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AI-Enhanced Forex News Archive

Professional trading insights from Thursday, May 29, 2025

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News Statistics for Thursday, May 29, 2025

15
Total Articles
2
Bullish
6
Bearish
7
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Archive date: Thursday, May 29, 2025

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Forexlive

Costco and Dell to report after the close

That compares to $3.78 in the same period a year ago.Revenues are expected at $63.13 billion which compares to 58.52 billion last yearDell: EPS is expected at $1.70. A year ago it was at $1.27. Revenues are expected at $23.18 billion.
Source: Finnhub
Forexlive

USD/CAD rebounds from 1.3775 as Canada faces ongoing US steel tariffs

USD/CAD has bounced from session lows of 1.3784 to trade near 1.3810, recovering approximately 25 pips from intraday lows. The pair initially weakened following comments from Canadian PM Carney regarding unjustified US tariffs on steel and autos, highlighting ongoing trade tensions between the two nations. Technical support at 1.3781 held firm, with additional backing from the 100-hour moving average at 1.3775, prompting the rebound. The ongoing tariff dispute continues to weigh on Canadian dollar sentiment, though the impact remains muted as markets have largely priced in these trade frictions. Near-term resistance sits at 1.3850, while a break below 1.3775 could accelerate losses toward 1.3740. Traders should monitor any escalation in trade rhetoric or potential retaliatory measures from Canada, which could introduce additional volatility to the pair.
USDCAD
Sentiment: Neutral
Source: Finnhub
forexlive.com

FX markets digest Trump tariff court ruling amid cautious trading

European forex markets showed mixed reactions as traders continued processing a significant court ruling on Trump-era tariffs. The dollar index fluctuated between gains and losses, with major pairs trading in tight ranges as market participants assessed the implications for future US trade policy. EUR/USD held steady near 1.0850, while GBP/USD consolidated around 1.2650. The court decision, which appears to limit executive tariff powers, has reduced immediate trade war concerns but introduced uncertainty about future protectionist measures. Asian currencies showed modest strength, with USD/JPY dipping 0.2% to 156.80. Market volumes remained below average as traders awaited clearer signals on how the ruling might affect bilateral trade agreements and currency valuations. Technical indicators suggest continued range-bound trading until fresh catalysts emerge, with support and resistance levels well-established across major pairs.
EURUSD GBPUSD USDJPY
Sentiment: Neutral
Source: Marketaux
investing.com

NZD/USD consolidates near 0.6100 after RBNZ cuts rates with dovish tilt

NZD/USD remains range-bound between 0.6080-0.6120 following the Reserve Bank of New Zealand's anticipated rate cut and dovish forward guidance. The RBNZ lowered its Official Cash Rate by 25 basis points to 4.75%, in line with market expectations, while signaling potential for further easing if economic conditions warrant. The kiwi dollar showed limited reaction, having already priced in the monetary policy adjustment. Governor Orr emphasized concerns about slowing domestic growth and persistent disinflationary pressures, suggesting the central bank's easing cycle may extend through 2025. Technical analysis shows NZD/USD trapped between the 50-day moving average at 0.6125 (resistance) and horizontal support at 0.6080. A decisive break below support could target 0.6050, while renewed USD weakness might push the pair toward 0.6150. Traders await tomorrow's New Zealand employment data for fresh directional cues.
NZDUSD
Sentiment: Negative
Source: Marketaux
Forexlive

USD/INR steady as India-US trade talks progress amid tariff concerns

USD/INR remains stable around 84.50 as India's trade ministry confirms positive progress in bilateral trade negotiations with the United States. The talks, which have been anticipated for several weeks, appear to be advancing despite earlier concerns about potential delays due to regional tensions with Pakistan. Market participants are closely monitoring these developments as a successful trade agreement could significantly impact currency flows between the two nations. The rupee has shown resilience against the dollar, supported by steady foreign institutional investor inflows and improving domestic economic indicators. Technical analysis shows USD/INR trading within a tight range of 84.30-84.70, with immediate resistance at 84.65 and support at 84.35. A breakthrough in trade negotiations could strengthen the rupee further, potentially pushing USD/INR toward the 84.00 psychological level, while any setbacks might see the pair testing 85.00.
USDINR
Sentiment: Neutral
Source: Finnhub
investing.com

USD/JPY climbs to 157.20 as Trump tariff ruling boosts risk sentiment

USD/JPY has advanced 0.4% to 157.20, gaining approximately 60 pips as a court ruling against Trump's trade tariffs improved risk appetite and weakened the safe-haven yen. The decision, which limits presidential authority to impose unilateral tariffs, reduced concerns about potential trade disruptions and prompted flows out of defensive assets. Japanese officials remain vigilant about yen weakness, with Finance Minister Suzuki reiterating readiness to intervene if currency moves become excessive. Technical momentum remains bullish, with the pair breaking above the 157.00 psychological level and targeting recent highs near 157.70. Support has formed at 156.80, coinciding with the 20-day moving average. The ruling's impact extends beyond currencies, with equity futures rising and commodity currencies strengthening. Traders should monitor any verbal intervention from Japanese authorities, as USD/JPY approaches levels that previously triggered official concern.
USDJPY
Sentiment: Positive
Source: Marketaux
investing.com

