What moved the market this week? Our latest market movers round-up reveals the key shifts:
🚀 Top performers:
🔹USDCHF +1.40% — the Swiss franc gained as the greenback strengthened.
🔹USDJPY +1.04% — the yen weakened with a positive risk sentiment.
🔹NZDUSD +0.37% — the kiwi dollar rose as investors took on more risk.
❌ Top losers:
🔹USDMXN –1.10% — the peso weakened despite improved sentiment.
🔹USDZAR –0.78% — the rand faced pressure amid a risk-on market shift.
🔹XAUUSD –0.28% — gold retreated as traders turned to riskier assets.
💬 Easing US–China trade tensions helped boost market sentiment, driving risk-sensitive currencies higher.
Follow @technicalmytips for more expert information
🚀 Top performers:
🔹USDCHF +1.40% — the Swiss franc gained as the greenback strengthened.
🔹USDJPY +1.04% — the yen weakened with a positive risk sentiment.
🔹NZDUSD +0.37% — the kiwi dollar rose as investors took on more risk.
❌ Top losers:
🔹USDMXN –1.10% — the peso weakened despite improved sentiment.
🔹USDZAR –0.78% — the rand faced pressure amid a risk-on market shift.
🔹XAUUSD –0.28% — gold retreated as traders turned to riskier assets.
💬 Easing US–China trade tensions helped boost market sentiment, driving risk-sensitive currencies higher.
Follow @technicalmytips for more expert information
ETHUSD, 15-minute timeframe chart
👉General outlook
ETHUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1,810.50.
Set your stop loss at 1,836.50 above the previous high ($2.60 loss for 0.01 lot) and take profit at 1,784.50 ($2.60 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.
👉General outlook
ETHUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1,810.50.
Set your stop loss at 1,836.50 above the previous high ($2.60 loss for 0.01 lot) and take profit at 1,784.50 ($2.60 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.
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AUDUSD, 15-minute timeframe chart
👉General outlook
AUDUSD 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 Sell order at 0.63900.
Set your stop loss at 0.64180 above the previous high ($2.80 loss for 0.01 lot) and take profit at 0.63620 ($2.80 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.
👉General outlook
AUDUSD 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 Sell order at 0.63900.
Set your stop loss at 0.64180 above the previous high ($2.80 loss for 0.01 lot) and take profit at 0.63620 ($2.80 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.
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📊 Yen rises after Bank of Japan's meeting
The Japanese yen (JPY) rose by 0.46% on Wednesday, extending gains from the 142.000 level.
👉Possible effects for traders
At its May policy meeting, the Bank of Japan (BoJ) held its benchmark short-term interest rate steady as the market had expected. The interest rate is now at 0.5%, the highest since 2008. The unanimous decision reflects the central bank's cautious stance amid heightened global uncertainty, particularly surrounding the potential economic fallout from U.S. President Trump's tariff plans. Ongoing trade negotiations between Tokyo and Washington seem to be a key variable that could shape future policy direction. Against this backdrop, the BoJ adopted a more dovish tone in its quarterly outlook. The bank lowered its gross domestic product (GDP) growth projection for 2025 towards 0.5%, down from the 1% forecast in January. It also changed the 2026 outlook to 0.7%, citing intensifying trade risks and rising policy uncertainty.
Additionally, the BoJ reduced its core inflation forecast, now expecting it to average 2.2% in 2025—down from 2.7%—with a further deceleration towards 1.7% in 2026 before gradually rising to 1.9% in 2027. Headline inflation is expected to remain close to 2% through the fiscal year ending March 2028. These projections underscore the central bank's cautious approach to policy normalisation, suggesting that further rate hikes will depend on domestic economic resilience and the evolving global trade environment.
USDJPY rose during the Asian and early European trading sessions. Today, the Initial Jobs Claims report will be released at 12:30 p.m. UTC, potentially triggering volatility in the market. Key levels to watch are resistance at 144.000 and support at 143.000.
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The Japanese yen (JPY) rose by 0.46% on Wednesday, extending gains from the 142.000 level.
👉Possible effects for traders
At its May policy meeting, the Bank of Japan (BoJ) held its benchmark short-term interest rate steady as the market had expected. The interest rate is now at 0.5%, the highest since 2008. The unanimous decision reflects the central bank's cautious stance amid heightened global uncertainty, particularly surrounding the potential economic fallout from U.S. President Trump's tariff plans. Ongoing trade negotiations between Tokyo and Washington seem to be a key variable that could shape future policy direction. Against this backdrop, the BoJ adopted a more dovish tone in its quarterly outlook. The bank lowered its gross domestic product (GDP) growth projection for 2025 towards 0.5%, down from the 1% forecast in January. It also changed the 2026 outlook to 0.7%, citing intensifying trade risks and rising policy uncertainty.
Additionally, the BoJ reduced its core inflation forecast, now expecting it to average 2.2% in 2025—down from 2.7%—with a further deceleration towards 1.7% in 2026 before gradually rising to 1.9% in 2027. Headline inflation is expected to remain close to 2% through the fiscal year ending March 2028. These projections underscore the central bank's cautious approach to policy normalisation, suggesting that further rate hikes will depend on domestic economic resilience and the evolving global trade environment.
USDJPY rose during the Asian and early European trading sessions. Today, the Initial Jobs Claims report will be released at 12:30 p.m. UTC, potentially triggering volatility in the market. Key levels to watch are resistance at 144.000 and support at 143.000.
