Analyzes

Declining profit margins, rising input costs, and a high 5-year PEG ratio combine for bearish headwinds. Has the rally in Cisco Systems run its course?

USD/CAD holds quiet ahead of the FOMC decision, trading below the 200-day EMA while testing support from a prior downtrend line. Market direction hinges on the Fed’s tone, with key levels between 1.35 and 1.4250 watched for potential movement.

USD/CHF reversed early weakness and is pressing resistance near 0.81, with traders watching 0.8150 and the 200-day EMA for a breakout. FOMC messaging and Swiss National Bank intervention remain central to the pair’s long-term direction.

The cryptocurrency market continues to keep traders on their toes, with sudden spikes and drawdowns liquidating longs and shorts, leaving many befuddled as to what comes next.

Bitcoin trades near $94,900 before the Fed’s expected rate cut, but bearish technicals and a potential “sell the news” reaction threaten a reversal toward $85,000.

Gold is defending the $4,200 mark early Wednesday, having staged a decent comeback on Tuesday from near the $4,170 region. Traders gear up for the all-important US Federal Reserve (Fed) policy announcements.