Kevin Warsh Confirmed as Fed Chair, Inflation in Focus

The news indicates that the new Fed chair will focus on combating inflation. This could weaken expectations for interest rate cuts and put pressure on equities. However, GOOGL's technical indicators point to a strong uptrend; although the RSI at 67 is approaching overbought territory, the MACD and SMAs remain positive. In the short term, the negative impact of the news may be offset by the positive signals from the technical outlook. Therefore, it is difficult to determine a clear direction, and it is necessary to monitor how the market prices the news.

The news confirms the approval of a Fed chair focused on combating inflation. This could reduce expectations for interest rate cuts, putting pressure on equities. Technically, BOX shares show weakness despite the RSI approaching oversold territory at 36.6, as the price remains below both the 20-day and 50-day moving averages. The MACD line being below the signal line and in negative territory suggests that short-term bearish momentum may continue. The 6.5% decline in the last 24 hours confirms increasing selling pressure. Therefore, further downside movement can be expected in the short term.

Although the news raises inflation concerns, Warsh's approval could be a factor that reduces uncertainty for the market. Technical indicators point to an upward trend, with the RSI not approaching overbought territory at 65 and the MACD positive above its signal line. The price is trading above the 20- and 50-day moving averages, suggesting that short-term momentum may continue. However, inflation-focused news could limit the upside due to concerns that the Fed might accelerate tightening steps. Therefore, while there is an upward expectation, it is prudent to remain cautious.

The news suggests that the new Fed chair will focus on combating inflation. This could keep short-term rate hike expectations alive, limiting risk appetite. However, on the NDX, the RSI at 64 is not yet in overbought territory, while the MACD remains positive above its signal line. While technical indicators maintain a bullish bias, the uncertainty generated by the news makes it difficult to establish a clear direction. Therefore, the market is expected to consolidate around current levels.