Trading the Trend: Your Ultimate Guide to Next Week’s Forex Catalysts
Looking to stay ahead in the forex market next week? You’re in the right place. The calendar from June 23 to June 27 is packed with key economic events — each one poised to shake up major currency pairs and create fresh trading opportunities. Let’s break down each day, pinpoint which currencies are likely to move, and get you ready to trade with the flow of the market.
Monday, June 23, 2025
French Flash PMI Data
7:15 GMT
Forecast: N/A | Previous: Manufacturing 49.8, Services 48.9
Impact: EUR/USD, EUR/GBP, EUR/JPY
France’s Flash PMI indicates that both manufacturing and services have dipped below the 50-mark, signaling contraction. With political issues and trade worries weighing on business confidence, the Eurozone’s second-biggest economy is showing signs of strain.
Technical Setup
EUR/USD finds immediate support at 1.1455 with resistance at 1.1587. A break below 1.1455 could push prices toward 1.1312, while rejection at 1.1555 may prolong the downtrend.
Trading Idea
🎯 Sell EUR/USD on rallies to 1.1540
📍 Stop-loss: 1.1580 above resistance
🎯 Take-profit: 1.1400 support
German Flash PMI Data
7:30 GMT
Forecast: N/A | Previous: Manufacturing 48.3, Services 47.1
Impact: EUR/USD, EUR/GBP, EUR/JPY
German data paints an even bleaker picture with both manufacturing and services well below 50, underlining significant weakness. Given Germany’s role as Europe's economic powerhouse, these disappointing numbers are likely to put downward pressure on the euro.
Technical Setup
EUR/USD is in a bearish trend with strong resistance near 1.1210, potentially testing parity levels later in 2025.
Trading Idea
🎯 Sell EUR/USD on a break below 1.1470
📍 Stop-loss: 1.1520 above recent resistance
🎯 Take-profit: 1.1350 target
UK Flash PMI Data
8:30 GMT
Forecast: N/A | Previous: Manufacturing 46.4, Services 50.9
Impact: GBP/USD, EUR/GBP, GBP/JPY
The UK PMI shows a stark divergence; while manufacturing is in deep contraction at 46.4, the services sector remains slightly buoyant at 50.9. This mixed signal is likely to keep the pound volatile as traders decide which sector’s data carries more weight.
Technical Setup
GBP/USD is trading around 1.3448 with support between 1.3420-1.3430 and notable resistance at 1.3595-1.3613.
Trading Idea
🎯 Buy GBP/USD on dips to 1.3485
📍 Stop-loss: 1.3460 below key support
🎯 Take-profit: 1.3560 resistance
US Flash PMI Data
13:45 GMT
Forecast: N/A | Previous: Manufacturing 52.0, Services 53.7
Impact: USD/JPY, EUR/USD, GBP/USD
Strong US PMI readings, with both manufacturing and services comfortably above 50, highlight robust economic activity. This gap between US strength and European weakness is expected to bolster the dollar.
Technical Setup
USD/JPY holds support in the 144.50-144.80 range with resistance at 146.00-146.20.
Trading Idea
🎯 Buy USD/JPY on a breakout above 146.20
📍 Stop-loss: 145.20 below support
🎯 Take-profit: 148.60 resistance
Tuesday, June 24, 2025
Canadian CPI Data
12:30 GMT
Forecast: N/A | Previous: CPI m/m -0.1%, Median CPI 3.2%, Trimmed CPI 3.1%
Impact: USD/CAD, CAD/JPY
Canada’s latest CPI data shows a slight monthly drop in headline inflation, though the core measures remain elevated. This mixed reading could create uncertainty among traders regarding future monetary policy moves.
Technical Setup
USD/CAD is trading around 1.3713 with support between 1.3670 and 1.3690, supporting a bullish bias.
