Economic calendar: German ZEW and US retail sales in macro focus 🔎

The macro calendar for today is relatively busy, with key attention focused on sentiment indicators from Germany and the Eurozone (ZEW), as well as US data, particularly retail sales.

Economic calendar

10 AM GMT, Germany: ZEW Economic Sentiment (expected -5.8 vs -0.5 prior)

Germany: ZEW Current Conditions (expected -70.5 vs -62.9 prior)
Eurozone: ZEW Inflation Expectations (expected -11.2 vs -8.5 prior)

1:15 PM GMT, US: ADP Employment Change (previous 39.25K)

1:30 PM GMT, US: Retail Sales MoM (expected 1.4% vs 0.6% prior)

US: Core Retail Sales MoM (expected 1.4% vs 0.5% prior)
US: Retail Sales YoY (previous 3.71%)

1:55 PM GMT, US: Redbook Index YoY (previous 7%)

3 PM GMT, US: Pending Home Sales MoM (expected 0.5% vs 1.8% prior)

US: Business Inventories MoM (expected 0.3% vs -0.1% prior)
US: Pending Home Sales Index (72.1)

9:30 PM GMT, US: API Weekly Gasoline Inventories (expected +0.626M)

US: API Weekly Distillate Inventories (expected -3.4M)
US: API Weekly Cushing Inventories (expected -1.7M)
US: API Weekly Crude Oil Inventories (expected +6.1M)

Central bank speakers

07:30 AM GMT: Nagel (ECB)
08;00 AM GMT: de Guindos (ECB)
09:30 AM GMT: Koch (ECB) and Rehn (ECB)
3 PM GMT: Waller (Fed)
5:15 PM GMT: Tschudin (SNB)
7:30 PM GMT: Waller (Fed)

EURUSD, H1 interval

Source: xStation5

14 July 2026, 6:34 PM

Daily Summary: Lower inflation weakens the dollar and awakens gold and S&P 500 to gains

14 July 2026, 4:10 PM

Fed Chair Kevin Warsh’s Q&A from Congress Testimony: Inflation stability is a key

14 July 2026, 4:03 PM

Bypassing Hormuz: Gulf States Race Against Time

14 July 2026, 3:17 PM

US Open: Nasdaq 100 gains 1% 🔼 Software stocks decline, JP Morgan rises after earnings

Economic reports

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