Upcoming economic events 7 May 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	au Jibun Bank Services PMI (Apr)	52.2	50.0
14:30		2 points	Crude Oil Inventories	-2.500M	-2.696M
14:30		2 points	Cushing Crude Oil Inventories	———-	0.682M
18:00		3 points	FOMC Statement	———-	———-
18:00		3 points	Fed Interest Rate Decision	4.50%	4.50%
18:30		3 points	FOMC Press Conference	———-	———-
19:00		2 points	Consumer Credit (Mar)	9.80B	-0.81B
20:00		2 points	RBNZ Financial Stability Report	———-	———-
23:50		2 points	Monetary Policy Meeting Minutes	———-	———-

Summary of Upcoming Economic Events on May 7, 2025

Japan (🇯🇵)

1. au Jibun Bank Services PMI (Apr) – 00:30 UTC
   • Forecast: 52.2 | Previous: 50.0
   • Market Impact:
     • A stronger reading would support JPY strength through better services sector performance.
2. BoJ Monetary Policy Meeting Minutes – 23:50 UTC
   • Market Impact:
     • Insight into the central bank’s rate and inflation outlook, affecting JPY volatility.

United States (🇺🇸)

3. Crude Oil Inventories – 14:30 UTC
   • Forecast: -2.500M | Previous: -2.696M
   • Cushing Inventories: Previous: +0.682M
   • Market Impact:
     • A drawdown supports higher oil prices, boosting energy equities and commodity-linked currencies.
4. FOMC Statement – 18:00 UTC
   • Market Impact:
     • Critical event: Language around inflation, growth, and balance sheet policies will guide USD and yields.
5. Fed Interest Rate Decision – 18:00 UTC
   • Forecast: 4.50% | Previous: 4.50%
   • Market Impact:
     • No change expected, but tone of accompanying statement will shape rate path expectations.
6. FOMC Press Conference – 18:30 UTC
   • Market Impact:
     • Key for forward guidance. Hawkish tone may support USD, dovish could weaken it.
7. Consumer Credit (Mar) – 19:00 UTC
   • Forecast: 9.80B | Previous: -0.81B
   • Market Impact:
     • Rise in consumer credit suggests spending strength, supporting growth sentiment.

New Zealand (🇳🇿)

8. RBNZ Financial Stability Report – 20:00 UTC
   • Market Impact:
     • Reviews systemic risks. May influence NZD if bank expresses concern over housing or credit markets.

Market Impact Analysis

• USD is the focal point: Fed rate decision and Powell’s tone will shape broad risk sentiment.
• JPY volatility expected around BoJ minutes and service data.
• Oil prices could react to inventory changes, especially if draws deepen.
• NZD may experience shifts on RBNZ financial commentary.

Overall Impact Score: 8/10

Key Focus: FOMC decision, statement, and press conference.