| 00:30 | | Japan | | Labor Cash Earnings (YoY) | 0,50 % | 3,00 % | 2,40 % | |

This indicator, released by the Ministry of Health, Labor and Welfare, shows the average income, before taxes, per regular employee. It includes overtime pay and bonuses but it doesn't take into account earnings from holding financial assets nor capital gains. Higher income puts upward pressures on consumption, and is inflationary for the Japanese economy. Generally, a higher-than-expected reading is bullish for the Japanese Yen (JPY), while a below-the-market consensus result is bearish. |
| 00:50 | | Japan | | Bank Lending (YoY) | 4,40 % | 4,50 % | 4,50 % | |

Bank lending, released by Bank of Japan, is the value of all outstanding loans with Japanese banks. It is important because lending increases with increased business confidence and investment. It is particularly insightful for the Japanese economy because of the weakness that has plagued the Japanese banking sector. The headline number is for total loans and discounts and is a percentage change from the previous year. |
| 00:50 | | Japan | | Trade Balance - BOP Basis | 3.138 Mrd. ¥ | | 2.697 Mrd. ¥ | |

The Trade Balance released by the Customs Office is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependant on exports that the Japanese economy heavily relies on a trade surplus. If a steady demand in exchange for Japanese exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the JPY. |
| 00:50 | | Japan | | Current Account n.s.a. | 3,67 Mrd. ¥ | 1.060 Mrd. ¥ | 7.288 Mrd. ¥ | |

The Current Account released by the Ministry of Finance is a net flow of current transactions, including goods, services, and interest payments into and out of Japan. A current account surplus indicates that the flow of capital into Japan exceeds the capital reduction. A current account deficit indicates that there is a net capital outflow from these sources. A high reading is seen as positive for the JPY, while a low reading is seen as negative. |
| 04:00 | | Indonesia | | Consumer Confidence | 123,50 | | 127,00 | |
The Consumer Survey conducted by Bank Indonesia reflects the change in consumer confidence in economic conditions compared with one month earlier. The report includes Current Economic Condition Index (CECI) and Consumer Expectation Index (CEI) to paint an accurate picture of consumer sentiment in the country. |
| 06:00 | | Japan | | Eco Watchers Survey: Current | 48,60 | 49,10 | 47,60 | |

The Eco Watchers Survey released by the Cabinet Office closely watches region-by-region economic trends. The survey is considered as basic material for assessing short-term economic trends in Japan. A high reading is seen as positive (or bullish) for the JPY, whereas a low reading is seen as negative (or negative). |
| 06:00 | | Japan | | Eco Watchers Survey: Outlook | 50,50 | | 50,10 | |

The Eco Watchers Survey released by the Cabinet Office closely watches region-by-region economic trends. The survey is considered as basic material for assessing short-term economic trends in Japan. A high reading is seen as positive (or bullish) for the JPY, whereas a low reading is seen as negative (or negative). |
| 08:00 | | Norway | | Gross Domestic Product Growth | 1,10 % | | -0,30 % | |

The Gross Domestic Product released by Statistics Norway is a measure of the total value of all goods and services produced by Norway from the expenditure approach. The GDP is considered as a broad measure of the Norwegian economic activity and health. A rising trend has a positive effect on the Norwegian krone, while a falling trend is seen as negative (or bearish ). |
| 08:00 | | Norway | | Producer Price Index (YoY) | -11,40 % | | -7,80 % | |

The Producer Price Index released by the Statistics Norway measures the average changes in prices in primary markets of Norway by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the Norwegian krone, whereas a low reading is seen as negative (or bearish). |
| 08:00 | | Denmark | | Trade Balance | 28,80 Mrd. | | 35,30 Mrd. | |

The Trade Balance released by the Statistics Denmark is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the Danish Krone. If a steady demand in exchange for Danish exports is seen, that would turn into a positive growth in the trade balance, and that should be positive (or bullish) for the Krone. |
| 08:00 | | Romania | | Trade Balance | -2,26 Mrd. € | | -2,69 Mrd. € | |

The Trade Balance released by the National Institute of Statistics is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the RON. If a steady demand in exchange for Romanian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive (or bullish) for the RON. |
| 08:00 | | Norway | | Wachstum des Bruttoinlandsprodukts Festland | 0,10 % | | 0,40 % | |

