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
Fundamental analysis
EUR/USD Overview – May 2: The Dollar Faces a New Collapse – And It's Far from the Last On Thursday, the EUR/USD currency pair once again traded relatively calmly, but the U.S. dollar failed to show any meaningful growth this time. A little bit of good news goes
Paolo Greco
03:47 2025-05-02 +02:00
1015
Trading plan
Trading Recommendations and Analysis for GBP/USD on May 2: The Dollar Faces a Tough Test The GBP/USD currency pair continued to correct downward following Monday's rally and against the broader uptrend. There was no reason to expect the kind of price action that ultimately unfolded
Paolo Greco
03:47 2025-05-02 +02:00
1060
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 – May 2: The U.S. Dollar Didn't Rise for Long

On Thursday, the GBP/USD currency pair continued to decline. The dollar had strengthened for three consecutive days—despite having no objective reason. U.S. macroeconomic data has been consistently weak; there were
Paolo Greco 03:50 2025-05-02 UTC+2

EUR/USD Overview – May 2: The Dollar Faces a New Collapse – And It's Far from the Last

On Thursday, the EUR/USD currency pair once again traded relatively calmly, but the U.S. dollar failed to show any meaningful growth this time. A little bit of good news goes
Paolo Greco 03:47 2025-05-02 UTC+2

USD/JPY: A Rough Patch for the Yen

At its latest meeting, the Bank of Japan kept all key policy settings unchanged, effectively implementing the most expected baseline scenario—despite earlier conflicting statements from central bank officials
Irina Manzenko 01:19 2025-05-02 UTC+2

The Dollar Demands the Impossible

The market has finally found relief after America's Liberation Day. Stock indices are ready to recover the ground lost following the White House's implementation of sweeping tariffs amid expectations
Marek Petkovich 01:02 2025-05-02 UTC+2

Market pins blame on former president

In April, the US stock market took investors on its wildest roller coaster ride since the pandemic. The White House's "American Liberation Day" tariffs seemed to undermine the S&P 500's
Marek Petkovich 12:01 2025-05-01 UTC+2

Why Gold Is Falling for the Third Consecutive Day

Gold is declining for the third straight day amid signs of potential progress in trade negotiations between the U.S. and several other countries, which is dampening demand for safe-haven assets—even
Jakub Novak 11:40 2025-05-01 UTC+2

The Japanese Yen Has Declined Sharply — Here's Why

The yen fell sharply against the dollar and bond yields declined after the Bank of Japan (BoJ) left interest rates unchanged and pushed back the expected timeline for hitting
Jakub Novak 11:31 2025-05-01 UTC+2

The Eurozone Continues to Deliver Unexpected Results

According to the latest data, the eurozone economy grew more than expected at the beginning of the year, although it has yet to fully feel the impact of the U.S
Jakub Novak 09:13 2025-05-01 UTC+2

Why Did the Dollar Rise on Weak U.S. GDP Data?

The U.S. dollar completely ignored the sharp GDP contraction in the first quarter of this year, indicating that traders and investors are already prepared for a worse scenario than just
Jakub Novak 09:06 2025-05-01 UTC+2

What to Watch on May 1? A Breakdown of Fundamental Events for Beginners

There are relatively few macroeconomic events scheduled for Thursday, but that no longer matters much. Yesterday, there were plenty of important publications from the Eurozone, Germany, and the U.S. Even
Paolo Greco 06:50 2025-05-01 UTC+2
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.