Key Economic Events: Week Of 19th January 2026
Release Date: 19th January 2026
What to Expect in Markets This Week: This week features important economic indicators including Chinese GDP, European inflation, Canadian interest rate decision, and UK inflation data. The US will also release GDP figures and jobless claims. The next Fed Interest Rate Decision is scheduled on January 28th, 2026.
19 January 2026
Holiday - Martin Luther King, Jr. Day
Date:
19-Jan-26, Mon, All Day
Currency:
USD
Importance:
3
Notes:
US federal holiday
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MLK Day
CNY - GDP (YoY) (Q4)
Date:
19-Jan-26, Mon, 07:30 IST
Currency:
CNY
Importance:
3
Forecast:
Link
Previous:
-0.30%
Notes:
Gross Domestic Product measures the quarterly change in the total value of goods and services produced in China. This is the most significant indicator of economic activity in the world's second largest economy. A higher than expected figure should be taken as positive/bullish for the CNY, while a lower than expected figure should be taken as negative/bearish for the CNY.
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USDJPY EURUSD
EUR - CPI (YoY) (Dec)
Date:
19-Jan-26, Mon, 15:30 IST
Currency:
EUR
Importance:
3
Forecast:
Link
Previous:
2.10%
Notes:
Consumer Price Index measures inflation in the Eurozone. Higher than expected readings should be taken as positive/bullish for the EUR, while lower than expected readings should be taken as negative/bearish for the EUR.
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USDJPY EURUSD
CAD - BoC Interest Rate Decision
Date:
19-Jan-26, Mon, 20:15 IST
Currency:
CAD
Importance:
3
Forecast:
Link
Previous:
2.20%
Notes:
The Bank of Canada's interest rate decision significantly impacts the Canadian Dollar. Higher rates typically strengthen the CAD, while lower rates tend to weaken it.
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USDJPY EURUSD
21 January 2026
GBP - CPI (YoY) (Dec)
Date:
21-Jan-26, Wed, 12:30 IST
Currency:
GBP
Importance:
3
Forecast:
Link
Previous:
3.10%
Notes:
Consumer Price Index measures inflation in the UK. Higher than expected readings should be taken as positive/bullish for the GBP, while lower than expected readings should be taken as negative/bearish for the GBP.
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USDJPY EURUSD
USD - U.S. President Trump Speaks
Date:
21-Jan-26, Wed, 19:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
-
Notes:
Statements from the US President can significantly impact market sentiment and the US Dollar. Economic policy announcements or trade comments often cause market volatility.
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USDJPY EURUSD
22 January 2026
USD - GDP (QoQ) (Q3)
Date:
22-Jan-26, Thu, 19:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
3.70%
Notes:
Gross Domestic Product measures the quarterly change in the total value of goods and services produced in the US. This is the most significant indicator of economic activity in the world's largest economy. A higher than expected figure should be taken as positive/bullish for the USD, while a lower than expected figure should be taken as negative/bearish for the USD.
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USDJPY EURUSD
USD - Initial Jobless Claims
Date:
22-Jan-26, Thu, 19:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
208K
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 US 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 - Core PCE Price Index (MoM) (Nov)
Date:
22-Jan-26, Thu, 20:30 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
0.10%
Notes:
Core Personal Consumption Expenditures Price Index is the Federal Reserve's preferred inflation gauge. It measures price changes in consumer goods and services excluding food and energy. Higher than expected readings should be taken as positive/bullish for the USD, while lower than expected readings should be taken as negative/bearish for the USD.
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USDJPY EURUSD
USD - Core PCE Price Index (YoY) (Nov)
Date:
22-Jan-26, Thu, 20:30 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
2.70%
Notes:
Year-over-year Core Personal Consumption Expenditures Price Index is the Federal Reserve's preferred inflation indicator. It measures annual price changes in consumer goods and services excluding food and energy. Higher than expected readings should be taken as positive/bullish for the USD, while lower than expected readings should be taken as negative/bearish for the USD.
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USDJPY EURUSD
23 January 2026
USD - Crude Oil Inventories
Date:
23-Jan-26, Fri, 22:30 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
-3.832M
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.
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USDJPY EURUSD
JPY - BoJ Interest Rate Decision
Date:
23-Jan-26, Fri, 08:30 IST
Currency:
JPY
Importance:
3
Forecast:
Link
Previous:
0.0075%
Notes:
The Bank of Japan's interest rate decision significantly impacts the Japanese Yen. Higher rates typically strengthen the JPY, while lower rates tend to weaken it.
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USDJPY EURUSD
USD - S&P Global Services PMI (Jan)
Date:
23-Jan-26, Fri, 20:15 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
53.0
Notes:
S&P Global Services Purchasing Managers Index measures sentiment in the services sector. A reading above 50 indicates expansion, while below 50 indicates contraction. Higher than expected readings should be taken as positive/bullish for the USD, while lower than expected readings should be taken as negative/bearish for the USD.
Learn More:
USDJPY EURUSD
Next Fed Interest Rate Decision
USD - Fed Interest Rate Decision
Date:
28-Jan-26, Wed, 23:30 IST
Currency:
USD
Importance:
3
Forecast:
3.61%
Previous:
3.63%
Notes:
The Federal Reserve sets interest rates at regularly scheduled meetings. Interest rates directly affect the cost of borrowing and can impact currency values, inflation, and economic growth. Changes in interest rates can significantly impact financial markets and the broader economy.
Learn More:
CME FedWatch Tool
Upcoming Major Event: The next Fed Interest Rate Decision is scheduled on January 28th, 2026. Previous decision was 3.63% with the current rate at 3.61%.
Previous Economic Calendars