USD flat ahead of Fed decision; Oracle earnings may impact tech-linked FX

The US dollar index trades unchanged near 106.45 as forex markets adopt a cautious stance before the Federal Reserve's interest rate decision. EURUSD remains range-bound at 1.0525, while GBPUSD holds steady near 1.2735 amid pre-Fed positioning. Markets are pricing in a 25 basis point rate cut with focus shifting to forward guidance and the dot plot projections for 2025-2026. Oracle's upcoming earnings could influence tech sector sentiment, potentially affecting risk-sensitive currencies like AUDUSD (0.6385) and NZDUSD (0.5825). Asian session saw USDJPY consolidate near 152.20 as traders balance Fed expectations against BoJ policy divergence. Technical analysis shows EURUSD facing resistance at 1.0550 and support at 1.0500, with a breakout likely post-Fed. The combination of monetary policy uncertainty and corporate earnings creates a volatile environment for USD pairs through week-end.