📊Euro—next global reserve currency?

The euro (EUR) gained 0.2% as investors remained cautious amid growing concerns over the U.S.'s comprehensive tax and spending bill and its impact on the nation's fiscal outlook. The proposed legislation could significantly widen the federal deficit, fuelling scepticism about the long-term sustainability of U.S. debt and dampening appetite for dollar-denominated assets.

👉 Possible effects for traders

This uncertainty has added to the broader erosion of confidence in U.S. financial instruments as markets assess the risks of increased borrowing against a backdrop of already elevated debt levels. With investors reassessing the relative attractiveness of U.S. assets, the U.S. dollar's (USD) recovery remains limited. Global markets are increasingly sensitive to fiscal developments and their implications for monetary policy and interest rates.

'In a way, all roads have led to a weaker USD', said Chris Weston, Head of Research at Pepperstone. 'Higher perceived U.S. deficits have raised concerns about increased future Treasury issuance, pushing up term premium and seeing people migrate away from the USD'. Meanwhile, European Central Bank President Christine Lagarde said on Monday that the euro could become a viable alternative to the U.S. dollar, the global reserve currency, if governments can strengthen the bloc's financial and security architecture. 'The ongoing changes create the opening for a 'global euro moment', Lagarde said at a lecture in Berlin. 'The euro will not gain influence by default—it will have to earn it'.

EURUSD remained relatively unchanged during Asian and early European trading sessions. Today, two U.S. macroeconomic reports will come out and may affect the market: Durable Goods Orders at 12:30 p.m. and CB Consumer Confidence at 2:00 p.m. UTC. Better-than-expected data could support the U.S. dollar, pulling the euro lower. In contrast, lower numbers may support the bullish momentum in EURUSD.

📲 More trading opportunities in our app

If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊Gold hovers near two-week high

The gold (XAU) price slightly fell by 0.46% on Monday, after The European Union has agreed to accelerate trade negotiations.

👉 Possible effects for traders

This decision follows U.S. President Donald Trump's threat to implement a 50% tariff on European imports, scheduled for 1 June. Now, the deadline has been postponed to 9 July to give both sides more time for dialogue. The EU's proactive stance underscores the high stakes of preserving transatlantic trade relations amid mounting protectionist rhetoric. Markets reacted cautiously to the development, highlighting investor concerns about disruptions to global trade and corporate earnings.

'At this point, we are seeing some consolidation in gold prices. The market is taking a breather and waiting for the next catalyst', said Kelvin Wong, Senior Market Analyst, Asia Pacific at OANDA. 'However, market participants are concerned about the widening of that U.S. budget deficit that is a supporting factor for gold prices and that is also driving a dollar weakness as well'.

XAUUSD remained relatively unchanged during Asian and early European trading sessions. Today, the main focus is on the U.S. macroeconomic reports: Durable Goods Orders at 12:30 p.m. and CB Consumer Confidence at 2:00 p.m. UTC. Stronger-than-expected figures could delay further rate cuts, potentially weighing on XAUUSD. Conversely, worse-than-expected results may weaken the greenback and drive the gold price higher. Key levels to watch for XAUUSD are support at $3,320 and resistance at $3,370.

📲 More trading opportunities in our app

If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDCAD, 15-minute timeframe chart

👉General outlook

USDCAD has been trading in a sideways market within the last day.

👉Possible scenario

The best way to use this opportunity is to place a Sell order at 1.37595.

Set your stop loss at 1.37914 above the previous high ($2.32 loss for 0.01 lot) and take profit at 1.37276 ($2.32 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period.

@octa_analytics

#economic_calendar

These events will affect the market on 28 May.

🔥 Don't forget to get a 100% deposit bonus!

GBPJPY, 15-minute timeframe chart

👉General outlook

GBPJPY has been trading in a bearish trend for the last couple of hours.

👉Possible scenario

The best way to use this opportunity is to place a Buy order at 194.530.

Set your stop loss at 194.030 below the previous low ($3.46 loss for 0.01 lot) and take profit at 195.030 ($3.46 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period.

@octa_analytics

📊 Australian dollar falls on dovish RBA stance

The Australian dollar (AUD) declined towards around 0.64300 on Wednesday, extending its downtrend despite April's Consumer Price Index (CPI) slightly exceeding expectations.

👉Possible effects for traders

The CPI data revealed inflation was at 2.4%, marginally higher than the forecasted 2.3%. Still, the data failed to support the Australian dollar, as market participants remained focused on the Reserve Bank of Australia's (RBA) dovish monetary stance.

