What’s Ahead: Weekly Macroeconomic Calendar for October 13 – October 17, 2025

  •  
  •  
news

This week is shaping up to be quite intense, with multiple high-impact events that could shake the markets. All eyes will be on key US inflation and retail sales figures, as well as the Fed Chair’s speech. The OPEC report and oil inventory data could inject additional volatility into the commodity space. Get ready for quick market moves!

Monday, October 13

United States
11:00 a.m. GMT: OPEC Monthly Report. IMPORTANT FOR OIL! The report may either confirm or challenge the current bearish sentiment in the market.

Tuesday, October 14

Germany:
● 6:00 a.m. GMT: German Consumer Price Index (CPI) (Month-over-Month) (September). Previous: 0.2%; Forecast: 0.2%. These data are crucial for the EUR. Inflation is a core driver for the ECB. Any deviation from the forecast could trigger moves in the EUR/USD pair.

Eurozone:
● 9:00 a.m. GMT: ZEW Economic Sentiment (October). Previous: 30.2%; Forecast: 26.1%. This is a key measure of confidence in the eurozone economy. Positive results will support the euro, while weak data could add pressure.

United States:
4:20 p.m. GMT: Fed Chair Powell’s Speech. KEY FOR THE USD! Any remarks about monetary policy, inflation, or the economic outlook could fuel strong volatility in both the dollar and equity indices.

Wednesday, October 15

United States:
● 12:30 p.m. GMT: Core CPI (Month-over-Month) (September). Previous: 0.3%; Forecast: 0.3%. KEY INFLATION METRIC FOR THE USD! Excluding volatile food and energy prices, Core CPI is the Fed’s main gauge when deciding on interest rates.
● 12:30 p.m. GMT: CPI (Year-over-Year) (September). Previous: 2.9%. This indicator shows the overall pace of price growth. Strong readings will lend support to the dollar.
● 12:30 p.m. GMT: CPI (Month-over-Month) (September). Previous: 0.3%; Forecast: 0.4%. This is another important inflation metric. The triple CPI release at 12:30 GMT could trigger sharp USD volatility.

Thursday, October 16

United Kingdom
● 6:00 a.m. GMT: GDP (Month-over-Month) (August). Previous: 0.1%; Forecast: 0.0%. This is a key metric for the GBP. Growth will strengthen the pound, while stagnation or decline could weigh on it.

United States:
● 12:30 p.m. GMT: Core Retail Sales (Month-over-Month) (September). Previous: 0.3%; Forecast: 0.7%. This indicator reflects consumer spending trends that shape inflation and overall economic growth. It also reveals consumer “health.”.
● 12:30 p.m. GMT: Initial Jobless Claims. Previous: 223K; Forecast: 218K. It gauges labor market conditions. Rising claims are negative for the dollar.
● 12:30 p.m. GMT: Philadelphia Fed Manufacturing Index (October). Previous: 9.1; Forecast: 23.2. This index measures activity in the manufacturing sector. Strong results are dollar-positive.
12:30 p.m. GMT: Producer Price Index (PPI) (Month-over-Month) (September). Previous: 0.3%; Forecast: -0.1%. This is a leading inflation indicator that may hint at future CPI trends.
12:30 p.m. GMT: Retail Sales (Month-over-Month) (September). Previous: 0.4%; Forecast: 0.6%. This indicator offers a comprehensive look at total retail activity. Expect elevated volatility across all US releases at 12:30 GMT.
4:00 p.m. GMT: Crude Oil Inventories. Prev. 3.715M. This weekly report traditionally drives short-term swings in oil prices.

Friday, October 17

Eurozone
●9:00 a.m. GMT: CPI (Year-over-Year) (September). Previous: 2.2%; Forecast: 2.2%. Final eurozone inflation data. Confirmation or deviation from expectations will move the EUR.

United States:
12:30 a.m. GMT: Average Hourly Earnings (Month-over-Month) (September). Previous: 0.3%; Forecast: 0.3%. Wage growth is a major inflation driver and a signal of labor market strength.
12:30 p.m. GMT: Nonfarm Payrolls (September). Previous: 52K; Forecast: 22K. A KEY EVENT FOR THE USD! Despite a weak forecast, NFP remains a top indicator of labor market dynamics.
12:30 p.m. GMT: Unemployment Rate (September). Previous: 4.3%; Forecast: 4.3%. Together with NFP and earnings data, it will create a powerful mix of volatility for the USD.

Tips for Traders


 ● Focus on the United States: Wednesday and Thursday are crucial for the dollar with major inflation and retail data, plus Powell’s remarks. Friday’s NFP could further amplify volatility.
 ● Oil in focus: The OPEC report and inventory data may trigger price moves, but the broader sentiment stays bearish.
 ● Eurozone watch: Inflation and sentiment readings will set the tone for the EUR.
 ● Risk management: With such a packed week, strict stop-loss discipline and position sizing are essential. Stay alert for sharp, fast moves!