{"id":30257,"date":"2022-05-04T09:09:50","date_gmt":"2022-05-04T06:09:50","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=30257"},"modified":"2025-10-13T12:44:56","modified_gmt":"2025-10-13T09:44:56","slug":"all-focus-on-the-feds-interest-rate-decision","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/id\/all-focus-on-the-feds-interest-rate-decision\/","title":{"rendered":"All focus on the Fed\u2019s interest rate decision"},"content":{"rendered":"<p>Overall, the market seems to be increasingly shifting its interest towards the Fed meeting in today\u2019s late American session. US stockmarkets yesterday had slight gains the USD was relatively stable near a 20-year high, and gold\u2019s price took advantage from the recess of volatility to edge higher while US yields were on the rise with the 10-year bond yield reaching almost 3% underscoring the market\u2019s hawkish expectations.\u00a0 It should be noted that the Fed is expected to deliver a 50 basis points (double) rate hike, thus the interest rate to reach 0.75-1.00 from 0.25-0.50%. Currently, Fed Fund Futures imply that the market has priced in such a scenario by 92.8% to materialise. It should also be noted that the market has also priced in further rate hikes down the line, with the interest rate reaching 2.75-3.00% by year\u2019s end.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Key points: All focus on the Fed\u2019s interest rate decision | 04\/05\/2022 | EN\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/jT2jVZXwNEE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Just to put the market\u2019s expectations into perspective here, note that for the market\u2019s current expectations to be realised, and given that besides tomorrow\u2019s meeting\u00a0 there are only 5 meetings left that would mean that the Fed would have to deliver another four 50 basis points rate hikes and a 25-basis points rate hike and all of that until year\u2019s end.\u00a0 So, for the USD to get some substantial support the bank may have to deliver more than just a double rate hike. If the Fed actually raises the interest rate by 50-basis points as expected, it may have to maintain an intense hawkish tone in its accompanying statement foreshadowing further rate hikes to come highlighting the tightening of its monetary policy for the USD to get some substantial support.<\/p>\n\n\n\n<p>Another scenario that could support the USD yet seems remote, would be for the bank to proceed with a 75-points rate hike in tomorrow\u2019s decision, which would cause the USD to fly. Anything less than a double rate hike with a hawkish tone in the accompanying statement could cause the USD to weaken given the hawkishness of the market\u2019s expectations. On the other hand, the release is expected to have affect also US stockmarkets, as well as price of gold. Also note that Fed Chairman Jerome Powell\u2019s press conference later on is expected to maintain the volatility in the markets and should be closely watched.<\/p>\n\n\n\n<p>The USD Index maintained a sideways motion between the 102.90 (S1) support line and the 103.85 (R1) resistance line. Please note that the RSI indicator is above the reading of 50 implying some bullish tendencies and may drive the index higher ultimately. Overall though we tend to maintain the bias for a sideways motion for the time being yet we note that the Fed\u2019s interest rate decision could alter the index\u2019s direction either way.\u00a0 Should the bulls take over we note as a first resistance line the 103.85 (R1) line and if broken we set our next resistance level at 104.70 (R2). On the other hand should the bears be in charge of the index\u2019s direction, we may see it breaking the 102.90 (S1) line and aim for the 102.10 (S2) support level.<\/p>\n\n\n\n<p>Dow Jones seems to have stabilised somewhat just above the 33100 (S1) support level. The RSI indicator seems to remain near yet below the reading of 50 and we highlight the release of the Fed\u2019s interest rate decision as a key event for the index\u2019s direction. Should a selling interest be expressed we may see the index breaking the 33100 (S1) support line and aim for the 32250 (S2) level. Should on the other hand the index find fresh buying orders along its path, we may see it aiming if not breaking the 34150 (R1) resistance line.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-today-s-events-and-expectations\"><strong>Today\u2019s events and expectations<\/strong><\/h2>\n\n\n\n<p>Today, in the European session we get Germany\u2019s trade data for March, Eurozone\u2019s final composite PMI figure for April and Eurozone\u2019s retail sales for March. In the American session, we note the release of the US ADP National employment figure for April, Canada\u2019s trade data for March, the US ISM nonmanufacturing PMI figure for April while oil traders may be more interested in the release of the EIA crude oil inventories figure. On Thursday\u2019s Asian session we get Australia\u2019s building approvals growth rate as well as Australia\u2019s trade data, both being for March.