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[FreshForexTeam]

Market Fundamental Analysis for May 28, 2026 EURUSD​

15:30 EET. USD - Gross Domestic Product

EURUSD:

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EUR/USD is declining on Thursday, trading near 1.1600–1.1620, as the US dollar gains support amid renewed tensions in the Middle East. Reports of new US strikes on an Iranian military facility weakened risk appetite and increased demand for the American currency. Rising oil prices are also putting pressure on the euro: for Europe, this means higher costs and the risk of slower business activity.

The European backdrop remains mixed. The ECB warns that an energy shock and geopolitical tensions could increase financial risks in the eurozone, while Germany is again facing weaker growth forecasts. High energy costs may keep inflation above comfortable levels for longer, but this does not give the euro a stable advantage, as the region’s economic momentum remains weak.

The key factor for EUR/USD today remains the US dollar. The market is awaiting the release of the US Personal Consumption Expenditures index, which is important for assessing the Federal Reserve’s next policy decisions. If the data confirms persistent inflation pressure, demand for the dollar may remain strong, while EUR/USD may continue moving lower. Under the current balance of factors, sellers retain the advantage.

Trading recommendation: SELL 1.1600, SL 1.1630, TP 1.1510

 

[FreshForexTeam]

Market Fundamental Analysis for May 29, 2026 GBPUSD​

Event to watch today:

11:20 EET. GBP - BOE Governor Andrew Bailey Speaks

GBPUSD:

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GBP/USD is holding near 1.3400 after falling to its lowest levels since mid-May. Pressure on the pound is linked not only to the stronger US dollar amid high US inflation, but also to domestic political uncertainty in the UK. Investors are cautiously assessing risks for the government and the possible impact of political tensions on the economic agenda.

The British currency is also receiving limited support from the Bank of England. The regulator maintains a cautious approach: inflation remains elevated, but the economy is showing signs of cooling, including weaker demand and slower hiring. This reduces the pound’s appeal, as the market does not see a clear UK advantage over the US in monetary policy.

For the pair, the key factor remains the US dollar. The high US Personal Consumption Expenditures index strengthens expectations that the Federal Reserve will keep rates at current levels for longer. If demand for the dollar remains stable and UK political risks stay in focus, GBP/USD may continue to decline toward the nearest target levels.

Trading recommendation: SELL 1.3400, SL 1.3430, TP 1.3310