Upcoming economic events 15 January 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
03:15		2 points	ECB’s Lane Speaks	———-	———-
08:00		2 points	ECB’s De Guindos Speaks	———-	———-
09:00		2 points	IEA Monthly Report	———-	———-
10:00		2 points	Industrial Production (MoM) (Nov)	0.3%	0.0%
13:30		2 points	Core CPI (YoY) (Dec)	3.3%	3.3%
13:30		3 points	Core CPI (MoM) (Dec)	0.2%	0.3%
13:30		3 points	CPI (YoY) (Dec)	2.9%	2.7%
13:30		3 points	CPI (MoM) (Dec)	0.4%	0.3%
13:30		2 points	NY Empire State Manufacturing Index (Jan)	-0.30	0.20
15:00		2 points	FOMC Member Kashkari Speaks	———-	———-
15:30		3 points	Crude Oil Inventories	-3.500M	-0.959M
15:30		2 points	Cushing Crude Oil Inventories	———-	-2.502M
16:00		2 points	FOMC Member Williams Speaks	———-	———-
19:00		2 points	Beige Book	———-	———-

Summary of Upcoming Economic Events on January 15, 2025

European Union

1. ECB’s Lane Speaks (03:15 UTC):
   Insight into monetary policy and inflation expectations.
2. ECB’s De Guindos Speaks (08:00 UTC):
   May address the ECB’s economic outlook, impacting the EUR.
3. Industrial Production (MoM) (Nov) (10:00 UTC):
   • Forecast: 0.3%, Previous: 0.0%.
     A stronger reading suggests recovery in the eurozone’s industrial sector, supporting the EUR.

United States

4. Core CPI (YoY & MoM) (13:30 UTC):
   • YoY Forecast: 3.3%, Previous: 3.3%.
   • MoM Forecast: 0.2%, Previous: 0.3%.
     Measures underlying inflation trends, closely watched by the Fed.
5. CPI (YoY & MoM) (13:30 UTC):
   • YoY Forecast: 2.9%, Previous: 2.7%.
   • MoM Forecast: 0.4%, Previous: 0.3%.
     Headline inflation gauges overall price changes; higher readings could signal persistent inflationary pressures.
6. NY Empire State Manufacturing Index (13:30 UTC):
   • Forecast: -0.30, Previous: 0.20.
     Reflects manufacturing activity in New York; a decline indicates contraction in the sector.
7. FOMC Member Kashkari Speaks (15:00 UTC):
   Comments from this hawkish member may shed light on future rate paths.
8. Crude Oil Inventories (15:30 UTC):
   • Forecast: -3.500M, Previous: -0.959M.
     A larger-than-expected draw supports oil prices.
9. Cushing Crude Oil Inventories (15:30 UTC):
   Reflects storage trends at the U.S.’s main delivery hub, influencing crude prices.
10. FOMC Member Williams Speaks (16:00 UTC):
    A key voting member’s outlook on economic conditions and monetary policy.
11. Beige Book (19:00 UTC):
    Regional economic reports that provide insights into the state of the U.S. economy, influencing market sentiment.

Market Impact Analysis

1. EUR Impact:
   • Hawkish or optimistic comments from Lane and De Guindos could strengthen the EUR.
   • Positive industrial production data reinforces confidence in the eurozone economy.
2. USD Impact:
   • Stable or rising CPI increases the likelihood of continued Fed tightening, supporting the USD.
   • Negative manufacturing data or dovish commentary could weigh on the USD.
3. Oil Market Impact:
   • A significant inventory draw may push crude prices higher, benefiting energy stocks and the CAD.

Volatility & Impact Score

• Volatility: High (U.S. inflation data and crude oil reports).
• Impact Score: 8/10 – U.S. inflation data, oil inventory reports, and Fed commentary hold potential for market-moving events.