Upcoming economic events 23 May 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
08:30		2 points	ECB’s Lane Speaks	———-	———-
12:30		2 points	Building Permits (Apr)	1.412M	1.467M
14:00		3 points	New Home Sales (Apr)	696K	724K
14:00		2 points	New Home Sales (MoM) (Apr)	———-	7.4%
16:00		2 points	ECB’s Schnabel Speaks	———-	———-
17:00		2 points	U.S. Baker Hughes Oil Rig Count	———-	———-
17:00		2 points	U.S. Baker Hughes Total Rig Count	———-	———-
19:30		2 points	CFTC Crude Oil speculative net positions	———-	185.3K
19:30		2 points	CFTC Gold speculative net positions	———-	161.2K
19:30		2 points	CFTC Nasdaq 100 speculative net positions	———-	19.5K
19:30		2 points	CFTC S&P 500 speculative net positions	———-	-122.2K
19:30		2 points	CFTC AUD speculative net positions	———-	-49.3K
19:30		2 points	CFTC JPY speculative net positions	———-	172.3K
19:30		2 points	CFTC EUR speculative net positions	———-	84.8K

Summary of Upcoming Economic Events on May 23, 2025

Eurozone

1. ECB’s Chief Economist Lane Speaks – 08:30 UTC

• Market Impact:
  • Commentary could shape expectations on future ECB policy.
  • A hawkish stance may boost EUR; dovish remarks could pressure it.

2. ECB’s Schnabel Speaks – 16:00 UTC

• Market Impact:
  • Closely watched for views on inflation, growth, or rate guidance.
  • Remarks emphasizing persistent inflation could lift bond yields and EUR.

United States

3. Building Permits (Apr) – 12:30 UTC

• Forecast: 1.412M | Previous: 1.467M
• Market Impact:
  • A decline would signal a slowdown in construction, possibly weighing on USD and housing stocks.
  • Stronger-than-expected data could signal resilience in housing demand.

4. New Home Sales (Apr) – 14:00 UTC

• Forecast: 696K | Previous: 724K

5. New Home Sales (MoM) (Apr) – 14:00 UTC

• Previous: +7.4%
• Market Impact:
  • A slowdown in sales may reflect rising mortgage rates or affordability concerns, weighing on sentiment.
  • A positive surprise could support USD and boost confidence in the housing market.

6. U.S. Baker Hughes Oil Rig Count – 17:00 UTC

7. U.S. Baker Hughes Total Rig Count – 17:00 UTC

• Market Impact:
  • A rising rig count suggests greater future supply, potentially pressuring oil prices.
  • A decline could support oil prices and inflation expectations.

CFTC Positioning Data – 19:30 UTC

Reports speculative net positions in key assets, providing insight into market sentiment:

8. Crude Oil Net Positions

• Previous: 185.3K

9. Gold Net Positions

• Previous: 161.2K

10. Nasdaq 100 Net Positions

• Previous: 19.5K

11. S&P 500 Net Positions

• Previous: -122.2K

12. AUD Net Positions

• Previous: -49.3K

13. JPY Net Positions

• Previous: 172.3K

14. EUR Net Positions

• Previous: 84.8K
• Market Impact:
  • Shifts in speculative positioning can signal momentum or reversals in major asset classes.
  • Sudden increases in net long positions might indicate bullish sentiment, while heavy shorting may reflect downside risk expectations.

Market Impact Analysis

• Housing data (permits and sales) will be the key indicator for U.S. consumer and construction activity. Sluggish results could support Fed dovishness, while strength may challenge it.
• ECB commentary will influence eurozone rate expectations and affect EUR and bond markets.
• Energy markets may respond to rig count data amid global oil supply concerns.
• CFTC positioning provides insight into trader sentiment heading into the weekend, possibly influencing short-term FX, commodity, and equity index movements.

Overall Impact Score: 6/10

Key Focus:
U.S. housing market indicators, ECB communication, and CFTC positioning will guide market sentiment. While not packed with high-impact data, these events collectively offer insights into underlying economic momentum and trader sentiment, with potential for moderate volatility in FX, energy, and equity markets.