Date: 16-Dec-25, Tue, All Day Currency: SAR Importance: 3 Legacy Reference: Link Notes: The Day of Reconciliation is a public holiday in South Africa held annually on 16 December. The holiday came into effect in 1995 after the end of apartheid, with the intention of fostering reconciliation and national unity for the country.

Date: 16-Dec-25, Tue, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 0.20% Notes: Average Hourly Earnings measures the change in the price businesses pay for labor, not including the agricultural sector; higher than expected reading should be taken as positive/bullish for USD Learn More: USDJPY EURUSD

Date: 16-Dec-25, Tue, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 0.3% Notes: Core Retail Sales measures the change in the total value of sales of retail goods excluding cars and gas; higher than expected reading should be taken as positive/bullish for USD Learn More: USDJPY EURUSD

Date: 16-Dec-25, Tue, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 119K Notes: Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. 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

Date: 16-Dec-25, Tue, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 0.20% Notes: Retail Sales measures the change in the total value of sales of retail goods; higher than expected reading should be taken as positive/bullish for USD Learn More: USDJPY EURUSD

Date: 16-Dec-25, Tue, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 4.40% Notes: Unemployment Rate is the percentage of the population that is actively looking for employment; lower than expected reading should be taken as positive/bullish for USD Learn More: USDJPY EURUSD

Date: 16-Dec-25, Tue, 20:15 IST Currency: USD Importance: 3 Forecast: Link Previous: 52 Notes: S&P Global Manufacturing PMI measures the economic health of the manufacturing sector; higher reading indicates expansion Learn More: USDJPY EURUSD

Date: 16-Dec-25, Tue, 20:15 IST Currency: USD Importance: 3 Forecast: Link Previous: 54.1 Notes: S&P Global Services PMI measures the economic health of the services sector; higher reading indicates expansion Learn More: USDJPY EURUSD

Date: 17-Dec-25, Wed, 12:30 IST Currency: GBP Importance: 3 Forecast: Link Previous: 3.6% Notes: CPI (YoY) measures the yearly change in inflation; higher reading indicates higher inflation, typically bullish for GBP Learn More: GBPJPY GBPUSD

Date: 17-Dec-25, Wed, 15:30 IST Currency: EUR Importance: 3 Forecast: Link Previous: 2.20% Notes: CPI (YoY) measures the yearly change in inflation for Eurozone; higher reading may support EUR Learn More: EURJPY EURUSD

Date: 17-Dec-25, Wed, 21:00 IST Currency: USD Importance: 3 Forecast: Link Previous: -1.812M 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: USDJPY EURUSD

Date: 18-Dec-25, Thu, 17:30 IST Currency: GBP Importance: 3 Forecast: Link Previous: 4.00% Notes: BoE Interest Rate Decision shows the central bank's monetary policy stance; higher rates typically support GBP Learn More: GBPJPY GBPUSD

Date: 18-Dec-25, Thu, 18:45 IST Currency: EUR Importance: 3 Forecast: Link Previous: 2.00% Notes: Deposit Facility Rate is ECB's rate on overnight deposits; changes may affect EUR Learn More: EURJPY EURUSD

Date: 18-Dec-25, Thu, 18:45 IST Currency: EUR Importance: 3 Forecast: Link Previous: 2.15% Notes: ECB Interest Rate Decision sets monetary policy for Eurozone; higher rates typically support EUR Learn More: EURJPY EURUSD

Date: 18-Dec-25, Thu, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 0.20% Notes: Core CPI (MoM) measures monthly core inflation; higher than expected reading is bearish for USD Learn More: USDJPY EURUSD

Date: 18-Dec-25, Thu, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 0.3% Notes: CPI (MoM) measures monthly inflation; higher reading can increase fed rate expectations Learn More: USDJPY EURUSD

Date: 18-Dec-25, Thu, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 3.00% Notes: CPI (YoY) measures yearly inflation; higher reading may increase rate hike expectations Learn More: USDJPY EURUSD

Date: 18-Dec-25, Thu, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: - Notes: Initial Jobless Claims measures new unemployment claims; lower reading indicates job market strength Learn More: USDJPY EURUSD

Date: 18-Dec-25, Thu, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 1.7 Notes: Philadelphia Fed Index measures manufacturing activity; positive reading indicates expansion Learn More: USDJPY EURUSD

Date: 19-Dec-25, Fri, 19:15 IST Currency: USD Importance: 3 Forecast: Link Previous: - 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: USDJPY EURUSD

Date: 19-Dec-25, Fri, 8:30 IST Currency: JPY Importance: 3 Forecast: Link Previous: 0.5% Notes: BoJ Interest Rate Decision determines monetary policy for Japan; higher rates typically support JPY Learn More: USDJPY EURJPY

Date: 19-Dec-25, Fri, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 0.2% Notes: Core PCE measures monthly core inflation excluding food/energy; higher reading may pressure USD Learn More: USDJPY EURUSD

Date: 19-Dec-25, Fri, 19:00 IST Currency: USD Importance: 3 Forecast: Link Previous: 2.8% Notes: Core PCE (YoY) measures yearly core inflation; higher reading may support rate hike expectations Learn More: USDJPY EURUSD

Date: 19-Dec-25, Fri, 20:30 IST Currency: USD Importance: 3 Forecast: Link Previous: 4.10M Notes: Existing Home Sales measures the number of previously owned homes sold; higher reading indicates housing market strength Learn More: USDJPY EURUSD

Date: 28-Jan-26, Wed, 23:30 IST Currency: USD Importance: 3 Forecast: 3.57% Previous: 3.63% 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. Learn More: CME FedWatch Tool