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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 Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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. Learn More: 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%.

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