Today's economic calendar is heavily influenced by critical manufacturing and inflation data from both European and Asian markets. The focus is largely on the Euro and its regional inflation variations, complemented by key manufacturing indicators from China, Japan, and Australia. While the UK's GDP growth figures provide a positive backdrop, the mixed signals from the Eurozone could stir volatility, requiring traders to maintain vigilance.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Caixin Manufacturing PMI (Jun) | 2025-07-01 01:45:00 | 48.3 | -- | 49 | -- | High |
๐ฃ๏ธ Economic Interpretation: The PMI below the threshold of 50 indicates contraction in the manufacturing sector. A continued decline poses risks to economic recovery. The Chinese currency might face downward pressure if the contraction persists.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Tankan Large Manufacturers Index (Q2) | 2025-06-30 23:50:00 | 12 | -- | 10 | -- | High |
๐ฃ๏ธ Economic Interpretation: Declining sentiment amongst large manufacturers suggests potential headwinds for Japan's industrial economy. Such weakness may translate into a softer Yen.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| S&P Global Manufacturing PMI (Jun) | 2025-06-30 23:00:00 | 51 | -- | 51 | -- | High |
๐ฃ๏ธ Economic Interpretation: An unchanged PMI above 50 signifies steady expansion in manufacturing activities. This stability could support the Australian Dollar.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Inflation Rate YoY (Jun) - DE | 2025-06-30 12:00:00 | 2.1% | 2% | 2.2% | -0.1% | High |
| CPI (Jun) - DE | 2025-06-30 12:00:00 | 0.1% | 0% | 0.2% | -0.1% | High |
| Retail Sales YoY (May) - GR | 2025-06-30 10:00:00 | 1.1% | 7.5% | 0.9% | 6.4% | High |
๐ฃ๏ธ Economic Interpretation: The decline in Germany's inflation rates suggests weakening price pressures, possibly motivating a dovish stance by the ECB. However, the surprising jump in Greek retail sales adds a positive note. The Euro's performance might be mixed, depending on how these factors interact.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Gross Domestic Product QoQ (Q1) | 2025-06-30 06:00:00 | 0.1% | 0.7% | 0.7% | 0.6% | High |
| Gross Domestic Product YoY (Q1) | 2025-06-30 06:00:00 | 1.5% | 1.3% | 1.3% | -0.2% | High |
๐ฃ๏ธ Economic Interpretation: A robust QoQ GDP growth lends support to the British Pound, reinforcing economic resilience. However, the YoY figures are less encouraging. Overall, positive effects on the currency can be expected.
โ Despite mixed data from the Eurozone, particularly Germany, the single currency might find some stability due to surprising growth in certain retail sectors. Meanwhile, the UK shows robust GDP expansion, likely benefiting the Pound. However, weakening manufacturing sentiment in the Asian market could pressure the Yuan and Yen, suggesting a cautious approach for traders.