Graphical Analysis in Major Currency Pairs for 30.05.2025
Hello. Below are several recommendations for trading in the Forex market on 30.05.2025
USDJPY
On USDJPY, we returned to the previously broken FVG and formed a Pin bar pattern. Very interesting equal lows remain below around 141.88, and it is probably worth waiting for a move toward them. I am considering sales here, with first targets below 141.88; if we fly through them, then further targets are at 139.58.
XAUUSD
On Gold, we made an excellent pullback into FVG 3285.62 and, after giving an upward reaction, formed something similar to a Pin bar pattern. I think it is worth waiting here for continued growth with the upward trend. I will place targets for buys beyond the high 3438.95. With smaller stops and risks, Price Action buy signals can be looked for intraday on pullbacks.
Fundamental Overview
U.S. President Donald Trump
Asia-Pacific markets rose on Thursday after a U.S. federal court ruling that declared Donald Trump's "reciprocal" tariffs illegal. The Bank of Korea cut its key rate to 2.5% - the lowest level since August 2022.
European investors decided to take profits before the release of German inflation data. U.S. indices rose, continuing to price in Nvidia's positive report, whose revenue growth was not stopped even by supply restrictions to China. Investors ignored the Appeals Court decision restoring Donald Trump's tariffs, whose introduction had earlier been challenged in a U.S. Federal Court. This case will now be decided by the Supreme Court.
APAC
- South Korea's Kospi rose by 1.89%, while Kosdaq added 1.03%.
- Japan's Nikkei 225 climbed by 1.88%, Topix - by 1.53%.
- Hong Kong's Hang Seng added 1.35%, China's CSI 300 - 0.59%.
- Australia's S&P/ASX 200 rose by 0.15%.
The start of the session is packed with statistics:
- 02:30 - Tokyo Core Consumer Price Index
- 02:50 - Industrial Production Volume Japan
- 04:30 - Building Permits Australia
- 04:30 - Retail Sales Volume Australia
USA
- Dow Jones + 0.28%
- NASDAQ + 0.39%
- S&P500 + 0.4%
Main events of the evening session:
- 15:30 - U.S. Personal Consumption Expenditures Price Index
- 15:30 - U.S. Goods Trade Balance
- 15:30 - GDP Canada
- 16:45 - Chicago Business Activity Index USA
- 17:00 - University of Michigan Consumer Expectations and Sentiment Index USA
Eurozone
- DAX - 0.44%
- CAC40 - 0.11%
- FTSE100 - 0.56%
European news:
- 09:00 - Retail Sales Volume Germany
- 10:00 - Swiss Leading Economic Indicators Index
- 15:00 - Consumer Price Index Germany
Cryptocurrency News
On Thursday, Bitcoin fell by 1.06%. During the day, the BTC price fluctuated from $106 000 to $109 057, but the overall trend was downward, indicating profit taking after the recent achievement of a new all-time high around $110 000. Bitcoin's market capitalization was about $2.16 trillion, and 24-hour trading volume was $32.47 billion.
Ethereum showed more resilient dynamics compared with Bitcoin, but did not hold the important $2700 level, closing its path to $3300 or even $4000.
Important news and events:
- The BITCOIN Act was introduced in the U.S. Senate, proposing the acquisition of up to 1 million BTC for U.S. strategic reserves using confiscated assets. This bill promises to stimulate the cryptocurrency market.
- U.S. SEC: “Certain staking activities are not securities trading”
- The U.S. House of Representatives has published a revised version of the cryptocurrency market structure bill
- The legal proceedings between the SEC and Binance have been completed
- The Central Bank of the Russian Federation allowed financial organizations to offer services for transactions with derivatives, securities, and digital assets based on cryptocurrency prices
Respectfully, Artem aka TeaDrinker