empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
28.03.2025 09:19 AM
Markets Have Found the Culprits
Open trading account Open demo account

If you don't get it the first time, you will the second. The S&P 500 sell-off, led by U.S. and foreign automaker shares, continued a second day after the imposition of 25% tariffs. Donald Trump threatened the European Union and Canada with retaliation should they respond jointly to the import duties, and companies have begun tallying up losses. The broad stock index is confidently moving toward the lower boundary of its medium-term trading range of 5500–5790, but blaming only the White House occupant for all its troubles would be misguided.

The sell-off of overvalued "Magnificent Seven" companies, slowing corporate profit growth, and a weakening U.S. economy contribute to a capital shift from North America to Europe. European indices are currently outperforming the S&P 500 by a wide margin. However, according to the world's largest asset manager, this advantage may not last long. BlackRock believes that Germany's fiscal stimulus will primarily benefit banks and defense companies — a very narrow group. Therefore, one shouldn't count on the EuroStoxx 50 and DAX 40 rally to continue at the same pace.

Performance of European vs. U.S. Stock Indices

This image is no longer relevant

By contrast, the U.S. stock market will likely receive a fresh boost once the situation surrounding Donald Trump's protectionist policies becomes clearer. Many companies will adapt to the tariffs, enabling the S&P 500 to grow again.

But first, the broad stock index would do well to shed some dead weight. In 2025, that weight comes from the "Magnificent Seven" stocks. Back in February, they were trading at 45 times forward earnings. Only the sell-off has brought the P/E ratio down to 35 — still high, though the 11% drop in that figure is striking.

Q1 earnings season kicks off in a few weeks, and Wall Street's 7.1% earnings forecast is impressive. But that's four percentage points lower than what experts were projecting at the end of 2024. The discrepancy in estimates is above the historical average. Forecasts have been cut across all 11 S&P 500 sectors, and earnings growth is expected to slow in nine.

Earnings Forecast Trends by S&P 500 Sectors

This image is no longer relevant

This image is no longer relevant

The stronger-than-expected Q4 GDP reading of 2.4% shouldn't be misleading. For January–March, Bloomberg analysts expect GDP growth to slow to 1–1.5%, and the Atlanta Fed's leading indicator signals an even weaker pace — just 0.2%. Inflation remains elevated, tying the Fed's hands and preventing the central bank from throwing markets a lifeline.

Technically, on the daily chart, the S&P 500 continues its previously forecasted move from the upper boundary of its consolidation range (5500–5790) toward the lower bound. It makes sense to hold and even build on short positions once support at 5670 is broken — especially since the Broadening Wedge pattern is playing out clearly.

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 April 24. Review of Yesterday's Forex Trades The price test at 1.3285 occurred when the MACD indicator had just started to move down from the zero mark, confirming a valid entry point for selling the pound
Jakub Novak
08:58 2025-04-24 +02:00
1075
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on April 24. Review of Yesterday's Forex Trades The test of the 142.32 level occurred when the MACD indicator had already moved significantly above the zero mark, which, in my view, limited the pair's upside potential. For this
Jakub Novak
08:26 2025-04-24 +02:00
1150
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 April 24? A Breakdown of Fundamental Events for Beginners

Few macroeconomic events are scheduled for Thursday, but yesterday's developments showed that the market continues to ignore the majority of data releases. Only a handful of reports are lucky enough
Paolo Greco 06:05 2025-04-24 UTC+2

GBP/USD Overview – April 24: Didn't work out? So be it...

On Wednesday, the GBP/USD currency pair managed to avoid a substantial decline, although the day before, it seemed that a downtrend was finally beginning. However, the market quickly bounced back
Paolo Greco 03:16 2025-04-24 UTC+2

EUR/USD Overview – April 24: Is it really about Powell?

The EUR/USD currency pair refrained from continuing its decline on Wednesday. As the saying goes, "Everything in moderation." The dollar gained around 200 pips on Tuesday, which shouldn't scare anyone
Paolo Greco 03:16 2025-04-24 UTC+2

The Kiwi Has a Decent Chance to Continue Rising

Inflation in New Zealand in Q1 came in slightly above expectations, rising from 2.2% to 2.5% year-over-year. This was mainly due to the goods sector, while core inflation is slowing
Kuvat Raharjo 00:59 2025-04-24 UTC+2

The Pound Holds On, but a Reversal Is Near

Inflationary pressure in the UK is gradually easing but remains elevated. In March, the core index fell from 3.5% to 3.4% year-over-year, while the headline CPI dropped from 2.8%
Kuvat Raharjo 00:59 2025-04-24 UTC+2

The Euro Takes a Hit Below the Belt

There will be no winners in trade wars. The U.S. will suffer due to a loss of trust in the dollar and other American assets, while Europe will suffer from
Marek Petkovich 00:59 2025-04-24 UTC+2

GBP/JPY. Analysis and Forecast

The GBP/JPY pair is retreating from the psychological level of 190.00, or a two-week high reached earlier today. Following disappointing UK PMI data, selling pressure has intensified, pulling spot prices
Irina Yanina 18:16 2025-04-23 UTC+2

Market walks through minefield

If the market can rally this much on hints from Treasury Secretary Scott Bessent about de-escalation in the trade conflict with China, imagine how high the S&P 500 could jump
Marek Petkovich 12:35 2025-04-23 UTC+2

The Likelihood of a Euro Reversal to the South Is Increasing

As expected, the ECB cut all key interest rates by a quarter-point, bringing the deposit rate down to 2.25%. At this meeting, no new staff projections were released, and given
Kuvat Raharjo 12:01 2025-04-23 UTC+2

Markets Await a Massive Rally if the U.S. Starts Real Negotiations with China (There is a likelihood of continued growth in #NDX and Ethereum)

A new wave of euphoria has swept through the markets. Many believe it's not a coincidence: take everything away from a person and then provide them with even the smallest
Pati Gani 09:03 2025-04-23 UTC+2

Top analytics

Relevance up to 20:00 2025-04-24 UTC--4
EUR/USD Overview – April 24: Is it really about Powell?
03:16 2025-04-24
Fundamental analysis
Relevance up to 00:00 2025-04-25 UTC--4
Intraday Strategies for Beginner Traders on April 24
07:13 2025-04-24
Forecast
Relevance up to 20:00 2025-04-24 UTC--4
GBP/USD Overview – April 24: Didn't work out? So be it...
03:16 2025-04-24
Fundamental analysis
Relevance up to 20:00 2025-04-24 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 24: Chaos in the Market Persists
03:16 2025-04-24
Trading plan
Relevance up to 23:00 2025-04-24 UTC--4
How to Trade the EUR/USD Pair on April 24? Simple Tips and Trade Analysis for Beginners
05:50 2025-04-24
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.