November 3, 2022 Technical Analysis Comments : 0 USD Breaks Out, SPX, Nasdaq Break Down After FOMC The first reaction was aggressively faded, leaving a net result of USD strength and equity weakness after the November FOMC rate hike. Share This Article : Previous Post Fed Hikes Rates by 75 bp and Alters Guidance; US Dollar Outlook Post-FOMC Next Post Oil Price Holds Above 50-Day SMA to Eye October High