Reuters Poll: Fed to Hold Rates Steady This Year as Inflation Fight Continues
📊 GOOGL — Piyasa Yorumu
▼ down · 60%The news that the Fed will keep interest rates unchanged could create pressure on growth stocks. GOOGL's RSI is at 41.79, indicating a weak zone, and the price is trading below both its 20-day (367.75) and 50-day (370.27) moving averages. The MACD line is below the signal line and in negative territory, suggesting weak short-term momentum. The latest close at 363.33, remaining below these averages, points to a potential continuation of the downtrend. However, the decline is expected to be limited, as the stock has risen 1.04% in the last 24 hours and has not yet entered oversold territory.
📊 SPX — Piyasa Yorumu
▼ down · 70%SPX closed down 2.24% at 7405, with technical indicators pointing to weakness. Although the RSI at 30.2 is approaching oversold territory, the MACD line remains below the signal line and in negative territory, indicating weak momentum. The price is trading below the 20- and 50-day moving averages, which are trending downward. News that the Fed will keep interest rates unchanged and continue its fight against inflation may dampen market expectations for rate cuts, potentially increasing selling pressure in the near term. While oversold conditions could trigger a short-term bounce, the overall downtrend suggests further declines are more likely.
📊 NDX — Piyasa Yorumu
▼ down · 70%NDX experienced a sharp decline of nearly 4% in the last 24 hours, with its RSI dropping to 37, approaching oversold territory. The MACD remains in negative territory and below the signal line, confirming weak momentum. The price closed below both the 20-day and 50-day moving averages, further weakening the short-term outlook. News that the Fed will keep interest rates unchanged may suppress risk appetite by keeping inflation concerns alive. In the short term, the downtrend is likely to continue, although some buying on dips may occur due to the oversold conditions.
📊 DXY — Piyasa Yorumu
▼ down · 65%Despite the DXY's RSI14 approaching oversold territory at 30.6, it continues to signal short-term weakness. The MACD line remains below the signal line and in negative territory, indicating downward momentum. The price is trading below both the 20-day and 50-day moving averages, which are acting as resistance levels. News indicates that the Fed will keep interest rates steady but continue its fight against inflation; while this could support a stronger dollar, the current technical weakness and short-term bearish trend appear more dominant. Therefore, the DXY is expected to maintain its downward trend in the short term.