This week is packed with regionally important macro releases and central-bank activity that can move FX markets: Asia opens with Japan’s Tankan and China monthly activity readings; midweek brings UK inflation data and a Bank of England policy event that markets are watching closely; multiple Federal Reserve officials speak through the week; other notable items include NZ GDP and a handful of high-impact commodity and trade figures. Expect volatility around the Japan/China/UK policy and inflation prints.
📅 Monday, 15 December 2025
EuJapan
BOJ Tankan business sentiment survey (quarterly Tankan headlines and sector diffusion indexes).
Domestic releases tied to corporate sentiment and investment intentions from the Tankan (manufacturing vs non-manufacturing splits, output & prices expectations).
China
Key November activity data: industrial production, retail sales, fixed-asset investment trends and unemployment indicators (monthly activity package that often affects AUD/NZD/CNY risk flows).
Australia
Senior Reserve Bank of Australia official speaking (remarks can affect AUD risk tone).
Global / regional
Various central-bank and policy speeches across the Asia session; corporate and regional releases that set the tone for Asia-Pacific FX flows.
(Asia session focus: sentiment / activity reads and central bank commentary that can shift JPY, AUD, NZD and CNY risk sentiment.)
📅 Tuesday, 16 December 2025
Eurozone / EU
- Regional and national short-lead indicators or business surveys may appear (watch for any surprise national releases that affect EUR risk appetite).
United States
- A number of delayed US statistical releases were being rescheduled this month after earlier disruptions; check official BLS/BEA schedules for any rescheduled items that may land this day (employment backlog updates and backlog-related releases are possible).
Canada / Switzerland / Nordics
- Routine monthly/weekly financial and securities flow releases (e.g., Canada foreign securities purchases, Swiss macro bulletins) that can have local FX impact.
Central bank speeches
Additional Fed officials and other central bankers may appear on the calendar with speeches or panels — these remarks can influence USD market tone even without formal policy moves.
📅 Wednesday, 17 December2025
United Kingdom
- Consumer price inflation (CPI) / key UK inflation prints for November (headline and core measures) — important lead into the Bank of England meeting.
United States
- Possible backlog/delayed releases or follow-up data tied to earlier-delayed reports; watch updates from Bureau of Labor Statistics and Census/BEA about revised release scheduling.
Eurozone / Germany / France
- Monthly inflation or industrial prints from select member states may be published (these can tweak EUR reaction around UK CPI).
Central bank speeches / Fed
- Fed and Fed-adjacent officials scheduled to speak in various forums (their comments will be monitored for any signals on monetary policy path
📅 Thursday, 18 December 2025
United Kingdom — Bank of England (MPC) week
- Bank of England publishes its Monetary Policy Summary and minutes (timing aligned with MPC schedule); markets are widely focused on the MPC’s statement and any change in Bank Rate or voting split (expect headlines that move GBP).
- Governor / senior BoE officials may deliver speeches or appear in Q&As during the day.
Japan — BOJ policy window (policy meeting days around this date)
- Markets watching BOJ communications and any signals ahead of the BOJ policy decision (Tankan earlier in the week feeds into the BOJ policy discussion).
New Zealand
- GDP q/q print (quarterly GDP number that often moves NZD when it departs consensus).
United States
- Fed-system speeches (FOMC members speaking at events and panels) and regular weekly energy/inventory releases (EIA crude inventories) that can influence USD and commodity-linked FX.
Switzerland
SNB quarterly bulletin or trade/balance updates that sometimes appear on calendars and can affect CHF sentiment.
(High market sensitivity day: central bank communication + major GDP/inflation readings.)
📅Friday,19 December 2025
United States
- A mix of US data releases typically scheduled for the end of the business week: retail sales, consumer sentiment surveys (e.g., University of Michigan final reads), housing or existing home sales — any surprise prints can move USD and risk sentiment.
Canada / UK / Eurozone
- Monthly retail sales and current account prints for select economies (retail sales and trade data that can affect CAD, GBP and EUR respectively).
Global
Wrap-up regional trade balances and portfolio flow stats that can close the week for currency positioning ahead of the next week.
Notes
- Prioritize US Employment (Tue) and US CPI + BoE decision (Thu) for directional USD/GBP moves.
- Watch Japan Tankan (Mon) and China activity bundle (Mon) early for Asia risk flow and JPY/AUD reaction.
- Use time-zone conversions: BLS releases are 08:30 ET, BOJ Tankan 08:50 JST, BOE decision noon UK time, NAR existing-home sales 10:00 ET.
- Expect higher volatility around the big prints; consider spread widening, slippage, and correlations (USD vs equities, yields).
