Date: 16-Jun-25, Mon, All Day Currency: ZAR Importance: 3 Notes: South Africa - Youth Day. Expect reduced trading activity and liquidity in ZAR currency pairs. Learn More: Legacy Reference

Date: 17-Jun-25, Tue, 8:30 IST Currency: JPY Importance: 3 Forecast: Link Previous: 0.50% Notes: Bank of Japan (BOJ) policy board publishes its decision about where to set the target overnight 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 JPY, while a weaker than forecast reading is generally negative (bearish) for the JPY. Learn More: EURJPY USDJPY

Date: 17-Jun-25, Tue, 18:00 IST Currency: USD Importance: 3 Forecast: 0.30% Previous: 0.10% 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: 17-Jun-25, Tue, 18:00 IST Currency: USD Importance: 3 Forecast: 0.10% Previous: 0.10% 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: 18-Jun-25, Wed, 11:30 IST Currency: GBP Importance: 3 Forecast: 3.50% Previous: 3.50% Notes: Traders are awaiting the release of the UK Consumer Price Index report for May. Bloomberg forecasts suggest that the YoY inflation rate could edge up from 3.5% in April to 3.6% in May. Persistently high inflation remains a key challenge for the Bank of England and lowers the likelihood of a near-term rate cut. Strong inflation data would further diminish chances of a rate cut in upcoming meetings. 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: 18-Jun-25, Wed, 14:30 IST Currency: EUR Importance: 3 Forecast: 1.90% Previous: 1.90% 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: USDJPY EURUSD

Date: 18-Jun-25, Wed, 18:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 248K 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: 18-Jun-25, Wed, 20:00 IST Currency: USD Importance: 3 Forecast: Link Previous: -3.644M 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. If the increase is less than expected, it implies greater demand and is bullish for crude prices. Learn More: USOILRoll

Date: 18-Jun-25, Wed, 23:30 IST Currency: USD Importance: 3 Notes: This report includes the Federal Open Market Committee's (FOMC) projection for inflation and economic growth over the next 2 years. Investors will pay close attention to the projections, particularly the "dot plot" map, which reflects individual members' outlook on future rate cuts. Learn More: USDJPY EURUSD

Date: 18-Jun-25, Wed, 23:30 IST Currency: USD Importance: 3 Forecast: 4.37% Previous: 4.38% Notes: Among the most anticipated events this week, the Fed is expected to keep interest rates unchanged at 4.5% (at upper end), maintaining its “wait and see” approach until the potential impact of tariffs on the U.S. economy becomes clearer. 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: 19-Jun-25, Thur, 0:00 IST Currency: USD Importance: 3 Notes: The FOMC press conference, held by the Fed Chair, provides an in-depth look into the committee's monetary policy decisions. Investors will pay close attention to the Fed Chair’s statements, which are expected to offer more insight into monetary policy and the reasoning behind the projected number of rate cuts reflected in the Fed’s dot plot map. Learn More: USDJPY EURUSD

Date: 19-Jun-25, Thur, All Day Currency: BRL Importance: 3 Notes: Brazil - Corpus Christi Day. Expect reduced trading activity and liquidity in BRL currency pairs. Learn More: Legacy Reference

Date: 19-Jun-25, Thur, All Day Currency: USD Importance: 3 Notes: USA - Juneteenth National Independence Day. Expect reduced trading activity and liquidity in USD currency pairs. Learn More: Legacy Reference

Date: 19-Jun-25, Thur, 13:00 IST Currency: CHF Importance: 3 Forecast: 0.25% Previous: 0.25% Notes: Swiss National Bank (SNB) governing board members come to a consensus on where to set the target range for the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A reading that is stronger than forecast is generally supportive (bullish) for the CHF, while a weaker than forecast reading is generally negative (bearish) for the CHF. Learn More: CHFJPY USDCHF

Date: 19-Jun-25, Thur, 16:30 IST Currency: GBP Importance: 3 Forecast: 4.25% Previous: 4.25% Notes: The Bank of England’s Monetary Policy Committee is set to meet this week to decide on interest rates. With inflation still elevated and well above the 2% target, the Central Bank is expected to keep rates unchanged at 4.25%. Market watchers will be analysing the committee’s voting breakdown to gauge how many members support a rate cut. A higher number of pro-cut votes could increase the likelihood of future action, especially if accompanied by a meaningful drop in inflation. Learn More: GBPJPY GBPUSD

Date: 19-Jun-25, Thur, 18:00 IST Currency: USD Importance: 3 Previous: 248K 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: 20-Jun-25, Fri, All Day Currency: NZD Importance: 3 Notes: New Zealand - Matariki (Māori New Year). Expect reduced trading activity and liquidity in NZD currency pairs. Learn More: Legacy Reference

Date: 20-Jun-25, Fri, 18:00 IST Currency: USD Importance: 3 Forecast: (4.00) 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. 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: 30-Jul-25, Wed, 23:30 IST Currency: USD Importance: 3 Forecast: 4.32% Previous: 4.38% Notes: The Federal Open Market Committee (FOMC) announces its decision on the target range for the federal funds rate. Market expectations (e.g., via CME FedWatch Tool) and the accompanying statement/press conference are crucial for determining market impact and future policy direction. Learn More: CME FedWatch Tool