A Busy Week of Economic Data and Global Market Developments:
Markets are bracing for a week filled with impactful economic data,
Most notably, statements from central bank leaders and key reports from the United States and New Zealand.
At the same time, ongoing trade tensions and supply concerns continue
to influence the movements of oil, gold, and major currencies.
Here’s a quick look at the key market drivers this week.

Content

Economic Events
Oil
USDJPY
EURUSD
Gold
Dow Jones

Economic Events

Monday, May 26, 2025
17:30 – Eurozone – Speech by European Central Bank President Christine Lagarde

Tuesday, May 27, 2025
17:00 – United States – CB Consumer Confidence Index (May)

Wednesday, May 28, 2025
05:00 – New Zealand – Reserve Bank of New Zealand (RBNZ) Monetary Policy Statement

05:00 – New Zealand – RBNZ Interest Rate Decision

06:00 – New Zealand – RBNZ Press Conference

21:00 – United States – FOMC Meeting Minutes

Thursday, May 29, 2025
04:30 – Australia – Consumer Price Index (YoY)

15:30 – United States – GDP (Preliminary Reading – Quarterly)

15:30 – United States – Weekly Jobless Claims

Friday, May 30, 2025
15:30 – Canada – GDP (Monthly)

15:30 – United States – Core PCE Price Index (Monthly)

Oil

Oil prices moved sideways by the end of last week amid market concerns

Markets fear potential supply disruptions if the U.S. and Iran fail to reach an agreement.
Oil currently trades near $61.70, rebounding from a low of $55.00.

If the price breaks through $64.80, this would complete a double bottom and peak pattern,
paving the way for a continued rally toward $70.00.
However, if a reversal price action appears around $64.80,
downward movement may resume, targeting the previous low again.

USDJPY

The Japanese Yen continues to gain against the U.S. Dollar,
supported by market volatility and its role as a key safe-haven asset,
especially amid rising trade tensions between Donald Trump and EU countries.
The pair is currently trading near 142.85, with expectations for further decline toward the key support at 140.00.
A break below this level could extend the downtrend toward 137.20.

EURUSD

The EURUSD pair is trading around 1.1394,
following a bullish wave supported by the postponement of U.S. tariffs on EU countries until July 9.
This decision has helped support the Euro against the Dollar,
with the pair now stabilizing around 1.1359.
The upward trend is expected to continue toward the peak at 1.1572,
which could act as a resistance zone, leading to a potential bearish correction.

Gold

Gold remains a clearly positive trend, supported by ongoing global trade tensions.
It is currently trading at $3,337, after rebounding from the key support at $3,200,
following a false breakout below that level.
Current price action suggests continued bullish movement toward $3,441, then the psychological resistance at $3,500.
The bearish scenario would require a daily close below $3,200, which could drive gold back to $3,000.

Dow Jones

The Dow Jones Index has returned to a downward trend in recent sessions
amid escalating trade tensions between Trump and the European Union last week.
However, markets are expected to calm again following the announcement of a tariff delay until July 9.
Technically, the index has reached 41,603 points,
and it is expected to encounter a role-reversal zone at 40,731,
which could push it back up toward 42,804.
If 40,731 is broken, the downward trend may continue toward 39,800.

A Busy Week of Economic Data and Global Market Developments

A Busy Week of Economic Data and Global Market Developments

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