This is a packed data week for currencies as markets will focus on U.S. delayed hard data (including a rescheduled jobs report), the Federal Reserve meeting minutes and several central-bank officials’ speeches, a flurry of monthly/weekly activity indicators and Purchasing Managers’ prints across Europe and Asia, and consumer/confidence surveys. Expect volatility around the Fed minutes mid-week and the rescheduled U.S. jobs data later in the week, which together will heavily influence USD direction and risk assets.
📅 Monday, 17 November 2025
Global / Asian early session
- Japan: Tokyo CPI headline/core (monthly) and retail trade / industrial production updates (typical early-week data).
- China: Any soft data releases, trade balance and industrial production (monthly) headlines; possible official PMI commentary.
- Australia: weekly ANZ job ads or monthly business confidence indicators (watch AUD volatility if prints surprise).
Europe session
- Euro area: early PMI flash releases for services/manufacturing in some calendars (watch EUR-sensitive risk).
- UK: regional labor or trade micro-releases; BOE-adjacent commentary if scheduled.
North America / late session
- Canada: housing starts / building permits or monthly housing/mortgage data.
- U.S.: light scheduled data day but central-bank speeches or small Fed-adjacent appearances can occur; local mortgage or weekly financial series sometimes release.
📅 Tuesday, 18 November 2025
Asia / early session
- Japan: machinery orders or industrial production updates may appear.
- Australia: labor-market nuggets or small business indicators.
Europe / morning
- Eurozone: PMI final or flash revisions; country-level industrial production / trade stats.
- UK: CPI / PPI micro-releases or consumer confidence updates (watch GBP if confidence or price surprises).
North America / U.S. specific
- U.S. Redbook (weekly retail activity) — scheduled Nov 18 (watch for retail momentum and demand signals that feed into USD/commodity moves).
- Regular weekly series: mortgage applications, energy inventory bits, local manufacturing surveys.
📅 Wednesday, 19 November 2025
Tier-1 releases / market movers
- Federal Reserve — Minutes from the October FOMC meeting (published mid-week). Markets will parse the minutes for guidance on the path of policy and rate expectations — this is a major USD driver and will be a primary volatility event for the day.
- U.S.: import/export price indexes, industrial production and capacity utilization, housing starts (some of these often cluster around midweek).
Europe
- Germany / France: industrial production, retail sales, or business surveys — keep an eye on EUR reaction to unexpected weakness/strength.
- ECB-adjacent speeches or comments from policy members may appear.
Asia / Pacific
- NZ/AUD: consumer confidence or business survey releases; any RBA/RBNZ commentary if scheduled.
📅 Thursday, 20 November 2025
Major U.S. scheduled items
- U.S. Bureau of Labor Statistics — rescheduled U.S. jobs report for September released Nov 20. (This was delayed earlier and is now a major event this Thursday — expect significant USD volatility depending on the headline payrolls, unemployment rate and average-hourly-earnings prints.)
- Additional U.S. releases: initial and continuing jobless claims (weekly), Philly Fed manufacturing index, weekly economic series and regional factory data.
Europe
- Euro area: consumer/confidence surveys, leading indicators; watch for surprise changes that could move EUR.
- UK: retail sales or claimant count dynamics on some weeks.
Other
- Scheduled central-bank speeches or testimony from Fed/BoE/ECB officials could further amplify moves around the U.S. data.
📅Friday, 21 November 2025
End-of-week big pieces
- Business confidence / consumer sentiment finals (e.g., final University of Michigan Consumer Sentiment for the U.S. often appears this week), monthly confidence indexes — these will influence USD risk tone into the weekend.
- Eurozone / UK: final PMI prints in some calendars, country-level retail sales or industrial releases wrapping up the week.
- Major cross-market releases on this day are often shown in forex calendars for Nov 21 — use Friday to digest midweek releases and central-bank commentary for positioning into the next week.
Weekend preview
- Central-bank speeches planned for the weekend or Monday, plus corporate earnings and geopolitical headlines, will be scanned by FX desks after Friday’s NY close.
Priority flags to watch this week:
Fed minutes (Wednesday) — high impact for USD and cross-asset risk.
Rescheduled U.S. jobs report (Thursday Nov 20) — major driver for USD, rates and equities.
Midweek industrial/production and PMI prints — can move EUR/GBP/JPY in thin markets.
Weekly retail snapshots such as Redbook (Tuesday) — useful for USD/commodity sensitivity.
Final PMI / sentiment prints and small central-bank comments into Friday — set bias into next week.
