Key Economic Events: Week Of 20th October 2025
Release Date: 20th October 2025
What to Expect in Markets This Week: The focus this week is on the Consumer Price Index (CPI) inflation data for September, which is likely the last major piece of economic data the Federal Reserve will receive before its interest rate decision next week. Fed officials will also be speaking throughout the week. Key earnings include Tesla, Netflix, Intel, and other major companies offering insights into EVs, AI, and consumer spending sectors.
20 October 2025
INR - Singapore - Diwali
Date:
20-Oct-25, Mon, All Day
Currency:
INR
Importance:
Holiday
Notes:
Diwali, also known as the Festival of Lights, is a major Hindu festival celebrating the victory of light over darkness and good over evil. It marks the beginning of the new year in the Hindu lunar calendar.
Learn More:
Legacy Reference
CNY - GDP (YoY) (Q3)
Date:
20-Oct-25, Mon, 07:30 IST
Currency:
CNY
Importance:
3
Forecast:
Link
Previous:
5.20%
Notes:
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the CNY, while a lower than expected reading should be taken as negative/bearish for the CNY.
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USDCNH
USDCNY
21 October 2025
INR - Diwali - Laxmi Puja
Date:
21-Oct-25, Tue, All Day
Currency:
INR
Importance:
Holiday
Notes:
Diwali, also known as the Festival of Lights, is a major Hindu festival celebrating the victory of light over darkness and good over evil. Laxmi Puja is performed on the main day of Diwali to worship Goddess Lakshmi for wealth and prosperity.
Learn More:
Legacy Reference
22 October 2025
INR - Diwali-Balipratipada
Date:
22-Oct-25, Wed, All Day
Currency:
INR
Importance:
Holiday
Notes:
Diwali celebrations continue with Balipratipada, which commemorates the victory of Lord Vishnu over the demon king Bali. In some regions, it is considered the start of the new year.
Learn More:
Legacy Reference
GBP - CPI (YoY) (Sep)
Date:
22-Oct-25, Wed, 11:30 IST
Currency:
GBP
Importance:
3
Forecast:
Link
Previous:
3.80%
Notes:
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
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GBPJPY
GBPUSD
23 October 2025
USD - Initial Jobless Claims
Date:
23-Oct-25, Thu, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
218K
Notes:
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
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USDJPY
EURUSD
USD - Existing Home Sales (Sep)
Date:
23-Oct-25, Thu, 19:30 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
4.00M
Notes:
Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
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USDJPY
EURUSD
24 October 2025
USD - Core CPI (MoM) (Sep)
Date:
24-Oct-25, Fri, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
0.30%
Previous:
0.30%
Notes:
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
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USDJPY
EURUSD
USD - CPI (YoY) (Sep)
Date:
24-Oct-25, Fri, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
2.90%
Notes:
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Learn More:
USDJPY
EURUSD
USD - CPI (MoM) (Sep)
Date:
24-Oct-25, Fri, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
0.30%
Previous:
0.40%
Notes:
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Learn More:
USDJPY
EURUSD
USD - S&P Global Manufacturing PMI (Oct)
Date:
24-Oct-25, Fri, 19:15 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
52.00
Notes:
The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company's performance, which can be a leading indicator of overall economic performance. A higher than expected reading should be taken as positive/bullish for the USD while a lower than expected reading should be taken as negative/bearish for the USD.
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USDJPY
EURUSD
USD - S&P Global Services PMI (Oct)
Date:
24-Oct-25, Fri, 19:15 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
54.20
Notes:
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants.
An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. 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.
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USDJPY
EURUSD
29 October 2025
USD - Fed Interest Rate Decision
Date:
29-Oct-25, Wed, 23:30 IST
Currency:
USD
Importance:
3
Forecast:
3.87%
Previous:
4.13%
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
Source: Investing.com, Firm Research. Notes as of 19th October 2025, 8 PM.
For historical data and resources, please visit:
quantwater.tech/resources