Top Forex Brokers – Forex Weekly news and analysis For May 19 – 25, 2025
Economic calendar highlights
Tuesday, May 20
RBA Monetary Policy Statement and RBA Rate Statement
These reports provide insights into economic health and monetary policy in Australia. A surprise rate hike can strengthen the AUDUSD, while rate cuts often weaken the Australian dollar.
Thursday, May 22
Flash Manufacturing PMI and Flash Services PMI
These indicators show economic health based on surveys of purchasing managers in manufacturing and services. Readings above 50 indicate expansion, while lower numbers signal contraction. Stronger-than-expected PMI data usually boosts the US dollar.
EURUSD (H4)
EURUSD has formed a cup and handle pattern, aiming to retest the 1.1270 resistance. The momentum oscillator crosses the 100-line upwards, while the 100-MA gives an additional resistance for the asset.
• If the EURUSD breaks above the 1.1270 resistance, the price may rise to the 1.1370 resistance.
USDCHF (daily)
USDCHF is recovering within a trend line, retesting the 0.8320 support. The Alligator’s lips cross the jaw, while the MACD oscillator is nearing the 0-level, suggesting a bullish sentiment for the asset.
•If the price rebounds from the 0.8320 support, it may rise to 0.8460.
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*Tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only.
