Fed Raises Interest Rates for First Time Since 2023: Markets Focus on New Week

The Fed's first rate hike since 2023 is a fundamental upward catalyst for DXY. However, the price is currently at 100.21, just below the 20- and 50-day moving averages (100.32 and 100.27), and the 24-hour change is nearly flat. The RSI is at 44, in neutral-weak territory, and the MACD is below its signal line (0.011 vs 0.042), indicating weak short-term momentum. The news may not yet be priced in; a close above 100.30 would confirm the upward direction, otherwise resistance selling could be seen. For 1-3 days, a moderate upward bias, but confidence is low.

The Fed's first rate hike since 2023 is a negative development for gold. The rate hike could pressure gold prices by pushing up bond yields and strengthening the dollar. However, technical indicators are mixed: RSI at 57 is neutral, while MACD is positive above its signal line. The last close was at 4378, and the 24-hour change of 1009% appears abnormal and may be a data error. In the short term (1-3 days), I expect downward pressure, but the impact of the news may be limited.