{"id":137333,"date":"2026-10-29T08:44:55","date_gmt":"2026-10-29T06:44:55","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=137333"},"modified":"2026-10-29T09:33:42","modified_gmt":"2026-10-29T07:33:42","slug":"feds-interest-rate-decision-to-move-the-markets","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/ph\/feds-interest-rate-decision-to-move-the-markets\/","title":{"rendered":"Fed\u2019s interest rate decision to move the markets"},"content":{"rendered":"

Fed\u2019s expected to remain hawkishly on hold<\/strong><\/h2>\n\n\n\n

Market attention today is expected to be on the Fed\u2019s interest rate decision<\/a>. The bank is widely expected to keep rates unchanged, while Fed Fund Futures imply a market expectations for the Fed to hike rates in the December meeting. Given also the inflationary pressures in the US economy, we expect the bank to remain hawkishly on hold. Such a decision could verify the market\u2019s expectations for the Fed to hike rates in the December meeting thus providing support for the USD and weighing on US equities and gold\u2019s price. Should the bank fail to sound hawkish enough, we may see the markets be taken by surprise, moderating their expectations for a rate hike to come and thus weigh on the USD and lift US equities and gold\u2019s price.<\/p>\n\n\n\n

BoC expected to hike rates<\/strong><\/h2>\n\n\n\n

Before the Fed\u2019s interest rate decision, we get from Canada, BoC\u2019s interest rate decision. The bank is expected to hike rates by 25 basis points, yet the market expects it to remain on hold afterwards. We expect the bank to raise rates given the inflationary pressures especially on energy products, yet the bank may also prefer to keep its options open about the way ahead. Such a stance could weigh on the Loonie, turning the rate hike to a dovish hike, while a more hawkish approach may lift the CAD. <\/p>\n\n\n\n

UK\u2019s Autumn statement could affect the pound<\/strong><\/h2>\n\n\n\n

The GBP seems to be losing ground against the USD and pound traders are expected to focus on UK Chancellor of the Ex Chequers Healey\u2019s Autumn Statement at the UK Parliament. Despite market expectations for taxes being announced that could weigh on the GBP, we also note the UK Government\u2019s pledge to provide some \u201cbreathing space\u201d which may support the pound.<\/p>\n\n\n\n

US tech sector focuses on earnings reports<\/strong><\/h2>\n\n\n\n

For the US tech sector, we highlight today the release of the earnings reports of Alphabet (#GOOG) and Microsoft (#MSFT). Should the actual EPS and revenue figures be higher than expected and accompanied by a robust forward guidance we may see their share prices and the market sentiment in general getting a boost. Yet note that market worries for the expenditure required for AI development tend to weigh. <\/p>\n\n\n\n

Other highlights for today<\/strong><\/h2>\n\n\n\n

Today we get the US weekly EIA crude oil inventories figure. Tomorrow, we get from New Zealand, the ANZ Business outlook for October, Sweden\u2019s preliminary GDP rates for Q3, and Eurozone\u2019s business conditions for October.<\/p>\n\n\n\n

Charts to keep an eye out<\/strong><\/h2>\n\n\n\n

USD\/CAD Daily Chart<\/strong><\/h3>\n\n\n\n
\"support
Support: 1.3990 (S1), 1.3880 (S2), 1.3730 (S3)
Resistance: 1.4125 (R1), 1.4245 (R2), 1.4410 (R3)<\/figcaption><\/figure>\n\n\n\n

USD\/CAD<\/strong> bounced on the 1.3990 (S1) support line, last Friday, interrupting its downward motion. Given that the downward trendline has been broken we switch our bearish outlook in favour of a sideways motion of the pair. Also the rise of the RSI indicator has risen nearing 50, implying an easing of the bearish market sentiment for the pair. Should the bulls take the lead, USD\/CAD may aim if not breach the 1.4125 (R1) resistance line. Should the bears regain control over USD\/CAD could break the 1.3990 (S1) support line and start aiming for the 1.3880 (S2) support level.<\/p>\n\n\n\n

US 100 Cash Daily Chart<\/strong><\/h3>\n\n\n\n
\"support
Support: 29735 (S1), 28750 (S2), 27050 (S3)
Resistance: 30770 (R1), 32500 (R2), 34000 (R3)<\/figcaption><\/figure>\n\n\n\n

Nasdaq<\/strong> rose teasing the 29735 (S1) resistance line, now temporarily turned to support. Given that the downward trendline was broken yesterday we switch our\u00a0 bearish outlook to a sideways motion bias of the index. The RSI indicator has risen nearing 50, signalling the evaporation of the bearish market sentiment for the pair. Should the bulls remain in charge, we may see Nasdaq\u2019s price action aiming for the 30770 (R1) resistance line. Should the bears be in the driver\u2019s seat, we may see Nasdaq dropping below the 29735 (S1) support line and start actively aiming if not breaching the 28750 (S2) support base.<\/p>","protected":false},"excerpt":{"rendered":"

Fed\u2019s expected to remain hawkishly on hold Market attention today is expected to be on the Fed\u2019s interest rate decision.<\/p>","protected":false},"author":15,"featured_media":137336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_daim_seo_power":"","_daim_enable_ail":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-137333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"\nFed\u2019s interest rate decision to move the markets | IronFX\u2122<\/title>\n<meta name=\"description\" content=\"Fed\u2019s expected to remain hawkishly on hold, BoC expected to hike rates, UK\u2019s Autumn statement could affect the pound, US tech sector focuses on earnings reports.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" 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