Bitcoin, Ethereum Steady as Fed Leaves Interest Rates Unchanged

💡 DMK Insight

The FOMC’s divided stance is a critical signal for traders navigating the current market. When policymakers can’t reach a consensus, it often leads to increased volatility, as market participants react to uncertainty. Traders should be aware that this division could impact interest rates and, consequently, the forex market, particularly pairs sensitive to U.S. monetary policy like USD/EUR or USD/JPY. Look for potential shifts in market sentiment as economic indicators roll in, especially if they deviate from expectations. If the FOMC’s indecision continues, we might see a consolidation phase in major currency pairs, with traders waiting for clearer signals before committing to positions. Keep an eye on the upcoming economic data releases, as they could sway the FOMC’s future decisions and create trading opportunities. In the short term, monitor the 1.10 level on EUR/USD and the 150 level on USD/JPY for potential breakout or reversal signals. These levels could serve as critical points for traders looking to capitalize on the FOMC’s next moves.