The RBA's recent 25-basis-point (bps) rate cut and signals of further easing amid global headwinds—particularly from ongoing U.S.-China trade tensions—have weighed on sentiment. Policymakers have also pointed to subdued inflation and growth risks as justification for фт additional stimulus. Markets now price in a 65% probability of another rate cut in July, with expectations for a cumulative 75 basis points of easing by early 2026. At the same time, the U.S. dollar (USD) continued to strengthen, buoyed by improving economic indicators, further reducing demand for the Aussie.

During Asian and early European trading sessions, AUDUSD maintained upward momentum. Today, traders should observe the upcoming FOMC Meeting Minutes at 6:00 p.m. UTC as they may offer insights into the Fed's monetary policy outlook and affect the market. Key technical levels to watch are resistance at 0.64500 and support at 0.64000.

📲 More trading opportunities in our app

If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Follow @octa_analytics for more expert information

📊Euro extends losses

The euro (EUR) lost 0.52% on Wednesday, extending losses from the previous session.

👉Possible effects for traders

U.S. consumer confidence data came out stronger than expected. Consumer confidence rebounded in May, signalling improved consumer sentiment about the U.S. economic outlook. The data reinforced investor appetite for U.S. dollar-denominated assets, putting further downward pressure on the euro.

Market optimism following President Trump's decision to delay the implementation of 50% tariffs on EU imports added to the euro's weakness. This eased immediate concerns of a trade escalation, improving the investment outlook for U.S. assets. In anticipation of upcoming trade negotiations, European leaders have reportedly consulted with major firms to reassess their U.S. investment strategies. Meanwhile, Minneapolis Federal Reserve President Neel Kashkari reiterated his stance on holding interest rates steady until the inflationary impact of tariffs becomes clearer.

EURUSD remained relatively unchanged during Asian and early European trading sessions. Market participants await the publication of the U.S. FOMC Meeting Minutes at 6:00 p.m. UTC today, which may shed light on the U.S. monetary policy in 2025 and influence the Forex market.

📲 More trading opportunities in our app

If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Follow @octa_analytics for more expert information

📊Gold drops after upbeat U.S. consumer confidence data

The gold (XAU) price fell sharply by 1.24% on Tuesday after the better-than-expected U.S. consumer confidence data.

👉Possible effects for traders

U.S. consumer confidence rebounded in May, rising sharply from near five-year lows, reflecting renewed optimism about the U.S. economy and labour market conditions. This surge suggests that U.S. consumers feel more secure in their financial outlook, potentially supporting continued consumer spending—a key driver of gross domestic product growth.

At the same time, U.S. President Donald Trump's decision to postpone the imposition of tariffs on EU imports supported market sentiment. This move was seen as a constructive step towards de-escalating trade tensions and allowing additional negotiation time. Also, Minneapolis Federal Reserve President Neel Kashkari emphasised the need for a cautious monetary policy stance. He supported holding interest rates steady until the inflationary impact of existing tariffs becomes clearer.

During the Asian trading session, XAUUSD continued to decline. Today, gold will likely pause its decline after yesterday's significant drop. Still, FOMC Meeting Minutes, due at 6:00 p.m. UTC, may add volatility to the market. Analysts anticipate a range-bound movement for the day, with XAUUSD potentially testing the support level at $3,285 before establishing its next direction. Key levels to watch for XAUUSD are support at $3,285 and resistance at $3,320.


📲 More trading opportunities in our app

If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Follow @octa_analytics for more expert information

XAUUSD, 15-minute timeframe chart

👉Level explanation

XAUUSD has been trading in a bullish trend for the last couple of hours. Now, the price displays a bearish Hammer pattern.

👉Possible scenario

The best way to use this opportunity is to place a Sell order at 3,319.00.

Set your stop loss at 3,338.00 above the previous high ($19.00 loss for 0.01 lot) and take profit at 3,300.00 ($19.00 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period.

@octa_analytics

EURUSD, 1-hour timeframe chart

👉General outlook

EURUSD has been trading in a sideways market within the last day.

👉Possible scenario

The best way to use this opportunity is to place a Sell order at 1.13170.

Set your stop loss at 1.13746 above the previous high ($5.76 loss for 0.01 lot) and take profit at 1.12594 ($5.76 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period.

@octa_analytics

‼️ Join Octa Analytics VIP

Unlock premium signals, exclusive offers, and important events to boost your trading success.

To become a member of Octa Analytics VIP, follow these easy steps:

1️⃣ Make sure you have $50 or more in your account.
2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot.
3️⃣ Await verification—usually, it’s completed within one business day.

Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community!

💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

#economic_calendar

These events will affect the market on 29 May.

🔥 Don't forget to get a 100% deposit bonus!

EURUSD, 30-minute timeframe chart

👉General outlook

EURUSD has been under buying pressure within the last couple of hours.