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📊 EURUSD continues declining
On Wednesday, the euro (EUR) lost 0.5% against the U.S. dollar (USD) even though the eurozone Gross Domestic Product (GDP) Growth data exceeded the forecast, unlike the U.S. GDP report.
👉Possible effects for traders
A flash estimate showed that the eurozone economy grew by 1.2% year-on-year in Q1 2025, matching the previous quarter's pace and exceeding expectations of 1% growth. Among the eurozone's largest economies, Germany remains in recession, with the country's GDP contracting 0.2% year-on-year in Q1. Meanwhile, France and Italy showed modest growth of 0.8% and 0.6%, respectively. At the same time, U.S. data disappointed investors, with GDP declining by 0.3% instead of the forecasted 0.3% growth.
'It's important to realise that a large chunk of the fall in GDP is due to the sharp increase in imports, which takes away from GDP growth', said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors. 'And that's probably due to the expectation of tariffs. So, if you were to normalise that, you end up with positive GDP growth for the quarter, but it certainly doesn't bode well for Q2'.
EURUSD fell slightly during the Asian and early European trading sessions. Today, traders should focus on two U.S. reports: Jobless Claims at 12:30 p.m. UTC and ISM Manufacturing (PMI) at 2:00 p.m. UTC. Lower-than-expected figures could push EURUSD down below 1.13000. Conversely, higher-than-expected results may push the pair higher towards 1.14300.
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On Wednesday, the euro (EUR) lost 0.5% against the U.S. dollar (USD) even though the eurozone Gross Domestic Product (GDP) Growth data exceeded the forecast, unlike the U.S. GDP report.
👉Possible effects for traders
A flash estimate showed that the eurozone economy grew by 1.2% year-on-year in Q1 2025, matching the previous quarter's pace and exceeding expectations of 1% growth. Among the eurozone's largest economies, Germany remains in recession, with the country's GDP contracting 0.2% year-on-year in Q1. Meanwhile, France and Italy showed modest growth of 0.8% and 0.6%, respectively. At the same time, U.S. data disappointed investors, with GDP declining by 0.3% instead of the forecasted 0.3% growth.
'It's important to realise that a large chunk of the fall in GDP is due to the sharp increase in imports, which takes away from GDP growth', said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors. 'And that's probably due to the expectation of tariffs. So, if you were to normalise that, you end up with positive GDP growth for the quarter, but it certainly doesn't bode well for Q2'.
EURUSD fell slightly during the Asian and early European trading sessions. Today, traders should focus on two U.S. reports: Jobless Claims at 12:30 p.m. UTC and ISM Manufacturing (PMI) at 2:00 p.m. UTC. Lower-than-expected figures could push EURUSD down below 1.13000. Conversely, higher-than-expected results may push the pair higher towards 1.14300.
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📊 Gold declines for the third day in a row
The gold (XAU) price fell by 0.87% on Wednesday, pressured by concerns over the U.S. economic outlook.
👉Possible effects for traders
A weaker-than-expected Gross Domestic Product (GDP) report for Q1 showed that the U.S. economy had contracted by 0.3% instead of the expected 0.3% growth. The downturn was largely attributed to a more than 40% spike in imports, as businesses and consumers rushed to build inventories ahead. This happened due to anticipated tariff increases under Donald Trump's administration, highlighting the disruptive impact of ongoing trade tensions.
The ADP National Employment report also weighed on market sentiment. The data showed that private sector payrolls increased by just 62,000 in April, well below the estimates of 115,000. It marked the slowest pace of job creation since July 2024. The disappointing economic growth and soft labour market data have intensified fears of a potential recession. These concerns reinforce gold's role as a safe-haven asset, even as short-term price action remains volatile.
XAUUSD plunged by 1.63% during the Asian and early European trading sessions, hitting a low below $3,231. Today, the market will likely have to digest the announcement of the first tranche of deals that will reduce planned tariffs on some countries. In addition, U.S. macroeconomic reports may add extra volatility. Traders should focus on the Jobless Claims figures at 12:30 p.m. UTC and ISM Manufacturing Purchasing Managers' Index data at 2:00 p.m. UTC.
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The gold (XAU) price fell by 0.87% on Wednesday, pressured by concerns over the U.S. economic outlook.
👉Possible effects for traders
A weaker-than-expected Gross Domestic Product (GDP) report for Q1 showed that the U.S. economy had contracted by 0.3% instead of the expected 0.3% growth. The downturn was largely attributed to a more than 40% spike in imports, as businesses and consumers rushed to build inventories ahead. This happened due to anticipated tariff increases under Donald Trump's administration, highlighting the disruptive impact of ongoing trade tensions.
The ADP National Employment report also weighed on market sentiment. The data showed that private sector payrolls increased by just 62,000 in April, well below the estimates of 115,000. It marked the slowest pace of job creation since July 2024. The disappointing economic growth and soft labour market data have intensified fears of a potential recession. These concerns reinforce gold's role as a safe-haven asset, even as short-term price action remains volatile.
XAUUSD plunged by 1.63% during the Asian and early European trading sessions, hitting a low below $3,231. Today, the market will likely have to digest the announcement of the first tranche of deals that will reduce planned tariffs on some countries. In addition, U.S. macroeconomic reports may add extra volatility. Traders should focus on the Jobless Claims figures at 12:30 p.m. UTC and ISM Manufacturing Purchasing Managers' Index data at 2:00 p.m. UTC.
Sign Up Now
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