Fed Raises Rates After 3 Years, One More Hike Expected by 2026

The Fed's first rate hike in 3 years and its signal for another increase by 2026 could create valuation pressure on growth stocks. GOOGL has risen 1.65% in the last 24 hours and its RSI at 58.8 is approaching overbought territory, increasing the risk of a short-term correction. The MACD is below its signal line (1.69 vs 1.97), and this negative momentum combined with the rate decision could create downward pressure. However, since the price is still above the SMA20 and SMA50, a limited pullback is expected rather than a sharp sell-off. Nevertheless, the impact of rate hikes on technology stocks may generally remain limited; therefore, the confidence level should be kept at a moderate level.

The Fed's first rate hike in three years and the expectation of another increase by 2026 are fundamental supports for the DXY. However, with RSI at 73, the index is in overbought territory, and the price is above the SMA20/SMA50, suggesting that upside potential may be limited in the short term. MACD is positive and above the signal line, indicating momentum remains bullish. The news may already be priced in; the 100 level is critical resistance. For the next 1-3 days, a slight upward bias is expected, but profit-taking could emerge.

The Fed's first rate hike in three years and the expectation of another increase by 2026 is a negative development for gold prices. Rate hikes typically reduce gold's appeal because bond yields rise and the opportunity cost increases. However, technical indicators are mixed: RSI at 47.7 is neutral, MACD is in negative territory and below the signal line. The price is at 4320, well above the SMA20 and SMA50, which could indicate overbought conditions or a data error. In the short term, downward pressure is expected, but the decline may be limited.

The Fed's first rate hike in three years and the expectation of another increase by 2026 are generally supportive for the USD. However, for USDTRY specifically, the impact of the news may be limited as the market may have largely priced in this move. Technical indicators point to a sideways trend: RSI is neutral around 53, MACD is just above the signal line, and the price is very close to the 20- and 50-day moving averages. This outlook increases the likelihood of a choppy course rather than a clear directional move. While a slight upward bias is expected in the short term, additional confirmation is needed for a strong breakout.