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
30.05.2025 12:51 AM
Trump's Authority Has Been Seriously Undermined
Open trading account Open demo account

This image is no longer relevant

In this review, I will try to explore why the cancellation of Donald Trump's global tariffs is more likely to be negative for the U.S. dollar than positive. At first glance, it might seem that removing trade tariffs signals the end of the Global Trade War. If the market panicked and sold the dollar on every news of escalation, the U.S. currency would surely flourish. But in reality, market participants may be guided by an entirely different logic.

What pattern emerges if we briefly list the key events surrounding the trade war? Most of Trump's decisions were highly controversial and poorly justified. He started by threatening tariffs, then imposed them on 75 countries—including targeted tariffs on automobiles, aluminum, and steel. Each time, his rationale was to "make America prosper again." If foreign car manufacturers compete with U.S. automakers and generate enormous revenue from the American market, then Trump believes trade rules should be tightened so the U.S. could collect a tax for access to its market. Is that approach fair? In my opinion, no—and that's not just my view.

Then came two months of tariff whiplash. The White House raised, suspended, threatened tariffs, or introduced "grace periods." Each of Trump's decisions gave the impression that the U.S. President was playing a video game—where, if things go wrong, you can just restart or reload your save. However, in real life, Trump's every move has serious consequences for the economy. The most recent GDP report clearly illustrated that.

This image is no longer relevant

In addition to the above, investor and trader sentiment toward the U.S. economy and government plays a major role in the dollar's performance. If the market sees erratic decisions every other day—leaving traders unsure whether to laugh or cry—can there be confidence in such a government and economy? That's why almost any shockwave headline these days is interpreted as negative for the dollar, no matter the tone. Each news item reinforces the market's view that the occupant of the White House does not prioritize markets, businesses, or consumers.

EUR/USD Wave Structure:

Based on current analysis, EUR/USD continues to build a bullish trend segment. The wave structure in the near term will depend entirely on news related to Trump's decisions and U.S. foreign policy. Wave 3 of the uptrend is forming, with targets potentially reaching the 1.25 area. Therefore, I favor buy positions with targets above 1.1572, corresponding to 423.6% Fibonacci. Of course, the de-escalation of the trade war could reverse this uptrend, but for now, there are no signs of reversal or de-escalation.

This image is no longer relevant

GBP/USD Wave Structure:

The wave picture for GBP/USD has also changed. We are now dealing with a bullish, impulsive wave. Unfortunately, under Donald Trump, the markets may face many more shocks and reversals that will not align with wave patterns or any type of technical analysis. However, for now, the market is following the updated wave scenario. Wave 3 is in progress, with near-term targets at 1.3541 and 1.3714. So, I continue to favor longs, as the market shows no sign of another trend reversal.

Core Principles of My Analysis:

  1. Wave structures should be simple and clear. Complex patterns are hard to trade and often subject to change.
  2. If you're uncertain about the market, it's better to stay out.
  3. There is no such thing as 100% certainty in market direction. Always use protective Stop Loss orders.
  4. Wave analysis 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
Crypto-currencies
Bitcoin and Ethereum Regain Strength Bitcoin and Ethereum are showing strong performance. After holding the $100,000 level, large buyers returned to their usual activity and have already pushed BTC back to the $105,000 area. Ethereum
Jakub Novak
10:52 2025-06-24 +02:00
1075
Technical analysis
Forecast for EUR/USD on June 24, 2025 On Monday, the EUR/USD pair on the hourly chart performed two rebounds from the 76.4% Fibonacci retracement level at 1.1454, reversed in favor of the euro, and rose
Samir Klishi
10:48 2025-06-24 +02:00
1105
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

The Whole World is a Stage, and Countries Are Its Actors... (A Limited Decline in Gold and a Rise in Bitcoin Are Possible)

Iran responded to the U.S. with a strike on an American military base in Qatar, thereby demonstrating its resolve for retaliation and confrontation. Markets reacted in a rather peculiar
Pati Gani 09:25 2025-06-24 UTC+2

The Market Has Moved On From the War

Does Iran want war? Judging by the symbolic attack on American bases in Qatar, Tehran does not appear eager to enter into an armed conflict with Washington — which
Marek Petkovich 07:19 2025-06-24 UTC+2

What to Pay Attention to on June 24? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic reports are scheduled for Tuesday, and none are of significant importance. Essentially, the only one worth mentioning is the German Business Climate Index —
Paolo Greco 07:19 2025-06-24 UTC+2

GBP/USD Overview – June 24: No Confirmation of Destruction

The GBP/USD currency pair also traded relatively calmly on Monday. While there were some price "swings," many traders and analysts had expected a much more significant move. The dollar strengthened
Paolo Greco 03:45 2025-06-24 UTC+2

EUR/USD Overview – June 24: Iran Exits Talks and Launches a Retaliatory Strike

The EUR/USD currency pair traded extremely calmly on Monday, considering the intense fundamental backdrop that developed over the weekend. Recall that over the weekend, Donald Trump once again "changed
Paolo Greco 03:45 2025-06-24 UTC+2

Trump Keeps Hitting a Wall

There's a saying: "An irresistible force meets an immovable object." It describes an irreconcilable standoff where neither side is willing to compromise. In my view, Trump's "scythe," with which
Chin Zhao 00:12 2025-06-24 UTC+2

Should We Expect De-escalation in the Middle East?

The market has absorbed the news of U.S. strikes on Iran's nuclear facilities quite resiliently. Why did this happen, and why was the reaction relatively muted? These questions are unlikely
Chin Zhao 00:12 2025-06-24 UTC+2

What Will Powell Say?

Starting June 24, Fed Chair Jerome Powell will address Congress over two days, delivering the semiannual monetary policy report. On Tuesday, he will speak before the Senate Banking Committee
Irina Manzenko 00:12 2025-06-24 UTC+2

The Euro Gets a Knife in the Back

Trouble never comes alone. European industry is beginning to lose steam after rapid growth driven by a front-loaded surge in U.S. imports. The euro area is a net oil importer
Marek Petkovich 00:11 2025-06-24 UTC+2

XAU/USD. Analysis and Forecast

Today, gold is attracting new sellers. Amid a sharp escalation in the conflict between Iran and Israel, the United States conducted airstrikes on three Iranian nuclear facilities in Fordow, Natanz
Irina Yanina 17:59 2025-06-23 UTC+2

Top analytics

Relevance up to 19:00 2025-06-24 UTC--5
EUR/USD Overview – June 24: Iran Exits Talks and Launches a Retaliatory Strike
03:45 2025-06-24
Fundamental analysis
Relevance up to 01:00 2025-06-25 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders on June 24. Analysis of Yesterday's Forex Trades
09:07 2025-06-24
Forecast
Relevance up to 23:00 2025-06-24 UTC--5
How to Trade the GBP/USD Pair on June 24? Simple Tips and Trade Analysis for Beginners
06:57 2025-06-24
Trading plan
Relevance up to 19:00 2025-06-24 UTC--5
GBP/USD Overview – June 24: No Confirmation of Destruction
03:45 2025-06-24
Fundamental analysis
Relevance up to 21:00 2025-06-24 UTC--5
USD/JPY Forecast for June 24, 2025
04:44 2025-06-24
Technical 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.