Top Forex Brokers – Forex Weekly news and analysis For May 4 – 11, 2025

Top Forex Brokers – Forex Weekly news and analysis For May 4 – 11, 2025

Economic calendar highlights

Wednesday, May 7

Fed Interest Rate Decision The Fed is expected to keep rates steady at 5.25%–5.50%. With inflation easing and the labor market cooling, talk of a June rate cut is gaining traction. Markets will watch Powell closely — a dovish tone could weaken the dollar and lift stocks and bonds.

Thursday, May 8

Bank of England Rate Decision The Bank of England is expected to cut rates from 4.50% to 4.25%, as inflation eases and growth slows. With strained UK consumers and US tariffs weighing on trade, much depends on the outlook. The pound may swing sharply depending on how the vote splits.

US Initial Jobless Claims Initial jobless claims rose to 241,000 — a two-month high and above forecasts, hinting at a cooling labor market. If the trend holds, the Fed may be pushed toward easing. Markets could grow more sensitive to the dollar and 2-year Treasury yields.

US30 (Daily)

US30 formed an expanding wedge and broke above the upper trendline. The price has retested a key level, and the Alligator indicator shows the lips crossing above the jaw. Meanwhile, the oscillator band is near the top.

• Considering a long position on further upside, targeting 42 700.

EURUSD (Daily)

EURUSD has formed a bullish flag pattern, and the price is testing the upper boundary. At the same time, CCI and %R have exited the oversold zone. The MA50 has crossed above the MA200, forming a golden cross.

• Consider buying EURUSD only if the upper boundary at 1.1340 is broken, with a target at 1.1510.

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