👉Possible scenario

The best way to use this opportunity is to place a Sell order at 1.12400.

Set your stop loss at 1.12612 above the previous high ($2.12 loss for 0.01 lot) and take profit at 1.12188 ($2.12 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period.

@octa_analytics

📊Weakening safe-haven demand weighs on JPY

USDJPY rose for a third consecutive session on Wednesday, gaining 0.3%.

👉Possible effects for traders

The weakening safe-haven demand amid easing concerns over tariff-related risks contributed to a broader risk-on sentiment across global markets. This shift pressured the Japanese yen (JPY), which typically strengthens during periods of geopolitical or economic unease.

Meanwhile, Bank of Japan (BoJ) Governor Kazuo Ueda voiced concern over the recent rise in ultra-long-term Japanese government bond yields. He highlighted the importance of monitoring potential spillover into shorter-dated debt. His remarks underscore the BoJ's increasing vigilance over financial stability risks as global interest rate dynamics evolve. While Ueda reiterated the central bank’s commitment to reach the inflation target, his remarks signal a readiness to adjust policy if yield volatility begins to threaten market or economic stability.

The Japanese yen weakened towards 146.000—a two-week low—during Asian and early European trading sessions. Today's U.S. Jobless Claims data, due at 12:30 p.m. UTC, may trigger some volatility. For USDJPY, key levels to watch are resistance at 146.300 and support at 145.000.

📲 More trading opportunities in our app

If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Follow @octa_analytics for more expert information

📊📊Euro slips after U.S. court blocks Trump's trade tariffs

The euro (EUR) lost 0.32% on Thursday, for a third consecutive session following a significant legal setback for the Trump administration.

👉Possible effects for traders

The decline followed a significant legal setback for U.S. President Donald Trump's administration. A federal court concluded that Trump's imposition of reciprocal tariffs exceeded his executive authority, ruling the tariffs 'unlawful to all', not just the five plaintiffs in the case. The U.S. Court of International Trade ordered the immediate removal and permanent suspension of these tariffs, a decision that could have a wide range of implications for trade policy and market sentiment. The Trump administration will likely appeal the decision, but there's now a new layer of uncertainty in the market, which investors must factor into their risk assessments.

At the same time, market participants are closely watching developments in the U.S. Senate. President Trump's comprehensive tax and spending package faces intense scrutiny and is expected to undergo major revisions. On the monetary policy front, the latest FOMC Meeting Minutes revealed a more cautious tone among Federal Reserve (Fed) officials. The Committee emphasised a wait-and-see approach as it evaluated the economic impact of recent fiscal measures and ongoing trade disputes. Policymakers highlighted growing concerns about persistent inflation and a potential rise in unemployment—suggesting the Fed must carefully balance its dual mandate amid growing volatility.

EURUSD continued to decline during Asian and early European trading sessions. Today, the market focuses on two U.S. macroeconomic reports at 12:30 p.m. UTC: Gross Domestic Product and Jobless Claims data. Stronger-than-expected figures could delay rate cuts and push EURUSD below 1.11800. Conversely, worse-than-expected results weigh on the U.S. dollar and lift EURUSD above 1.13000.

📲 More trading opportunities in our app

If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Follow @octa_analytics for more expert information

📊📊Gold slips after FOMC Meeting Minutes

The gold (XAU) price fell by 0.4% on Wednesday after the Federal Reserve's (Fed) May Meeting Minutes release. The report highlighted policymakers’ growing concerns about persistent inflationary pressures and emerging weaknesses in the labour market.

👉Possible effects for traders

At its May meeting, the Fed held interest rates steady for the third consecutive time. The Fed reaffirmed its data-dependent approach amid growing economic fragility. While acknowledging the continued resilience of certain economic indicators, officials also noted a downgrade in growth projections and an elevated risk of recession.

Escalating trade tensions and the potential impact of proposed tariffs amplified concerns, heightening economic uncertainty. The Fed's tone reflected a more cautious outlook, signalling that downside risks to the economy are becoming harder to ignore. Fed officials, including New York Fed President John Williams, emphasised the importance of responding decisively if inflation deviates from the central bank's 2% target. This signals a readiness to proactively adjust monetary policy to maintain price stability, even as broader economic conditions grow more complex.

XAUUSD continued to fall during Asian and early European trading sessions. Today, U.S. Jobless Claims will come out at 12:30 p.m. UTC. The data may offer insight into U.S. labour market conditions and shape interest rate expectations. Key levels to watch for XAUUSD are support at $3,245 and resistance at $3,285.

📲 More trading opportunities in our app

If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Follow @octa_analytics for more expert information