The forex market is driven by economic data releases, central bank statements, and geopolitical developments that can trigger volatility across currency pairs. As of today, Tuesday, February 25, 2025, at 10:25 PM HKT (2:25 PM GMT), this week’s calendar features several high-impact events that traders should monitor closely. Below is a detailed list of the most significant forex events for the week of February 24 to March 2, 2025, with approximate times in Greenwich Mean Time (GMT). Given the dynamic nature of economic schedules, always verify exact timings closer to each event using reliable sources like FXStreet or Forex Factory.
Monday, February 24, 2025
1. Japan – Bank Holiday (Emperor’s Birthday)
- Time: Markets closed all day (no specific GMT time)
- Impact: Japanese yen (JPY) trading volumes will be lower due to the holiday, potentially reducing liquidity in JPY pairs.
- Why it matters: A quieter market may amplify reactions to other global events.
2. Eurozone – German IFO Business Climate Index (February)
- Time: 09:00 GMT
- Impact: Medium – Assesses German business sentiment, a key indicator for the Eurozone’s largest economy.
- Why it matters: A stronger-than-expected reading could bolster the euro (EUR), while a decline might pressure it downward.
3. Eurozone – CPI & Core CPI (January, Final)
- Time: 10:00 GMT
- Impact: High – Measures inflation across the Eurozone.
- Why it matters: Final CPI data confirms earlier estimates, influencing ECB policy expectations. Higher inflation could strengthen EUR, while softer numbers may weaken it.
Tuesday, February 25, 2025
4. Japan – BoJ Core CPI (Year-over-Year)
- Time: 00:30 GMT (approximate; typically released early Tokyo session)
- Impact: Medium – Tracks inflation excluding volatile items, a focus for Bank of Japan (BoJ) policy.
- Why it matters: Rising inflation might fuel speculation of BoJ tightening, supporting JPY.
5. Eurozone – German GDP (Q4 2024, Final)
- Time: 07:00 GMT
- Impact: Medium – Confirms Germany’s economic growth for the last quarter of 2024.
- Why it matters: As a Eurozone economic powerhouse, a strong GDP could lift EUR, while weakness might drag it down.
6. UK – Bank of England (BoE) Member Jonathan Pill Speaks
- Time: Time TBD (often mid-morning GMT; check BoE schedule)
- Impact: Medium – BoE policymakers’ comments can signal future rate moves.
- Why it matters: Hawkish remarks could boost the British pound (GBP); dovish tones might weaken it.
7. U.S. – CB Consumer Confidence (February)
- Time: 15:00 GMT
- Impact: High – Gauges U.S. consumer sentiment, a driver of economic activity.
- Why it matters: Strong confidence supports the U.S. dollar (USD), while a drop could signal caution, pressuring USD pairs.
Wednesday, February 26, 2025
8. Australia – CPI (Year-over-Year, January)
- Time: 00:30 GMT
- Impact: High – Measures Australian inflation, influencing Reserve Bank of Australia (RBA) decisions.
- Why it matters: Higher-than-expected inflation could strengthen the Australian dollar (AUD), hinting at potential rate hikes.
9. U.S. – NVIDIA Q3 2025 Earnings Report
- Time: After U.S. market close (around 21:00 GMT, subject to confirmation)
- Impact: Medium – Not a direct forex event, but impacts risk sentiment.
- Why it matters: Strong earnings could lift risk appetite, weakening safe-haven currencies like USD and JPY, while boosting commodity currencies like AUD.
Thursday, February 27, 2025
10. U.S. – Preliminary GDP (Q4 2024, Second Estimate)
- Time: 13:30 GMT
- Impact: High – Revises the initial Q4 GDP estimate, reflecting U.S. economic health.
- Why it matters: Stronger growth supports USD; weaker data could fuel rate-cut expectations, softening it.
11. U.S. – Unemployment Claims (Weekly)
- Time: 13:30 GMT
- Impact: Medium – Tracks new jobless claims, a real-time labor market indicator.
- Why it matters: Lower claims signal resilience, boosting USD; higher claims could weaken it.
Friday, February 28, 2025
12. Eurozone – German Preliminary CPI (Month-over-Month, February)
- Time: 13:00 GMT (approximate; varies slightly)
- Impact: High – Early look at German inflation, a bellwether for Eurozone trends.
- Why it matters: Rising inflation could lift EUR; a drop might increase ECB easing bets, pressuring it.
13. Canada – GDP (Quarterly, Q4 2024)
- Time: 13:30 GMT
- Impact: Medium – Measures Canada’s economic growth.
- Why it matters: Strong data supports the Canadian dollar (CAD); weakness could weigh on it, especially with oil price sensitivity.
14. U.S. – Core PCE Price Index (Month-over-Month, January)
- Time: 13:30 GMT
- Impact: High – The Fed’s preferred inflation gauge.
- Why it matters: A higher-than-expected reading could reinforce hawkish Fed expectations, strengthening USD; softer data might weaken it.
15. U.S. – Multiple Federal Reserve Speakers
- Time: Various times throughout the week (at least 10 scheduled; check Fed calendar)
- Impact: Medium to High – Comments from Fed officials can sway rate expectations.
- Why it matters: Hawkish tones bolster USD; dovish remarks could soften it.
Saturday, March 1 – Sunday, March 2, 2025
- No major scheduled events: Markets typically quiet, though geopolitical developments or unscheduled news could still impact sentiment.
Trading Tips for This Week
- Volatility Watch: High-impact events like U.S. GDP, Core PCE, and Eurozone CPI could spark sharp moves. Be ready for slippage during these releases.
- Time Zone Sync: Convert GMT to your local time (e.g., HKT is GMT+8) to stay on top of announcements.
- Risk Management: Tighten stop-losses around key events and avoid overleveraging, as markets can swing unpredictably.
- Cross-Check Sentiment: Posts on X highlight trader focus on U.S. Consumer Confidence, GDP, and PCE data, suggesting these will draw heavy attention.
This week, February 24 to March 2, 2025, offers a packed schedule of forex-moving events, from inflation data in the Eurozone and Australia to U.S. growth and Fed signals. Starting with today’s holiday in Japan and Eurozone releases, and building to Friday’s critical U.S. and Canadian data, traders have plenty to navigate. Stay informed, monitor real-time updates, and trade smartly as these events unfold!
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