Top Forex Brokers – Forex Weekly news and analysis For May 26 – June 1, 2025
Economic calendar highlights
Thursday, May 29
For the first time since early 2022, we will likely see a reinforced initial GDP decline. This is due to a surge in imports ahead of new tariffs and reduced government spending. The decline would impact market perceptions, especially if consumer spending surprises.
Friday, May 30
PCE, a common inflation measure, is predicted to have increased by 0.1% MoM in April, slightly above the previous reading of 0.0%. Any lower reading would support speculation for potential rate cuts later in the year, while an unforecasted growth would stop any such talks.
XAUUSD (daily)
XAUUSD has formed a bullish flag pattern, and the price is testing the upper boundary. At the same time, AO indicates that bullish sentiment is strengthening, which confirms that gold can keep growing. However, a retest of the global trend line before going up is also possible.
• We consider buying XAUUSD when the upper boundary of the flag breaks above 3360 with a target of 3500 (ATH), and then 3700.
EURUSD (daily)
In the daily timeframe, EURUSD has formed a bullish flag pattern, and the price has already broken the upper trend line. It crossed the TEMA, and the Chaikin rose above 0.
• We consider buying EURUSD on consolidation above 1.1420 with a target of 1.1560 and a further target of 1.1770.
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*Tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only.
