July 29, 2025 a 02:31 am
Important Key Figures of the Last Few Days
In the past few days, noteworthy economic indicators have been released, highlighting both challenges and growth in key sectors. The US experienced mixed results in durable goods orders and jobless claims, suggesting instability in manufacturing yet resilience in the job market. Meanwhile, the European sphere showed slight growth in the PMI sectors alongside stable ECB interest rates. These divergences in economic signals may have significant ramifications for currency valuations, notably the USD and EUR.
📊 Economic Indicators Overview
US Durable Goods and Jobless Claims
| Event | Previous | Estimate | Actual | Change | Interpretation | Potential USD Impact |
|---|---|---|---|---|---|---|
| Durable Goods Orders MoM (Jun) | 16.5% | -10.8% | -9.3% | -25.8% | Significant decline suggests reduced confidence in manufacturing. | ⚠️ Potential downward pressure on USD. |
| New Home Sales (Jun) | -11.6% | 10.0% | 0.6% | +12.2% | Increase points to recovery in housing market demand. | ✅ May support USD strength. |
| Initial Jobless Claims (Jul/19) | 221K | 227K | 217K | -4K | Decrease indicates strength in labor market. | ✅ Boost for USD stability. |
European PMI and Interest Rates
| Event | Previous | Estimate | Actual | Change | Interpretation | Potential EUR Impact |
|---|---|---|---|---|---|---|
| ECB Interest Rate Decision | 2.15% | 2.15% | 2.15% | 0% | Rates remain steady, indicating cautious optimism. | ⚖️ Neutral effect on EUR. |
| HCOB Services PMI (Jul) | 50.5 | 50.7 | 51.2 | +0.7 | Expansion in services sector signals economic resilience. | ✅ May lend support to EUR. |
| HCOB Manufacturing PMI (Jul) | 49.5 | 49.7 | 49.8 | +0.3 | Minor improvement continues showing stagnation. | ⚠️ Limited positive influence on EUR. |
Conclusion
The recent economic data present a complex picture. While the US labor market shows resilience, the sharp decline in durable goods orders poses challenges. Meanwhile, Europe's stable interest rates and slight improvements in PMI readings reflect cautious optimism. Overall, the mixed signals are more supportive of the EUR than the USD, possibly exerting mild bearish pressure on the US dollar.