A busy macro week across the US, Europe, China and Asia with central-bank speeches, regional confidence surveys, a cluster of production/retail prints, and several scheduled Fed / central bank speaker appearances. Market participants will watch UK and German labor and sentiment updates, Eurozone inflation snapshots, China activity data, and US producer/retail prints. October 13 is a US federal holiday for some institutions which can affect US data flow, and certain US releases may be delayed due to government operations; Fed remarks midweek are a key focal point for rates expectations.
📅 Monday, 13 October 2025
US federal holiday observed (Columbus Day / Indigenous Peoples’ Day) — partial closures for federal offices; markets and data flow may be affected.
Bank holiday / local holidays in various countries (check local calendars).
Early-week Asian prints and indicators:
- Japan: regional manufacturing and service sector surveys; business sentiment updates.
- China: activity indicators, commodity import/export snapshots, occasional local PMI releases (monthly).
Europe / UK:
- UK: light calendar but ongoing commentary from policymakers and labor market microdata may be published.
- Germany / Eurozone: occasional scheduled confidence/sentiment releases from private institutes.
Scheduled central bank speeches / appearances from various global officials (non-major scheduled rate decisions).
Corporate / bank earnings season: selective bank and corporate reports may appear (regional earnings).
Market notes: low liquidity windows during US federal holiday can amplify moves in Asia/EM sessions.
📅 Tuesday, 14 October 2025
Major central banker appearance: Fed Chair speech / appearance expected at a public event (market focal point for policy tone and rate guidance).
Eurozone / Europe:
- Germany: ZEW Economic Sentiment (investor sentiment survey).
- Eurozone: business sentiment / confidence snapshots from private institutes.
- UK: labor market micro-updates, speeches from MPC members.
US:
- NFIB Small Business Index and other tentative small-scale indicators.
- Several Fed speakers scheduled (regional Fed presidents / Governors).
Canada / Australia / NZ:
- Building permits and select housing or construction prints (Canada).
- Australia: labor or trade minor prints; commentary from RBA-adjacent officials possible.
EM / Asia:
- China: any scheduled monthly or weekly trade/production micro-releases.
Market notes: data and central bank commentary could move rates expectations; many events marked tentative if government data disruptions persist
📅 Wednesday, 15 October 2025
US headline data cluster:
- Producer Price Index (PPI) / PPI core — major US inflation underlier watched by bond and FX markets.
- Retail sales (monthly) and industrial production reports (may appear around midweek depending on schedule).
- Empire State Manufacturing / regional manufacturing gauges (Fed-district).
Europe:
- UK: official labor market updates, wage/inflation microprints.
- Eurozone: secondary inflation or industrial updates from national agencies.
Asia / Oceania:
- China: possible CPI or PPI monthly prints or trade statistics (if scheduled).
- Australia / NZ: monthly labour or trade micro-data/comments.
Central bank speakers: multiple Fed and central bank officials due to conferences and panel appearances.
Market notes: midweek brings higher data density — watch USD volatility around PPI/retail prints and European inflation tidbits.
📅 Thursday, 16 October 2025
- Europe:
- Eurozone / Germany: additional sentiment or inflation flash reads (where scheduled).
- UK: PMI releases may appear later in the week in some calendars; watch for policy commentary.
- US:
- Housing starts / building permits (if not shifted), weekly jobless claims (may be affected by government operations), continued Fed speakers.
- Durable goods or other monthly business investment indicators sometimes scheduled.
- Asia:
- Japan: machine orders / industrial gauges may be published.
- China: industrial production, retail sales, fixed asset investment (depending on the month’s release cadence).
- Canada:
- Housing or manufacturing micro-releases (building permits, inventories).
- Market notes: thin liquidity pockets may move cross-pairs; PMI/industrial prints in Europe/Asia can guide risk-flavored FX flows.
📅Friday, 17 October 2025
Weekly / monthly wrap:
- US: final weekly markers (jobless claims if published), regional surveys and any delayed items getting published after earlier shifts.
- Eurozone / UK: monthly final flash inflation or industrial production updates where scheduled.
- Japan, Australia: activity snapshots and business sentiment.
Global PMIs (if this week contains PMI flash releases, typically mid-to-late month): services / manufacturing flash prints often dominate FX on Fridays when released.
Weekend events / commentary: IMF/World Bank or global meetings commentary (if overlapping with Annual Meetings), geopolitical headlines that can carry into FX risk sentiment.
Market notes: end-of-week positioning and flows, rollovers and month-to-date portfolio adjustments.
Additional recurring / watchlist items this week
- Watch for Fed Chair / Fed speakers midweek — tone on policy and economic outlook will be market moving.
- Be aware of the US federal holiday (October 13) — some US data may be delayed or rescheduled; check any tentative tags on US releases.
- Key data likely to swing FX: US PPI/retail prints, European sentiment/inflation snapshots, China activity prints, and regional manufacturing gauges.
- Central-bank commentary and bank earnings will add event risk; monitor scheduled speeches and major bank Q3 results through the week.
