High Impact News - Week of June 9, 2025
This week, traders are bracing for a dense schedule of high-impact macroeconomic releases, particularly from the US and UK, with inflation data and labour market indicators expected to set the tone across major FX pairs. Let’s break down what’s ahead:
00:50 JPY Gross Domestic Product QoQ (Q1)
Japan kicks things off with its revised Q1 GDP figure. Any upward revision could boost the yen, while a downgrade may signal sustained economic fragility.
02:30 CNY Consumer Price Index YoY (May)
China’s inflation data will be closely watched as markets look for signs of domestic demand recovery amid deflationary concerns.
07:00 GBP Labour Market Data (Apr/May)
Including:
Claimant Count Change (May)
Employment Change 3M (Apr)
ILO Unemployment Rate 3M (Apr)
The U.K. job market has remained resilient, but any signs of weakness could influence the Bank of England’s tone in upcoming communications. Watch GBP crosses for potential volatility around the release.
13:30 USD Consumer Price Index (May)
This is the key event of the week. With inflation still sticky, the market will be laser-focused on:
Headline CPI MoM & YoY
Core CPI MoM & YoY (ex Food & Energy)
A hotter-than-expected print could shake up expectations for Fed policy and add fuel to the USD. Conversely, cooling inflation could reignite rate cut discussions.
13:30 USD Producer Price Index ex Food & Energy (YoY, May)
A leading indicator of consumer inflation, this PPI reading will give clues on pricing pressure at the producer level and could reinforce the CPI narrative from Wednesday.
07:00 EUR Harmonized Index of Consumer Prices (YoY, May)
Europe’s inflation reading could impact EUR sentiment, especially if it diverges from ECB expectations ahead of upcoming monetary policy decisions.
15:00 USD Michigan Consumer Sentiment Index (June, Prelim)
Rounding out the week, this survey gauges U.S. consumer confidence and inflation expectations — both of which are key inputs for the Fed’s decision-making.
With CPI, PPI, labour market, and GDP data on deck, this week is packed with directional catalysts, especially for USD, GBP, and JPY traders. Expect increased volatility midweek and plan your exposure accordingly.