Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 04:00 |  | 2 points | ECB President Lagarde Speaks | ———- | ———- |
| 05:00 | | 2 points | ECB Economic Bulletin | ———- | ———- |
| 06:00 | | 2 points | EU Leaders Summit | ———- | ———- |
| 07:00 | | 2 points | ECB Economic Bulletin | ———- | ———- |
| 08:00 | | 2 points | ECB’s Lane Speaks | ———- | ———- |
| 08:30 |  | 2 points | Continuing Jobless Claims | 1,890K | 1,870K |
| 08:30 | | 2 points | Current Account (Q4) | -330.0B | -310.9B |
| 08:30 | | 3 points | Initial Jobless Claims | 224K | 220K |
| 08:30 | | 3 points | Philadelphia Fed Manufacturing Index (Mar) | 8.8 | 18.1 |
| 08:30 | | 2 points | Philly Fed Employment (Mar) | ———- | 5.3 |
| 10:00 | | 2 points | Existing Home Sales (MoM) (Feb) | ———- | -4.9% |
| 10:00 | | 3 points | Existing Home Sales (Feb) | 3.95M | 4.08M |
| 10:00 | | 2 points | US Leading Index (MoM) (Feb) | -0.2% | -0.3% |
| 13:00 | | 2 points | 10-Year TIPS Auction | ———- | 2.243% |
| 16:30 | | 2 points | Fed’s Balance Sheet | ———- | 6,760B |
| 19:30 |  | 2 points | National Core CPI (YoY) (Feb) | 2.9% | 3.2% |
| 19:30 | | 2 points | National CPI (MoM) (Feb) | ———- | 0.5% |
Summary of Upcoming Economic Events on March 20, 2025
Eurozone (🇪🇺)
- ECB President Lagarde Speaks (04:00 UTC)
- ECB Economic Bulletin (05:00 & 07:00 UTC)
- EU Leaders Summit (06:00 UTC)
- ECB Chief Economist Lane Speaks (08:00 UTC)Market Impact:
- Any dovish tone from Lagarde or Lane may weaken the EUR.
- ECB Economic Bulletin could influence rate expectations.
United States (🇺🇸)
- Continuing Jobless Claims (08:30 UTC)
- Forecast: 1,890K
- Previous: 1,870K
- Higher claims = weaker labor market = bearish for USD.
- Current Account (Q4) (08:30 UTC)
- Forecast: -$330.0B
- Previous: -$310.9B
- A widening deficit may put pressure on the USD.
- Initial Jobless Claims (08:30 UTC)
- Forecast: 224K
- Previous: 220K
- Rising claims = softening job market = bearish for USD.
- Philadelphia Fed Manufacturing Index (08:30 UTC)
- Forecast: 8.8
- Previous: 18.1
- A drop in business sentiment = bearish for USD & stock markets.
- Existing Home Sales (MoM) (10:00 UTC)
- Previous: -4.9%
- Declining home sales signal a weaker housing market.
- Existing Home Sales (10:00 UTC)
- Forecast: 3.95M
- Previous: 4.08M
- Lower sales = economic slowdown = dovish Fed expectations.
- US Leading Index (MoM) (10:00 UTC)
- Forecast: -0.2%
- Previous: -0.3%
- A continued decline suggests weaker economic momentum.
- 10-Year TIPS Auction (13:00 UTC)
- Previous Yield: 2.243%
- Higher yield = stronger USD, lower yield = weaker USD.
- Fed’s Balance Sheet (16:30 UTC)
- Previous: $6,760B
- Watching for quantitative tightening impact.
Japan (🇯🇵)
- National Core CPI (YoY) (19:30 UTC)
- Forecast: 2.9%
- Previous: 3.2%
- A lower reading supports a dovish BoJ, weighing on JPY.
- National CPI (MoM) (19:30 UTC)
- Previous: 0.5%
- Inflation trend will impact BoJ policy outlook.
Market Impact Analysis
- EUR: ECB speeches & economic bulletin may drive volatility.
- USD: Weak jobless claims & home sales data could increase rate cut bets.
- JPY: CPI figures will influence BoJ expectations.
Overall Impact Score: 7/10
Key Focus: ECB guidance, U.S. job data, and Japan’s CPI.
