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
21.05.2025 12:41 AM
The Fed Maintains a Wait-and-See Approach
Open trading account Open demo account

This image is no longer relevant

The market expects active measures from the U.S. central bank, while Donald Trump keeps demanding that Jerome Powell cut interest rates. It's worth noting that Powell cannot make such decisions unilaterally. The FOMC consists of 18 members, and a majority must vote in favor of a rate cut to implement it. Therefore, asking Powell directly for policy easing is futile.

Nevertheless, Trump remains steadfast, and so does the market. Interestingly, for the past year and a half, Federal Reserve officials have consistently signaled that they do not intend to meet market expectations. Their stance has always been cautious and less dovish than the market's. However, the market refuses to change its outlook and continues to price in these expectations, creating unnecessary challenges for the U.S. dollar — ones it arguably doesn't deserve.

On Tuesday, Fed Governor Philip Jefferson stated that the central bank must ensure low inflation in the U.S., which is difficult to achieve under Trump's economic agenda. Jefferson hinted at a potential rise in prices, making it inappropriate for the Fed to ease monetary policy at this time. The FOMC's main objective right now is not just lowering inflation, but preventing any price increases from becoming entrenched. It appears the Fed sees inflation acceleration as a near certainty.

This image is no longer relevant

Trump's stance here is even more curious. He likely understands inflation will rise, but as long as it hasn't yet, he can keep demanding rate cuts and blaming Powell (and Biden) for the economy's troubles. Once inflation picks up, Trump can easily claim it's because Powell and Biden didn't listen to him, or deny that inflation is rising. We've heard such baseless statements from Trump many times.

Either way, Powell will be the scapegoat, but Trump has no control over him or any FOMC member. Therefore, any rate cuts will likely be limited to 1–2 moves in the second half of the year, a scenario already priced into the markets.

Wave Outlook for EUR/USD:

Based on the analysis, EUR/USD continues to build a bullish wave segment. In the near term, the wave structure will entirely depend on the trajectory of the trade war. This must be kept in mind. Wave 3 of the bullish phase is now underway, with potential targets reaching the 1.25 area. Achieving these levels will depend solely on Trump's trade policies and the U.S. position in global commerce. I favor buying opportunities above 1.1572, corresponding to the 423.6% Fibonacci level. De-escalation of the trade war could reverse the uptrend, but there are no signs of reversal for now.

This image is no longer relevant

Wave Outlook for GBP/USD:

The GBP/USD structure has shifted and now represents a bullish impulsive wave. Unfortunately, under Trump, the market may face many shocks and reversals that defy technical or wave-based logic. The third wave of the bullish segment continues to form, with immediate targets at 1.3541 and 1.3714. Therefore, I favor buying, as the market shows no inclination to reverse the trend.

Key Principles of My Analysis:

  1. Wave structures should be simple and clear. Complex formations are hard to trade and often unpredictable.
  2. If you're unsure about market conditions, it's better to stay out.
  3. There's no such thing as 100% certainty in market direction — always use stop-loss protection.
  4. Wave analysis can and should be combined with other methods 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
Fundamental analysis
The Kiwi Doesn't Give Up Despite New Zealand's Weak Economy We previously noted that New Zealand's economy currently appears weak, and recent data has done nothing to challenge that assessment. The PMI indices deteriorated sharply in May, with the manufacturing
Kuvat Raharjo
12:10 2025-06-17 +02:00
1210
Technical analysis
Forecast for EUR/USD on June 17, 2025 On Monday, the EUR/USD pair continued its upward movement, consolidated above the 100.0% corrective level at 1.1574, but was unable to continue rising afterward. A close below the 1.1574 level
Samir Klishi
12:00 2025-06-17 +02:00
1285
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 Kiwi Doesn't Give Up Despite New Zealand's Weak Economy

We previously noted that New Zealand's economy currently appears weak, and recent data has done nothing to challenge that assessment. The PMI indices deteriorated sharply in May, with the manufacturing
Kuvat Raharjo 12:10 2025-06-17 UTC+2

Middle East Crisis as a Prelude to Global War... (Limited Downside Possible for Bitcoin and EUR/USD)

The missile standoff between the U.S. proxy Israel and Iran continues. Yesterday's unexpected departure of the U.S. president from the G7 summit in Canada sparked speculation that America might engage
Pati Gani 09:04 2025-06-17 UTC+2

What to Pay Attention to on June 17? A Breakdown of Fundamental Events for Beginners

Only a few macroeconomic reports are scheduled for Tuesday, and none are significant. In the Eurozone, we'll see entirely secondary economic sentiment indexes from the ZEW Institute
Paolo Greco 06:38 2025-06-17 UTC+2

GBP/USD Overview – June 17: Fed and BoE Meetings as a Reason to Sell the Dollar

On Monday, the GBP/USD currency pair also traded relatively calmly, with a bullish bias. The British pound doesn't reach new three-year highs every day, but looking at almost any higher
Paolo Greco 03:49 2025-06-17 UTC+2

EUR/USD Overview – June 17: Safe-Haven Status No Longer Works

The EUR/USD currency pair traded relatively calmly on Monday, although we expected higher volatility. This is because the last events that traders could react to were from Friday
Paolo Greco 03:49 2025-06-17 UTC+2

Trump Wants to "Pass the Ball" to Europe

Last week, it became known that Donald Trump is seriously considering raising trade tariffs for all countries currently engaged in negotiations with the U.S. Trump is frustrated by the slow
Chin Zhao 00:39 2025-06-17 UTC+2

The Dollar Walks on Thin Ice

When there's money, you buy the best. In past years, the US dollar and dollar-denominated assets—especially shares of the "Magnificent Seven"—were considered the best investments. American stock indices
Marek Petkovich 00:39 2025-06-17 UTC+2

USD/JPY. June Meeting of the Bank of Japan: A Preview

On Tuesday, June 17, the Bank of Japan will announce the results of its next policy meeting. According to preliminary forecasts, the central bank is expected to leave all monetary
Irina Manzenko 00:39 2025-06-17 UTC+2

The Pound Ignores Weak Data and Persistently Tries to Continue Rising

The macroeconomic data from the UK published last week looks frankly weak—everything is in the red zone, meaning worse than expected. Nevertheless, the pound continues to climb upward regardless
Kuvat Raharjo 19:36 2025-06-16 UTC+2

CFTC Report: The Dollar Is Being Sold Off Again. Awaiting New Revelations from Trump

Five weeks ago, the total short position on the U.S. dollar against major currencies stopped increasing, which gave reason to believe the dollar might begin an offensive in the currency
Kuvat Raharjo 12:14 2025-06-16 UTC+2

Top analytics

Relevance up to 01:00 2025-06-18 UTC--5
Intraday Strategies for Beginner Traders on June 17
08:23 2025-06-17
Forecast
Relevance up to 21:00 2025-06-17 UTC--5
EUR/USD Forecast for June 17, 2025
04:51 2025-06-17
Technical analysis
Relevance up to 20:00 2025-06-17 UTC--5
Trading Recommendations and Analysis for EUR/USD on June 17: Geopolitics Played Its Part
03:49 2025-06-17
Trading plan
Relevance up to 01:00 2025-06-18 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades
08:42 2025-06-17
Forecast
Relevance up to 01:00 2025-06-18 UTC--5
USD/JPY: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades
08:42 2025-06-17
Forecast
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.