Das Bruttoinlandsprodukt veröffentlicht durch die Statistics Norway ist der Gesamtwert aller Waren und Dienstleistungen, die von Norwegen produziert wurden. Das BIP ist als eine umfassende Beurteilung der Aktivität und Gesundheit der niederländischen Wirtschaft zu betrachten. Eine steigende Tendenz hat einen positiven Effekt auf die norwegische Krone, während eine fallende Tendenz eher als negativ (oder bearish) angesehen wird. |
| 09:00 | | Switzerland | | SECO Verbraucherklima | -37,00 | | -30,00 | |

Der SECO Konsumklimaindex wird durch State Secretariat for Economic Affairs SECO veröffentlicht und er spiegelt die Trends des Konsumklimas wieder. Er gilt als wichtiger Indikator für die Inflation. Generell ist eine hohe Lesung für den CHF bullish, während eine niedrige Lesung entsprechend bearish ist. |
| 10:00 | | Singapore | | Foreign Reserves (MoM) | 409,30 Mrd. | | 417,00 Mrd. | |

Foreign reserves, released by Monetary Authority of Singapore, are the total of a country's gold holdings and convertible foreign currencies held in its central bank. Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights. A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate. |
| 10:00 | | Czech Republic | | FX Reserves | 149,63 Mrd. € | | 151,58 Mrd. € | |

The FX reserves released by the Czech National Bank present the assets the Central Bank holds in reserve. FX reserves can be a precautionary measure for countries susceptible to financial crisis. It can also be used to manipulate exchange rates. A high reading is is seen as positive (or bullish) for the Czech Koruna, while a low reading is seen as negative (or Bearish). |
| 10:00 | | Czech Republic | | Unemployment Rate | 4,80 % | | 5,10 % | |

The Unemployment Rate released by the Ministry of Labour is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Czech economy. If the rate is up, it indicates a lack of expansion within the Czech labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Czech Koruna, while an increase is seen as negative (or bearish). |
| 10:30 | | EuroZone | | Sentix Investor Confidence | -1,80 | | 4,20 | |

With among 1600 financial analysts and institutional investors, the Sentix Investor Confidence is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. The index, released by the Sentix GmbH, is composed by 36 different indicators. Usually, a higher reading is seen as positive for the Eurozone, that means positive, or bullish, for the Euro, While a lower number is seen negative or bearish for the unique currency. |
| 11:00 | | United Arab Emirates | | M3 Money Supply | 16,20 % | | 17,10 % | |
M3 is a measure of money supply that is released by the Central Bank of the United Arab Emirates. It calculates all currency in circulation, bank deposits, repurchase agreements, debt securities for up to 2 years, and the value of money market shares. It is considered an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. Usually, an acceleration of the M3 money is considered positive, or bullish for the AED, whereas a decline is considered negative. |
| 11:00 | | United Arab Emirates | | Private Sector Loans | 17,08 % | | 17,84 % | |
The Private Sector Loans (YoY) released by the Central Bank of the United Arab Emirates is the amount of money that the UAE private sector borrows. It shows if the private sector can afford large expenses, which can fuel economic growth. It is considered as an indicator of business conditions and the overall economic condition in the United Arab Emirates. Generally, a high reading is seen as positive (or bullish) for the AED, whereas a low reading is seen as negative. |
| 11:50 | | Hungary | | Budget Balance | -1.669 Mrd. | | 32,30 Mrd. | |

The Budget Balance released by the Ministry of Finance is the difference between income and expenditure (Excluding net lending) at the end of the budget's period (excluding net lending). If the amount is positive then the balance shows a surplus, to the contrary, if it is negative, the balance is in deficit. Generally, a surplus is seen as positive (or bullish) for the Forint and a deficit is seen as negative (or bearish). |
| 12:00 | | Israel | | Budget Balance - ILS | -23,70 Mrd. | | 16,90 Mrd. | |
The Budget Balance released by the Israeli Ministry of Finance is the difference between income and expenditure at the end of the budget's period. If the amount is positive then the balance shows a surplus, to the contrary, if it is negative, the balance is in deficit, therefore unveiling borrowing needs. Generally, a surplus is seen as positive (or bullish) for the ILS and a deficit is seen as negative (or bearish). |
| 12:00 | | Portugal | | Global Trade Balance | -7,54 Mrd. € | | -7,80 Mrd. € | |

