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
24.04.2025 09:38 AM
The Markets Have Likely Already Passed the Bottom of Their Decline (there is a chance of continued decline in EUR/USD and GBP/USD)
Open trading account Open demo account

While markets remain focused on trade wars, particularly between the U.S. and China, incoming economic data indicate persistent structural problems in the advanced economies of Europe and the United States.

Markets enthusiastically reacted with a two-day rally following comments by U.S. Treasury Secretary Scott Bessent, who expressed hope for easing trade tensions between Washington and Beijing and assurances from Donald Trump that he had no plans to remove Jerome Powell from his post as Federal Reserve Chair. Now, all attention is shifting to key economic reports, which are pointing to a further plunge of the European economy into a state of depression and local challenges in the U.S.

Starting with Europe, the PMI reports for manufacturing and services in leading eurozone countries—France and Germany—as well as the composite reading for the eurozone all signal a continued slowdown. This confirms the entrenched negative trend for continental Europe, which can no longer be described merely as a "recession" but as a full-fledged depression. European elites are attempting to counter this through a strategy of military-industrial mobilization.

Even though the United Kingdom is outside the EU, it is also experiencing serious economic difficulties, as recent PMI data confirm.

What about the U.S.?

The situation there has improved somewhat. The Services PMI for April declined to 51.4 from 54.4 (the forecast was 52.8). While this is a slowdown, it's not yet catastrophic—the indicator remains above the 50-point mark that separates expansion from contraction. In manufacturing, the PMI rose slightly to 50.7 from 50.2, avoiding the expected drop to 49.0.

The U.S. housing market also remains relatively stable. New home sales in March increased to 724,000 compared to 674,000 previously, beating the forecast of 684,000.

Overall, the data from Europe and the U.S. show a relatively stronger position for the American economy. However, it's worth noting that the reports still don't fully reflect the impact of Trump's tariff wars, especially against China.

While investors try to focus on macroeconomic indicators, trade tensions remain the central narrative and will continue to dominate investor decision-making.

Looking at the broader picture of U.S.-China rivalry, it seems likely that the world's two largest economies will eventually have to compromise. Unless something extreme happens—like another unexpected move by Trump to pressure China with new sanctions—markets may already have passed their bottom and could begin to recover.

This image is no longer relevant

This image is no longer relevant

Forecast of the Day:

EUR/USD

The pair has recently surged on the back of dollar weakness, fueled by recession fears and speculation about Powell's potential removal. However, if the dollar stabilizes and the interest rate spread between the ECB and the Fed shifts against the euro, a renewed decline in EUR/USD is possible. A drop below 1.1310 would open the way toward 1.1200. A suitable sell level could be around 1.1295.

GBP/USD

The situation is similar to EUR/USD. The pound has mirrored the euro's movement. A decline below 1.3245 could push the pair toward 1.3140. A suitable sell level could be around 1.3230.

Pati Gani,
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
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders for April 29th (U.S. Session) The test of the 142.69 price coincided with the MACD indicator having already moved significantly above the zero mark, which limited the dollar's upward potential. For this reason
Jakub Novak
19:18 2025-04-29 +02:00
1075
Forecast
GBP/USD: Simple Trading Tips for Beginner Traders for April 29th (U.S. Session) The test of the 1.3383 price coincided with the MACD indicator moving well below the zero mark, which limited the pair's downside potential. For this reason, I did not sell
Jakub Novak
19:01 2025-04-29 +02:00
1090
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

Further Tariff Concessions from Trump

According to rumors and statements from officials, U.S. President Donald Trump intends to soften automobile tariffs by supporting some changes sought by the industry. This will allow for the cancellation
Jakub Novak 18:48 2025-04-29 UTC+2

Trade Negotiations Between China and the U.S. Are Ongoing. Markets Await Results (There Is a Risk of Local Declines in EUR/USD and GBP/USD Pairs)

Markets have once again paused amid uncertainty over whether a trade agreement between the U.S. and China will be reached anytime soon. The cloud of uncertainty that Donald Trump
Pati Gani 10:04 2025-04-29 UTC+2

The Market Has Licked Its Wounds

The market always keeps us engaged. Despite all the gloomy talk of recession, trade wars, supply shortages, inflation, and layoffs, the S&P 500 has declined by just a little over
Marek Petkovich 09:10 2025-04-29 UTC+2

What to Pay Attention to on April 29? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic events are scheduled for Tuesday, and none are significant. If we set aside all the tertiary reports, such as the GfK Consumer Confidence Index in Germany
Paolo Greco 07:00 2025-04-29 UTC+2

GBP/USD Overview – April 29: Are Labor Market and Unemployment Data Important?

On Monday, the GBP/USD currency pair also traded with low volatility and mainly moved sideways, although the British pound maintained a slight upward bias. Despite the lack of market-relevant news
Paolo Greco 04:33 2025-04-29 UTC+2

EUR/USD Overview – April 29: The Weak Yield, the Strong Resist

On Monday, the EUR/USD currency pair remained immobilized. There were no updates over the weekend from Donald Trump regarding trade developments, and no important data or events were scheduled
Paolo Greco 04:33 2025-04-29 UTC+2

The Euro Looks for a Basis for Another Upward Surge

Business activity indices in the eurozone are declining amid heightened uncertainty. The composite index in April fell from 50.9 to 50.1, nearing contraction territory. At the same time, Germany's
Kuvat Raharjo 00:54 2025-04-29 UTC+2

The Dollar Continues to Sell Off, Outlook Remains Weak

As shown by the latest CFTC report, U.S. dollar futures indicate a further deterioration in its outlook. During the reporting week, the net short position on the USD increased
Kuvat Raharjo 00:54 2025-04-29 UTC+2

Bitcoin Can't Lose

There's never a dull moment with Bitcoin. Sometimes it behaves like a risky asset, sometimes like a safe haven. At the beginning of April, the cryptocurrency was jokingly referred
Marek Petkovich 19:03 2025-04-28 UTC+2

The Market Has Outplayed the Professionals

"Follow the smart money" — this classic principle of technical analysis suggests it's safer to side with professionals rather than the crowd. However, in 2025, such an approach would have
Marek Petkovich 19:00 2025-04-28 UTC+2

Top analytics

Relevance up to 01:00 2025-04-30 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on April 29. Review of Yesterday's Forex Trades
08:22 2025-04-29
Forecast
Relevance up to 22:00 2025-04-29 UTC--4
EUR/USD Overview – April 29: The Weak Yield, the Strong Resist
04:33 2025-04-29
Fundamental analysis
Relevance up to 01:00 2025-04-30 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on April 29. Review of Yesterday's Forex Trades
08:22 2025-04-29
Forecast
Relevance up to 03:00 UTC--4
Trade Negotiations Between China and the U.S. Are Ongoing. Markets Await Results (There Is a Risk of Local Declines in EUR/USD and GBP/USD Pairs)
10:04 2025-04-29
Fundamental analysis
Relevance up to 00:00 2025-04-30 UTC--4
How to Trade the EUR/USD Pair on April 29? Simple Tips and Trade Analysis for Beginners
06:43 2025-04-29
Trading plan
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.