What’s Ahead: Weekly Macroeconomic Calendar for September 1 – September 5, 2025

This week, markets will closely track key US data. The main focus will be on the release of GDP and inflation reports, which may provide fresh guidance for investors and trigger strong volatility in USD pairs.

Monday, September 1

Eurozone:
● 9:00 a.m. GMT: Unemployment Rate (July). Forecast: 6.2% / Previous: 6.2%. If the data matches expectations, it is unlikely to have a major effect on the euro.

Tuesday, September 2

Eurozone:
● 9:00 a.m. GMT: Consumer Price Index (CPI) (Year-over-Year) (August). Forecast: 2.0% / Previous: 2.0%. A higher-than-expected result could support the euro.

United States:
● 1:45 p.m. GMT: Manufacturing PMI (August). Forecast: 53.3 / Previous: 53.3. A weaker result could put pressure on the dollar.
● 2:00 p.m. GMT: ISM Manufacturing PMI (August). Forecast: 48.9 / Previous: 48.0. A stronger reading could support the dollar, while a weaker one could drag it lower.

Wednesday, September 3

Australia:
● 1:30 a.m. GMT: GDP (Quarter-over-Quarter) (Q2). Forecast: 0.5% / Previous: 0.2%. A stronger figure would boost the AUD.

Eurozone:
● 8:00 a.m. GMT: S&P Global Composite PMI (August). Forecast: 51.1 / Previous: 51.1.
● 8:00 a.m. GMT: Services PMI (August). Forecast: 50.7 / Previous: 50.7.

United Kingdom:
● 8:30 a.m. GMT: Composite PMI (August). Forecast: 53.0 / Previous: 53.0.
● 8:30 GMT: Services PMI (August). Forecast: 53.6 / Previous: 53.6. No surprises are expected, but any strong deviation could trigger volatility in GBP.

United States:
● 2:00 p.m. GMT: JOLTS Job Openings (July). Forecast: 7.240M / Previous: 7.437M. A stronger result would be a positive signal for the dollar.
● 6:00 p.m. GMT: Fed Beige Book. This report will provide an update on economic conditions and could influence monetary policy expectations.

Thursday, September 4

United States:
● 12:15 p.m. GMT: ADP Nonfarm Payrolls (August). Forecast: 71K / Previous: 104K. A better reading would support the dollar.
● 12:30 p.m. GMT: Initial Jobless Claims. Forecast: 229K / Previous: 229K. A weaker figure would weigh on the dollar.
● 1:45 p.m. GMT: Services PMI (August). Forecast: 55.4 / Previous: 55.4.
● 2:00 p.m. GMT: ISM Non-Manufacturing PMI (August). Forecast: 50.5 / Previous: 50.1.

Friday, September 5

United States:
● 12:30 p.m. GMT: Average Hourly Earnings (Month-over-Month) (August). Forecast: 0.3% / Previous: 0.3%.
● 12:30 p.m. GMT: Nonfarm Payrolls (August). Forecast: 74K / Previous: 73K. A stronger result would be positive for the dollar.
● 12:30 p.m. GMT: Unemployment Rate (August). Forecast: 4.3% / Previous: 4.2%.

Canada:
● 2:00 p.m. GMT: Ivey PMI (August). Forecast: 53.1 / Previous: 55.8. A stronger reading could support the Canadian dollar.

Tips for Traders

● Exercise extra caution this week as the calendar is packed with events that could drive sharp price moves.
● Thursday and Friday are expected to be the most volatile, particularly for USD pairs.
● Be ready for surprises, since even small deviations from forecasts can trigger strong reactions.
● Stick to strict risk management: always use stop losses and avoid risking a large share of your deposit during news releases.