Today's economic data release presents significant metrics across multiple currencies. The focus will primarily be on high-impact events related to unemployment rates, trade balances, and PMI figures. These numbers are crucial for understanding the current economic climate and future direction concerning monetary policies and economic health. Notable attention should be paid to the US ISM PMI data, which has shown mixed results, and its impact on the US Dollar (USD).
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
Unemployment Rate (Q2) | 2025-08-05 22:45:00 | 5.1% | - | 5.3% | - | High |
Employment Change QoQ (Q2) | 2025-08-05 22:45:00 | 0.1% | - | -0.1% | - | High |
๐ฃ๏ธ Economic Outlook: The increase in unemployment rate alongside a negative employment change estimate suggests potential weakening in labor market conditions, posing downside risks to New Zealand's economic recovery.
๐ด Impact on NZD: This data could exert downward pressure on the NZD if the actual figures align with estimates, signalling potential economic slowdowns.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
ISM Non-Manufacturing PMI (Jul) | 2025-08-05 14:00:00 | 50.8 | 50.1 | 51.5 | -0.7 | High |
ISM Services PMI (Jul) | 2025-08-05 14:00:00 | 50.8 | 50.1 | 51.5 | -0.7 | High |
ISM Non-Manufacturing Prices (Jul) | 2025-08-05 14:00:00 | 67.5 | 69.9 | 66.5 | 2.4 | High |
S&P Global Services PMI (Jul) | 2025-08-05 13:45:00 | 52.9 | 55.7 | 55.2 | 2.8 | High |
๐ฃ๏ธ Economic Outlook: Mixed PMI data reflects uncertainty in the US services sector, although inflationary pressures remain as indicated by rising non-manufacturing prices.
๐ Impact on USD: The mixed figures may lead to volatility in USD trading, with the upward pressure from high prices likely counteracted by weaker-than-expected PMI readings.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
Balance of Trade (Jun) | 2025-08-05 12:30:00 | -5.49B | -5.86B | -5.8B | -0.37B | High |
๐ฃ๏ธ Economic Outlook: The widening trade deficit points towards challenges in export growth, potentially influenced by global economic headwinds.
๐ Impact on CAD: The larger trade deficit than expected may weigh on the CAD, reflecting concerns over Canada's external sector performance.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
S&P Global Services PMI (Jul) | 2025-08-05 08:30:00 | 52.8 | 51.8 | 51.2 | -1.0 | High |
๐ฃ๏ธ Economic Outlook: A slight decline in the PMI indicates some moderation in the services sector, which remains above the contraction threshold.
๐ธ Impact on GBP: This result may have a neutral to slightly negative effect on the GBP due to the sector's still-positive expansion, but weaker than previous months.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
HCOB Services PMI (Jul) - EU | 2025-08-05 08:00:00 | 50.5 | 51.0 | 51.2 | 0.5 | High |
HCOB Services PMI (Jul) - DE | 2025-08-05 07:55:00 | 49.7 | 50.6 | 50.1 | 0.9 | High |
HCOB Services PMI (Jul) - FR | 2025-08-05 07:50:00 | 49.6 | 48.5 | 49.7 | -1.1 | High |
HCOB Services PMI (Jul) - IT | 2025-08-05 07:45:00 | 52.1 | 52.3 | 52.6 | 0.2 | High |
HCOB Services PMI (Jul) - ES | 2025-08-05 07:15:00 | 51.9 | 55.1 | 52.5 | 3.2 | High |
๐ฃ๏ธ Economic Outlook: The eurozone's mixed PMI results underscore regional disparities, with significant strength noted in Spain's service sector. France presented weaker-than-expected numbers, which could highlight brewing issues.
๐ Impact on EUR: Regional performances might lead to volatile EUR behavior, with stronger results potentially bolstering and weaker data possibly hindering momentum.
Overall, today's data releases present a mixed impact on global currencies. The US and NZ data are expected to present headwinds, whereas the Eurozone shows varied results, reflecting regional economic conditions. Therefore, the numbers could be considered neutral to moderately adverse for most currencies in focus.