What’s Ahead: Weekly Macroeconomic Calendar for June 16-20, 2025

This week is packed with high-impact events that may significantly affect global financial markets. Traders will watch closely as four major central banks—Japan, the US, Switzerland, and the UK—announce their rate decisions. Add to that key data on inflation and retail sales, and we’re in for a week of heightened volatility and prime trading setups.

Monday, June 16

United States:
● At 11:00 a.m. GMT, OPEC Monthly Report. May offer insights into supply dynamics and oil price direction.

Tuesday, June 17

Japan:
● At 3:00 a.m. GMT — Bank of Japan Interest Rate Decision. Forecast: 0.50%, Previous: 0.50%. Any surprise move or hawkish tone could trigger sharp moves in the Japanese yen (JPY).

Germany:
● At 9:00 a.m. GMT, ZEW Economic Sentiment Index (June). Forecast: 34.8, Previous: 25.2.

United States:
● At 12:30 p.m. GMT, Core Retail Sales (month-over-month, May). Forecast: +0.2%, Previous: +0.1%.
● At the same time, Retail Sales (month-over-month, May). Forecast: -0.6%, Previous: +0.1%.

Wednesday, June 18

United Kingdom:
● At 6:00 a.m. GMT, CPI (year-over-year, May). Forecast: 3.3%, Previous: 3.5%.

Eurozone:
● At 9:00 a.m. GMT, Consumer Price Index (year-over-year, May). Forecast: 1.9%, Previous: 1.9%.

United States:
● At 12:30 p.m. GMT, Initial Jobless Claims. Previous: 248K.
● At 2:30 p.m. GMT, Crude Oil Inventories. Previous: -3.644M barrels.
● At 6:00 p.m. GMT, Federal Reserve Interest Rate Decision. Forecast: 4.50%, Previous: 4.50%. This is the main event of the week. Even if the rate is unchanged, the Fed's statement and press conference could shape USD trends and global risk appetite for months.

Thursday, June 19

Switzerland:
● At 7:30 a.m. GMT, SNB Interest Rate Decision (Q2). Forecast: 0.00%, Previous: 0.25%. Any surprise from the Swiss National Bank could cause high volatility in CHF pairs.

United Kingdom:
● At 11:00 a.m. GMT, Bank of England Interest Rate Decision (June). Forecast: 4.25%, Previous: 4.25%. Traders will be watching for any shift in tone or forward guidance impacting the pound (GBP).

Friday, June 20

China:
● 01:15 GMT: Базовая кредитная ставка НБК. Прогноз: 3,00% / Предыдущее значение: 3,00%.

Eurozone:
● At 8:00 a.m. GMT — ECB Monthly Report.

United States:
● At 12:30 p.m. GMT, Philadelphia Fed Manufacturing Index (June). Forecast: -1.2, Previous: -4.0.

Tips for Traders:

● Central Bank Watch: Big moves are expected around the Bank of Japan (Tuesday), Fed (Wednesday), Swiss National Bank, and Bank of England (Thursday). Be ready for volatility in JPY, USD, CHF, and GBP pairs.
● Inflation in Focus: Keep your eyes on CPI reports from the UK and Eurozone (Wednesday), which are the key indicators for shaping the policies of the European Central Bank and Bank of England.
● Keep an eye on the US reports: Retail Sales (Tuesday), Jobless Claims (Wednesday), and the Philly Fed Index (Friday) will show how the world’s largest economy is holding up. Expect movement in the USD.
● Wait for confirmation: Don't rush into a trade immediately after a news release. The market often makes "false" moves. Wait for a clear direction or a confirmation pattern to form.

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