High-volatility focus: Tuesday-Thursday. The main drivers this week are U.S. Consumer Confidence, Australia CPI, the RBNZ Monetary Policy Statement and OCR decision, and Thursday's U.S. GDP / Personal Income and Outlays block.

Critical for pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF.

Monday, May 25
GBP / USD — Spring Bank Holiday in the United Kingdom.
USD — Memorial Day in the United States.
Liquidity may be thinner than usual during the London and New York sessions, so price action can become uneven and more technical.

Tuesday, May 26
USD — U.S. Consumer Confidence.
This is the first major dollar event of the week and may set the tone for EURUSD, GBPUSD and USDCHF if the reading materially surprises expectations.

Wednesday, May 27
AUD — Consumer Price Index, Australia.
NZD — RBNZ Monetary Policy Statement and Official Cash Rate decision.
This is the most important Asia-Pacific session of the week. AUDUSD and NZDUSD may see sharp directional moves, while broader U.S. dollar sentiment can also shift if the market reprices rate expectations.

Thursday, May 28
USD — GDP (Second Estimate) and Corporate Profits, 1st Quarter 2026.
USD — Personal Income and Outlays, April 2026.
This is the key U.S. macro block of the week. EURUSD, GBPUSD and USDCHF may see the strongest volatility here, especially if growth and inflation-related components point in the same direction.

Friday, May 29
CAD / broad USD sentiment — Canada Q1 GDP and March GDP by industry.
There are no equally strong top-tier releases for the main focus pairs on Friday, so the market may either extend Thursday's move or shift into profit-taking and consolidation mode before the weekly close.

Market note: Monday may be quieter because of holiday liquidity. The strongest directional impulses are more likely from Tuesday through Thursday.

USD, EUR, GBP, AUD, NZD, CHF