Trading Idea
🎯 Buy USD/CAD on dips to 1.3680
📍 Stop-loss: 1.3650
🎯 Take-profit: 1.3750
Central Bank Communications
14:00 GMT
Forecast: N/A | Previous: N/A
Impact: GBP/USD, USD/JPY, EUR/USD
Important speeches by BOE Governor Bailey and Fed Chair Powell are set to drive volatility as traders listen intently for clues on future policy directions and inflation outlooks.
Technical Setup
GBP/USD appears vulnerable around the 1.3500 pivot, with rising event-driven volatility anticipated across major pairs.
Trading Idea
🎯 Sell GBP/USD at 1.3386
📍 Stop-loss: 1.3464
🎯 Take-profit: 1.3282
Wednesday, June 25, 2025
Australian CPI Data
01:30 GMT
Forecast: N/A | Previous: CPI 2.4%
Impact: AUD/USD, AUD/JPY
Australia’s annual inflation of 2.4% sits right within the RBA’s target range, offering stability despite global trade uncertainties. This reading may reduce pressure on the central bank to adjust rates further.
Technical Setup
AUD/USD is trading between 0.6465 and 0.6500, with technical indicators suggesting a possible correction prior to a resumption of the decline.
Trading Idea
🎯 Sell AUD/USD on rallies to 0.6495
📍 Stop-loss: 0.6520 above resistance
🎯 Take-profit: 0.6400 support
Fed Chair Powell Testifies
14:00 GMT
Forecast: N/A | Previous: N/A
Impact: USD/JPY, EUR/USD, GBP/USD
Powell’s testimony is set to offer further insights into the Fed’s outlook as they remain cautious despite robust US economic indicators. His comments will be closely analyzed for hints on future policy moves.
Technical Setup
USD/JPY retains a bullish bias, underpinned by favorable rate differential expectations.
Trading Idea
🎯 Buy USD/JPY at 146.00
📍 Stop-loss: 145.00
🎯 Take-profit: 148.00
Thursday, June 26, 2025
BOE Governor Bailey Speaks
11:00 GMT
Forecast: N/A | Previous: N/A
Impact: GBP/USD, EUR/GBP
Following the recent quarter-point rate cut, Bailey's remarks are expected to shed light on future monetary policy directions, potentially influencing the pound as the market reacts to hints of upcoming adjustments.
Technical Setup
GBP/USD is hovering around 1.3500 with bearish signals and an RSI indicating oversold conditions at 37.6, which could allow for a brief bounce.
Trading Idea
🎯 Sell GBP/USD on rallies to 1.3480
📍 Stop-loss: 1.3534
🎯 Take-profit: 1.3335
US GDP & Unemployment Claims
12:30 GMT
Forecast: N/A | Previous: GDP q/q -0.2%, Claims 245K
Impact: USD/JPY, EUR/USD, GBP/USD
The US GDP shows a slight quarterly contraction of -0.2%, but robust employment figures with claims at 245K suggest that the labor market remains strong, creating mixed signals for future Fed policy.
Technical Setup
USD/JPY is expected to trade within a range of 144.50-146.20.
Trading Idea
🎯 Buy USD/JPY above 146.20
📍 Stop-loss: 145.50
🎯 Take-profit: 148.00
Friday, June 27, 2025
North American Data
12:30 GMT
Forecast: N/A | Previous: GDP m/m 0.1%, Core PCE 0.1%
Impact: USD/CAD, EUR/USD, GBP/USD
The week concludes with North American data showing modest Canadian GDP growth and a steady US Core PCE reading, which may help anchor inflation expectations and provide limited stimulus for further rate cuts.
Technical Setup
USD/CAD continues its bullish momentum, supported by strong trend indicators.
Trading Idea
🎯 Buy USD/CAD on dips to 1.3640
📍 Stop-loss: 1.3620 below support
🎯 Take-profit: 1.3800 extension
Note: All times are GMT. Trade ideas are for educational purposes; monitor price action for confirmation before entry.
