Singaporean and Malaysian PPI. South Korean retail sales and industrial production. Indonesian CPI.
Australia and New Zealand: Australian business confidence and conditions, quarterly CPI, PPI and import prices, and M3 and private credit growth. New Zealand trade balance and business confidence.
Turkey and South Africa: Turkish business confidence and and economic sentiment. South Africa’s trade balance. Turkish and South African trade balances.
Canada and Mexico: Canadian and Mexican GDP. Mexican unemployment and trade balance.
Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Economic Data Calendar
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