Upcoming economic events 18 March 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
10:00		2 points	Trade Balance (Jan)	14.1B	15.5B
10:00		2 points	ZEW Economic Sentiment (Mar)	43.6	24.2
12:30		2 points	Building Permits (Feb)	1.450M	1.473M
12:30		2 points	Export Price Index (MoM) (Feb)	2.0%	1.3%
12:30		2 points	Housing Starts (Feb)	1.380M	1.366M
12:30		2 points	Housing Starts (MoM) (Feb)	———-	-9.8%
12:30		2 points	Import Price Index (MoM) (Feb)	-0.1%	0.3%
13:15		2 points	Industrial Production (MoM) (Feb)	0.2%	0.5%
13:15		2 points	Industrial Production (YoY) (Feb)	———-	2.00%
17:00		2 points	20-Year Bond Auction	———-	4.830%
17:15		2 points	Atlanta Fed GDPNow (Q1)	-2.1%	-2.1%
20:00		2 points	Westpac Consumer Sentiment (Q1)	———-	97.5
20:30		2 points	API Weekly Crude Oil Stock	———-	4.247M
21:45		2 points	Current Account (YoY) (Q4)	———-	-26.99B
21:45		2 points	Current Account (QoQ) (Q4)	-6.66B	-10.58B
23:50		2 points	Adjusted Trade Balance	0.51T	-0.86T
23:50		2 points	Exports (YoY) (Feb)	12.1%	7.2%
23:50		2 points	Trade Balance (Feb)	722.8B	-2,758.8B

Summary of Upcoming Economic Events on March 18, 2025

Europe (🇪🇺) – 10:00 UTC

1. Trade Balance (Jan)
   • Forecast: €14.1B
   • Previous: €15.5B
   • A lower trade surplus could indicate slower export demand, affecting EUR.
2. ZEW Economic Sentiment (Mar)
   • Forecast: 43.6
   • Previous: 24.2
   • Strong improvement may signal optimism about the EU economy, bullish for EUR & stocks.

United States (🇺🇸)

3. Building Permits (Feb) (12:30 UTC)
   • Forecast: 1.450M
   • Previous: 1.473M
   • Declining permits signal slower housing activity, cautious for USD & real estate stocks.
4. Export Price Index (MoM) (Feb) (12:30 UTC)
   • Forecast: 2.0%
   • Previous: 1.3%
   • Rising prices increase U.S. export competitiveness, positive for USD & inflation outlook.
5. Housing Starts (Feb) (12:30 UTC)
   • Forecast: 1.380M
   • Previous: 1.366M
   • Increase = positive housing market sentiment, supports homebuilder stocks.
6. Import Price Index (MoM) (Feb) (12:30 UTC)
   • Forecast: -0.1%
   • Previous: 0.3%
   • Falling import prices suggest lower inflationary pressure, could soften Fed rate stance.
7. Industrial Production (MoM) (Feb) (13:15 UTC)
   • Forecast: 0.2%
   • Previous: 0.5%
   • Slower growth indicates cooling manufacturing, may weigh on USD & stocks.
8. 20-Year Bond Auction (17:00 UTC)
   • Previous Yield: 4.830%
   • High demand = bullish for bonds, bearish for USD.
9. Atlanta Fed GDPNow (Q1) (17:15 UTC)
   • Previous: -2.1%
   • Weak reading signals economic slowdown, could weigh on USD & equities.
10. API Weekly Crude Oil Stock (20:30 UTC)

• Previous: 4.247M
• Higher inventories could pressure oil prices, bearish for energy stocks.

New Zealand (🇳🇿)

11. Westpac Consumer Sentiment (Q1) (20:00 UTC)

• Previous: 97.5
• Low consumer confidence may weigh on NZD.

12. Current Account (QoQ) (Q4) (21:45 UTC)

• Forecast: -6.66B
• Previous: -10.58B
• Smaller deficit = positive for NZD, but long-term risks remain.

Japan (🇯🇵) – 23:50 UTC

13. Adjusted Trade Balance (Feb)

• Forecast: ¥0.51T
• Previous: ¥-0.86T
• Return to surplus = bullish for JPY.

14. Exports (YoY) (Feb)

• Forecast: 12.1%
• Previous: 7.2%
• Stronger exports = positive for JPY & equities.

15. Trade Balance (Feb)

• Forecast: ¥722.8B
• Previous: ¥-2,758.8B
• A trade surplus could boost JPY demand.

Market Impact Analysis

• EUR: ZEW Sentiment & trade data key for direction.
• USD: Housing, industrial data & Fed GDPNow to influence sentiment.
• NZD: Consumer confidence & current account data may drive volatility.
• JPY: Trade surplus & export strength could lift JPY.
• Oil: API crude inventories will affect energy stocks & oil prices.

Overall Impact Score: 7/10

Key Focus: ZEW Sentiment, U.S. industrial production, Japan’s trade balance.