The global macroeconomic backdrop remains dominated by:

Stubborn inflationary pressures in developed economies.
Mixed signals from labor markets and manufacturing indices.
A cautious Federal Reserve, as indicated by recent FOMC communications.
Diverging monetary policy trajectories, especially between the Fed and smaller central banks like the RBNZ

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🇪🇺/🇺🇸 EUR/USD Outlook – Euro vs U.S. Dollar

🔍 Key Factors:

• Weak Eurozone Data: German labor market softening and subdued French GDP.
• Slightly improving sentiment (Economic Sentiment Indicator rose to 94.8), but still below the neutral 100.
• U.S. Dollar Strength: Underpinned by cautious Fed rhetoric and steady U.S. macro data.
• Upcoming Risks: Continued weak Eurozone data could accelerate euro declines if U.S. reports remain resilient.

🔧 Technical Outlook:

• Trend: Short-term bearish correction; intraday uptrend losing steam.
• Support: 1.1269, 1.1220, 1.1170, 1.1135
• Resistance: 1.1311, 1.1374, 1.1413, 1.1456
• Near-Term Strategy: Potential further drop toward 1.1269 if 1.1311 doesn’t hold; buyers may return only after weak U.S. data or a bounce from lower supports.

📈 Forecast:

Expect range-bound trading between 1.1260–1.1400 in the short term, with a downside bias if Eurozone data continue disappointing.

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🇬🇧/🇺🇸 GBP/USD Outlook – British Pound vs U.S. Dollar

🔍 Key Factors:

• UK Data Weakness: Major decline in retail sales sentiment and business confidence.
• Fed Minutes: Could highlight internal disagreements on rate outlook, influencing USD sentiment.
• Geopolitical Risks: Fed’s acknowledgement of external risks may support short-term USD correction.

🔧 Technical Outlook:

• Trend: Intraday bullish, but weakening as prices retreat from highs.
• Support: 1.3474, 1.3434, 1.3382, 1.3333
• Resistance: 1.3522, 1.3585, 1.3713
• Near-Term Strategy: Buy interest fading unless 1.3435 holds; selling can be considered from 1.3522 if bullish momentum stalls.

📈 Forecast:

Neutral to mildly bearish, with possible correction toward 1.3435–1.3380 if sentiment does not recover.

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🇺🇸/🇯🇵 USD/JPY Outlook – U.S. Dollar vs Japanese Yen

🔍 Key Factors:

• Japan’s Yield Management: Reports of fewer ultra-long bond issuances caused JPY to weaken.
• Fed Outlook: USD remains supported unless strong dovish surprises emerge.
• Risk Sentiment: Continued resilience in U.S. economy supports USD; JPY may only strengthen in risk-off scenarios.

🔧 Technical Outlook:

• Trend: Medium-term bearish nearing reversal; short-term trend shifting bullish.
• Support: 143.87, 143.03, 142.19
• Resistance: 144.77, 145.46, 146.36
• Near-Term Strategy: Buy opportunities above 144.05; a confirmed break above 144.77 opens room to 146.36.

📈 Forecast:

Bullish bias if price holds above 144.00; could retest 145.46 and higher in coming sessions.

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🇳🇿 /🇺🇸 NZD/USD Outlook – New Zealand Dollar vs U.S. Dollar

🔍 Key Factors:

• RBNZ Policy Shift: Expected 25 bps rate cut to 3.25%; dovish tone expected for remainder of 2025.
• Global Trade Concerns: Uncertainty surrounding China’s demand and global trade flows weighs on NZD.
• U.S. Outlook: Fed’s stance and inflation readings key to near-term USD direction.

🔧 Technical Outlook:

• Trend: Bearish due to policy divergence and fundamental weakness.
• Support and Resistance: Likely targeting levels near 0.6030 and lower unless support holds.
• Upcoming Events: US PCE and FOMC minutes will influence further direction.

📈 Forecast:

Bearish outlook with potential for deeper downside moves unless Fed surprises dovishly or global growth rebounds.

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🌕 Gold (XAU/USD) Outlook – Gold vs U.S. Dollar

🔍 Key Factors:

• Fed Policy Caution: Supporting gold prices as real yields flatten.
• Recession Risks: Sticky inflation, weak global demand support safe-haven buying.
• USD Fluctuations: Gold inversely correlated; weaker USD supports prices.

🔧 Technical Outlook:

• Support Levels: $2,310, $2,280, $2,250
• Resistance Levels: $2,365, $2,385, $2,400
• Strategy: Buy near $2,310–2,320 if inflation data disappoints or geopolitical tensions rise.

📈 Forecast:

Moderately bullish bias as long as Fed remains on pause and inflation pressures linger. Range: $2,310–2,400

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📊 Summary Table: As of May 29, 2025

Asset	Bias	Key Drivers	Support Levels	Resistance Levels
🇪🇺 EUR/USD	Bearish Tilt	Weak Eurozone data, resilient USD	1.1269, 1.1220	1.1374, 1.1413
🇬🇧 GBP/USD	Neutral → Bearish	UK retail/business weakness, Fed watch	1.3434, 1.3382	1.3522, 1.3585
🇯🇵 USD/JPY	Bullish Bias	JPY weakness, Fed steady, BOJ dovish stance	143.87, 143.03	144.77, 145.46
🇳🇿 NZD/USD	Bearish	RBNZ rate cuts, weak trade/global growth	~0.6030 (est.)	~0.6150 (est.)
🪙 XAU/USD	Bullish Bias	Safe-haven demand, Fed caution, sticky inflation	2,310, 2,280	2,385, 2,400