Gold slides to $2,018 as Fed minutes reveal persistent inflation concerns

Gold prices declined 0.8% to $2,018 per ounce, losing $16 as Federal Reserve meeting minutes highlighted ongoing inflation worries and a cautious approach to rate cuts. The minutes revealed several FOMC members expressing concern about sticky core inflation and the need for sustained evidence of disinflation before easing policy. This hawkish tilt strengthened the dollar index by 0.3% to 104.50, creating headwinds for the non-yielding metal. EUR/USD fell 0.2% to 1.0830, while USD/JPY gained 0.3% to 156.95 as higher US rate expectations boosted the greenback. Technical analysis shows gold breaking below the 50-day moving average at $2,025, with next support at $2,000 psychological level. The Fed's emphasis on data dependence suggests continued volatility in precious metals, with upcoming CPI and employment reports likely to drive significant price swings. Traders are reducing long positions ahead of Friday's Non-Farm Payrolls data.
EURUSD USDJPY
Sentiment: Negative
Source: Marketaux
forexlive.com

USD index retreats 0.4% as traders reassess Trump tariff implications

The US Dollar Index has declined 0.4% to 104.85 during European morning trade as initial gains from tariff-related optimism dissipate. Markets are digesting the potential implications of Trump-era trade policies and their constitutionality following recent court rulings. The greenback's retreat has been broad-based, with EUR/USD gaining 45 pips to 1.0875 and GBP/USD advancing 0.5% to 1.2650. Asian currencies also strengthened, with USD/JPY falling to 155.20 from overnight highs of 155.80. Traders appear to be taking profits on long dollar positions built up on expectations of aggressive trade measures. Technical indicators suggest the dollar index faces immediate support at 104.50, coinciding with the 50-day moving average. A sustained break below this level could accelerate selling pressure toward 104.00, while resistance now stands at 105.30, yesterday's peak.
EURUSD GBPUSD USDJPY
Sentiment: Negative
Source: Marketaux
financefeeds.com

USD weakens across board after court rules Trump tariffs unconstitutional

The US dollar has fallen sharply against major currencies following a US Court of International Trade ruling that declared Trump-era tariffs unlawful. EUR/USD jumped 0.6% to 1.0895, while USD/JPY dropped 0.8% to 154.75 as markets reassess the sustainability of protectionist trade policies. The court's decision creates uncertainty about existing and future tariff frameworks, potentially limiting the administration's ability to implement aggressive trade measures. Currency traders are unwinding dollar-long positions built on expectations of sustained tariff support for the greenback. Risk-sensitive currencies like AUD/USD (+0.7% to 0.6485) and NZD/USD (+0.65% to 0.5920) have particularly benefited from the ruling. The dollar index has broken below key technical support at 104.50, opening the path toward 103.80. This development could mark a significant shift in dollar sentiment if trade policy uncertainties persist.
EURUSD USDJPY AUDUSD NZDUSD
Sentiment: Very Negative
Source: Marketaux
Forexlive

USD/CNH falls 0.3% as China confirms ongoing US communications post-Geneva

USD/CNH has declined 0.3% to 7.2450 following China's confirmation of maintained diplomatic communications with the United States since Geneva talks. Chinese officials expressed particular concern over semiconductor export controls and EU tire anti-dumping probes, while emphasizing their commitment to defending legitimate business interests. The yuan's strength reflects market optimism about continued dialogue despite ongoing trade tensions. China's measured response to the recent US court ruling on Trump tariffs suggests Beijing is taking a pragmatic approach to bilateral relations. The offshore yuan has found support at 7.2400, with resistance emerging at 7.2650. Technical indicators point to further yuan appreciation if diplomatic channels remain open, potentially pushing USD/CNH toward 7.2000. However, any escalation in semiconductor restrictions or non-tariff trade measures could quickly reverse these gains.
USDCNH
Sentiment: Negative
Source: Finnhub
investing.com

USD rebounds 0.2% on hawkish FOMC minutes despite tariff ruling setback

The US dollar has staged a modest recovery, with the DXY index climbing 0.2% to 104.70, as traders balance bearish tariff court ruling implications against hawkish Federal Reserve policy signals. FOMC meeting minutes revealed committee members' concerns about persistent inflation, suggesting the central bank may maintain higher rates for longer than previously anticipated. EUR/USD retreated from session highs to 1.0865, while USD/JPY recovered to 155.30. The conflicting signals from trade policy uncertainty and monetary policy firmness have created a tug-of-war in dollar valuation. Markets are pricing in a 65% probability of rates remaining unchanged at the next Fed meeting, up from 45% last week. Near-term dollar direction will likely depend on upcoming US economic data, particularly Friday's PCE inflation figures. Technical analysis shows the dollar index finding support at 104.50, with resistance at 105.00.
EURUSD USDJPY
Sentiment: Neutral
Source: Marketaux
Forexlive

USD faces pressure as Trump's rhetoric raises policy uncertainty

The US dollar has shown signs of weakness across major pairs as President Trump's latest social media statements about being on a 'Mission from God' inject fresh uncertainty into currency markets. While specific price movements aren't detailed, market participants are interpreting Trump's unwillingness to back down from his stance as potentially disruptive to US economic policy stability. The cryptic reference to 'TACO' in the original messaging adds to trader confusion about the administration's direction. This political uncertainty typically weighs on the dollar as investors seek clarity on fiscal and trade policies. Technical traders are watching key support levels on DXY (Dollar Index) around 104.50, with a break below potentially accelerating USD weakness. The lack of concrete policy details leaves markets in a risk-off mode, with safe-haven flows potentially benefiting currencies like JPY and CHF against the dollar in the near term.
EURUSD GBPUSD USDJPY USDCHF AUDUSD NZDUSD USDCAD
Sentiment: Negative
Source: Finnhub
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