Upcoming economic events 23 June 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	au Jibun Bank Services PMI (Jun)	———-	51.0
07:00		2 points	Fed Waller Speaks	———-	———-
08:00		2 points	HCOB Eurozone Manufacturing PMI (Jun)	49.6	49.4
08:00		2 points	HCOB Eurozone Composite PMI (Jun)	50.5	50.2
08:00		2 points	HCOB Eurozone Services PMI (Jun)	50.0	49.7
13:00		2 points	ECB President Lagarde Speaks	———-	———-
13:45		3 points	S&P Global Manufacturing PMI (Jun)	51.1	52.0
13:45		2 points	S&P Global Composite PMI (Jun)		53.0
13:45		3 points	S&P Global Services PMI (Jun)	52.9	53.7
14:00		2 points	Existing Home Sales (MoM) (May)	-1.3%	-0.5%
14:00		3 points	Existing Home Sales (May)	3.96M	4.00M
14:00		2 points	FOMC Member Bowman Speaks	———-	———-
18:30		2 points	FOMC Member Williams Speaks	———-	———-
19:30		2 points	CFTC Crude Oil speculative net positions	———-	191.9K
19:30		2 points	CFTC Gold speculative net positions	———-	187.5K
19:30		2 points	CFTC Nasdaq 100 speculative net positions	———-	17.7K
19:30		2 points	CFTC S&P 500 speculative net positions	———-	-127.7K
19:30		2 points	CFTC AUD speculative net positions	———-	-69.9K
19:30		2 points	CFTC JPY speculative net positions	———-	144.6K
19:30		2 points	CFTC EUR speculative net positions	———-	93.0K

Summary of Upcoming Economic Events on June 23, 2025

Japan

1. au Jibun Bank Services PMI (Jun) – 00:30 UTC

• Previous: 51.0
• Market Impact:
  • A reading above 50 signals continued expansion in services. A drop below could weaken JPY and signal slower growth momentum.

United States

2. Fed Governor Waller Speaks – 07:00 UTC

• Market Impact:
  • Insights on policy and inflation trends. Hawkish comments support USD and bond yields; dovish tone favors risk assets.

3. S&P Global Manufacturing, Services, and Composite PMIs (Jun) – 13:45 UTC

• Manufacturing Forecast: 51.1 | Previous: 52.0
• Services Forecast: 52.9 | Previous: 53.7
• Composite Forecast: (Not Forecasted) | Previous: 53.0
• Market Impact:
  • Slowing PMIs may reflect a cooling economy, dampening USD and equities.
  • Strong readings support continued expansion and may boost risk sentiment.

4. Existing Home Sales (May) – 14:00 UTC

• Forecast: 3.96M | Previous: 4.00M
• MoM Forecast: –1.3% | Previous: –0.5%
• Market Impact:
  • Weak sales suggest housing challenges due to mortgage rates. A decline could weigh on housing-related equities and reinforce Fed vigilance.

5. FOMC Members Bowman & Williams Speak – 14:00 & 18:30 UTC

• Market Impact:
  • Their views will influence market expectations around future rate moves. A dovish tilt supports risk assets; hawkish tone lifts USD and yields.

6. CFTC Speculative Net Positions (19:30 UTC)

• Assets Covered: Crude Oil, Gold, Nasdaq 100, S&P 500, AUD, JPY, EUR
• Market Impact:
  • Changes in positioning reveal shifts in trader sentiment—e.g., large long or short positions may hint at momentum shifts or reversals.

Eurozone

7. HCOB Eurozone Manufacturing, Services, and Composite PMIs (Jun) – 08:00 UTC

• Manufacturing Forecast: 49.6 | Previous: 49.4
• Services Forecast: 50.0 | Previous: 49.7
• Composite Forecast: 50.5 | Previous: 50.2
• Market Impact:
  • Mixed conditions: slight improvements in manufacturing and composite may boost EUR and equities, but services flatline could signal growth headwinds.

8. ECB President Lagarde Speaks – 13:00 UTC

• Market Impact:
  • Post-CPI and PMI, her remarks may recalibrate ECB outlook. A cautious tone may constrain the EUR, while bullish hints could strengthen it.

Market Impact Analysis

• U.S. PMIs and Fed speeches are central—slower PMI prints may initiate bearish tilt in USD and equities, while dovish Fed rhetoric could bolster risk sentiment.
• Housing data introduces another channel to gauge consumer/economic momentum.
• Eurozone PMIs and Lagarde’s speech will determine the immediate EUR trading bias, especially amid mixed PMI signals.
• JPY sensitivity may emerge depending on Japan’s services PMI and global sentiment shifts.
• CFTC positioning provides a late-day view into market sentiment and potential overbought/oversold conditions.

Overall Impact Score: 8/10

Key Focus:
U.S. PMI prints and Fed commentary will likely set the tone for global markets. Expect noticeable volatility in USD, EUR, JPY, and commodity-linked assets, especially around the timings of Fed speakers and PMI releases.