US30 is trading at 30176.8, 0.36% down since previous day close. The strong selling pressure can be observed in major equities on Wednesday after FOMC revealed a rate hike move of 75bps leading an interest rate in the rage of 3.00% to 3.25%. However, the Fed remains more hawkish for future monetary policy; for hinting more aggressive rate hikes. This led heavy sell-off in overall market instruments. The surging bond yields & strong US Dollar Index further led to selling pressure in US30. The outcome of U.S Jobless Claims & Current Account will be closely monitored for the day. As seen in the chart, the US30 is trading near lower levels of previous lows & hence, the target of 30000 can be expected if downside prevails further.

WTI Oil is trading at $83.26, 0.13% down since previous day close. The Oil prices moved down on Wednesday against the strong USD post Fed meeting which not only raised an interest rate by 75bps but also hinted for more aggressive rate hike stance in the future meetings; for this weakens currency backed commodities. The U.S EIA report showed a rise in Oil inventory level by 1.1mbpd mild rise against the previous reading; pushing down the prices. Also, the API report showed a rise in Oil stocks level by 1.035 mbpd lower than expectation 2.32 mbpd. As seen in the chart, the Oil is trading near lower levels but still above the long term Moving Averages. This indicates the chances of either side breakout on daily basis.

EUR/USD is trading at 0.98209, 0.23% down since previous day close. The EURO heavily almost testing two-decade lows on Wednesday. Majorly, the strong USD after FOMC raised an interest rate by 75bps as expected while turning more hawkish than expected for future monetary stance led heavy sell-off in other basket of currencies. Besides this, the Russia ordered the mobilization of reserve troops in an escalation of the war in Ukraine which intensifies the tension; further lowering downs the EURO. The outcome of Euro-zone PMI figures will remain in focus on Friday. As seen in the chart, the pair is strongly trading within the bearish channel pattern & hence, selling on higher levels may be recommended on short term basis.