{"id":159552,"date":"2023-09-20T22:26:12","date_gmt":"2023-09-20T16:56:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=159552"},"modified":"2023-09-20T22:26:12","modified_gmt":"2023-09-20T16:56:12","slug":"bulls-are-giving-up-ahead-of-fed-decision-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bulls-are-giving-up-ahead-of-fed-decision-crypto-news\/","title":{"rendered":"Bulls are giving up ahead of Fed decision &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/CHF declined by 0.28% on the day to 0.8950.<\/strong><\/li>\n<li><strong>US yields and the DXY index are declining.<\/strong><\/li>\n<li><strong>All eyes are on the Fed\u2019s decision and the updated dot plots.<\/strong><\/li>\n<\/ul>\n<p>On Wednesday, the USD\/CHF lost some ground and declined to the 0.8950 area.<\/p>\n<p>The US 10-year yield, after hitting its highest level since 2007 at 4.36%, is consolidating at 4.32%. The 2 and 5-year yields are also backing down, retreating to 5.06% and 4.47%, respectively, while the US DXY index fell below 105.00 to 104.85, seeing 0.30% losses.<\/p>\n<p>Regarding the Federal Reserve (Fed) decision later in the session, markets widely anticipate that the bank will hold <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> steady at the 5.25%-5.50% range. However, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Fed<\/a> have all the reasons to remain hawkish due to rising Oil prices and the solid economic activity seen in the US, which could exacerbate inflationary pressures.\u00a0<\/p>\n<p>In addition, investors will closely monitor the updated dot plots, which in the June meeting, the median rates were revised upwards to 5.6% from 5.1% in March, as they will provide clearer guidance on the next decisions. Chair Powell\u2019s stance will also be important for markets.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Levels to watch\u00a0<\/h2>\n<p>\u00a0According to the daily chart, the technical <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a> for USD\/CHF leans neutral to bearish as signs of bullish exhaustion emerge. The Relative Strength Index (RSI) points towards a potential reversal, as its positive slope above the midline weakens after being rejected by the 70.00 threshold, while the Moving Average Convergence (MACD) displays decreasing green bars. Furthermore, the pair is above the 20-day Simple Moving Average (SMA), below the 100-day SMA, but above the 200-day SMA, highlighting the continued dominance of bulls in the broader perspective.<\/p>\n<p>\u00a0Support levels: 0.8940, 0.8900, 0.8885.<\/p>\n<p>\u00a0Resistance levels: 0.8980, 0.9000, 0.9038 (200-day SMA)<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Daily Chart<\/h2>\n<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CHF declined by 0.28% on the day to 0.8950. US yields and the DXY index are declining. All eyes are on the Fed\u2019s decision and the updated dot plots. On Wednesday, the USD\/CHF lost some ground and declined to the 0.8950 area. The US 10-year yield, after hitting its highest level since 2007 at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":25945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,252,247,253,249,597,256,254],"class_list":["post-159552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=159552"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159552\/revisions"}],"predecessor-version":[{"id":159553,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159552\/revisions\/159553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/25945"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=159552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=159552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=159552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}