Today's economic data presents a mixed outlook for major currencies. Key events such as Federal Reserve Chair Powell's speech and the Jackson Hole Symposium coupled with significant retail sales figures from Canada and critical GDP data from Germany are likely to weigh heavily on market sentiment. Investors should brace for potential volatility as economic indicators reflect diverse economic health across regions. The focus will remain on growth metrics and central bank narratives for guidance.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
Jackson Hole Symposium | 2025-08-23 00:00:00 | โ | โ | โ | โ | High |
Fed Chair Powell Speech | 2025-08-22 14:00:00 | โ | โ | โ | โ | High |
๐ฃ๏ธ Interpretation: All eyes will be on the Jackson Hole Symposium and Fed Chair Powell's speech. These events are likely to influence monetary policy expectations. Potential implications include heightened currency volatility and USD adjustments based on forward guidance.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
Retail Sales YoY (Jun) | 2025-08-22 12:30:00 | 4.9% | 6.6% | 5.3% | 1.7 | High |
Retail Sales MoM (Jul) | 2025-08-22 12:30:00 | 1.5% | -0.8% | -0.4% | -2.3 | High |
Retail Sales MoM (Jun) | 2025-08-22 12:30:00 | -1.2% | 1.5% | 1.5% | 2.7 | High |
Retail Sales Ex Autos MoM (Jun) | 2025-08-22 12:30:00 | -0.3% | 1.9% | 1.1% | 2.2 | High |
๐ Interpretation: The stronger-than-expected annual retail sales, paired with volatile monthly changes, indicate consumer spending fluctuations. This scenario could imply enhanced economic resilience, positively supporting CAD.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
Retail Sales YoY (Jul) | 2025-08-22 06:00:00 | 1.7% | โ | 1.3% | โ | High |
Retail Sales Ex Fuel MoM (Jul) | 2025-08-22 06:00:00 | 0.6% | โ | 0.5% | โ | High |
Retail Sales Ex Fuel YoY (Jul) | 2025-08-22 06:00:00 | 1.8% | โ | 1.2% | โ | High |
Retail Sales MoM (Jul) | 2025-08-22 06:00:00 | 0.9% | โ | 0.5% | โ | High |
๐ Interpretation: Pending retail sales figures for July may suggest declining consumer activity if deviating from expectations. A weaker outcome could exert downward pressure on GBP due to unease over domestic demand.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
Gross Domestic Product QoQ (Q2) | 2025-08-22 06:00:00 | 0.3% | -0.3% | -0.1% | -0.6 | High |
โ ๏ธ Interpretation: The weaker-than-expected GDP contraction in Germany indicates economic downturn risks for the Eurozone. This may apply bearish pressure on the EUR, highlighting challenges in boosting regional growth.
Based on the latest data and anticipated events, the USD may see heightened volatility influenced by official statements, the CAD seems supported by strong consumer data, the GBP may face downside risks due to uncertain retail trends, and the EUR encounters headwinds from economic contraction. Overall, mixed signals reflect varied economic landscapes, and currency impacts will hinge on forthcoming developments.