EUR/USD - Overview as of 03.10.2025

Financial and commodity markets analytics


Against the backdrop of the US government shutdown and political stalemate in Washington, there are no signs of a resolution to the situation. However, this did not prevent the stock market and gold prices from hitting new highs. Investors remain focused on whether the Federal Reserve will continue on its rate-cutting course. While the risk of a prolonged shutdown could confuse the trajectory of monetary policy, markets are ignoring the threat for now. Due to current events, traders do not need to wait for the U.S. jobs report due on Friday, but data on manufacturing activity across Europe could influence markets and highlight the impact of tariffs. Although this information has had limited impact so far. Earlier this week, data showed that US manufacturing activity rose slightly, although new orders and employment remained weak as factories continue to face the impact of sweeping tariffs imposed by President Donald Trump. Europe may be facing a similar fate. EUR/USD remains at previous levels, in the resistance area near 1.1750.