Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | | Previous |
| 01:30 |  | 2 points | Employment Change (May) | ———- | ———- |
| 01:30 | | 2 points | Full Employment Change (May) | 20.6K | 89.0K |
| 01:30 | | 2 points | Unemployment Rate (May) | ———- | 59.5K |
| 07:30 |  | 2 points | ECB President Lagarde Speaks | 4.1% | 4.1% |
| 09:45 | | 2 points | ECB’s De Guindos Speaks | ———- | ———- |
| 10:00 | | 2 points | Eurogroup Meetings | ———- | ———- |
| 10:30 | | 2 points | ECB President Lagarde Speaks | ———- | ———- |
| 23:30 |  | 2 points | National Core CPI (YoY) (May) | 3.6% | 3.5% |
| 23:30 | | 2 points | National CPI (MoM) (May) | ———- | 0.3% |
| 23:30 | | 2 points | Monetary Policy Meeting Minutes | ———- | ———- |
Summary of Upcoming Economic Events on June 19, 2025
Australia
1. Employment Change & Full‑Time Employment (May) – 01:30 UTC
- Full-Time Employment (May): Actual 20.6K vs Previous: 89.0K investing.com+1forexfactory.com+1
- Market Impact:
- A substantial drop from April’s gain signals softening labor demand, likely weighing on AUD and raising doubts over imminent policy easing.
- If unemployment rate rises (data pending), this may increase speculation around a July rate cut from RBA.
Eurozone
2. ECB President Lagarde Speaks – 07:30 & 10:30 UTC
3. ECB’s De Guindos Speaks – 09:45 UTC
4. Eurogroup Meetings – 10:00 UTC
- Market Impact:
- These appearances occur shortly after the ECB’s 25bp rate cut and are critical in clarifying policy trajectory investing.com+1theaustralian.com.au+1theguardian.com.
- Hawkish comments would support EUR and bond yields; dovish or cautious tone could maintain euro-range versus USD ahead of upcoming data.
Japan
5. National Core CPI (YoY) (May) – 23:30 UTC
- Forecast: 3.6% | Previous: 3.5%
- Market Impact:
- A rise in core inflation may prompt speculation on future BoJ tightening, supporting JPY.
- A miss or cooling CPI could weaken the yen and push back expectations of normalization.
6. National CPI (MoM) (May) – 23:30 UTC
7. BoJ Meeting Minutes Published – 23:30 UTC
- Market Impact:
- These minutes will provide insight into BoJ’s deliberations, with clarity on easing exit measures influencing JPY volatility.
Market Impact Analysis
- Australia: A sharp slowdown in full-time job creation weakens AUD and reinforces easing expectations.
- Eurozone: ECB speakers may provide fresh clues on whether the 19 Jun rate cut was a one-time move or start of a path, affecting EUR.
- Japan: CPI surprise and BoJ minutes could sway JPY and bond yields, especially with global rate momentum building.
- Global: A coordinated wave of central bank commentary and inflation data will likely trigger moderate to elevated volatility in FX, especially AUD, EUR, JPY, and global bond markets.
