All Eyes on the Fed for Interest Rate Decision: What Are the Expectations?

NDX is trading below its 20-day moving average (29,042) with the RSI at 44.9, indicating weak momentum. The MACD line remains below the signal line, suggesting negative short-term momentum. However, the price is holding above the 50-day moving average (28,451) and rose 0.55% yesterday. With the market in a cautious wait-and-see mode ahead of the Fed's interest rate decision, a sideways trend is expected until direction becomes clearer.

USDJPY is trading at 157.737, with the RSI at 66.6 approaching overbought territory. While the MACD remains above its signal line, indicating a positive outlook, it also suggests weakening momentum. Headlines highlight uncertainty surrounding the Fed's interest rate decision, which could be a key short-term driver. Although technical indicators maintain a bullish bias, the news-driven uncertainty and the RSI nearing overbought levels suggest limited upside potential. Therefore, a sideways movement is expected in the near term.

The DXY has entered overbought territory, with its RSI14 above the 70 level. This increases the likelihood of a short-term correction or profit-taking. News headlines indicate that markets are focused on the Fed's interest rate decision, creating uncertainty. The overbought signal from technical indicators, combined with the uncertainty generated by the news, could trigger a downward move in the DXY. However, since the trend remains bullish, any decline is expected to be limited.

The USDTRY pair may follow a sideways trajectory in the near term as technical indicators send mixed signals. The RSI stands at 54, neither in overbought nor oversold territory, offering no clear directional signal. The MACD line is very close to the signal line and just above zero, indicating weak momentum. Although the price remains above the 20- and 50-day moving averages, the narrow gap between these averages points to a period of horizontal consolidation. While market attention is focused on the Fed's interest rate decision, the impact on USDTRY typically becomes clearer after the decision; thus, pre-decision uncertainty may keep price movements limited.