Forex analysis - 2025-06-03 (14:02)

Forex data GBP/USD
Date : 2025-06-03
Opening : 1.35421
Higher up: 1.35591
Below: 1.34914
Closing : 1.35000

Economic news :
Gold Price Surges on Trump Tariff Threat, Fed Rate Cut Speculation
Dollar a little steadier after yesterday's fall
Futures Slide On Renewed Trade Turmoil As Gold, Oil Spike

Detailed analysis:
For a complete analysis of the GBP/USD forex market on 3 June 2025, let's look at the following elements:

### Technical Analysis

1. **Performance of the day:**
- Opening:** 1.35421
- Highest:** 1.35591
- Lowest:** 1.34914
- Closing:** 1.35000

The day saw a slight fall from the opening, closing at 1.35000. The day's range was relatively narrow, indicating a degree of indecision in the market.

2. **Current trend:**
- The GBP/USD pair showed a slight downtrend over the course of the day, closing below its opening level.
- Today's movement, albeit limited, suggests downward pressure, potentially due to global economic uncertainties.

### Impact of Economic News

1. **Gold Price Surges on Trump Tariff Threat, Fed Rate Cut Speculation :**.
- Threats of tariffs by the Trump administration and speculation that the Fed will cut interest rates have contributed to a rise in the price of gold, indicating a flight to safe havens in the face of economic uncertainty.
- This may have contributed to downward pressure on the US dollar as investors seek to protect themselves against risk.

2. **Dollar a little steadier after yesterday's fall :**
- Although the dollar has shown some stability, the impact of previous economic news could still influence the market. Relative stability could indicate a pause in the market's reaction to economic news, but does not guarantee a trend reversal.

3. **Futures Slide On Renewed Trade Turmoil As Gold, Oil Spike:**
- Renewed trade turbulence and rising gold and oil prices signal heightened risk aversion among investors.
- This could continue to weigh on the dollar, making the GBP relatively stronger in the short term, although this is not yet fully reflected in the day's movement.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If speculation about a Fed rate cut increases, this could weaken the dollar further and push GBP/USD higher in the coming sessions.
- Bearish scenario:** If trade tensions ease or other economic factors favour the dollar, GBP/USD could continue its downward trend.
- Neutral scenario:** In the absence of major economic news, the pair could move within a limited range, reflecting a consolidation before new directions.

### Conclusion

The GBP/USD pair, influenced by an uncertain economic environment and moves towards safe havens, is showing signs of downward pressure. However, speculation about a rate cut by the Fed and trade tensions persist. Traders should keep a close eye on economic developments and monetary policy announcements to anticipate future movements in the pair.