Today, the markets will be closely monitoring key economic indicators from the United States and Australia. The data releases involve the Aussie PMI figures and U.S. Existing Home Sales, which could have a significant impact on their respective currencies. Given the high-impact nature of these data points, investors and analysts should pay close attention as these figures unfold, influencing market sentiment and economic forecasts.
| Event | Date (NY) | Previous | Actual | Estimate | Impact |
|---|---|---|---|---|---|
| S&P Global Services PMI (Jul) | 2025-07-23 23:00:00 | 51.8 | — | 51.2 | High |
| S&P Global Manufacturing PMI (Jul) | 2025-07-23 23:00:00 | 50.6 | — | 50.4 | High |
🗣️ Interpretation: The anticipated slight decline in both the Services and Manufacturing PMIs suggests a potential softening in Australia’s economic expansion. If actual figures align with or fall below estimates, this could indicate weaker demand and potential pressure on the AUD.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Existing Home Sales (Jun) | 2025-07-23 14:00:00 | 4.04 | 3.93 | 4.01 | -0.11 | High |
| Existing Home Sales MoM | 2025-07-23 14:00:00 | 1% | -2.7% | -0.7% | -3.7% | High |
🗣️ Interpretation: The sharp decline in Existing Home Sales significantly below estimates indicates potential weakness in the U.S. housing market, possibly leading to reduced consumer confidence and economic growth uncertainty. This could create downward pressure on the USD.
⚠️ Overall, today's figures appear more burdensome for both the AUD and USD. The data shows potential economic slowing, which could weigh heavily on investor sentiment, generating caution in the currency markets.