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
30.05.2025 10:33 AM
Markets Demand an Appeal
Open trading account Open demo account

The S&P 500 started the day strong but ended on a downbeat note. Initially buoyed by the U.S. Court of International Trade's ruling that the White House's tariffs were illegal, along with upbeat quarterly earnings from NVIDIA, the broad market index gapped higher at the open. However, once news broke that the tariffs would remain in effect pending an appeal to the Supreme Court—and that the U.S. administration had a "Plan B"—stocks quickly reversed course and sold off.

Cancelled and Remaining U.S. Tariffs

This image is no longer relevant

The U.S. administration is confident it will win the appeal. Even if it loses, there are other legislative tools it can rely on to reinstate tariffs. In short, the trade war isn't over. The S&P 500's reaction reflected the realization that the Court's verdict only presents a temporary hurdle for the White House. President Trump himself was outraged—how could judges inflict such harm on America? Is it personal animosity against Trump? What other explanation could there be?

Another reason for the S&P 500's roller-coaster ride is growing uncertainty. Companies have adapted to the tariffs, which has helped the index post its best May performance since November 2023. However, the Court's decision could harden the positions of other countries in trade negotiations with the U.S. Moreover, removing the tariffs would strip the U.S. of an important funding source for Trump's "Big Beautiful" tax cut bill. And the bill includes a particularly alarming detail for investors:

The proposal calls for raising tax rates on residents of countries deemed by the U.S. to have discriminatory policies. The logic is clear—foreigners hold trillions of dollars in U.S. assets, and higher taxes would funnel serious money into the budget.

Dynamics of the U.S. Asset Holdings by Non-Residents

This image is no longer relevant

However, non-residents are already spooked by the uncertainty surrounding Trump's policies. New taxes could drive them away completely, leaving the U.S. without buyers for its Treasury bonds. Financing the huge budget deficit would then become a major challenge, threatening both the economy and stock market indices.

This image is no longer relevant

Donald Trump also discussed rate cuts during a meeting with Fed Chair Jerome Powell. Trump pointed out that Powell was making a mistake by not lowering interest rates, placing the U.S. at a disadvantage compared to China and other countries. Yet at the same time, the president's pressure on the central bank only adds to investor anxiety. Undermining the Fed's independence is yet another reason for eroding confidence in America.

Technical Picture

Technically, nothing has drastically changed on the daily S&P 500 chart. The risks of forming a 1-2-3 reversal pattern remain intact. Breaks below the 5860 and 5815 support levels could serve as new signals to sell the broad market 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
Wave analysis
EUR/USD Analysis on June 11, 2025 The wave structure on the 4-hour chart for EUR/USD has shifted into a bullish formation and continues to hold this shape. I believe there's little doubt that this transformation
Chin Zhao
19:00 2025-06-11 +02:00
1420
Wave analysis
GBP/USD Analysis on June 11, 2025 The wave structure for GBP/USD continues to suggest the formation of a bullish impulse wave pattern. The wave picture is nearly identical to that of EUR/USD. Until February
Chin Zhao
18:51 2025-06-11 +02:00
1225
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

XAU/USD. Analysis and Forecast

Currently, the price of gold remains confined within a weekly range. The key factors supporting price growth include a decision by the U.S. federal appellate court to uphold President Donald
Irina Yanina 18:35 2025-06-11 UTC+2

USD/JPY. Analysis and Forecast

At this stage, the Japanese yen continues to trade within an intraday consolidation range, approaching the two-week low against the U.S. dollar reached yesterday. The main factors influencing the movement
Irina Yanina 18:33 2025-06-11 UTC+2

EUR/GBP. Analysis and Forecast

However, at this point, it lacks follow-through buying, despite a fundamental backdrop that suggests the path of least resistance for spot prices lies to the upside. The weak performance
Irina Yanina 11:38 2025-06-11 UTC+2

Results of the Second Round of U.S.–China Negotiations

The United States and China have concluded two days of important trade negotiations with a plan to resume the flow of sensitive goods — this framework now awaits approval from
Jakub Novak 11:32 2025-06-11 UTC+2

The U.S. and China: A Small Step Forward. What's Next? (Potential for a reversal and decline in EUR/USD and NZD/USD pairs)

Representatives from the United States and China have reached a framework agreement on trade following two days of high-level talks in London. But why isn't there a sense of euphoria
Pati Gani 09:52 2025-06-11 UTC+2

The Market Approaches Its Rubicon

The devil is in the details—and the U.S. and China haven't provided investors with those details regarding their newly reached deal. This lack of transparency risks cutting off the momentum
Marek Petkovich 09:18 2025-06-11 UTC+2

What to Pay Attention to on June 11? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic reports are scheduled for Wednesday. Therefore, any sharp reversal or strengthening of movement may only occur at the start of the U.S. trading session, when
Paolo Greco 06:10 2025-06-11 UTC+2

GBP/USD Overview – June 11. What Will Inflation Influence?

The GBP/USD currency pair fell sharply in the first half of Tuesday but retraced back to its original position in the second half. Traders may have assumed in the morning
Paolo Greco 03:31 2025-06-11 UTC+2

EUR/USD Overview – June 11: Even News About Negotiations Doesn't Help the Dollar

The EUR/USD currency pair continued trading sluggishly on Tuesday, maintaining an upward bias. The macroeconomic backdrop has been absent for two days in a row, but there have been some
Paolo Greco 03:31 2025-06-11 UTC+2

Japan Hopes for a Positive Outcome in Trade Negotiations—Otherwise, Recession and Rising Inflation Loom

The revised estimate of Japan's Q1 GDP showed that the economy contracted less than previously estimated, with consumption figures also revised upward. GDP declined by 0.2% year-over-year instead
Kuvat Raharjo 00:21 2025-06-11 UTC+2

Top analytics

Relevance up to 02:00 2025-06-13 UTC--5
The U.S. and China: A Small Step Forward. What's Next? (Potential for a reversal and decline in EUR/USD and NZD/USD pairs)
09:52 2025-06-11
Fundamental analysis
Relevance up to 02:00 2025-06-12 UTC--5
GBP/USD. June 11th. UK Unemployment and US Inflation
10:56 2025-06-11
Technical analysis
Relevance up to 03:00 2025-06-12 UTC--5
Results of the Second Round of U.S.–China Negotiations
11:32 2025-06-11
Fundamental analysis
Relevance up to 19:00 2025-06-11 UTC--5
GBP/USD Overview – June 11. What Will Inflation Influence?
03:31 2025-06-11
Fundamental analysis
Relevance up to 01:00 2025-06-12 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders on June 11. Review of Yesterday's Forex Trades
09:00 2025-06-11
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.