Weekly Economic Calendar: Week of January 5 - 10, 2026 (GMT+8)
This week’s macro calendar is driven by U.S. growth + labour risk and Europe’s inflation prints, with key releases that can swing USD pairs, EUR crosses, rates, and broad risk sentiment. Expect the sharpest moves around the U.S. ISM (manufacturing & services) midweek and Friday’s U.S. jobs report (NFP), while German CPI and Eurozone CPI can shift EUR pricing and ripple into DXY.
| Time | Cur. | Events | Fcst | Prev |
| USD | ||||
| CPI (YoY) (Dec) | ||||
| ADP Nonfarm Employment Change (Dec) | ||||
| USD | ISM Non-Manufacturing PMI (Dec) | |||
| ISM Non-Manufacturing Prices (Dec) | ||||
| JOLTS Job Openings (Nov) | ||||
| USD | Crude Oil Inventories | |||
| Average Hourly Earnings (MoM) (Dec) | ||||
| Nonfarm Payrolls (Dec) | ||||
| Unemployment Rate (Dec) |
| Key highlights: |
🇩🇪 German CPI (MoM, Dec) – Tuesday
🇺🇸 S&P Global Services PMI (Dec) – Tuesday
🇪🇺 Eurozone CPI (YoY, Dec) – Wednesday
🇺🇸 ADP Nonfarm Employment Change (Dec) – Wednesday
🇺🇸 ISM Non-Manufacturing PMI (Dec) – Wednesday
🇺🇸 ISM Non-Manufacturing Prices (Dec) – Wednesday
🇺🇸 JOLTS Job Openings (Nov) – Wednesday
🇺🇸 Crude Oil Inventories – Wednesday
🇺🇸 Initial Jobless Claims – Thursday
🇺🇸 Average Hourly Earnings (MoM, Dec); Nonfarm Payrolls (Dec); Unemployment Rate (Dec) – Friday
Macro Analysis
The ISM Manufacturing PMI sets the tone for early-week USD and rates. A stronger PMI with firmer prices supports a “sticky inflation / resilient activity” narrative (USD-supportive), while a soft PMI and cooling prices lean risk-off growth concerns and can cap yields and weigh on USD.
Germany & Eurozone Inflation – Tuesday/Wednesday
The German CPI (MoM) and Eurozone CPI (YoY) are key for EUR rate expectations. Hotter inflation can lift EUR via higher-for-longer pricing, while softer inflation reinforces disinflation and can pressure EUR—especially if U.S. data stays firm.
U.S. Labour Stack – Tue to Fri (PMI → ADP → JOLTS → Claims → NFP)
This is a classic build-up into Friday:
1. Services PMI (Tue) hints at demand momentum.
2. ADP + JOLTS (Wed) shape expectations for hiring strength and labour tightness.
3. Jobless Claims (Thu) is the final temperature check for near-term labour cooling.
4. NFP + Wages + Unemployment (Fri) is the main volatility trigger, especially for USD, yields, and equity index futures.
Crude Oil Inventories – Wednesday
Inventory surprises can move oil sharply, impacting inflation expectations and oil-sensitive FX. A large draw can lift crude and inflation hedges; a big build can pressure crude and cool inflation fears.
Speculative Outlook for USD Traders
This is an ISM + NFP week, expecting positioning to shift fast as the data chain confirms (or contradicts) the labour and growth narrative.
Watch the full calendar at Followme Economic Calendar Tool
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