
Summary of Upcoming Economic Events on May 15, 2025
Australia (🇦🇺)
Employment Change (Apr) – 01:30 UTC
- Forecast: 20.9K | Previous: 32.2K
Full Employment Change (Apr) – 01:30 UTC - Previous: 15.0K
Unemployment Rate (Apr) – 01:30 UTC - Forecast: 4.1% | Previous: 4.1%
Market Impact:
- Stable labor data would support a neutral RBA stance.
- A surprise in unemployment or job creation could shift AUD sentiment.
Eurozone (🇪🇺)
ECB’s Elderson Speaks – 07:50 UTC
EU Economic Forecasts – 09:00 UTC
GDP (QoQ) (Q1) – 09:00 UTC
- Forecast: 0.4% | Previous: 0.2%
GDP (YoY) (Q1) – 09:00 UTC - Forecast: 1.2% | Previous: 1.2%
Industrial Production (MoM) (Mar) – 09:00 UTC - Forecast: 1.7% | Previous: 1.1%
ECB’s De Guindos Speaks – 10:15 UTC
Market Impact:
- A strong GDP and production print would support euro strength.
- ECB commentary could guide expectations for June’s meeting.
United States (🇺🇸)
Continuing Jobless Claims – 12:30 UTC
- Forecast: 1,890K | Previous: 1,879K
Core PPI (MoM) (Apr) – 12:30 UTC - Forecast: 0.3% | Previous: -0.1%
Core Retail Sales (MoM) (Apr) – 12:30 UTC - Forecast: 0.3% | Previous: 0.5%
Initial Jobless Claims – 12:30 UTC - Forecast: 229K | Previous: 228K
NY Empire State Manufacturing Index (May) – 12:30 UTC - Forecast: -7.90 | Previous: -8.10
Philadelphia Fed Manufacturing Index (May) – 12:30 UTC - Forecast: -9.9 | Previous: -26.4
Philly Fed Employment (May) – 12:30 UTC - Previous: 0.2
PPI (MoM) (Apr) – 12:30 UTC - Forecast: 0.2% | Previous: -0.4%
Retail Control (MoM) (Apr) – 12:30 UTC - Forecast: 0.3% | Previous: 0.4%
Retail Sales (MoM) (Apr) – 12:30 UTC - Forecast: 0.0% | Previous: 1.4%
Fed Chair Powell Speaks – 12:40 UTC
Industrial Production (MoM) (Apr) – 13:15 UTC - Forecast: 0.2% | Previous: -0.3%
Business Inventories (MoM) (Mar) – 14:00 UTC - Forecast: 0.2% | Previous: 0.2%
Retail Inventories Ex Auto (Mar) – 14:00 UTC - Forecast: 0.4% | Previous: 0.1%
Atlanta Fed GDPNow (Q2) – 17:00 UTC - Forecast: 2.3% | Previous: 2.3%
Fed Vice Chair Barr & Fed Chair Powell Speak – Throughout the Day
Fed’s Balance Sheet – 20:30 UTC - Previous: $6,711B
Market Impact:
- Broad-based inflation and retail data set the tone for Fed rate path.
- Powell’s speech is pivotal for policy trajectory; markets are highly sensitive to hawkish/dovish shifts.
New Zealand (🇳🇿)
Business NZ PMI (Apr) – 22:30 UTC
- Previous: 53.2
Market Impact:
- Above 50 supports NZD through manufacturing strength; below 50 may trigger rate cut bets.
Japan (🇯🇵)
GDP (YoY) (Q1) – 23:50 UTC
- Forecast: -0.2% | Previous: 2.2%
GDP (QoQ) (Q1) – 23:50 UTC - Forecast: -0.1% | Previous: 0.6%
GDP Price Index (YoY) (Q1) – 23:50 UTC - Forecast: 3.2% | Previous: 2.9%
Market Impact:
- Contraction signals potential for BOJ easing or delayed normalization.
Overall Market Impact Score: 7/10
Key Focus:
U.S. retail and inflation data, Powell’s speech, and Japan GDP will drive global market sentiment.