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
16.05.2025 12:40 AM
Are Things Really So Optimistic with the Deals with China and the UK?
Open trading account Open demo account

This image is no longer relevant

Last week, Donald Trump announced the signing of the first deal with the United Kingdom under his "America's Liberation" campaign. It was later revealed that the deal had not been signed yet, and negotiations may take several more weeks. However, it seems likely that this will be Trump's first official "victory." It's worth noting that the deal with the UK initially appeared easy to achieve. Britain and the U.S. have always maintained good relations, although that didn't stop Trump from imposing tariffs on steel and aluminum imports from the UK. Under the future agreement, tariffs on steel and aluminum may be lifted, and car import duties could be reduced to 10%.

Still, there's little reason for celebration. The deal with the UK is estimated to be worth just $6 billion for the U.S. budget, hardly a major sum. One deal has been signed, but 74 others remain. So far, the U.S. president's efficiency rate isn't very high. London has never been a major exporter of steel and aluminum, making that part of the deal largely symbolic. It's also important to note that the UK is one of the few countries in the world that buys more from the U.S. than it sells. Therefore, Washington's complaints about London were limited from the outset.

In the case of China, tariffs have been reduced, allowing trade between the two countries to resume, although in reality, trade never truly ceased. Anticipated for some time, these tariffs had prompted Chinese exporters to develop workarounds. They achieved this by routing exports to the U.S. through third countries and by increasing shipments to Southeast Asia, Europe, Africa, and Latin America. As a result, even during the month of elevated tariffs, Chinese exports did not decline; in fact, they experienced year-over-year growth.

This image is no longer relevant

Many economists note that even 30% tariffs won't be "fatal" for Chinese companies. First, re-routing through third countries remains an option. Second, demand for Chinese goods remains strong globally. This is especially true in recent years, as China has improved not just in price competitiveness but also in quality.

Wave Structure of EUR/USD

Based on the analysis of EUR/USD, I conclude that the instrument is continuing to form an upward wave segment of the trend. In the near future, the wave structure will entirely depend on the position and actions of the U.S. president. This must always be kept in mind. Wave 3 of the upward segment has begun, with targets possibly reaching as high as the 1.2500 area. Achieving these levels will depend solely on Trump's policies. At the moment, wave 2 of wave 3 appears close to completion. Therefore, I consider long positions with targets above the 1.1572 mark, corresponding to the 423.6% Fibonacci level. However, Trump could easily reverse this bullish trend downward.

This image is no longer relevant

Wave Structure of GBP/USD

The wave structure for GBP/USD has changed. We are now dealing with an upward, impulsive segment of the trend. Unfortunately, under Donald Trump, markets may experience many more shocks and reversals that don't align with wave counts or any form of technical analysis. Wave 3 of the current uptrend is ongoing, with near-term targets at 1.3541 and 1.3714. As a result, I continue to consider buying opportunities, as the market shows no interest in reversing the trend just yet.

Core Principles of My Analysis

  1. Wave structures should be simple and clear. Complex structures are hard to interpret and often involve unexpected changes.
  2. If you're unsure about the market's current direction, it's better to stay out.
  3. There is never 100% certainty in market direction. Always use protective Stop Loss orders.
  4. Wave analysis can and should be combined with other types of analysis and trading strategies.
Chin Zhao,
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
Playing on edge: can markets ignore geopolitics for another day? The US stock market continues to disregard geopolitical realities. Indices have approached key levels and are ready for a breakout. The only question is, in which direction? If upcoming events
Anna Zotova
13:27 2025-06-17 +02:00
1420
Analytical News
US Market News Digest for June 17 Tensions in the US stock market are rising as the conflict between Israel and Iran intensifies. Analysts warn that a potential full-scale war could trigger a 20% drop
Ekaterina Kiseleva
13:25 2025-06-17 +02:00
1450
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

The Kiwi Doesn't Give Up Despite New Zealand's Weak Economy

We previously noted that New Zealand's economy currently appears weak, and recent data has done nothing to challenge that assessment. The PMI indices deteriorated sharply in May, with the manufacturing
Kuvat Raharjo 12:10 2025-06-17 UTC+2

Market may be falling into same trap again

History is repeating itself. Ahead of America's Independence Day, many market participants were saying that Donald Trump's bark was worse than his bite — suggesting the US president issued many
Marek Petkovich 11:07 2025-06-17 UTC+2

Middle East Crisis as a Prelude to Global War... (Limited Downside Possible for Bitcoin and EUR/USD)

The missile standoff between the U.S. proxy Israel and Iran continues. Yesterday's unexpected departure of the U.S. president from the G7 summit in Canada sparked speculation that America might engage
Pati Gani 09:04 2025-06-17 UTC+2

What to Pay Attention to on June 17? A Breakdown of Fundamental Events for Beginners

Only a few macroeconomic reports are scheduled for Tuesday, and none are significant. In the Eurozone, we'll see entirely secondary economic sentiment indexes from the ZEW Institute
Paolo Greco 06:38 2025-06-17 UTC+2

GBP/USD Overview – June 17: Fed and BoE Meetings as a Reason to Sell the Dollar

On Monday, the GBP/USD currency pair also traded relatively calmly, with a bullish bias. The British pound doesn't reach new three-year highs every day, but looking at almost any higher
Paolo Greco 03:49 2025-06-17 UTC+2

EUR/USD Overview – June 17: Safe-Haven Status No Longer Works

The EUR/USD currency pair traded relatively calmly on Monday, although we expected higher volatility. This is because the last events that traders could react to were from Friday
Paolo Greco 03:49 2025-06-17 UTC+2

Trump Wants to "Pass the Ball" to Europe

Last week, it became known that Donald Trump is seriously considering raising trade tariffs for all countries currently engaged in negotiations with the U.S. Trump is frustrated by the slow
Chin Zhao 00:39 2025-06-17 UTC+2

The Dollar Walks on Thin Ice

When there's money, you buy the best. In past years, the US dollar and dollar-denominated assets—especially shares of the "Magnificent Seven"—were considered the best investments. American stock indices
Marek Petkovich 00:39 2025-06-17 UTC+2

USD/JPY. June Meeting of the Bank of Japan: A Preview

On Tuesday, June 17, the Bank of Japan will announce the results of its next policy meeting. According to preliminary forecasts, the central bank is expected to leave all monetary
Irina Manzenko 00:39 2025-06-17 UTC+2

The Pound Ignores Weak Data and Persistently Tries to Continue Rising

The macroeconomic data from the UK published last week looks frankly weak—everything is in the red zone, meaning worse than expected. Nevertheless, the pound continues to climb upward regardless
Kuvat Raharjo 19:36 2025-06-16 UTC+2

Top analytics

Relevance up to 01:00 2025-06-20 UTC--5
Middle East Crisis as a Prelude to Global War... (Limited Downside Possible for Bitcoin and EUR/USD)
09:04 2025-06-17
Fundamental analysis
Relevance up to 21:00 2025-06-17 UTC--5
EUR/USD Forecast for June 17, 2025
04:51 2025-06-17
Technical analysis
Relevance up to 20:00 2025-06-17 UTC--5
Trading Recommendations and Analysis for EUR/USD on June 17: Geopolitics Played Its Part
03:49 2025-06-17
Trading plan
Relevance up to 01:00 2025-06-18 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades
08:42 2025-06-17
Forecast
Relevance up to 01:00 2025-06-18 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades
08:42 2025-06-17
Forecast
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.