July 03, 2025 a 07:00 pm
📊 Todays Important Key Figures
Today's data highlights significant developments in the macroeconomic landscape. The U.S. Non-Manufacturing PMI reflects a positive resurgence, surpassing expectations, which can impact USD strength. Meanwhile, the Canadian Balance of Trade shows improvement but remains negative, which could weigh on the CAD. Across the Atlantic, the UK and Euro area service sectors show mixed results which will undoubtedly impact sentiment in GBP and EUR.
💵 USD - United States Dollar
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| ISM Non-Manufacturing PMI (Jun) | 2025-07-03 14:00:00 | 49.9 | 50.8 | 50.8 | 0.9 | High |
| ISM Non-Manufacturing Prices (Jun) | 2025-07-03 14:00:00 | 68.7 | 67.5 | 68.9 | -1.2 | High |
| S&P Global Services PMI (Jun) | 2025-07-03 13:45:00 | 53.7 | 52.9 | 53.1 | -0.8 | High |
| Unemployment Rate (Jun) | 2025-07-03 12:30:00 | 4.2% | 4.1% | 4.3% | -0.1 | High |
| Non Farm Payrolls (Jun) | 2025-07-03 12:30:00 | 144 K | 147 K | 110 K | 3 | High |
🗣️ Interpretation: The ISM indicators show mixed signals, with growth in the non-manufacturing sector but rising input prices. The lower-than-expected unemployment rate suggests labor market resilience, while payrolls indicate moderate hiring. These factors contribute to a positive outlook for the USD, supporting its strength in the short term.
💶 CAD - Canadian Dollar
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Balance of Trade (May) | 2025-07-03 12:30:00 | -7.6 B | -5.9 B | -5.9 B | 1.7 | High |
🗣️ Interpretation: The improved trade balance indicates a narrowing deficit, which can reduce downside pressures on the CAD. However, as the trade balance remains negative, the CAD might face volatility in the short term, depending on other economic indicators.
💷 GBP - British Pound
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| CPI (Jun) | 2025-07-03 08:30:00 | 3% | 3.3% | --- | 0.3 | High |
| S&P Global Services PMI (Jun) | 2025-07-03 08:30:00 | 50.9 | 52.8 | 51.3 | 1.9 | High |
🗣️ Interpretation: The unexpected increase in CPI indicates rising inflationary pressures that may influence Bank of England policy moves. The stronger services PMI indicates sector growth, supporting the GBP amid potential monetary tightening.
💶 EUR - Euro
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| HCOB Services PMI (Jun) - EU | 2025-07-03 08:00:00 | 49.7 | 50.5 | 50 | 0.8 | High |
| HCOB Services PMI (Jun) - DE | 2025-07-03 07:55:00 | 47.1 | 49.7 | 49.4 | 2.6 | High |
| HCOB Services PMI (Jun) - IT | 2025-07-03 07:45:00 | 53.2 | 52.1 | 52.7 | -1.1 | High |
🗣️ Interpretation: The improvement in EU and DE Services PMI suggests growing confidence. However, the Italian slowdown may temper wider Eurozone optimism. The mixed PMI data implies cautious sentiment towards EUR, which might face near-term consolidation.
🔚 Conclusion
✅ The data today shows a generally supportive environment for the USD due to favorable unemployment numbers and PMI results. The CAD benefits from a narrowing trade deficit, albeit negatively positioned. GBP appears supported by inflation pressures and service growth, while EUR exhibits a mixed outlook with pockets of improvement but some regional challenges. Overall, USD and GBP are positioned for strength, while EUR and CAD may experience volatility depending on further developments.