July 24, 2025 a 02:31 am
Important Key Figures of the last few Days
This week has provided a variety of significant economic indicators across the US and European regions. The mixed data points, primarily around housing sales and PMI figures, give us a complex picture of the economic health and potential currency impacts. While some indicators suggest economic resilience, others highlight areas of concern, especially regarding employment and consumer sentiment.
📉 Housing Market Dynamics
| Event | Previous | Actual | Change | Interpretation |
|---|---|---|---|---|
| Existing Home Sales (Jun) | 4.04M | 3.93M | -0.11M (-2.72%) | The decline in existing home sales indicates a cooling housing market, potentially due to higher interest rates. |
| Existing Home Sales MoM | 1% | -2.7% | -3.7% | This significant drop suggests a sharp decrease in monthly transactions, possibly affecting economic growth negatively. |
The cooling housing market could put downward pressure on the USD as it may reflect reduced consumer spending and confidence.
📊 Employment Indicators
| Event | Previous | Estimate | Interpretation |
|---|---|---|---|
| Initial Jobless Claims | 221K | 227K | An increase in jobless claims is indicative of a softening labor market which could dampen consumption. |
| Continuing Jobless Claims | 1956K | 1960K | The steady level suggests ongoing labor market challenges, contributing to economic uncertainty. |
| Jobless Claims 4-Week Average | 229.5K | 231K | A slight rise reflects increased unemployment persistence, impacting consumer confidence. |
Persistent jobless claims can weaken the USD as lower employment typically leads to decreased spending and slower economic growth.
🗣️ Key Speeches and PMI Data
- Fed Chair Powell Speech: Awaited for monetary policy hints that could impact USD strength.
- S&P Global Services PMI (Jul): Previous 52.9, Estimate 53. No data yet, but consistent levels indicate service sector stability.
- S&P Global Manufacturing PMI (Jul): Previous 52.9, Estimate 52.6. A stable manufacturing PMI could support economic growth perceptions.
Stable PMI figures generally bode well for economic momentum, potentially supporting the USD.
✅ Conclusion
Overall, the current economic indicators provide a mixed outlook. The decline in both existing home sales and increasing jobless claims could be seen as troubling, potentially adding pressures against the USD. However, stable PMI figures and upcoming guidance from the Fed could support USD stability if they signal continued economic resilience. Currently, the figures tend to be slightly burdensome for the USD, with potential for shifts as new data emerges.