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 12:50 AM
The Dollar Puts on a Brave Face Amid Adversity
Open trading account Open demo account

Don't look for a black cat in a dark room—especially if it isn't there. The verdict by the U.S. Court of International Trade declaring the White House's universal tariffs illegal has left financial markets stunned. Investors are now scrambling for answers: how will the U.S. dollar respond to a fundamental shift in market narratives? And will the Supreme Court uphold the administration's appeal?

White House officials are doing their best to maintain a brave front. National Economic Council Director Kevin Hassett stated that the court's decision was incorrect and expressed confidence that the appeal would be successful. Trade advisor Peter Navarro cited other legal provisions that supposedly justify the tariffs. The U.S. administration is pretending nothing extraordinary has happened, and everything will soon return to normal.

The popular "Sell America" strategy may also return if that happens. If not, the implications of repealing the tariffs need to be assessed. In April, tariff revenues hit a record $16.5 billion. The White House has assured that even more revenue will follow. Donald Trump and his team plan to use these funds to offset fiscal stimulus measures such as tax cuts.

Dynamics of Tariff Revenue to the U.S. Budget

This image is no longer relevant

According to the Congressional Budget Office, the "big and beautiful" tax-and-budget bill—as one Republican called it—is projected to cost $3.8 trillion over the next decade. If the tariffs are repealed, there will be no offsetting revenue. The government will have to plug the gap by issuing more Treasuries. As trust in U.S. assets declines, demand for Treasuries will also fall, creating serious challenges for Washington.

These are the core arguments of the EUR/USD bulls. Meanwhile, bears argue the opposite: the rollback of the White House's tariff policy will shift investor focus back to monetary policy divergence and growth differentials.

With the Federal Reserve expected to maintain high rates at least until September and the European Central Bank likely to begin cutting rates soon, EUR/USD should decline according to this logic. Yes, the European economy outpaced the U.S. in Q1, but this was mainly due to front-loaded imports into the U.S.—a temporary phenomenon. Its expected reversal in Q2 should benefit the U.S.

U.S. GDP and Consumer Spending Trends

This image is no longer relevant

This image is no longer relevant

However, the second estimate of U.S. GDP undermined this well-balanced bearish theory. The economy contracted by 0.2%, not 0.3% as initially reported. More critically, consumer spending grew by just 1.2%, down from the previously estimated 1.8%—the weakest result in nearly two years. If tariffs are already hitting U.S. consumers, the situation could rapidly deteriorate.

On the daily EUR/USD chart, bears' failure to break through the lower boundary of the fair value range (1.1200–1.1400) indicates their weakness. A bounce from the 1.1200–1.1225 support zone triggered the formation of long positions. It makes sense to hold these longs for now.

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
Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday June 20, 2025. The Ripple cryptocurrency on its 4-hour chart appears to be moving in a ranging - sideways condition where it is currently stuck at the Support Bullish Rejection Block area level
Arief Makmur
07:45 2025-06-20 +02:00
1045
Crypto-currencies
Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday June 20, 2025. From what is seen on the 4-hour chart, the Doge cryptocurrency appears to be moving under a Bearish bias, where this can be seen from its price movement which
Arief Makmur
07:45 2025-06-20 +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

GBP/USD Overview – June 20: The Bank of England Didn't Surprise

The GBP/USD currency pair traded relatively calmly on Thursday, given the fundamental backdrop available to the market. On Wednesday evening, the Federal Reserve announced the results of its latest meeting
Paolo Greco 07:16 2025-06-20 UTC+2

EUR/USD Overview – June 20: Summing Up the Fed Meeting

The EUR/USD currency pair traded relatively calmly on Wednesday and Thursday. Recall that the results of the latest 2025 Federal Reserve meeting were announced on Wednesday evening, but we didn't
Paolo Greco 07:16 2025-06-20 UTC+2

USD/JPY. Analysis and Forecast

The Japanese yen is showing weakness against the stronger U.S. dollar, with the USD/JPY pair reaching a new monthly high. This rise in the dollar against the yen is mainly
Irina Yanina 20:12 2025-06-19 UTC+2

Bank of England to Keep Rates Unchanged

Today, the Bank of England is expected to keep interest rates at 4.25% and signal that it is maintaining its approach of one cut every other meeting, as policymakers
Jakub Novak 11:02 2025-06-19 UTC+2

The Fed Maintains Its Previous Position

The U.S. dollar responded with growth, while risk assets such as the euro and pound declined. Following yesterday's meeting, Federal Reserve officials stated they expect two interest rate cuts
Jakub Novak 10:58 2025-06-19 UTC+2

The Iran-Israel War Has Yet to Exert Significant Negative Influence on Markets (Limited downside risk for gold and upward momentum for #USDX remains possible)

As expected, the U.S. central bank left all key monetary policy parameters unchanged, once again citing ongoing uncertainty about the future state of the national economy—a factor that has become
Pati Gani 09:14 2025-06-19 UTC+2

The Market Keeps Its Options Open

While the White House and the Federal Reserve are in wait-and-see mode, the market has also decided to hold steady. Donald Trump has yet to make a final decision
Marek Petkovich 09:08 2025-06-19 UTC+2

What to Pay Attention to on June 19? A Breakdown of Fundamental Events for Beginners

No macroeconomic reports are scheduled for Thursday. The only points of attention today will be Christine Lagarde's speeches and the results of the Bank of England meeting, which will
Paolo Greco 06:45 2025-06-19 UTC+2

GBP/USD Overview – June 19: UK Inflation and the Bank of England Meeting

The GBP/USD currency pair traded relatively calmly on Wednesday, though the day before, it had posted a substantial decline in the second half of the session—more than 100 pips
Paolo Greco 04:02 2025-06-19 UTC+2

EUR/USD Overview – June 19: Trump Continues to Work Wonders

The EUR/USD currency pair traded more calmly on Wednesday than the previous day. However, the previous day's significant movement also began only closer to the evening. It was not related
Paolo Greco 04:02 2025-06-19 UTC+2

Top analytics

EUR/USD Overview – June 18: Will the Fed Save the Dollar?
03:57 2025-06-18
Fundamental analysis
EUR/USD Forecast for June 18, 2025
05:49 2025-06-18
Technical analysis
Trading Recommendations and Analysis for GBP/USD on June 18: Pound Remains in a Flat Range
03:56 2025-06-18
Trading plan
Trading Recommendations and Analysis for EUR/USD on June 18: The Dollar Rises Paradoxically
03:56 2025-06-18
Trading plan
USD/JPY Forecast for June 18, 2025
04:58 2025-06-18
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.