When Will the Fed’s Interest Rate Decision Be Announced at the May Meeting?

GOOGL shares closed up 3.66% in the last 24 hours at $398.03, with the RSI approaching overbought territory at 66.9. While the MACD remains below the signal line, the price exhibits a strong uptrend above the 20- and 50-day moving averages. However, uncertainty surrounding the Fed's interest rate decision may lead to cautious waiting in the market. Short-term upward momentum could persist, but direction is unclear due to the RSI entering overbought territory and macroeconomic uncertainties.

USDJPY is trading at 156.69, with a very limited 24-hour change of +0.19%. The RSI stands at 49.27, indicating neutral territory, while the MACD remains slightly below its signal line, offering no clear short-term momentum signal. The price is squeezed between the 20-day SMA (156.79) and the 50-day SMA (156.49). News headlines focus on the timing of the Fed's interest rate decision at the May meeting, a source of uncertainty that typically fosters a wait-and-see mood in the market. Therefore, rather than expecting a strong breakout in either direction over the next 1-3 days, a sideways move within the current narrow range appears more likely.

USDTRY is maintaining its short-term uptrend, trading at 45.36. The RSI at 66 is approaching overbought territory but is not yet at dangerous levels. The MACD is above its signal line and in positive territory, indicating continued upward momentum. Uncertainty surrounding the Fed's interest rate decision could increase short-term volatility, but the current technical structure supports an upward bias. However, the 45.40-45.50 resistance zone may be tested, and caution is advised against potential selling pressure from these levels.

DXY is trading at 97.916, with the RSI at 35.96, approaching oversold territory. The MACD is below the signal line and in negative territory, indicating short-term weakness. The price is trading below the 20- and 50-day moving averages, confirming the bearish trend. However, uncertainty surrounding the Fed's interest rate decision and oversold conditions may limit a sharp decline. Therefore, a horizontal movement is expected in the short term.