Upcoming economic events 30 January 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
10:00		2 points	GDP (YoY) (Q4)	1.0%	0.9%
10:00		2 points	GDP (QoQ) (Q4)	0.1%	0.4%
10:00		2 points	Unemployment Rate (Dec)	6.3%	6.3%
13:15		3 points	Deposit Facility Rate (Jan)	2.75%	3.00%
13:15		2 points	ECB Marginal Lending Facility	———-	3.40%
13:15		2 points	ECB Monetary Policy Statement	———-	———-
13:15		3 points	ECB Interest Rate Decision (Jan)	2.90%	3.15%
13:30		2 points	Continuing Jobless Claims	1,890K	1,899K
13:30		2 points	Core PCE Prices (Q4)	2.50%	2.20%
13:30		2 points	GDP (QoQ) (Q4)	2.7%	3.1%
13:30		2 points	GDP Price Index (QoQ) (Q4)	2.5%	1.9%
13:30		3 points	Initial Jobless Claims	224K	223K
13:45		3 points	ECB Press Conference	———-	———-
15:00		2 points	Pending Home Sales (MoM) (Dec)	0.0%	2.2%
21:30		2 points	Fed’s Balance Sheet	———-	6,832B
23:30		2 points	Tokyo Core CPI (YoY) (Jan)	2.5%	2.4%
23:50		2 points	Industrial Production (MoM) (Dec)	-0.1%	-2.2%

Summary of Upcoming Economic Events on January 30, 2025

Eurozone (🇪🇺)

1. GDP (YoY) (Q4)(10:00 UTC):
   • Forecast: 1.0%, Previous: 0.9%.
   • A higher-than-expected GDP could support the euro, indicating economic resilience.
2. GDP (QoQ) (Q4)(10:00 UTC):
   • Forecast: 0.1%, Previous: 0.4%.
   • A sharp slowdown may trigger concerns over economic stagnation, pressuring the ECB.
3. Unemployment Rate (Dec)(10:00 UTC):
   • Forecast: 6.3%, Previous: 6.3%.
   • A steady unemployment rate would align with current ECB policy expectations.
4. ECB Deposit Facility Rate (Jan)(13:15 UTC):
   • Forecast: 2.75%, Previous: 3.00%.
   • A rate cut would weaken the euro as markets price in looser monetary conditions.
5. ECB Interest Rate Decision (Jan)(13:15 UTC):
   • Forecast: 2.90%, Previous: 3.15%.
   • Any unexpected move could drive volatility in EUR pairs.
6. ECB Press Conference(13:45 UTC):
   • Lagarde’s tone will be critical—hawkishness may boost the EUR, while dovishness could send it lower.

United States (🇺🇸)

7. Continuing Jobless Claims(13:30 UTC):
   • Forecast: 1,890K, Previous: 1,899K.
   • A decline may indicate labor market strength, supporting the USD.
8. Core PCE Prices (Q4)(13:30 UTC):
   • Forecast: 2.50%, Previous: 2.20%.
   • The Fed’s preferred inflation measure—higher readings could delay rate cuts.
9. GDP (QoQ) (Q4)(13:30 UTC):
   • Forecast: 2.7%, Previous: 3.1%.
   • A slowing economy may pressure the Fed toward a more dovish stance.
10. GDP Price Index (QoQ) (Q4) (13:30 UTC):

• Forecast: 2.5%, Previous: 1.9%.
• Higher inflation data could reinforce hawkish Fed expectations.

11. Initial Jobless Claims (13:30 UTC):

• Forecast: 224K, Previous: 223K.
• Steady claims suggest no significant labor market deterioration.

12. Pending Home Sales (MoM) (Dec) (15:00 UTC):

• Forecast: 0.0%, Previous: 2.2%.
• Stagnant housing data may signal slowing consumer demand.

13. Fed’s Balance Sheet (21:30 UTC):

• Previous: $6,832B.
• Markets monitor changes for clues on liquidity and policy direction.

Japan (🇯🇵)

14. Tokyo Core CPI (YoY) (Jan) (23:30 UTC):

• Forecast: 2.5%, Previous: 2.4%.
• A higher reading may increase pressure on the Bank of Japan to adjust policy.

15. Industrial Production (MoM) (Dec) (23:50 UTC):

• Forecast: -0.1%, Previous: -2.2%.
• Weak data could suggest slowing manufacturing activity in Japan.

Market Impact Analysis

• EUR: Sensitive to ECB rate decisions—rate cuts could weaken EUR, while a hawkish tone from Lagarde may support it.
• USD: Fed inflation data (PCE) and GDP figures will determine rate expectations. A strong reading could support USD.
• JPY: Inflation and industrial production will guide BOJ’s next moves. Rising inflation could boost JPY.

Volatility & Impact Score

• Volatility: High (ECB & Fed rate expectations dominate).
• Impact Score: 9/10 – Major central bank updates drive market movements.