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
Key documents
Social Responsibility
12.03.2025 12:45 PM
Markets Haven't Emerged from the Storm
Open trading account Open demo account

Donald Trump doesn't see a recession, but that isn't helping the S&P 500. The broad stock index has reacted sharply to tensions between Ontario, Canada, which threatened to impose a 25% tariff on electricity exports to the U.S.—potentially leaving millions of Americans without power—and the White House. Trump responded by raising tariffs on imported steel and aluminum from 25% to 50%, followed by a subsequent reconciliation. However, the ordeal severely rattled nerves and further increased market volatility.

Markets rise on expectations, or rather, on speculation. The S&P 500 rally to February highs was driven by two theories: that Trump's tariff threats were merely a negotiating tactic and that the U.S. president would eventually throw the stock market a lifeline. Neither theory has materialized as spring unfolds.

Tariffs are already high and could rise even further. Trump's speeches suggest he is willing to sacrifice the stock market to achieve his ultimate goal—making America great again. Fears that this strategy might fail are driving capital out of the U.S., leaving the S&P 500 lagging behind its major global competitors.

Stock Index Performance

This image is no longer relevant

According to Trump, markets will go up or down, but the priority is to restore the country by bringing factories and industries back to the U.S. Other countries have taken American businesses and jobs, and it's time to reclaim them. The president does not see a recession and expects an economic boom.

Markets aren't buying it. Goldman Sachs has lowered its year-end forecast for the S&P 500 from 6,500 to 6,200, citing a cooling U.S. economy, potentially higher tariff rates, and greater uncertainty. The latter typically leads to a higher risk premium on stocks.

If Trump doesn't support the S&P 500, could the Federal Reserve step in? Derivatives markets have increased their expectations for monetary easing by the end of the year, now pricing in a total rate cut of 80 basis points, up from 60 basis points just a week ago. However, BNP Paribas warns that investors may face disappointment here as well. The Fed, facing both an approaching recession and persistently high inflation, is likely to delay further rate cuts, preferring a wait-and-see approach.

This image is no longer relevant

The only silver lining is that historically, a 10% decline in the S&P 500 has only deepened into a 20% drop when one of three conditions was met: an economic downturn, an earnings recession, or aggressive Fed tightening. None of these factors are currently present, suggesting that the bottom for the U.S. stock market may be near.

Technically, the S&P 500 continues to follow an Expanding Wedge pattern on the daily chart. The strategy remains the same—focus on selling opportunities and use rebounds from resistance at 5,670 and 5,750 to establish short positions on the broad equity index.

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
Forecast
GBP/USD: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex Trades The price test at 1.2978 occurred when the MACD indicator moved significantly above the zero mark, limiting the pair's upward potential. For this reason, I did not buy the pound
Jakub Novak
09:07 2025-03-20 +02:00
1015
Forecast
EUR/USD: Simple Trading Tips for Beginner Traders on March 20. Review of Yesterday's Forex Trades The price test at 1.0911 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upward potential. For this reason
Jakub Novak
09:07 2025-03-20 +02:00
1015
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

What to Pay Attention to on March 20? A Breakdown of Fundamental Events for Beginners

There are several macroeconomic events scheduled for Thursday, primarily in the UK. Key reports will include the unemployment rate, changes in the number of unemployed individuals, and average wages
Paolo Greco 07:15 2025-03-20 UTC+2

GBP/USD Pair Overview – March 20: Bank of England Vote May Cool Bullish Sentiment

The GBP/USD currency pair traded very calmly on Wednesday, considering the evening movements. As a reminder, we are not analyzing the results of the Federal Reserve meeting
Paolo Greco 02:18 2025-03-20 UTC+2

EUR/USD Pair Overview – March 20: The Euro Holds a Strong Leadership Position

On Wednesday, the EUR/USD currency pair experienced a slight pullback but failed to consolidate below the moving average line. As per tradition, we will not analyze the outcome
Paolo Greco 02:18 2025-03-20 UTC+2

EUR/JPY: Mixed Outcomes of the Bank of Japan's March Meeting and Germany's "Debt Brake" Reform

The Bank of Japan has concluded its March policy meeting, delivering the most anticipated baseline scenario—keeping all monetary policy parameters unchanged. Market participants closely followed the statements of BOJ Governor
Irina Manzenko 23:43 2025-03-19 UTC+2

Euro Hits the Ceiling

Bets are now closed, ladies and gentlemen! Many have already played out. The EUR/USD's hesitation to rise following the Bundestag's approval of Friedrich Merz's fiscal stimulus package indicates that this
Marek Petkovich 23:43 2025-03-19 UTC+2

USD/CAD. Analysis and Forecast

The USD/CAD pair is showing signs of recovery for the second consecutive day after a recent decline, rebounding from a two-week low around 1.4260. Spot prices have climbed above
Irina Yanina 10:16 2025-03-19 UTC+2

Stock market pays dear cost for Washington's rhetoric

The boomerang effect: what goes around, comes around The US is retreating from globalization, and it is only a matter of time before it faces the consequences. According
Marek Petkovich 09:51 2025-03-19 UTC+2

XAU/USD. Analysis and Forecast

Gold has halted its upward movement as it attempts to consolidate at new all-time highs around $3,045, with bulls taking a pause ahead of the FOMC meeting results. The Federal
Irina Yanina 09:41 2025-03-19 UTC+2

How Might Markets React After the Fed Meeting? (Expecting a Sharp Decline in GBP/USD and a Drop in #SPX)

Today, the market will focus on the Federal Reserve's final decision on monetary policy. It is expected to bring nothing new, so the main topic will remain the same
Pati Gani 08:27 2025-03-19 UTC+2

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

There are few macroeconomic events scheduled for Wednesday, which suggests that volatility for both currency pairs may remain low until the evening. The dollar continues to show signs of weakness
Paolo Greco 06:44 2025-03-19 UTC+2

Top analytics

Relevance up to 22:00 2025-03-20 UTC--4
EUR/USD Forecast for March 20, 2025
04:37 2025-03-20
Technical analysis
Relevance up to 22:00 2025-03-20 UTC--4
USD/JPY Forecast for March 20, 2025
04:37 2025-03-20
Technical analysis
Relevance up to 21:00 2025-03-20 UTC--4
GBP/USD Pair Overview – March 20: Bank of England Vote May Cool Bullish Sentiment
03:18 2025-03-20
Fundamental analysis
Relevance up to 22:00 2025-03-20 UTC--4
GBP/USD Forecast for March 20, 2025
04:37 2025-03-20
Technical analysis
Relevance up to 21:00 2025-03-20 UTC--4
EUR/USD Pair Overview – March 20: The Euro Holds a Strong Leadership Position
03:18 2025-03-20
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.