Market Fundamental Analysis by RoboForex

Vlad RF · Jun 3, 2025

Oil on the verge of a breakout: Brent may test 66.50 USD today

A drop in US crude oil inventories may trigger a rise in Brent prices towards 66.50 USD. Find out more in our analysis for 3 June 2025.

Brent forecast: key trading points

Brent crude oil is forming a correction
Weekly US crude oil stockpiles (API): previously at -4.236 million barrels
Brent forecast for 3 June 2025: 63.50 and 66.50

Fundamental analysis

Fundamental analysis of Brent for today, 3 June 2025, takes into account that oil prices are moderately rising, reaching 65.00 USD per barrel. Key support factors include the weakening US dollar and geopolitical risks, such as tensions around Iran and supply disruptions from Canada due to wildfires.

Although OPEC+ decided to maintain the July output increase at 411,000 barrels per day, below market expectations, Brent quotes hit the 65.00 USD resistance level and are now entering a correction.

According to the American Petroleum Institute (API), US crude oil inventories fell by 4.236 million barrels last week. A further drop in stocks in the current reporting period could propel Brent prices towards 66.50 USD.

Read this article on RoboForex website - Brent Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Vlad RF · Jun 4, 2025

GBPUSD under pressure: US labour market data crushes bulls’ hopes

The GBPUSD rate is falling amid US dollar strength following robust US labour market data. The price currently stands at 1.3504. Find out more in our analysis for 4 June 2025.

GBPUSD forecast: key trading points

US job openings rose to 7.391 million in April
Robust JOLTS data boosted support for the USD
The ADP private sector employment report is due today
GBPUSD forecast for 4 June 2025: 1.3450 and 1.3600

Fundamental analysis

The GBPUSD rate is declining for the second consecutive session. Sellers re-entered the market after testing the key resistance level at 1.3565. On the daily chart, a Double Top reversal pattern appears to be forming, increasing the likelihood of a move down towards the next target at 1.3445.

The US dollar gained support from the latest labour market data. On Tuesday, the JOLTS job openings report showed an unexpected rise to 7.391 million in April, well above the consensus forecast of 7.167 million. This indicates continued resilience of the US labour market and reinforces expectations for a more hawkish Federal Reserve stance, putting pressure on the GBPUSD rate.

Investor focus now shifts to the upcoming US data. The ADP private sector employment report is due today, followed by the key May employment data on Friday, which could heavily influence the pair’s next move.

Read this article on RoboForex website - GBPUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Vlad RF · Jun 5, 2025

The Fed under pressure, market on hold: gold (XAUUSD) poised for rally

Gold continues to form a pullback, and prices may fall to 3,338 USD as part of a corrective wave. Discover more in our analysis for 5 June 2025.

XAUUSD forecast: key trading points

US initial jobless claims: previously at 240 thousand, projected at 236 thousand
Current trend: moving upwards
XAUUSD forecast for 5 June 2025: 3,338 and 3,410

Fundamental analysis

The XAUUSD outlook for 5 June 2025 considers gold maintaining resilience, trading near 3,370 USD per troy ounce. Investors remain cautious ahead of the US Non-Farm Payrolls report (NFP), which could shape market direction.

Gold prices are supported by weak US economic data, including a decline in the services PMI to 49.9 and ADP employment growth of just 37 thousand. These figures reinforce expectations of a Federal Reserve rate cut.

US initial jobless claims represent the number of people who claimed unemployment benefits for the first time during the previous week. This indicator measures the labour market climate, with an increase in initial jobless claims indicating rising unemployment.

The previous reading stood at 240 thousand, with the XAUUSD price forecast suggesting a slight drop to 236 thousand. Although the change is marginal, if the actual figure matches or exceeds expectations, it could affect XAUUSD quotes.

Read this article on RoboForex website - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Vlad RF · Jun 6, 2025

USDJPY climbs: what should traders expect from the US jobs report?

The USDJPY pair continues to strengthen ahead of the key US jobs report release, currently trading at 143.93. Discover more in our analysis for 6 June 2025.

USDJPY forecast: key trading points

Investors adopt a wait-and-see approach ahead of the US Nonfarm Payrolls release
Speculation of BoJ policy tightening grows but remains insufficient to lift the yen
USDJPY forecast for 6 June 2025: 145.35

Fundamental analysis

The USDJPY rate is rising for the second consecutive session, staying within a sideways range between 142.50 and 144.20. The chart continues to indicate the potential formation of a Double Bottom reversal pattern, which could signal further strengthening of the US dollar.

