Market Overview
The current global landscape is defined by escalating trade wars, especially between the U.S. and China. The U.S. has recently revoked Chinese student visas in key tech fields and implemented renewed sanctions on Chinese firms—moves that fuel market volatility. President Trump’s May 30 announcement to double tariffs on imported steel and aluminum to 50% by June 4, 2025, further intensifies economic concerns.
India’s unexpected pushback on tariff policies, demanding the removal of existing U.S. tariffs, signals growing global frustration. This shift underlines the fragility of U.S. trade relations and points to a broader wave of uncertainty. With global partners adjusting their stances and geopolitical tensions increasing—especially with fresh drone attacks in Moscow and U.S. warnings over China’s military goals for Taiwan—markets are bracing for sharp movements.
Market Analysis
GOLD
Among the 8 Global Forex Setups, GOLD is a standout, showcasing a strong bullish breakout driven by global trade war tensions and geopolitical instability. MACD and RSI confirm heightened buying momentum and volume. A short consolidation may precede further upside, reinforcing GOLD’s position as a key setup this week.
SILVER
SILVER has broken out of its consolidation zone, supported by strong bullish momentum. Within the 8 Global Forex Setups, SILVER mirrors GOLD’s safe-haven behavior, making it a valuable asset to watch for continuation trades. Price action remains favorable, though pullbacks should be monitored.
DXY
The U.S. Dollar Index (DXY) remains under pressure, with ongoing sell-offs confirmed by MACD and RSI. As one of the 8 Global Forex Setups, DXY reflects bearish sentiment across markets due to growing economic policy doubt and weakening international confidence in U.S. trade actions.
GBPUSD
The British Pound shows consistent bullish strength, supported by both momentum and structure. Included in the 8 Global Forex Setups, GBP/USD presents an opportunity for buyers watching for retracement entries as trade volume and optimism increase across the board.
AUDUSD
The Australian Dollar continues its bullish trajectory, trading above 0.64801. As part of the 8 Global Forex Setups, AUD/USD is responding to both technical strength and evolving trade dynamics with China. MACD and RSI support further upside, though retracement remains a possibility.
NZDUSD
The Kiwi’s bullish strength is gaining traction, despite a complex trade backdrop between the U.S. and China. Within the 8 Global Forex Setups, NZD/USD stands out as a high-potential pair, especially if it breaks through the 0.60455 resistance. Momentum remains strong.
EURUSD
EUR/USD is gaining bullish momentum following supportive European data and clear breakout from consolidation. As a pillar of the 8 Global Forex Setups, this pair is well-positioned for continued upward movement amid ECB rate speculation and Germany’s economic optimism.
USDJPY
USD/JPY has turned bearish again, with selling pressure building after rejection from higher levels. This setup rounds out the 8 Global Forex Setups, with USD/JPY offering bearish opportunities driven by Yen strength and overall market sentiment against the Dollar.
USDCHF
USD/CHF is seeing bearish follow-through as global uncertainty favors the Franc. While not in the core 8 Global Forex Setups, it remains relevant as a risk-off asset to monitor for potential continuation moves.
USDCAD
USD/CAD remains under pressure with continued Canadian Dollar strength. Though not part of the top 8 Global Forex Setups, its bearish structure aligns with broader market themes and offers secondary opportunities for strategic traders.
COT Market Analysis
AUD – WEAK (5/5)
GBP – STRONG (5/5)
CAD – WEAK (5/5)
EUR – STRONG (3/5)
JPY – STRONG (3/5)
CHF – WEAK (4/5)
USD – MIXED
NZD – WEAK (4/5)
GOLD – STRONG (3/5)
SILVER – STRONG (5/5)
Final Thoughts
The 8 Global Forex Setups this week underscore the growing influence of trade tensions, macroeconomic shifts, and geopolitical risks on the currency markets. EUR/USD, GOLD, and DXY provide particularly clear setups, while others like AUD/USD and NZD/USD continue to gain momentum. With strategic forex trade planning and careful price action observation, traders can position themselves to take advantage of this volatility-driven environment. Visit: https://axelprivatemarket.com