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Bybit and FXStreet TradFi Report: Fed Decision Could Trigger a “Volatile Summer”
In a recent report, cryptocurrency exchange Bybit and financial news website FXStreet have joined forces to release the latest TradFi (traditional finance) insights. The analysis focuses on the upcoming Federal Reserve decision and its potential impact on global markets.
The report highlights that today’s Fed meeting is merely a catalyst for market positioning rather than an immediate policy change. However, this shift in tone could be significant enough to alter September rate cut expectations from 61% to over 80%, sparking “a volatile summer” in the process.
Key technical levels have been identified in the report, particularly in regards to EUR/USD trading near oversold conditions, with the RSI (relative strength index) sitting at 30. This could result in a fresh uptrend for EUR/USD if rate cut expectations strengthen.
Conversely, the S&P 500 is expected to reach new highs provided that rate relief becomes more plausible. Upside targets have been set at 6,446 and 6,500 should these expectations continue to grow.
The combined factors of reduced tariff risks, decreasing inflation data, and mounting political pressure for rate cuts have led to a growing likelihood of a September rate cut.
Source: usethebitcoin.com
