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 10:05 AM
The Fed Needs More Time to Assess the Situation
Open trading account Open demo account

While Donald Trump is attempting to reach an understanding with China, Federal Reserve Governor Adriana Kugler stated that the current tariff policy is likely to exert upward pressure on prices and may have a more significant economic impact than previously anticipated.

This image is no longer relevant

Kugler emphasized that she supports keeping borrowing costs unchanged and will continue to do so until inflation risks subside and economic activity and employment show stability. "The economy is facing heightened uncertainty, with risks of rising inflation and risks to employment," Kugler said in a speech prepared for an event at the University of Minnesota in Minneapolis. "This month, we learned that the tariffs will be much larger than previously expected," she noted. "As a result, the economic effects of the tariffs and the uncertainty they bring are also likely to be greater than previously assumed."

To recap, President Donald Trump announced sweeping tariffs on U.S. trading partners earlier this month, including levies exceeding 145% on Chinese goods. While considerable uncertainty remains surrounding the tariffs—especially after Trump said yesterday he might reduce trade surcharges on China—economists generally expect the measures to weigh on economic growth and stoke inflation in the U.S.

During a Q&A session following her prepared remarks, Kugler said she did not view the recent market turmoil as a sign that the public is losing confidence in the central bank. "The uncertainty is not coming from us," she said. The policymaker focused much of her speech on specific monetary policy challenges. She stressed the importance of allowing time for the Fed's policy to fully assess the state of the economy, adding that such lags are crucial as officials need to be proactive in understanding the effects of various shocks. "For monetary policy, it's essential to examine all available data, including market indicators, surveys, and anecdotal reports, to gain an early understanding of what's happening in the economy. As I've mentioned, it takes time for Trump's policies to impact the economy," Kugler said.

Current Technical Picture for EUR/USD

Buyers should now be focusing on reclaiming the 1.1360 level. Only after that will a test of 1.1430 become feasible. From there, the pair could reach toward 1.1500, although doing so without the support of major players will be difficult. The most distant target is the 1.1570 high. In the event of a decline, I expect significant buyer interest only near 1.1280. If there is no activity at that level, it would be prudent to wait for a retest of the 1.1210 low or consider opening long positions from 1.1150.

Current Technical Picture for GBP/USD

Pound buyers must break through the nearest resistance at 1.3300. Only then will they be able to target 1.3350, which remains a tough level to breach. The ultimate upside target is the 1.3416 level. If the pair declines, bears will attempt to regain control at 1.3240. Should they succeed, a break below that range would deal a significant blow to the bulls and push GBP/USD toward the 1.3205 low, with the potential for a further move down to 1.3165.

Jakub Novak,
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
Stock Markets
Market approaches its peak: final surge or new pullback? Investors are increasingly sensing cracks in the foundation beneath them. This week's approval of a large-scale fiscal package by the Trump administration with promises of tax cuts and boosted military
Anna Zotova
13:05 2025-05-23 +02:00
1015
Analytical News
US Market News Digest for May 23 The May 23 outlook for the S&P 500 suggests consolidation just below the resistance level near 5,908. Under favorable conditions, the index has the potential to rise towards the 6,318
Ekaterina Kiseleva
12:16 2025-05-23 +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

Market Chaos to Continue (There is a likelihood of continued local declines in #USDX and gold prices)

Markets continue to act blindly amid the chaotic actions of Donald Trump, who is trying to pull the U.S. out of a deep, all-encompassing crisis like Baron Munchausen pulling himself
Pati Gani 10:19 2025-05-23 UTC+2

The Market Tucks Its Tail

A necessary project at the wrong time. The House of Representatives has approved Donald Trump's tax cut initiative. The President hopes it will help stimulate the economy and offset shortcomings
Marek Petkovich 09:29 2025-05-23 UTC+2

GBP/USD Overview – May 23: No Talks, but Hang in There

On Thursday, the GBP/USD currency pair traded relatively calmly, but like EUR/USD, it has been rising for two weeks. At first glance, one might wonder what reasons traders have
Paolo Greco 08:15 2025-05-23 UTC+2

EUR/USD Overview – May 23: The Rebellion Against the Dollar Continues

The EUR/USD currency pair traded relatively calmly on Thursday, yet it has risen significantly over the past two weeks. This movement can be interpreted in several ways. From a technical
Paolo Greco 08:15 2025-05-23 UTC+2

What to Pay Attention to on May 23? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic reports are scheduled for Friday. Only two are noteworthy: the final estimate of Germany's Q1 GDP and April's UK retail sales data. The German GDP report
Paolo Greco 05:58 2025-05-23 UTC+2

The "Big, Beautiful Bill" vs. Import Tariffs

At present, Donald Trump is focused on promoting what he calls the "Big, Beautiful Law." In the trade war, Trump has done everything he could—he imposed tariffs, then lowered them
Chin Zhao 00:23 2025-05-23 UTC+2

The Fed Is Not Ready to Act Before the Second Half of the Year

In recent reviews, I have repeatedly addressed the topic of the Federal Reserve's monetary policy, market expectations, and the reality we all live in. I believe the market's expectations
Chin Zhao 00:23 2025-05-23 UTC+2

Canadian Inflation Resumed Growth. USD/CAD Overview

Core inflation in April unexpectedly rose higher than forecast, rising from 2.2% to 2.5% year-over-year. Headline inflation slowed from 2.3% to 1.7%, slightly above the forecast. The decline in headline
Kuvat Raharjo 00:23 2025-05-23 UTC+2

The Dollar Keeps Moving Forward

The approval by the House of Representatives of what Donald Trump called a "big and beautiful" tax-cut bill, along with a rise in the U.S. composite PMI from 50.6
Marek Petkovich 18:16 2025-05-22 UTC+2

EUR/USD. Weak Euro, Weak Dollar

The three-day bullish rally in EUR/USD has come to an end: today the pair retreated into the 1.12 zone. However, the dollar is in no position to guarantee a sustained
Irina Manzenko 18:09 2025-05-22 UTC+2

Top analytics

Relevance up to 22:00 2025-05-23 UTC--4
EUR/USD Forecast for May 23, 2025
05:16 2025-05-23
Technical analysis
Relevance up to 20:00 2025-05-23 UTC--4
EUR/USD Overview – May 23: The Rebellion Against the Dollar Continues
08:15 2025-05-23
Fundamental analysis
Relevance up to 20:00 2025-05-23 UTC--4
Trading Recommendations and Analysis for GBP/USD on May 23: Pound Prepares for a Historic Breakout
03:43 2025-05-23
Trading plan
Relevance up to 23:00 2025-05-23 UTC--4
How to Trade the GBP/USD Pair on May 23? Simple Tips and Trade Analysis for Beginners
05:58 2025-05-23
Trading plan
Relevance up to 23:00 2025-05-23 UTC--4
What to Pay Attention to on May 23? A Breakdown of Fundamental Events for Beginners
05:58 2025-05-23
Fundamental 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.