What’s Ahead: Weekly Macroeconomic Calendar for July 7-July 11, 2025

A summary of the key macroeconomic events expected to influence financial markets during the upcoming week. Monitor central bank rate decisions, inflation reports, and speeches by policymakers for potential market-moving developments.

Monday, July 7

Germany:
● 06:00 a.m. GMT: Industrial Production (Month-over-Month) (May). Actual figure: +1.2% / Forecast: -0.6% / Previous: -1.6%. A robust increase in industrial output marks a potential rebound in economic activity, which may provide upward momentum for the euro.

Еврозона:
● 10:00 a.m. GMT: Eurogroup Meeting. Ministers of finance will discuss economic trends and fiscal coordination within the euro area.

Tuesday, July 8

Australia:
● 4:30 a.m. GMT: Interest Rate Decision (July). Forecast: 3.60% / Previous: 3.85%. A potential rate cut may pressure the Australian dollar, while a decision to hold could provide temporary relief.

Canada:
● 02:00 a.m. GMT: GMT: Ivey PMI (June). Forecast: 49.1 / Previous: 48.9. A reading below the 50 mark would suggest continued contraction in business activity, which may weigh on the Canadian dollar.

Wednesday, July 9

New Zealand:
● 02:00 a.m. GMT: Interest Rate Decision. Forecast / Previous: 3.25%. No change in rates is widely anticipated and may lend short-term support to the NZD.

United States:
● 02:30 p.m. GMT: Crude Oil Inventories. Previous: +3.845M. An increase may signal weaker demand and could exert downward pressure on oil prices.
● 06:00 p.m. GMT: FOMC Meeting Minutes. Investors will scrutinize the minutes for insights into the Federal Reserve’s forward guidance. Expect potential USD volatility.

Thursday, July 10

Germany:
● 06:00 a.m. GMT: Consumer Price Index (Month-over-Month) (June). Forecast: 0.0% / Previous: 0.0%. A stagnant inflation print may reinforce a neutral stance from the ECB and limit euro appreciation.

United States:
● 12:30 p.m. GMT: Initial Jobless Claims. Forecast: 235K / Previous: 233K. A better-than-expected outcome would underscore labor market strength and likely support the U.S. dollar.
● 05:15 p.m. GMT: Fed Governor Waller Speaks. Remarks from Waller regarding monetary policy could influence USD direction.
● 06:30 p.m. GMT: FOMC member Daly speaks. Traders will closely monitor Daly’s tone for additional cues on the Fed’s monetary policy path.

Friday, July 11

United Kingdom:
● 06:00 a.m. GMT: GDP (Month-over-Month) (May). Previous: -0.3%. An uptick in growth would boost GBP, while further contraction could add pressure.
● 06:00 a.m. GMT: UK Trade Balance (May). Previous: -£23.21B. An improved trade figure may lend additional support to the British pound.

Tips for Trader for this Week

● The economic calendar isn’t packed with events this week, so technical analysis might take on a more influential role in shaping your trading decisions. Keep an eye on support and resistance zones, price formations, and technical indicators that could help hint at the market’s next move.
● Monitor interest rate decisions: Statements from the central banks of Australia and New Zealand might strongly influence their respective currencies.
● Stay tuned to the Fed: Remarks from Waller and Daly, along with the FOMC minutes, are expected to give key insights into the direction of US monetary policy and could sway the USD.
● Track industrial production and inflation data: These metrics from Germany could drive movement in the EUR.
● Keep an eye on US labor market data: Initial jobless claims remain a crucial signal of the state of the US job market.
● Don’t overlook UK GDP: This data point could shed light on the overall health of the UK economy and influence the GBP.