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Mixed Markets by Fed | Investing.com



As discussed in the Fed Recap, the Fed funds outperformed the Fed by 25 bps, as expected. However, the surprise for the market was first and foremost that 7 out of 17 members are watching this year and 5 makers are actually seeing no cuts! However, Powell later went on to say that the Fed will stop cutting interest rates "when we think we've done enough", taking some of the sting out of the hawkish stance. DXY initially went out with bids, and the shares were initially lower. Although this was a bit more hawkish than the market expected, the movement does not seem to be as big as one might expect.

DXY moved higher from 98.30 up to 98.70. However, it has since reversed and is now trading only at 98.45. After stopping short-term resistance of 98.60, DXY was able to see a move up to 99.37, which was the highlights of September 3rd. Support at breakout level 98.30.

  USD Currency Index "title =" USD Currency Index

The SPX500 broke a growing trend line yesterday and has traded sideways. Originally, the price broke almost 20 handles lower than the 2980 in the announcement. However, the price went back to new highlights and positive territory for the day of 3007 nearby! Resistance above at recent highs in 3022. Support at today's lowest level after announcement 2977.

  S&P 500 Index "title =" S&P 500 Index

What's next? ,, and everyone has meetings today. US dollars against these countries' currencies may be on the move overnight.

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