Upcoming economic events 17 April 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Employment Change (Mar)	40.2K	-52.8K
01:30		2 points	Full Employment Change (Mar)	———-	-35.7K
01:30		2 points	Unemployment Rate (Mar)	4.2%	4.1%
01:30		2 points	BoJ Board Member Nakagawa Speaks	———-	———-
12:15		2 points	ECB Marginal Lending Facility	———-	2.90%
12:15		2 points	ECB Monetary Policy Statement	———-	———-
12:30		2 points	Building Permits (Mar)	1.450M	1.459M
12:30		2 points	Continuing Jobless Claims	———-	1,850K
12:30		2 points	Housing Starts (MoM) (Mar)	———-	11.2%
12:30		2 points	Housing Starts (Mar)	1.420M	1.501M
12:30		3 points	Initial Jobless Claims	225K	223K
12:30		3 points	Philadelphia Fed Manufacturing Index (Apr)	3.1	12.5
12:30		2 points	Philly Fed Employment (Apr)	———-	19.7
12:45		3 points	ECB Press Conference	———-	———-
13:15		3 points	Deposit Facility Rate (Apr)	2.25%	2.50%
13:15		3 points	ECB Interest Rate Decision (Apr)	2.40%	2.65%
14:30		2 points	Atlanta Fed GDPNow (Q1)	———-	———-
15:45		2 points	Fed Vice Chair for Supervision Barr Speaks	———-	———-
17:00		2 points	5-Year TIPS Auction	———-	2.121%
17:00		2 points	U.S. Baker Hughes Oil Rig Count	———-	———-
17:00		2 points	U.S. Baker Hughes Total Rig Count	———-	———-
23:30		2 points	National Core CPI (YoY) (Mar)	3.2%	3.0%
23:30		2 points	National CPI (MoM) (Mar)	———-	-0.1%

Summary of Upcoming Economic Events on April 17, 2025

Australia (🇦🇺)

1. Employment Change (Mar) – 01:30 UTC
   • Forecast / Previous: 40.2K / -52.8K
   • Market Impact: A strong rebound in employment could strengthen the Australian dollar (AUD), especially if accompanied by full-time job growth.
2. Unemployment Rate (Mar) – 01:30 UTC
   • Forecast / Previous: 4.2% / 4.1%
   • Market Impact: Any unexpected rise may weaken the AUD due to concerns about labor market slack.

Japan (🇯🇵)

3. BoJ Board Member Nakagawa Speaks – 01:30 UTC
   • Market Impact: May offer insight into the Bank of Japan’s policy direction and inflation outlook.
4. National Core CPI (YoY) (Mar) – 23:30 UTC
   • Forecast / Previous: 3.2% / 3.0%
   • Market Impact: Higher-than-expected inflation could strengthen the yen and raise expectations for policy normalization.

Eurozone (🇪🇺)

5. ECB Rate Decisions & Press Conference – From 12:15 UTC
   • Deposit Facility Rate: Forecast 2.25% (Previous: 2.50%)
   • Main Interest Rate: Forecast 2.40% (Previous: 2.65%)
   • Market Impact: Rate cuts would weigh on the euro (EUR), while any hawkish tone in the press conference could moderate losses.

United States (🇺🇸)

6. Initial Jobless Claims – 12:30 UTC
   • Forecast / Previous: 225K / 223K
   • Market Impact: A key indicator for labor market health. A rise may weaken the USD.
7. Philadelphia Fed Manufacturing Index (Apr) – 12:30 UTC
   • Forecast / Previous: 3.1 / 12.5
   • Market Impact: A sharp drop could signal slowing regional manufacturing activity, impacting equity and USD sentiment.
8. Housing Data – 12:30 UTC
   • Building Permits & Housing Starts:
     • Forecast / Previous (Permits): 1.450M / 1.459M
     • Forecast / Previous (Starts): 1.420M / 1.501M
   • Market Impact: Weaker housing data may signal declining demand and impact the real estate and construction sectors.
9. Atlanta Fed GDPNow Estimate – 14:30 UTC
   • Market Impact: Provides real-time GDP growth tracking. A sharp revision may shift market expectations.
10. FOMC Member Speeches – Throughout the Day
    • Speakers: Barr and others
    • Market Impact: Comments on inflation, employment, or interest rate outlooks could drive USD and bond market reactions.

Market Impact Analysis

• AUD: Sensitive to employment surprises; a rebound may strengthen AUD.
• JPY: Inflation data will guide expectations for BoJ policy direction.
• EUR: Focused on potential ECB rate cuts; dovish signals could weigh on the euro.
• USD: Labor market and manufacturing data are crucial for growth and inflation trends.

Overall Impact Score: 8/10

Key Focus: ECB policy decisions, U.S. labor and housing data, and Australian employment figures. Markets will be watching for signals of economic resilience or weakening momentum across regions.