Federal Reserve Rate Decision Set to Shake Markets: Zoomex Highlights Key ETF Trends

The Federal Reserve's rate decision is set to shake markets this week, and Zoomex, a global cryptocurrency trading platform focused on derivatives, has its eyes fixed on key ETF market trends.

Six ETF-linked perpetual contracts are currently being highlighted by Zoomex's internal Market Focus dashboard: SPYUSDT (tracking the S&P 500), QQQUSDT (mirroring the Nasdaq 100), IWMUSDT (linked to the Russell 2000 small-cap index), XLFUSDT (tracking the Financial Select Sector SPDR fund), XLKUSDT (following the Technology Select Sector SPDR fund), and TQQQUSDT (the leveraged 3x Nasdaq 100 product).

The most sensitive of these contracts is TQQQUSDT, which has dropped by a significant 2.36% to $69.46 in trading volume.