<\/p>\n\n\n\n<p><strong>USD Index H4 Chart<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1916\" height=\"896\" src=\"\/wp-content\/uploads\/2022\/05\/usd-index-04-05-2022.png\" alt=\"support at one hundred and two point nine and resistance at one hundred and three point eighty five, direction sideways  \" class=\"wp-image-30258\" title=\"us-index-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 102.90 (S1), 102.10 (S2), 101.25 (S3)<\/p>\n\n\n\n<p>Resistance: 103.85 (R1), 104.75 (R2), 105.60 (R3)<\/p>\n\n\n\n<p><strong>US 30 Cash H4 Chart<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1916\" height=\"896\" src=\"\/wp-content\/uploads\/2022\/05\/us-30-cash-04-05-2022.png\" alt=\"support at thirty three thousand one hundred and resistance at thirty four thousand one hundred and fifty, direction sideways \" class=\"wp-image-30259\" title=\"us-thirty-cash-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 33100 (S1), 32250 (S2), 31170 (S3)<\/p>\n\n\n\n<p>Resistance: 34150 (R1), 35110 (R2), 35850 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1278\" height=\"315\" src=\"\/wp-content\/uploads\/2022\/05\/benchmark-04-05-2022.png\" alt=\"\" class=\"wp-image-30260\" title=\"benchmark-04-05-2022\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"740\" height=\"418\" src=\"\/wp-content\/uploads\/2022\/05\/table-04-05-2022.png\" alt=\"\" class=\"wp-image-30261\" title=\"table-04-05-2022\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"848\" height=\"640\" src=\"\/wp-content\/uploads\/2022\/05\/morning-releases-04-05-2022.png\" alt=\"\" class=\"wp-image-30262\" title=\"morning-releases-04-05-2022\"\/><\/figure>\n\n\n\n<p class=\"translation-block\">If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:research_team@ironfx.com\" target=\"_self\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"<p>Overall, the market seems to be increasingly shifting its interest towards the Fed meeting in today\u2019s late American session. US<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30257","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Forex blog - IronFX\u2122 | The Global Leader In Online Trading<\/title>\n<meta name=\"description\" content=\"Overall, the market seems to be increasingly shifting its interest towards the Fed meeting in today\u2019s late American session.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/id\/wp-json\/wp\/v2\/posts\/30257\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All focus on the Fed\u2019s interest rate decision\" \/>\n<meta property=\"og:description\" content=\"Overall, the market seems to be increasingly shifting its interest towards the Fed meeting in today\u2019s late American session.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-id.com\/id\/all-focus-on-the-feds-interest-rate-decision\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-04T06:09:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-13T09:44:56+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/all-focus-on-the-feds-interest-rate-decision\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/all-focus-on-the-feds-interest-rate-decision\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"All focus on the Fed\u2019s interest rate decision\",\"datePublished\":\"2022-05-04T06:09:50+00:00\",\"dateModified\":\"2025-10-13T09:44:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/all-focus-on-the-feds-interest-rate-decision\\\/\"},\"wordCount\":809,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"id\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/all-focus-on-the-feds-interest-rate-decision\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/all-focus-on-the-feds-interest-rate-decision\\\/\",\"name\":\"Forex blog - IronFX\u2122 | The Global Leader In Online Trading\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/#website\"},\"datePublished\":\"2022-05-04T06:09:50+00:00\",\"dateModified\":\"2025-10-13T09:44:56+00:00\",\"description\":\"Overall, the market seems to be increasingly shifting its interest towards the Fed meeting in today\u2019s late American session.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/all-focus-on-the-feds-interest-rate-decision\\\/#breadcrumb\"},\"inLanguage\":\"id\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/all-focus-on-the-feds-interest-rate-decision\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/all-focus-on-the-feds-interest-rate-decision\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"All focus on the Fed\u2019s interest rate decision\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/id\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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