What’s Ahead: Weekly Macroeconomic Calendar for June 23-27, 2025

A packed week ahead with fresh economic data and central bankers stepping up to the mic. Buckle up — volatility is likely, and opportunities are out there!

Monday, June 23

United States:
● 1:45 p.m. GMT: Manufacturing PMI (June): Forecast: 51.1 | Previous: 52.0
● 1:45 p.m. GMT: Services PMI (June): Forecast: 52.9 | Previous: 53.7
● 2:00 p.m. GMT: Existing Home Sales (May): Forecast: 3.96M | Previous: 4.00M

Tuesday, June 24

Canada:
● 12:30 p.m. GMT: Core Consumer Price Index, year-over-year (May): Previous: 2.5%.

United States:
● 2:00 p.m. GMT: CB Consumer Confidence (June): Forecast: 99.1 | Previous: 98.0.
● 2:00 p.m. GMT: Fed Chair Powell speaks. Any comments and surprise tone from Powell could shake up the dollar and affect market sentiments.

Wednesday, June 25

United States:
● 2:00 p.m. GMT: New Home Sales (May): Forecast: 692K | Previous: 743K
● 2:30 p.m. GMT: Crude Oil Inventories: Previous: -11.473M. The oil inventory report is a known catalyst for heightened volatility in the energy markets, often prompting significant price movements upon release.

Thursday, June 26

Eurozone:
● 10:00 a.m. GMT: EU Leaders Summit: It could spark euro moves depending on economic/political chatter.

United Kingdom:
● 11:00 a.m. GMT: Bank of England Governor Bailey is set to speak. Any hints he drops about future policy could nudge the pound one way or the other.

United States:
● 12:30 GMT p.m.: US Q1 GDP (Final): Forecast: -0.2% | Previous: -0.2%.
● 12:30 GMT p.m.: Initial Jobless Claims: Forecast: 247K | Previous: 245K. This is a significant labor market indicator.

Friday, June 27

Canada:
● 12:30 p.m. GMT: Canadian GDP, month-over-month (Apr): Forecast: 0.0% | Previous: 0.1%. A key read on Canada’s economic momentum; this figure can move the Canadian dollar if it surprises.

United States:
● 12:30 p.m. GMT: Core PCE Price Index, year-over-year (May): Previous: 2.5% The Fed’s go-to inflation gauge. Watch for any surprises. It could be the week’s USD mover.

Tips for Traders:

● Keep your eyes on the central bankers: Powell (Tuesday) and Bailey (Thursday) could drop hints that shake up the USD and GBP.
● U.S. data overload incoming: PMI (Monday), consumer confidence (Tuesday), home sales (Monday and Wednesday), GDP and jobless claims (Thursday), and Consumer Price Index (Friday) — all painting a clearer picture of the U.S. economy and where the dollar might head.
● Pay attention to the energy market: Crude inventory numbers on Wednesday could spark some wild price swings in the energy market.
● Stay ready for surprises and use the data drops to make smart, well-timed trading moves!

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