empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
26.05.2025 12:49 AM
U.S. Dollar: Weekly Preview
Open trading account Open demo account

This image is no longer relevant

The U.S. dollar remains at the center of attention and "at the head of the table." It is the first currency to respond to changes in Donald Trump's foreign and trade policies, prompting other currencies to adjust in response. This is why news from the U.S. tends to have a more significant impact on the markets compared to developments in Europe or the United Kingdom.

Unfortunately, economic news has recently lost much of its relevance. However, the upcoming week will begin not on Monday but Sunday, with a speech by FOMC Chair Jerome Powell. It's not difficult to guess what Powell will say — for months, he has been repeating the same message: Inflation in the U.S. is expected to accelerate due to Trump's tariff policy, and the Federal Reserve cannot afford to cut rates just yet. The Fed prefers to wait until mid-summer to fully assess the impact of tariffs, allowing economic indicators to reflect the true extent of the damage.

Moreover, Trump's tariff policy remains unsettled. On Friday, he announced plans to raise tariffs on EU goods to 50%. It's unclear whether the President was serious or if he might reverse his position as early as Monday — which is entirely possible. The fact remains: tariffs could rise again, and the Fed may need even more time to assess the fallout.

This image is no longer relevant

On Tuesday, we can expect the report on the durable goods orders. On Wednesday, the FOMC Minutes will be published. Thursday will bring the second preliminary estimate of the first quarter GDP. Finally, the core PCE (Personal Consumption Expenditure) price index will be released on Friday. As a result, we will have interesting information from the US almost every day.

I believe that much of this information will go unnoticed by the market, as it will likely be focused on anticipating Trump's upcoming statements about trade tariffs expected at the beginning of the week. Additionally, it will be interesting to see how the European Union responds to the new threats from the US president.

EUR/USD Wave Structure:

Based on my analysis of EUR/USD, the pair continues to develop a bullish wave structure. In the near term, the wave formation will depend entirely on the news background, especially Trump's decisions and U.S. foreign policy. And Trump, as we can see, is intent on continuing the fight. Wave 3 of the upward cycle has begun, with targets potentially extending toward the 1.25 area. Therefore, I continue to consider buying opportunities, with targets above 1.1572, corresponding to the 423.6% Fibonacci extension. It's important to keep in mind that a de-escalation of the trade war could reverse the uptrend, but at the moment, there are no signs of reversal or de-escalation.

This image is no longer relevant

GBP/USD Wave Structure:

The wave structure for GBP/USD has evolved. We are now dealing with a bullish impulse wave. Unfortunately, under Donald Trump, markets may still face many shocks and trend reversals that defy wave theory and technical analysis. However, everything is unfolding in line with the updated wave scenario. The pair is still developing wave 3 of the uptrend, with near-term targets at 1.3541 and 1.3714. Therefore, I continue to focus on long positions, as the market has no desire to reverse the trend again.

Core Principles of My Analysis:

  1. Wave structures should be simple and clear. Complex structures are hard to interpret and often change unpredictably.
  2. If there is no confidence in the market setup, it's better not to enter a position.
  3. Absolute certainty in price direction is impossible. Always use protective Stop Loss orders.
  4. Wave analysis can and should be combined with other types of analysis and trading strategies.
Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Analytical News
US Market News Digest for June 3 After gains in the previous session, US equity benchmarks, including the S&P 500 and Nasdaq, came under pressure as futures slipped amid lingering uncertainty over trade negotiations between Washington
Ekaterina Kiseleva
11:27 2025-06-03 +02:00
1030
Fundamental analysis
Traders Didn't Believe the Japanese Regulator The Japanese yen lost some ground against the US dollar after Bank of Japan Governor Kazuo Ueda hinted today that the central bank may continue to slow the pace
Jakub Novak
11:16 2025-06-03 +02:00
1090
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Traders Didn't Believe the Japanese Regulator

The Japanese yen lost some ground against the US dollar after Bank of Japan Governor Kazuo Ueda hinted today that the central bank may continue to slow the pace
Jakub Novak 11:16 2025-06-03 UTC+2

Deteriorating U.S. Economic Conditions Bring Fed Rate Cuts Closer (Potential for Continued Decline in #USDX and EUR/JPY Pair)

Although the market has largely stopped reacting to incoming economic data—especially from the U.S.—and is more focused on the geopolitical and economic moves of Donald Trump, who is steering
Pati Gani 09:52 2025-06-03 UTC+2

Everything Is Still Working Against the U.S. Dollar

Despite U.S. President Donald Trump's efforts to secure more trade agreements, the U.S. dollar continues to decline sharply against several other assets as negotiations with China and Europe falter
Jakub Novak 09:09 2025-06-03 UTC+2

What to Pay Attention to on June 3? A Breakdown of Fundamental Events for Beginners

There are only two macroeconomic reports scheduled for Tuesday. Although the first report looks significant on its own and the second one is directly related to the U.S. labor market
Paolo Greco 06:53 2025-06-03 UTC+2

GBP/USD Overview – June 3: Trump Deals Another Slap to the Dollar

The GBP/USD currency pair surged upward again on Monday. Just as the British pound had started a correction and even consolidated below the moving average line, Trump once again announced
Paolo Greco 04:38 2025-06-03 UTC+2

EUR/USD Overview – June 3: A New Round of Escalation in the Global Trade War

As we predicted, the EUR/USD currency pair collapsed on Monday. However, the collapse was not of the pair but rather of the U.S. dollar. Recall that over the weekend
Paolo Greco 04:35 2025-06-03 UTC+2

Trump: Tariffs Cannot Be Canceled

Donald Trump is prepared to fight for "his tariffs" until the end—or until victory. It's important to remember that court battles are nothing new for the current U.S. president. During
Chin Zhao 00:38 2025-06-03 UTC+2

EUR/USD. The Dollar Falls Out of Favor Again

The euro-dollar pair is once again attempting to breach the 1.14 figure. This is far from the first attempt by EUR/USD buyers over the past two months
Irina Manzenko 00:38 2025-06-03 UTC+2

The Euro Nears the Finish Line

Everything eventually comes to an end—both good and bad. One can debate endlessly whether the European Central Bank's deposit rate cut is positive or negative for the euro. However
Marek Petkovich 00:38 2025-06-03 UTC+2

USD/JPY. Analysis and Forecast

Currently, the Japanese yen continues to demonstrate strength against the U.S. dollar, pushing the USD/JPY pair below the key 143.00 level. Expectations that the Bank of Japan will raise interest
Irina Yanina 18:42 2025-06-02 UTC+2

Top analytics

Relevance up to 20:00 2025-06-03 UTC--4
Trading Recommendations and Analysis for EUR/USD on June 3: Trump and ISM Hammer the Dollar
03:57 2025-06-03
Trading plan
Relevance up to 23:00 2025-06-03 UTC--4
Forecast for GBP/USD on June 3, 2025
05:17 2025-06-03
Technical analysis
Relevance up to 02:00 2025-06-04 UTC--4
GBP/USD: Simple Trading Tips for Beginner Traders on June 3. Review of Yesterday's Forex Trades
08:50 2025-06-03
Forecast
Relevance up to 23:00 2025-06-03 UTC--4
Forecast for USD/JPY on June 3, 2025
05:17 2025-06-03
Technical analysis
Relevance up to 20:00 2025-06-03 UTC--4
EUR/USD Overview – June 3: A New Round of Escalation in the Global Trade War
04:35 2025-06-03
Fundamental analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.