Date: 14-Apr-25, Mon, All Day Currency: INR Importance: 3 Notes: This is a public holiday in India commemorating the birth anniversary of Dr. B.R. Ambedkar. Financial markets, including the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), and banks will be closed. Expect no local data releases and potentially reduced liquidity in INR currency pairs. Learn More: Legacy Reference

Date: 14-Apr-25, Wed, All Day Currency: NOK Importance: 3 Notes: Norwegian financial markets will close early at 13:00 local time in observance of Holy Wednesday. Expect reduced liquidity in NOK currency pairs during the afternoon session. Learn More: Legacy Reference

Date: 16-Apr-25, Wed, 7:30 IST Currency: CNY Importance: 3 Forecast: 5.20% Previous: 5.40% Notes: Gross Domestic Product (GDP) gauges the inflation-adjusted value of all goods and services produced within the economy. It is the most comprehensive measure of economic activity and an important indicator of economic health. A reading that is stronger than forecast is generally supportive (bullish) for the CNY, while a weaker than forecast reading is generally negative (bearish) for the CNY. Learn More: USDCNY USDCNH

Date: 16-Apr-25, Wed, 11:30 IST Currency: GBP Importance: 3 Forecast: 2.70% Previous: 2.80% Notes: The Consumer Price Index (CPI) measures the change in the prices of goods and services contained in a basket of consumer items. The Central bank pays very close attention to this figure in its role of maintaining price stability. A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP. Learn More: GBPJPY GBPUSD

Date: 16-Apr-25, Wed, 14:30 IST Currency: EUR Importance: 3 Forecast: 2.20% Previous: 2.20% Notes: The Consumer Price Index (CPI) measures the change in the prices of goods and services contained in a basket of consumer items. The Central bank pays very close attention to this figure in its role of maintaining price stability. A reading that is stronger than forecast is generally supportive (bullish) for the EUR, while a weaker than forecast reading is generally negative (bearish) for the EUR. Learn More: EURJPY EURUSD

Date: 16-Apr-25, Wed, 18:00 IST Currency: USD Importance: 3 Forecast: 0.40% Previous: 0.30% Notes: Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending which accounts for a large percentage of US GDP. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. Learn More: USDJPY EURUSD

Date: 16-Apr-25, Wed, 18:00 IST Currency: USD Importance: 3 Forecast: 1.40% Previous: 0.20% Notes: Retail Sales gauges the change in the aggregate value of sales at the retail level across the country. It is an important indicator of consumer spending accounting for the majority of overall economic activity. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. Learn More: USDJPY EURUSD

Date: 16-Apr-25, Wed, 19:15 IST Currency: CAD Importance: 3 Forecast: 2.75% Previous: 2.75% Notes: The Bank of Canada (BOC) publishes its decision on where to set the benchmark interest rate. As short term interest rates are an important determinant of currency valuation, traders watch interest rate changes closely. A reading that is stronger than forecast is generally supportive (bullish) for the CAD, while a weaker than forecast reading is generally negative (bearish) for the CAD. Learn More: CADJPY USDCAD

Date: 16-Apr-25, Wed, 20:00 IST Currency: USD Importance: 3 Previous: 2.553M Notes: The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected. Learn More: USOILRoll

Date: 16-Apr-25, Wed, 22:45 IST Currency: USD Importance: 3 Notes: Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar's value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy. Learn More: USDJPY EURUSD

Date: 17-Apr-25, Thu, All Day Currency: MXN Importance: 3 Notes: Mexican financial markets will be closed in observance of Easter (likely Maundy Thursday and/or Good Friday). Expect no local data releases and potentially reduced liquidity in MXN currency pairs. Learn More: Legacy Reference

Date: 17-Apr-25, Thu, All Day Currency: NOK Importance: 3 Notes: Norwegian financial markets will be closed in observance of Maundy Thursday. Expect no local data releases and potentially reduced liquidity in NOK currency pairs. Learn More: Legacy Reference

Date: 17-Apr-25, Thu, 17:45 IST Currency: EUR Importance: 3 Forecast: 2.25% Previous: 2.50% Notes: The Deposit Facility Rate is the interest rate banks receive for depositing money with the central bank overnight. Changes influence bank lending and the currency. A higher than expected rate is generally bullish for the EUR, lower is bearish. Learn More: EURJPY EURUSD

Date: 17-Apr-25, Thu, 17:45 IST Currency: EUR Importance: 3 Forecast: 2.40% Previous: 2.65% Notes: The European Central Bank publishes its decision on where to set the benchmark interest rate (typically the Main Refinancing Operations Rate). As short term interest rates are an important determinant of currency valuation, traders watch interest rate changes closely. A reading that is stronger than forecast is generally supportive (bullish) for the EUR, while a weaker than forecast reading is generally negative (bearish) for the EUR. Learn More: EURJPY EURUSD

Date: 17-Apr-25, Thu, 18:00 IST Currency: USD Importance: 3 Forecast: 225K Previous: 223K Notes: Initial Jobless Claims measures the number of people who filed for unemployment insurance for the first time during the past week. This is the most timely U.S. economic data, but the market impact varies from week to week. A reading that is higher than forecast is generally negative (bearish) for the USD, while a lower than forecast reading is generally supportive (bullish) for the USD. Learn More: USDJPY EURUSD

Date: 17-Apr-25, Thu, 18:00 IST Currency: USD Importance: 3 Forecast: 3.1 Previous: 12.5 Notes: The Philadelphia Federal Reserve Manufacturing Index measures the relative level of business conditions amongst manufacturers in the Federal Reserve district. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. Learn More: USDJPY EURUSD

Date: 17-Apr-25, Thu, 18:15 IST Currency: EUR Importance: 3 Notes: The European Central Bank (ECB) press conference is held monthly, about 45 minutes after the Minimum Bid Rate is announced. The conference is approximately an hour long and has two parts. Firstly, a prepared statement is read, then the conference is open to press questions. The press conference examines the factors which affected the ECB's interest rate decision and deals with the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy. High levels of volatility can frequently be observed during the press conference as press questions lead to unscripted answers. Learn More: EURJPY EURUSD

Date: 18-Apr-25, Fri, All Day Currency: Global Importance: 3 Notes: Financial markets in many countries (including US, UK, Eurozone, Canada, Australia, etc.) will be closed in observance of Good Friday. Expect significantly reduced liquidity across most currency pairs and no major data releases from these regions. Some markets may remain closed on Easter Monday (Apr 21st). Learn More: Legacy Reference Legacy Reference

Date: 07-May-25, Wed, 23:30 IST Currency: USD Importance: 3 Forecast: 4.30% Previous: 4.37% Notes: The Federal Open Market Committee (FOMC) announces its decision on the target range for the federal funds rate. As per CME FedWatch Tool (check closer to date), market expectations are around a certain level. The accompanying statement and subsequent press conference are highly scrutinized for clues on future policy direction. Learn More: CME FedWatch Tool