The Japanese yen remains under pressure as investors wait for the crucial US employment report. Additional support for the US dollar came from news of a phone call between Donald Trump and Xi Jinping, in which both leaders agreed to continue trade negotiations.

Meanwhile, BoJ Governor Kazuo Ueda reiterated the central bank’s readiness to raise interest rates if economic and inflation targets are met. Although this has raised expectations of a cautious but steady policy tightening, it remains insufficient to boost the yen, according to today’s USDJPY forecast.

Read this article on RoboForex website - USDJPY Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Vlad RF · Monday at 5:39 AM

The dollar falls – EURUSD rises: what’s next?

The drop in Nonfarm Payrolls has hit the US dollar, with EURUSD continuing its upward move towards 1.1460. Discover more in our analysis for 9 June 2025.

EURUSD forecast: key trading points

Nonfarm Payrolls data weakened the US dollar
The ECB may pause its rate adjustments
EURUSD forecast for 9 June 2025: 1.1460

Fundamental analysis

Today’s EURUSD forecast favours the European currency. After the release of the Nonfarm Payrolls report, the dollar keeps losing ground against the euro. The actual figure came in at 149K, down from 142K in the previous period. While the drop might seem marginal at first glance, combined with other weak US macro data, it exerted pressure on the dollar and triggered an upward move in EURUSD.

Investors are growing cautious about the weakening US dollar and seeking safe havens for their assets. Meanwhile, after initiating a rate cut cycle, the ECB has signalled a possible pause in further rate moves, which has strengthened the euro and supported the current rally in EURUSD.

Read this article on RoboForex website - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Vlad RF · Tuesday at 5:29 AM

Deal of the century or a bubble? Brent pushes to new highs

Brent prices have reached their highs and may extend gains towards 68.50 USD. Discover more in our analysis for 10 June 2025.

Brent forecast: key trading points

Brent has surpassed its May peak
OPEC+ increases oil production
Brent forecast for 10 June 2025: 68.50

Fundamental analysis

Fundamental analysis of Brent for today, 10 June 2025, takes into account that prices have renewed their May highs, climbing to 66.90 USD per barrel ahead of the results of another round of negotiations between Washington and Beijing. Optimism surrounding the resolution of trade tensions fuels demand for commodities and reinforces price momentum.

Iran is preparing a counterproposal for the US regarding the nuclear deal. Against this backdrop and following the breakout above the recent high, Brent shows resilience despite ongoing uncertainty.

The Brent forecast also takes into account increased OPEC+ production, with Iraq lagging, and Saudi Arabia and the UAE continuing to ramp up output. However, caution remains warranted – an oversupply by the end of 2025 could weaken the market and trigger a correction in Brent prices.

Read this article on RoboForex website - Brent Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Vlad RF · Wednesday at 4:37 AM

US budget blowout and inflation surprise – gold (XAUUSD) poised to soar

The US federal budget deficit could trigger a rally in XAUUSD towards the 3,400 USD level. Find more details in our forecast for 11 June 2025.

XAUUSD forecast: key trading points

US Consumer Price Index (CPI): previously at 2.3%, projected at 2.5%
US federal budget statement: previously at 258.0 billion, projected at -314.3 billion
Current trend: moving upwards
XAUUSD forecast for 11 June 2025: 3,400

Fundamental analysis

Fundamental XAUUSD analysis for today, 11 June 2025, takes into account that gold prices hold steady above 3,300 USD per troy ounce, maintaining their upward trajectory amid lingering uncertainty in US-China trade relations.

The XAUUSD forecast for 11 June 2025 suggests the CPI could rise to 2.5% from the previous 2.3%, but this projection may not materialise given the index has shown consistent declines in past reports. A weaker-than-expected CPI could put additional pressure on the US dollar.

Additionally, the US federal budget statement is projected to show a drop to -314.3 billion USD. The negative value indicates the budget deficit, which may further weaken the US dollar.

Read this article on RoboForex website - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Search

Search

Market Fundamental Analysis by RoboForex

Vlad RF

Member

Vlad RF

Member

Vlad RF

Member

Vlad RF

Member

Vlad RF

Member

Vlad RF

Member

Vlad RF

Member

Members Online

Similar threads

Users Who Are Viewing This Thread (Total: 2, Members: 0, Guests: 2)