Fed raises policy rate by 25 basis points

The Fed's 25 basis point rate hike can be considered a mildly positive catalyst for the DXY. However, the market may have largely priced in this decision; indeed, the last close at 99.67 is just above the 20 and 50-day moving averages, and the RSI at 53 is in neutral territory. The MACD is slightly below its signal line, indicating limited upward momentum. In the short term (1-3 days), a moderate upward movement in the dollar index can be expected, but the 100 level may act as resistance. If profit-taking occurs after a hawkish Fed, the direction could turn downward; therefore, the confidence level should be kept at a moderate level.

The Fed's 25 basis point rate hike could put short-term pressure on gold prices, as higher rates reduce the appeal of non-yielding gold and may strengthen the dollar. However, the market may have largely priced in this decision, so the impact could be limited. Technical indicators are mixed: RSI is neutral around 50, MACD is in negative territory and below the signal line, indicating weak momentum. The fact that the price is well above the SMA20 and SMA50 (likely a data error) should be disregarded; realistically, the last close was at 4331.79. Overall, the news is more likely to have a downward effect in the short term, but confidence is moderate.