Today's key economic indicators reveal a mixed picture for major currencies. While some economies show signs of resilience, others are met with declining consumer sentiments and sales figures. The impact of these numbers extends to consumer confidence, purchasing managers' outlook, and retail activity levels, potentially influencing currency valuation and investment decisions.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Michigan Consumer Sentiment (Nov) | 2025-11-21 15:00:00 | 53.6 | 51 | 50.5 | -2.6 | High |
| S&P Global Manufacturing PMI (Nov) | 2025-11-21 14:45:00 | 52.5 | 51.9 | 51.9 | -0.6 | High |
| S&P Global Services PMI (Nov) | 2025-11-21 14:45:00 | 54.8 | 55 | 54.6 | 0.2 | High |
๐ฃ๏ธ The Michigan Consumer Sentiment slightly underperformed, reflecting a continued concern among consumers. The decline in Manufacturing PMI suggests a slower growth trajectory, while the Services PMI shows resilience above estimates, indicating stability in the service sector. These mixed results could exert mild downward pressure on the USD, though the robust service sector is a bright spot.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Retail Sales YoY (Sep) | 2025-11-21 13:30:00 | 4.9% | 3.4% | 3.2% | -1.5% | High |
| Retail Sales MoM (Sep) | 2025-11-21 13:30:00 | 1% | -0.7% | -0.7% | -1.7% | High |
| Retail Sales MoM (Oct) | 2025-11-21 13:30:00 | -0.7% | 0% | 0.5% | 0.7% | High |
| Retail Sales Ex Autos MoM (Sep) | 2025-11-21 13:30:00 | 0.8% | 0.2% | -0.5% | -0.6% | High |
๐ฃ๏ธ The Canadian retail sector shows a mixed picture with YoY growth slowing and negative MoM growth. This slump in retail sales could signify a contraction in consumer spending, potentially putting pressure on the CAD. However, the stabilization seen in the October numbers suggests some resilience.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| ECB Guindos Speech | 2025-11-21 11:30:00 | - | - | - | - | High |
| HCOB Services PMI (Nov) | 2025-11-21 09:00:00 | 53 | 53.1 | 52.3 | 0.1 | High |
๐ฃ๏ธ The ECB speech is expected to hold significant insights, while the marginal increase in Services PMI suggests stable growth. The overall impact on the Eurozone economy could be neutral, with the Euro likely to remain steady unless influenced by new insights from the ECB.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| S&P Global Manufacturing PMI Flash (Nov) | 2025-11-21 09:30:00 | 49.7 | 50.2 | 49.5 | 0.5 | High |
| S&P Global Services PMI (Nov) | 2025-11-21 09:30:00 | 52.3 | 50.5 | 52.5 | -1.8 | High |
| S&P Global Services PMI Flash (Nov) | 2025-11-21 09:30:00 | 52.3 | 50.5 | 52 | -1.8 | High |
| Retail Sales Ex Fuel YoY (Oct) | 2025-11-21 07:00:00 | 1.7% | 1.2% | 2.5% | -0.5% | High |
| Retail Sales Ex Fuel MoM (Oct) | 2025-11-21 07:00:00 | 0.7% | -1% | -0.2% | -1.7% | High |
| Retail Sales MoM (Oct) | 2025-11-21 07:00:00 | 0.7% | -1.1% | 0.1% | -1.8% | High |
| Retail Sales YoY (Oct) | 2025-11-21 07:00:00 | 1% | 0.2% | 1.5% | -0.8% | High |
๐ฃ๏ธ UK data reflects a mixed economic environment. While the Manufacturing PMI is in expansion, Services PMI and Retail Sales numbers are disappointing, pointing to weak consumer demand. This could weigh negatively on the GBP as market confidence dampens.
โ The economic data presented today paints a complex picture for global currencies. While the USD holds steady with a strong services sector, the CAD and GBP face challenges from disappointing retail sales. The Euro, buffered by a steady PMI, remains stable for now. Overall, today's figures present a mix of supportive and burdensome elements, shaping a cautious outlook for currency traders.