As markets continue to navigate a complex landscape shaped by economic data and policy signals, this weekly outlook offers a concise update on key developments and technical trends that could influence trading decisions.

Monday, May 26

In observance of Memorial Day, U.S. financial markets will be closed.

Tuesday, May 27

Core Durable Goods Orders: A 0.1% decline is expected, signaling cautious business investment amid trade uncertainties.

Market Impact: A strong print may support the U.S. dollar, while a miss could increase expectations of a more dovish Fed.

Consumer Confidence Index: Forecasted to rise slightly to 87.1 from April’s 86.0. While an improvement, sentiment remains historically low.

Implication: A weak reading could raise concerns about spending and future growth, nudging the Fed toward easing.

Wednesday, May 28

FOMC Meeting Minutes: The Fed held rates at 4.25–4.50%, citing elevated inflation and uncertainty. Powell maintained a data-dependent stance and noted tariffs may have a delayed economic impact.

Note: The minutes will reflect data available to the Committee as of May 7.

Thursday, May 29

US Initial Jobless Claims: Expected at 229K (prev. 227K), suggesting continued labor market stability.

Dollar Impact: A beat may support the dollar, while a miss could revive dovish Fed bets.

Friday, May 30

US Core PCE Price Index: Projected to rise 2.6% y/y and 0.1% m/m. A key indicator for Fed policy trajectory.

Policy Implications: A strong print may keep the Fed on hold; a weak reading may increase easing expectations.

Technical Outlook

S&P 500

The index has lost ground over the last three sessions, retesting resistance at $5,970. A break below $5,700 signals seller control; a close above $5,970 would reinforce the bullish trend.

Germany 40 (DAX)

Bearish RSI divergence near €24,000 suggests weakening momentum. A bearish candle here may trigger further selling. A weekly close above €24,200 would negate this view.

XAU/USD (Gold)

Bullish momentum persists. Support at $3,250–$3,280 remains key. A break above $3,430 would mark a breakout; below $3,230 could trigger a deeper correction.

Disclaimer: This report is for informational purposes only and does not constitute financial advice. Market conditions can change rapidly, and readers should conduct their own research or consult with a financial professional before making investment decisions.