Date: 15-Sep-25, Mon, All Day Currency: JPY Importance: 3 Notes: Respect for the Aged Day (known in Japanese as Keiro no Hi) is a national holiday in Japan held annually on the third Monday of September. It honors the elderly, celebrates their longevity and recognizes their contributions to society. It's part of the Silver Week, which includes several holidays in September. The holiday often results in reduced business activity in Japan as many people take time off to spend with elderly family members. This can affect economic data releases and market liquidity during the week. Learn More: Legacy Reference

Date: 16-Sep-25, Tues, All Day Currency: MXN Importance: 3 Notes: Independence Day (Día de la Independencia) is Mexico's most important national holiday, commemorating the start of the Mexican War of Independence from Spain in 1810. The day is marked by patriotic celebrations across Mexico, including military parades, fireworks, and cultural events. Government offices, banks, and many businesses are closed. The holiday can affect peso liquidity in financial markets and may impact trade flows between Mexico and its partners, particularly the United States. Learn More: Legacy Reference

Date: 16-Sep-25, Tues, 18:00 IST Currency: USD Importance: 3 Forecast: 0.30% 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. This data point provides insight into underlying consumer demand trends, excluding the volatile automotive sector, which can be significantly impacted by seasonal factors and incentives. Learn More: USDJPY EURUSD

Date: 16-Sep-25, Tues, 18:00 IST Currency: USD Importance: 3 Forecast: 0.50% Previous: 0.50% 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. This broad measure of consumer spending is a key input into GDP calculations and provides early insight into the health of the U.S. economy. The data can be volatile due to seasonal adjustments and can significantly impact market sentiment about the Federal Reserve's monetary policy path. Learn More: USDJPY EURUSD

Date: 17-Sep-25, Wed, 11:30 IST Currency: GBP Importance: 3 Forecast: 3.800% Previous: 3.800% 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. The Bank of England closely monitors inflation trends as they guide monetary policy decisions. With the BoE's next policy meeting scheduled for September 18, this inflation data will be a crucial input for policymakers as they assess the need for further interest rate adjustments. Learn More: GBPJPY GBPUSD

Date: 17-Sep-25, Wed, 14:30 IST Currency: EUR Importance: 3 Forecast: Link Previous: 2.000% 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. With the European Central Bank's policy meeting scheduled for the same day, this inflation data will be instrumental in shaping market expectations for the ECB's decision on interest rates and monetary policy stance. Market participants will be particularly attentive to underlying inflation pressures amid ongoing concerns about global trade tensions. Learn More: EURJPY EURUSD

Date: 17-Sep-25, Wed, 19:15 IST Currency: CAD Importance: 3 Previous: 2.750% 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. The Bank of Canada's monetary policy decisions are influenced by domestic economic conditions, inflation trends, and global economic developments. With the Federal Reserve expected to make a rate decision shortly after, market participants will be watching for any divergence in monetary policy stance between the two central banks, which could significantly impact the USD/CAD exchange rate. Learn More: CADJPY USDCAD

Date: 17-Sep-25, Wed, 20:00 IST Currency: USD Importance: 3 Previous: 3.939M 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. This report is closely watched by energy traders and can have significant impacts on oil prices and related energy sector equities. Learn More: USOILRoll

Date: 17-Sep-25, Wed, 23:30 IST Currency: USD Importance: 3 Notes: The U.S. Federal Reserve's Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes. A more dovish than expected statement could be taken as negative/bearish for the USD, while a more hawkish than expected statement could be taken as positive/bullish for the USD. The economic projections include the Summary of Economic Projections (SEP), which provides FOMC members' forecasts for GDP growth, unemployment, and inflation, offering valuable insight into the committee's longer-term outlook. Learn More: USDJPY EURUSD

Date: 17-Sep-25, Wed, 23:30 IST Currency: USD Importance: 3 Notes: The U.S. Federal Reserve's Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes. A more dovish than expected statement could be taken as negative/bearish for the USD, while a more hawkish than expected statement could be taken as positive/bullish for the USD. The statement is parsed by market participants for any changes in language that might signal shifts in the Fed's policy stance or future intentions. Learn More: USDJPY EURUSD

Date: 17-Sep-25, Wed, 23:30 IST Currency: USD Importance: 3 Forecast: Link Previous: 4.500% Notes: Federal Open Market Committee (FOMC) members vote on where to set the target interest rate. Traders watch interest rate changes closely as relative short term interest rates are a primary factor in currency valuation. 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. Markets have been pricing in a rate cut following recent weaker-than-expected economic data, including the August nonfarm payrolls report. The decision will be accompanied by updated economic projections and a press conference, which will provide further insight into the Fed's policy outlook. Learn More: CME FedWatch Tool

Date: 18-Sep-25, Thur, 00:00 IST Currency: USD Importance: 3 Notes: The Federal Reserve Chair speaks after the FOMC interest rate decision. This is one of the most important events for USD as it provides insights on the Fed's outlook, policy trajectory, and economic conditions. Volatility often increases during the Q&A session. The press conference offers the Chair an opportunity to clarify the committee's decision and provide additional context on economic assessments. Market participants closely analyze the Chair's language for any hints about future policy moves, making this event a key driver of market sentiment and USD exchange rate movements. Learn More: USDJPY EURUSD

Date: 18-Sep-25, Thur, 16:30 IST Currency: GBP Importance: 3 Previous: 4.000% Notes: Bank of England (BOE) monetary policy committee members vote on where to set the Bank Rate. Traders watch interest rate changes closely because short term interest rates are the primary factor in currency valuation. 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. The decision follows closely after the release of UK CPI data and will be influenced by the latest inflation readings and economic outlook. Market participants will be looking for any signals about the direction of future policy moves, especially in relation to the Fed's anticipated rate decision. Learn More: GBPJPY GBPUSD

Date: 18-Sep-25, Thur, 18:00 IST Currency: USD Importance: 3 Previous: 263K 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. This data point provides a real-time indicator of labor market conditions and can influence expectations for the Federal Reserve's monetary policy path, particularly following the recent FOMC decision. Learn More: USDJPY EURUSD

Date: 18-Sep-25, Thur, 18:00 IST Currency: USD Importance: 3 Forecast: Link Previous: -0.3 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. This regional manufacturing index provides early insight into the health of the U.S. manufacturing sector and can influence market sentiment about the broader economic outlook. Learn More: USDJPY EURUSD

Date: 19-Sep-25, Fri, 08:30 IST Currency: JPY Importance: 3 Forecast: Link Previous: 0.500% 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. The BOJ's monetary policy stance continues to differ significantly from other major central banks, with negative interest rates and yield curve control measures still in place. Market participants will be watching for any adjustments to these policies as Japan's economy continues to recover from the pandemic's effects. Learn More: USDJPY EURJPY

Date: 29-Oct-25, Wed , 23:30 ISTCurrency: USDImportance: 3Forecast: 3.90%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. 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: CME FedWatch Tool