Fed Appoints Powell as Interim Chair; Warsh Expected to Take Office

The appointment of a new Fed chair could generate short‑term uncertainty in markets. GOOGL is sensitive to potential easing of interest rates, so if Warsh adopts a gentler policy, a modest short‑term rally could be expected. However, technical indicators (MACD below signal, RSI almost neutral) suggest that current momentum is weak. Consequently, a clear directional move over a 1‑3 day period seems unlikely.

The temporary appointment of a Fed chair could create uncertainty in markets and exert short‑term pressure on the USD. In the USDTRY pair, this may manifest as a move slightly below the 45.5 level. An RSI of 40 and a MACD below the signal line support a short‑term downward bias. However, the trend—SMA20 above SMA50—indicates that a strong decline is unlikely to materialize immediately. Accordingly, a modest decline over a 1‑3 day period is expected.

The temporary appointment of a new Fed chair and the commencement of Warsh’s tenure are generating uncertainty. DXY’s 24‑hour rise of 0.4% and an RSI of 64.7 indicate it is in overbought territory. MACD remaining below the signal line signals weakening momentum. In the short term, due to a lack of clarity on the Fed’s policy direction, the DXY may experience a modest decline or remain flat.

The Fed’s leadership change could generate modest short‑term uncertainty in markets. The expectation that Powell will be appointed as interim chair and that Warsh will take office reinforces the impression that policy consistency will continue. Consequently, the NDX’s 1‑3 day movement is likely to remain largely within the current trend, though short‑term volatility may increase.