Fed Announces Interest Rate Decision: Policy Rate Unchanged

The Fed's decision to keep interest rates unchanged did not trigger a sharp directional change in the DXY, as it aligned with market expectations. Technical indicators point to a weak bearish bias: the RSI is at 45, below the neutral zone, and the price is trading below both the 20-day and 50-day moving averages. Although the MACD line is above the signal line, it is near zero and moving sideways, indicating uncertain momentum. In the short term, consolidation within a narrow range of 101.30-101.45 can be expected. The market will await new data for clues on the Fed's potential future steps.

The Fed's decision to keep interest rates unchanged aligns with market expectations, so it may not create a surprise effect in the short term. On the S&P 500 (SPX), the RSI is at 47, indicating a neutral zone, while the MACD is below the signal line and trending negative. The price is near the 20-day moving average but remains below the 50-day moving average, signaling weak momentum. With no clear direction from the news flow, the index is expected to continue fluctuating within its current narrow range.

NDX dropped 2.5% in the last 24 hours to 27,706, closing below both its 20-day (27,789) and 50-day (28,364) moving averages. The RSI is in weak territory at 43, while the MACD is trending negatively below its signal line. Although the Fed's decision to hold interest rates steady aligns with market expectations, the current technical weakness and bearish momentum suggest selling pressure may persist in the short term. However, as the index has not yet entered oversold territory, the pace of decline could remain limited.

The Federal Reserve's decision to keep interest rates unchanged aligns with market expectations, so it is not expected to cause a sudden directional change in USDTRY. On the technical indicators, the RSI stands at 51.6, in neutral territory, while the MACD remains below its signal line. Short-term movements will largely depend on geopolitical developments and local inflation data. Therefore, a sideways trend is highly probable.