The Trade Balance released by Statistics Portugal is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. If a steady demand in exchange for Portuguese exports is seen, that would turn into a positive growth in the trade balance, and that should be positive (or bullish) for the EUR.
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| 12:30 | | India | | M3-Geldmenge | 10,50 % | | | |

Die M3 Geldmenge wird durch die Reserve Bank of India veröffentlicht und sie zeigt das Volumen an Rupien, welches in Form von Banknoten, Münzen und Bankguthaben im Umlauf ist. Sie wird als ein wichtiger Indikator für die Inflation berücksichtigt, da die monetäre Expansion Druck auf die Wechselkurse ausübt. Generell wirkt sich eine Beschleunigung auf die Rupie positiv aus, während ein Rückgang negativ ist. |
| 12:30 | | Chile | | Trade Balance | 3,59 Mio. $ | | 3,81 Mio. $ | |

The Trade Balance released by the Banco Central de Chile is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the CLP. If a steady demand in exchange for Chilean exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CLP. |
| 13:00 | | Mexico | | 12-Month Inflation | 3,69 % | 3,82 % | 3,79 % | |

The 12-month inflation index released by the Bank of Mexico is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of Mexican Peso is dragged down by inflation. The inflation index is a key indicator since it is used by the central bank to set interest rates. Generally speaking, a high reading is seen as positive (or bullish) for the Mexican Peso, while a low reading is seen as negative (or Bearish).
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| 13:00 | | Mexico | | Kerninflation | 0,41 % | 0,59 % | 0,60 % | |

Der Kern-Verbraucherpreisindex von der Bank of Mexico ist ein Maß für die Preisbewegungen zwischen den Einzelhandelspreisen eines repräsentativen Warenkorbes mit Gütern und Dienstleistungen, ohne die flüchtigen Bestandteile wie Lebensmittel, Energie, Alkohol und Tabak. Der Kern CPI ist einwichtiger Indikator, um die Inflation und Veränderung beim Kaufverhalten zu erfassen. Die Kaufkraft des Mexikanischen Peso wird durch die Inflation nach unten gezogen. Ein hoher Wert ist für den Mexikanischen Peso als bullish anzusehen und ein niedriger als entsprechend bearish. |
| 13:00 | | EuroZone | | ECB's Lane speech | | | | |
Philip Richard Lane is an Executive Board member of the European Central Bank since June 1st, 2019 and its Chief Economist. Before being appointed as an ECB member, he was the Governor of the Central Bank of Ireland. |
| 13:00 | | Mexico | | Unbereinigte Inflationsrate | 0,28 % | 0,41 % | 0,38 % | |

Der unbereinigte Inflation-Index, veröffentlicht von der Bank of Mexico mißt die Preisbewegungen durch den Vergleich zwischen den Verkaufspreisen eines repräsentativen Warenkorbs von Gütern und Dienstleistungen. Die Kaufkraft der mexikanische Peso wird durch die Inflation nach unten gezogen. Der Inflationsindex ist ein wichtiger Indikator, der von der Zentralbank verwendet wird, um die Zinsen festzulegen. Generell wird ein hoher Wert als positiv (oder bullish) für den mexikanischen Peso betrachtet, während eine niedriger Wert als negativ (oder bearish) angesehen wird. |
| 17:00 | | EuroZone | | EZB-Mitglied Nagel spricht | | | | |
Joachim Nagel ist Präsident der Deutschen Bundesbank und seit dem 1. Januar 2022 Mitglied im Vorstand der Europäischen Zentralbank. Er trat die Nachfolge von Jens Weidmann an, der zuvor zurückgetreten war. Zuvor war Nagel ab 2020 als leitender Manager bei der Bank für Internationalen Zahlungsausgleich tätig. Bereits von 2010 bis 2016 gehörte er dem Vorstand der Bundesbank an. |
| 17:00 | | EuroZone | | EZB-Präsidentin Lagarde spricht | | | | |
Christine Lagarde, die seit November 2019 Präsidentin der Europäischen Zentralbank (EZB) ist, wurde 1956 in Frankreich geboren und hat bereits eine beeindruckende Laufbahn hinter sich. Bevor sie an die Spitze der EZB trat, war sie Geschäftsführerin des Internationalen Währungsfonds und Finanzministerin in Frankreich. In ihrer jetzigen Position hält Lagarde regelmäßig Pressekonferenzen ab, bei denen sie erklärt, wie die EZB die aktuelle und zukünftige wirtschaftliche Lage in Europa einschätzt. Diese Aussagen können den Euro kurzfristig beeinflussen: Ein hawkisher, eher straffer geldpolitischer Ausblick stärkt meist den Euro (bullisch), während eine eher dovishe, lockerere Haltung Druck auf die Währung ausüben kann (bearish). |
| 17:30 | | United States of America | | 3-Month Bill Auction | 3,60 % | | | |

