Market Fundamental Analysis by RoboForex

[Vlad RF]

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]

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]

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]

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