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
22.04.2025 08:52 AM
Market: Still Waters Run Deep
Open trading account Open demo account

It's impossible to inject capital into an economy destabilized by politics. Capital continues to flow out of the United States, and Donald Trump's attacks on the Federal Reserve only accelerate this process. At the same time, China isn't raising a white flag over the trade war and halting U.S. LNG imports. Investors doubt that Washington's negotiations with other countries will have a quick effect and continue to sell off the S&P 500.

Dynamics of Gold, the U.S. Dollar, and the S&P 500

This image is no longer relevant

Plenty of time has passed since "America's Liberation Day," as the White House dubbed the day mutual tariffs were imposed, and conclusions can already be drawn. The biggest beneficiaries of the largest U.S. import tariffs since the early 20th century have been safe-haven assets led by gold. The losers? U.S. assets. The rise in Treasury yields and the falling dollar confirm they are no longer seen as safe harbors.

April may become the worst second month of spring for the Dow Jones Index since 1932. The S&P 500 has shown the weakest performance since the inauguration of any U.S. president, going back to 1928. And no matter how much Donald Trump brushes off the decline in stock indices, he continues to watch them closely. The president needs a scapegoat to explain what's happening, and he's found one in the Fed Chair. "Big loser" and "Mister Always Late" are the nicknames the Republican has used for Jerome Powell while demanding an immediate cut to the federal funds rate.

A similar story played out during Trump's first term, but the S&P 500 was rising back then, and investors dismissed his rants as eccentricity. This time, it's different. The broad stock index is sinking, and Trump's only apparent solution seems to be monetary easing. The opposite is happening: investors are fleeing, volatility is rising, and liquidity is drying up.

Performance of Stock Indices and U.S. Stock Market Volatility

This image is no longer relevant

In April, trading volumes fell to 13.5 billion shares—well below the average of 20 billion. The market is eerily quiet, which is surprising given that April is shaping up to be one of the most volatile months. Comparable fluctuations occurred in October 2008 and March 2020—both during recessions. Today, the economic downturn seems to be more in investors' minds than on paper.

This image is no longer relevant

After every storm comes calm, investors await news on trade negotiations while dissecting the drama of Trump's criticism of Powell.

Technically, on the daily chart of the S&P 500, the bears are trying to reestablish a downtrend. A key condition is maintaining prices below 5190. As long as that holds, it makes sense to retain short positions opened from the 5400 level and build them up as the broad stock index continues moving south.

Marek Petkovich,
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
Trading tips for crypto market on June 27 (North American session) Bitcoin made another attempt to return to the $108,000 level, but failed to hold it and corrected lower, falling below the $107,000 mark, a move that could lead
Miroslaw Bawulski
15:47 2025-06-27 +02:00
2425
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on June 27th (U.S. Session) Trade Review and Recommendations for the Japanese Yen The price test of 144.59 occurred when the MACD had already moved significantly above the zero line, which limited the pair's upward
Jakub Novak
13:20 2025-06-27 +02:00
2380
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 Yen Has Lost Its Bullish Momentum

The Consumer Price Index (CPI) in the Tokyo region declined in June from 3.4% to 3.1% year-over-year, marking the first signal so far that may indicate a slowdown in price
Kuvat Raharjo 12:21 2025-06-27 UTC+2

EUR/JPY. Analysis and Forecast

The EUR/JPY pair is regaining positive momentum during today's trading session, reversing its recent decline.The euro continues to benefit from the prevailing sentiment of selling the U.S. dollar
Irina Yanina 12:17 2025-06-27 UTC+2

Inflation in Canada Remains Too High – USD/CAD May Accelerate Its Decline

Inflation in Canada remains too high to expect a rate cut by the Bank of Canada at its upcoming meeting. In April, inflation sharply slowed to 1.7% y/y, and most
Kuvat Raharjo 11:16 2025-06-27 UTC+2

XAU/USD. Analysis and Forecast

Gold is drawing renewed selling interest today after breaking below the key $3300 level. Traders are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) Price Index, which
Irina Yanina 10:47 2025-06-27 UTC+2

PCE Index Data Unlikely to Significantly Impact Market Dynamics (Potential for Renewed Growth in EUR/USD and Bitcoin)

The easing of tensions in the markets, following a pause in the military conflict in the Middle East, supports the return of the previous paradigm—an increase in demand for stocks
Pati Gani 09:52 2025-06-27 UTC+2

The Market Is Off the Leash

Greed has returned to the markets. While professionals warn about the need for caution amid geopolitical uncertainty, trade wars, and the state of the U.S. economy, retail investors are once
Marek Petkovich 09:16 2025-06-27 UTC+2

What to Pay Attention to on June 27? A Breakdown of Fundamental Events for Beginners

There are relatively few macroeconomic reports scheduled for Friday. Some experts refer to the PCE indicator as "important" and "the Fed's favorite," but we do not share that view
Paolo Greco 07:02 2025-06-27 UTC+2

GBP/USD Overview – June 27: History Doesn't Repeat Itself

The GBP/USD currency pair continued its strong upward movement throughout Thursday. Since the beginning of the week, the U.S. dollar has lost "only" 330 pips. As we've previously stated
Paolo Greco 03:41 2025-06-27 UTC+2

EUR/USD Overview – June 27: Can Trump Balance the Trade Deficit?

The EUR/USD currency pair is in a "free rise" (similar to the term "free fall"). The dollar is once again plunging into the abyss, just as we repeatedly warned. It's
Paolo Greco 03:41 2025-06-27 UTC+2

Powell, Trump, and Everyone Else

What will change with the arrival of a new Federal Reserve Chair? This is a rather important question, and the answer to it may already have implications for the U.S
Chin Zhao 00:08 2025-06-27 UTC+2

Top analytics

Relevance up to 02:00 2025-06-29 UTC--5
PCE Index Data Unlikely to Significantly Impact Market Dynamics (Potential for Renewed Growth in EUR/USD and Bitcoin)
09:52 2025-06-27
Fundamental analysis
Relevance up to 04:00 UTC--5
The Yen Has Lost Its Bullish Momentum
12:21 2025-06-27
Fundamental analysis
Relevance up to 03:00 UTC--5
Inflation in Canada Remains Too High – USD/CAD May Accelerate Its Decline
11:16 2025-06-27
Fundamental analysis
Relevance up to 11:00 UTC--5
Trading Signals for GOLD (XAU/USD) for June 27-30, 2025: buy above $3,250 or sell below $3,320 (rebound - 6/8 Murray)
18:12 2025-06-27
Technical analysis
Relevance up to 11:00 UTC--5
Trading Signals for EUR/USD for June 27-30, 2025: sell below 1.1750 (21 SMA - 8/8 Murray)
18:10 2025-06-27
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.