empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
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
05.06.2025 12:38 AM
Trump Once Again Fails to Persuade Powell
Open trading account Open demo account

This image is no longer relevant

Donald Trump and Jerome Powell held a meeting at the White House last week. This news went largely unnoticed due to the scant details provided. Only general information about the meeting surfaced. It became known that the Federal Reserve Chair once again informed the U.S. President that the central bank's decisions would be based solely on incoming economic data. It was reported that Powell did not provide any forecasts regarding interest rates but stated that the consequences of the new U.S. tariff policies would play a decisive role in determining the parameters of monetary policy.

Additionally, the FOMC Chair emphasized that the entire Committee would adhere to U.S. laws governing the activities of the organization that acts as the central bank. He reminded Trump that the Fed's primary goals are to ensure full employment and price stability. We have heard all of this from Powell before, which is why the news drew little attention.

However, Powell remains steadfast. He is not intimidated by Trump, his potential future, or the current pressure on the Fed. Based on this, I can assume that rates will not be lowered at the upcoming meetings. If this information had any significant value for the market, demand for the U.S. dollar might have risen sharply. However, market participants have been ignoring the Fed's "hawkish" policy and the "dovish" stances of the European Central Bank and Bank of England for quite some time.

This image is no longer relevant

Thus, Powell once again did everything he could for the dollar (albeit unintentionally), but even that did not help. The market continues to focus solely on Trump's Global Trade War, and in the past week alone, several signals indicate its escalation. Therefore, if the U.S. currency barely holds its current positions now, it is unlikely to last long.

Both instruments continue to build upward waves, which are fully consistent with the current wave layout. Based on its internal structure and the unchanged nature of Trump's policies, the U.S. currency could continue to weaken for an extended period.

Wave Analysis for EUR/USD:

Based on the conducted analysis of EUR/USD, I conclude that the instrument continues to build an upward trend segment. In the near term, the wave structure will depend entirely on news related to Trump's decisions and U.S. foreign policy. Wave 3 of the upward trend has begun to form, with potential targets extending into the 1.25 area. Therefore, I am considering long positions targeting levels above 1.1572, corresponding to the 423.6% Fibonacci level. It's important to remember that a de-escalation of the trade war could reverse the uptrend, but currently, there are no signs of a reversal or de-escalation.

This image is no longer relevant

Wave Analysis for GBP/USD:

The wave structure for GBP/USD has evolved. Now, we are dealing with an upward impulsive trend segment. Unfortunately, under Trump, markets may face numerous shocks and reversals that defy wave patterns and technical analysis, but the current scenario and structure remain intact for now. The formation of wave 3 continues, with near-term targets at 1.3541 and 1.3714. Therefore, I continue to consider long positions as the market shows no signs of wanting to reverse the trend yet.

Main Principles of My Analysis:

  1. Wave structures should be simple and clear. Complex structures are difficult to trade and often carry uncertainties.
  2. If there is no confidence in the market situation, it is better not to enter it.
  3. Absolute certainty in the direction of movement is impossible. Always use protective Stop Loss orders.
  4. Wave analysis can 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
Technical analysis
Forex forecast 24/06/2025: EUR/USD, USD/JPY, USDX, GBP/USD, Oil and Bitcoin Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Sebastian Seliga
12:35 2025-06-24 +02:00
2395
Stock Markets
Update on US stock indices on June 24. SP500 and NASDAQ surge amid good news US stock indices closed higher yesterday. The S&P 500 rose by 0.94%, and the Nasdaq 100 also gained 0.94%. The industrial Dow Jones strengthened by 0.88%. Oil prices fell while
Jakub Novak
10:54 2025-06-24 +02:00
1030
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 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 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 02:00 2025-06-26 UTC--5
The Whole World is a Stage, and Countries Are Its Actors... (A Limited Decline in Gold and a Rise in Bitcoin Are Possible)
09:25 2025-06-24
Fundamental analysis
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 03:00 2025-06-25 UTC--5
Forecast for EUR/USD on June 24, 2025
10:48 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.