Forex, Gold, and Indices: Key Levels This Week
The week ahead is loaded with high-importance US data. Six of the ten high-importance prints land on Thursday. Here is what the calendar looks like and where the price sits on three of the most-watched markets.
The week ahead is loaded with high-importance US data. Six of the ten high-importance prints land on Thursday. Here is what the calendar looks like and where prices sit for three of the most-watched markets.
The Week Ahead
Tuesday opens with CB Consumer Confidence at 16:00 CET, forecast 92 against a previous reading of 92.8. At 16:30 CET, the Dallas Fed Manufacturing Index prints, forecast -1 against -2.3.
Wednesday brings the Richmond Fed Manufacturing Index at 16:00 CET, forecast 4 against 3.
Thursday is the heavy day. At 14:30 CET, the US releases Core PCE Price Index for April (forecast 3.3% year on year against 3.2% prior), the second estimate of Q1 GDP Growth (forecast 2% against 0.5% prior), Personal Spending, Personal Income, Durable Goods Orders, and weekly Initial Jobless Claims.
The week closes with Chicago PMI on Friday at 15:45 CET, forecast 49.5 against 49.2. PCE is the Fed’s preferred inflation gauge, and the core reading strips out food and energy.
Forex: Where EUR/USD Sits Now
EUR/USD short-term view. Source: Trading Central research, FXIFY trader platform, Analyst Views, accessed 22 May 2026.
EUR/USD is trading around 1.1615 heading into the weekend. The pivot on the short term view sits at 1.1590. Above it, traders are watching 1.1630 and 1.1645. Below the pivot, support comes in at 1.1570.
Price is sitting just above the pivot. The levels traders are watching for the week are 1.1590, 1.1630, 1.1645, and 1.1570. Thursday’s PCE and GDP prints feed directly into dollar pricing, so those are the events most likely to test the range.
Gold (XAUUSD): Where Price Sits Now
Gold (XAUUSD) medium-term view. Source: Trading Central research, FXIFY trader platform, Analyst Views, accessed 18 May 2026.
Gold is trading around 4537 on the weekly view, well below the recent highs. The pivot on the medium-term view sits at 5000. Above it, traders are watching 5300 and 5600. Below 5000, the levels in focus are 4100 and 3880.
Price is well below the 5000 pivot. The weekly close against 5000 is the level traders are watching. The dollar and real yields are the inputs the gold market follows most closely, so Thursday’s data block is the part of the week with the most scheduled volatility.
Indices: S&P 500 (SPX500)
S&P 500 short-term view. Source: Trading Central research, FXIFY trader platform, Analyst Views, accessed 15 May 2026.
The S&P 500 is trading around 7408.50 as of the May 15 session, with the daily bar up 3.54%. The pivot is at 7290.00. Above it, traders are watching 7515.00 and 7670.00. Below the pivot, support sits at 7140.00 and 7000.00.
Price is above the pivot. The four levels traders are watching are 7290.00, 7515.00, 7140.00, and 7000.00. Equities track the same Thursday data block as the dollar.
Calendar Snapshot
| Date | Time (CET) | Event | Forecast | Previous |
| Tue May 26 | 16:00 | CB Consumer Confidence MAY | 92 | 92.8 |
| Tue May 26 | 16:30 | Dallas Fed Manufacturing MAY | -1 | -2.3 |
| Wed May 27 | 16:00 | Richmond Fed Manufacturing MAY | 4 | 3 |
| Thu May 28 | 14:30 | Core PCE YoY APR | 3.3% | 3.2% |
| Thu May 28 | 14:30 | GDP Growth QoQ 2nd Est Q1 | 2% | 0.5% |
| Thu May 28 | 14:30 | Personal Spending MoM APR | 0.6% | 0.9% |
| Thu May 28 | 14:30 | Durable Goods MoM APR | 0.4% | 0.8% |
| Thu May 28 | 14:30 | Initial Jobless Claims | 215k | 209k |
| Fri May 29 | 15:45 | Chicago PMI MAY | 49.5 | 49.2 |
A Note on Risk
Levels are reference points, not signals. Price can hold a level, break it, or chop around it. How traders handle that depends on their own plan, their position sizing, and the rules of the account they are running. For funded traders, that also means staying inside the drawdown limits set by the program. The FXIFY guide to news events covers how scheduled releases fit into a funded routine. The trading styles for funded traders breakdown looks at how different traders structure their week. To compare account types, visit the FXIFY programs page.
Levels referenced in this article come from Trading Central research available inside the FXIFY trader platform under Analyst Views.
Disclaimer: This article is for informational purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell any instrument. Trading carries risk of loss. Past performance is not indicative of future results.
