What’s Ahead: Weekly Macroeconomic Calendar for August 11–August 15, 2025

In the upcoming week, market attention will center on key inflation and GDP indicators due from several major economies. Tuesday and Thursday will be especially active, with the release of US and German inflation data, as well as GDP figures for the UK and Japan. Traders will also watch for remarks from a Fed representative to gain insight into future monetary policy.

Monday, August 11

United Kingdom:
● 11:01 p.m. GMT: BRC Retail Sales Monitor (Year-over-Year) (July). Forecast: 2.1% / Previous: 2.7%. The projected slowdown in retail sales growth could signal weaker consumer demand.

Tuesday, August 12

Australia:
● 4:30 a.m. GMT: Interest Rate Decision (Aug). Forecast: 3.60% / Previous: 3.85%. A rate cut is anticipated, which may weigh on the AUD.

Eurozone:
● 9:00 a.m. GMT: ZEW Economic Sentiment Index (Aug). Forecast: 28.1 / Previous: 36.1. A sharp drop in the index could reflect worsening sentiment in the Eurozone economy.

United States:
● 12:30 p.m. GMT: Core Consumer Price Index (CPI) (Month-over-Month) (July). Forecast: 0.3% / Previous: 0.2%. An increase could intensify inflationary pressure and support the USD.
● At the same time, the CPI (Year-over-Year) (July) will be released. Forecast: 2.8% / Previous: 2.7%. Inflation figures could influence the Fed’s September rate decision.

Wednesday, August 13

Germany:
● 6:00 a.m. GMT: Consumer Price Index (CPI) (Month-over-Month) (July). Forecast: 0.3% / Previous: 0.3%.

United States:
● 2:30 p.m. GMT: Crude Oil Inventories. Previous: -3.029M. An increase in inventories tends to be bearish for oil prices, while a decline typically provides modest support.
● 5:30 p.m. GMT: Speech by FOMC member Bostic. Markets will scrutinize his comments for clues on the Fed’s next policy steps.

Thursday, August 14

United Kingdom:
● 6:00 a.m. GMT: GDP (Quarter-over-Quarter) (Q2). Previous: 0.7%. The annual GDP reading for Q2 will also be released. Previous: 1.3%. Stronger figures would be a positive signal for the GBP.

United States:
● 12:30 p.m. GMT: Initial Jobless Claims. Forecast: 220K / Previous: 226K. A drop in claims suggests potential labor market strength.
● 12:30 p.m. GMT: Producer Price Index (PPI) (Month-over-Month) (July). Forecast: 0.2% / Previous: 0.0%.

Japan:
● 11:50 p.m. GMT: GDP (Quarter-over-Quarter) (Q2). Forecast: 0.1% / Previous: 0.0%. If the result meets or exceeds expectations, it could strengthen the JPY.

Friday, August 15

China:
● 2:00 a.m. GMT: Industrial Production YTD (Year-over-Year) (July). Previous: 6.4%. These figures will provide insight into China’s industrial performance.

United States:
● 12:30 p.m. GMT: Core Retail Sales (Month-over-Month) (July). Forecast: 0.3% / Previous: 0.5%. A decline may indicate weaker consumer demand.
● 12:30 p.m. GMT: Retail Sales (Month-over-Month) (July). Forecast: 0.5% / Previous: 0.6%. A decrease could put pressure on the USD.

Canada:
● 12:30 GMT: Wholesale Sales (Month-over-Month) (June). Forecast: 0.7% / Previous: 0.1%. A strong increase would be a positive sign for the CAD.

Tips for Traders

● This week, pay close attention to US inflation data (CPI on Tuesday and PPI on Thursday), as they could strongly influence Fed policy expectations and drive USD volatility.
● Also, keep an eye on GDP releases from the UK and Japan on Thursday for insight into their economic health.
● Any comments from Fed’s Bostic on Wednesday could shift market sentiment.
● Overall, be prepared for sharp moves in USD, GBP, AUD, and JPY pairs, and stick strictly to risk management.

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