April 24, 2025 a 02:31 am
Important Key Figures of the Last Few Days
The last few days have seen significant economic data releases that depict a mixed picture for both the US and European economies. While some indicators show resilience, there are signs of weakening in others, reflecting broader economic uncertainties. These mixed signals could imply volatility in the US Dollar's performance, influenced by expectations around future monetary policy adjustments. Understanding these figures provides crucial insights into potential economic shifts.
📊 US Housing Market Overview
| Event | Previous | Current | Change | Interpretation | USD Impact |
|---|---|---|---|---|---|
| Existing Home Sales MoM | 4.2% | N/A | N/A | Pending significant decrease indicates a potential cooling in the housing market. | Potential downward pressure on USD due to reduced economic activity. |
| New Home Sales (Mar) | 3.1% | 7.4% | +4.3% | Strong rebound suggests renewed demand, possibly due to lower mortgage rates. | Could support USD as it reflects economic resilience. |
🗣️ Key PMI Indicators Across Regions
| Event | Previous | Current | Change | Interpretation | USD Impact |
|---|---|---|---|---|---|
| S&P Global Services PMI (US) | 54.4 | 51.4 | -3.0 | Decline suggests slowing growth in service sector activities. | Negative, potential USD weakening if trend continues. |
| S&P Global Manufacturing PMI (US) | 50.2 | 50.7 | +0.5 | Slight improvement indicates marginal expansion in manufacturing. | Neutral to slight positive impact on USD. |
| HCOB Manufacturing PMI (EU) | 48.6 | 48.7 | +0.1 | Slight improvement but still below expansionary threshold. | Minimal impact on USD as risks remain. |
| HCOB Services PMI (EU) | 51 | 49.7 | -1.3 | Contraction indicates declining momentum in services. | Could support USD through safe-haven demand. |
📈 Employment and Jobless Claims
- Continuing Jobless Claims (Apr/12): Previous: 1,885K, Estimate: 1,880K, Actual: N/A
- Initial Jobless Claims (Apr/19): Previous: 215K, Estimate: 221K, Actual: N/A
- Stable figures suggest consistent labor market conditions, though rising estimates could imply emerging pressures.
- Assuming steady to increasing claims, could exert limited negative pressure on USD.
✅ Conclusion
Overall, the mixed economic data suggest a nuanced outlook for the USD. While strong new home sales and a stable manufacturing PMI offer support, declines in service sector activity and potential increases in jobless claims pose risks. The USD may face volatility in response to ongoing economic developments, with market focus on new data and policy signals.