Displayed in the calendar is the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less.
The yield on the bills represents the return an investor will receive by holding the bond until maturity.
Investors monitor the yield volatility and compare the average rate at auction to the rate at previous auctions of the same security as an indicator of the government debt situation. |
| 17:30 | | United States of America | | 6-Month Bill Auction | 3,53 % | | | |

Displayed in the calendar is the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less.
The yield on the bills represents the return an investor will receive by holding the bond until maturity.
Investors monitor the yield volatility and compare the average rate at auction to the rate at previous auctions of the same security as an indicator of the government debt situation. |
| 19:30 | | United States of America | | Fed-Mitglied Waller spricht | | | | |
Christopher J. Waller ist Mitglied im Board of Governors des Federal Reserve Systems. Sein Amt trat er am 18. Dezember 2020 an und wird es voraussichtlich bis zum 31. Januar 2030 ausüben. Vor seiner Ernennung in den Vorstand der Fed war Dr. Waller als Executive Vice President und Forschungsdirektor bei der Federal Reserve Bank of St. Louis tätig. |
| 20:30 | | United Kingdom | | BoE-Mitglied Mann spricht | | | | |
Dr. Catherine L. Mann ist seit dem 1. September 2021 Mitglied des geldpolitischen Ausschusses der Bank of England. Sie ist u.a. Mitglied des Council on Foreign Relations und der American Economic Association. Zuvor war sie u. a. Vorsitzende des wirtschaftlichen Beratungsausschusses der American Bankers Association und der Beratungsausschüsse der Federal Reserve Banks von Chicago, Boston und New York. |
| 20:30 | | United States of America | | Fed-Mitglied Miran Rede | | | | |
Stephen Miran ist Mitglied des Federal Reserve Board of Governors und wird sein Amt im September 2025 antreten, um die von Adriana Kugler hinterlassene Vakanz zu füllen. Miran, der von Präsident Donald Trump nominiert wurde, war Vorsitzender des Council of Economic Advisers. |
| 21:15 | | United States of America | | FOMC Mitglied Bostic Rede | | | | |
Rapahel W. Bosti ist ein amerikanischer Ökonom und Akademiker, der am 5. Juni 2017 der 15. Präsident und CEO der Federal Reserve Bank of Atlanta wurde. Im Jahr 2018 ist er ein stimmberechtigtes Mitglied des Federal Open Market Committee. |
| 23:00 | | United States of America | | Fed-Mitglied Miran Rede | | | | |
Stephen Miran ist Mitglied des Federal Reserve Board of Governors und wird sein Amt im September 2025 antreten, um die von Adriana Kugler hinterlassene Vakanz zu füllen. Miran, der von Präsident Donald Trump nominiert wurde, war Vorsitzender des Council of Economic Advisers. |
| 23:15 | | United Kingdom | | BoE-Mitglied Mann spricht | | | | |
Dr. Catherine L. Mann ist seit dem 1. September 2021 Mitglied des geldpolitischen Ausschusses der Bank of England. Sie ist u.a. Mitglied des Council on Foreign Relations und der American Economic Association. Zuvor war sie u. a. Vorsitzende des wirtschaftlichen Beratungsausschusses der American Bankers Association und der Beratungsausschüsse der Federal Reserve Banks von Chicago, Boston und New York. |