Stephen Miran Steps Back from Rate Cuts at the Fed
📊 DXY — Piyasa Yorumu
▼ down · 65%The US Dollar Index (DXY) is trading at 98.51, down 0.29% over the past 24 hours. The RSI is approaching oversold territory at 35.4, while the MACD remains below the signal line and in negative territory. The price has fallen below both the 20-day and 50-day moving averages. A news headline indicates a pullback in expectations for Fed rate cuts, which could negatively impact the dollar in the short term. The weakness in technical indicators and the uncertainty created by the news suggest that downward pressure on the DXY may persist.
📊 USDJPY — Piyasa Yorumu
▼ down · 65%USDJPY is trading at 159.36, down 0.17% in the last 24 hours. The RSI at 37.26 is approaching oversold territory, while the MACD remains below the signal line and in negative territory, indicating short-term weakness. The price is trading below both the 20-day and 50-day moving averages (159.58 and 159.57, respectively). News headlines suggest the Fed is stepping back from rate cuts, which could strengthen the US dollar and exert downward pressure on USDJPY. However, the low RSI also raises the possibility of a short-term corrective bounce.
📊 USDTRY — Piyasa Yorumu
■ neutral · 60%USDTRY is trading near the 45.00 level, with the RSI at 48 in neutral territory. The MACD remains below its signal line, indicating short-term weakness. The price is just below the 20-day SMA (45.01) but holds above the 50-day SMA (44.96). The news reflects the Fed's stance against rate cuts, which could pressure emerging market currencies. However, the current technical structure does not provide sufficient signals to determine a clear direction.
📊 GLD — Piyasa Yorumu
▼ down · 60%The news suggests the Fed may adopt a more hawkish stance against interest rate cuts, which could create a negative environment for non-yielding assets like gold. Technical indicators also point to weakness: the RSI is below the neutral zone at 44, and the MACD is negative and below its signal line. The price being well above the 20- and 50-day moving averages increases the likelihood of a short-term correction. Therefore, a downward move can be expected in the near term.