Asia FX muted, dollar nurses losses as Trump tariffs take effect
As traders approach another pivotal day for financial markets, Wednesday, April 16, 2025, brings a series of crucial economic data releases and decisions that could sway market dynamics. The spotlight falls on retail sales figures, EIA crude oil inventories, and a highly anticipated speech by Federal Reserve Chair Jerome Powell.
Major Economic Events to Watch
• 8:30 AM ET: Core Retail Sales (Apr) - Forecast: 0.4%, Previous: 0.3%. Measures change in retail sales excluding automobiles.
• 8:30 AM ET: Retail Sales (Apr) - Forecast: 1.4%, Previous: 0.2%. Key indicator of consumer spending and overall economic activity.
• 10:30 AM ET: EIA Crude Oil Inventories - Previous: 2.553M. Weekly change in commercial crude oil held by US firms.
• 1:15 PM ET: Fed Chair Powell Speaks. Potential hints on future monetary policy.
Other Important Economic Events to Watch
• 8:30 AM ET: Retail Control - Previous: 1.0%. Core component of retail sales used to calculate GDP.
• 9:15 AM ET: Industrial Production (Mar) - Forecast: -0.2%, Previous: 0.7%. Measures change in total inflation-adjusted output by manufacturers, mines, and utilities.
• 10:00 AM ET: Retail Inventories Ex Auto (Feb) - Forecast: 0.1%, Previous: 0.5%.
• 10:00 AM ET: Business Inventories (Feb) - Forecast: 0.3%, Previous: 0.3%. Measures change in worth of unsold goods held by businesses.
• 10:30 AM ET: EIA Weekly Cushing Oil Inventories - Previous: 0.681M. Important for US crude oil benchmark.
• 1:00 PM ET: Atlanta Fed GDPNow. Running estimate of real GDP growth for the current quarter.
• 1:00 PM ET: 20-Year Bond Auction - Previous: 4.632%. Indicator of government debt situation.
• 4:00 PM ET: TIC Net Long-Term Transactions (Feb) - Forecast: 35.2B, Previous: -45.2B. Measures foreign investment in US securities.
Other Economic Events to Watch
• 7:00 AM ET: MBA Mortgage Applications (Apr 11) - Previous: 20.0%. Indicates change in number of new mortgage applications.
• 8:30 AM ET: Retail Sales Ex Gas/Autos (Mar) - Previous: 0.5%. Shows underlying retail demand patterns.
• 9:15 AM ET: Manufacturing Output (Mar) - Forecast: 0.3%, Previous: 0.9%. Measures change in manufacturing production.
• 9:15 AM ET: Capacity Utilization Rate (Mar) - Forecast: 78.0%, Previous: 78.2%. Indicates overall economic growth and demand.
• 10:00 AM ET: NAHB Housing Market Index (Apr) - Forecast: 38, Previous: 39. Rates current and future single-family home sales.
• 10:30 AM ET: Various EIA inventory and production data for gasoline, distillates, and crude oil.
• 4:00 PM ET: Overall Net Capital Flow (Feb) - Previous: -48.80B. Shows international financial flows.
• 7:00 PM ET: Fed Schmid Speaks. Potential insights on economic assessment and policy outlook.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.