Jeremy Oles

Published On: 16/06/2025
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Upcoming economic events 17 June 2025
By Published On: 16/06/2025
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
02:30🇯🇵2 pointsBoJ Monetary Policy Statement———-———-
03:00🇯🇵3 pointsBoJ Interest Rate Decision0.50%0.50%
06:30🇯🇵2 pointsBoJ Press Conference———-———-
08:00🇺🇸2 pointsIEA Monthly Report———-———-
09:00🇪🇺2 pointsZEW Economic Sentiment (Jun)23.511.6
12:30🇺🇸3 pointsCore Retail Sales (MoM) (May)0.2%0.1%
12:30🇺🇸2 pointsExport Price Index (MoM) (May)-0.1%0.1%
12:30🇺🇸2 pointsImport Price Index (MoM) (May)-0.3%0.1%
12:30🇺🇸2 pointsRetail Control (MoM) (May)———--0.2%
12:30🇺🇸3 pointsRetail Sales (MoM) (May)-0.6%0.1%
13:15🇺🇸2 pointsIndustrial Production (MoM) (May)0.0%0.0%
13:15🇺🇸2 pointsIndustrial Production (YoY) (May)———-1.49%
14:00🇺🇸2 pointsBusiness Inventories (MoM) (Apr)0.0%0.1%
14:00🇺🇸2 pointsRetail Inventories Ex Auto (Apr)0.3%0.3%
17:00🇺🇸2 points5-Year TIPS Auction———-1.702%
17:00🇺🇸2 pointsAtlanta Fed GDPNow (Q2)  3.8%3.8%
20:30🇺🇸2 pointsAPI Weekly Crude Oil Stock———--0.370M
21:00🇳🇿2 pointsWestpac Consumer Sentiment———-89.2
22:45🇳🇿2 pointsCurrent Account (YoY) (Q1)———--26.40B
22:45🇳🇿2 pointsCurrent Account (QoQ) (Q1)-2.19B-7.04B
23:50🇯🇵2 pointsAdjusted Trade Balance-0.38T-0.41T
23:50🇯🇵2 pointsExports (YoY) (May)-3.8%2.0%
23:50🇯🇵2 pointsTrade Balance (May)-893.0B-115.8B

Summary of Upcoming Economic Events on June 17, 2025

Japan

1. BoJ Monetary Policy Statement – 02:30 UTC

2. BoJ Interest Rate Decision – 03:00 UTC

  • Forecast: 0.50% | Previous: 0.50%
  • Market Impact:
    • No change expected, but market focus will be on forward guidance regarding inflation and yield curve control.
    • Any hawkish surprises (hints at further tightening) would strengthen JPY and pressure Japanese equities.
    • Continued dovishness may weaken JPY.

3. BoJ Press Conference – 06:30 UTC

  • Market Impact:
    • Tone of the conference will provide further clarity on the BoJ’s tightening bias and policy exit strategy.

4. Adjusted Trade Balance, Exports & Trade Balance (May) – 23:50 UTC

  • Adjusted Trade Balance Forecast: -0.38T | Previous: -0.41T
  • Exports (YoY) Forecast: -3.8% | Previous: 2.0%
  • Trade Balance Forecast: -893.0B | Previous: -115.8B
  • Market Impact:
    • Weak exports signal external demand softness, potentially weakening JPY.
    • Worsening trade balance could fuel further economic headwinds.

Eurozone

5. ZEW Economic Sentiment (Jun) – 09:00 UTC

  • Forecast: 23.5 | Previous: 11.6
  • Market Impact:
    • Improvement would signal rising investor confidence in the Eurozone recovery, supporting EUR.
    • A weak reading may point to persistent growth risks.

United States

6. IEA Monthly Report – 08:00 UTC

  • Market Impact:
    • Important for global oil supply/demand forecasts.
    • Could move oil prices, energy equities, and inflation expectations.

7. Core Retail Sales (MoM) (May) – 12:30 UTC

  • Forecast: 0.2% | Previous: 0.1%

8. Retail Sales (MoM) (May) – 12:30 UTC

  • Forecast: -0.6% | Previous: 0.1%

9. Retail Control (MoM) (May) – 12:30 UTC

  • Previous: -0.2%
  • Market Impact:
    • Weak retail sales would confirm consumer spending slowdown, supporting Fed rate cut expectations.
    • Resilience may reduce market expectations for cuts.

10. Export & Import Price Index (MoM) (May) – 12:30 UTC

  • Export Forecast: -0.1% | Previous: 0.1%
  • Import Forecast: -0.3% | Previous: 0.1%
  • Market Impact:
    • Disinflationary pressures may support dovish Fed narrative.

11. Industrial Production (MoM & YoY) (May) – 13:15 UTC

  • MoM Forecast: 0.0% | Previous: 0.0%
  • YoY Previous: 1.49%
  • Market Impact:
    • Stagnation in production reinforces economic moderation, adding to dovish expectations.

12. Business Inventories & Retail Inventories Ex Auto (Apr) – 14:00 UTC

  • Business Inventories Forecast: 0.0% | Previous: 0.1%
  • Retail Inventories Forecast: 0.3% | Previous: 0.3%
  • Market Impact:
    • Inventory adjustments may influence Q2 GDP tracking.

13. 5-Year TIPS Auction – 17:00 UTC

  • Previous Yield: 1.702%
  • Market Impact:
    • Demand signals for inflation-protected securities reflect market views on inflation persistence.

14. Atlanta Fed GDPNow (Q2) – 17:00 UTC

  • Forecast & Previous: 3.8%
  • Market Impact:
    • Stable strong growth estimate keeps Fed in a policy dilemma between inflation and slowing consumption.

15. API Weekly Crude Oil Stock – 20:30 UTC

  • Previous: -0.370M
  • Market Impact:
    • Draws support oil prices and energy equities; builds may cap oil prices.

New Zealand

16. Westpac Consumer Sentiment – 21:00 UTC

  • Previous: 89.2
  • Market Impact:
    • A weak reading reflects consumer caution, potentially pressuring NZD.

17. Current Account (QoQ & YoY) (Q1) – 22:45 UTC

  • QoQ Forecast: -2.19B | Previous: -7.04B
  • YoY Previous: -26.40B
  • Market Impact:
    • Improvements may support NZD, but persistent deficits remain a headwind for external stability.

Market Impact Analysis

  • U.S. retail sales, industrial production, and inflation components will dominate global market direction.
  • BoJ meeting and trade data will provide significant direction for JPY.
  • Eurozone sentiment could impact EUR recovery narrative.
  • New Zealand current account data may move NZD modestly.
  • Energy markets may react to both the IEA report and API stock data.

Overall Impact Score: 9/10

Key Focus:
A high-volatility day with multiple Tier-1 events: BoJ policy decision, U.S. retail sales, Fed inflation signals, Eurozone sentiment, and New Zealand balance of payments data. All major asset classes — FX, equities, bonds, oil, and commodities — are likely to see sharp moves depending on surprises.