Fed's Jefferson: Reducing Inflation to 2% Is Our Priority

The news reflects the Fed's hawkish stance, which could dampen expectations for interest rate cuts. However, GOOGL shares remain technically neutral (RSI at 52.4) and trade above short-term averages. The MACD is positive but generating a weak signal. Therefore, no clear short-term direction is expected. While the market prices in the Fed's rhetoric, the stock may maintain its own momentum.

USDTRY is trading sideways around the 45.90 level, with the RSI at 49.4, indicating neutral territory. The MACD line remains below the signal line, suggesting potential short-term weakness. The Fed's focus on inflation may provide some support for the dollar, but the impact is likely limited. With technical indicators offering no clear direction, the market is expected to move within the current range. Investors may refrain from taking positions in the absence of a new catalyst.

The US Dollar Index (DXY) is trading at 99.02, down 0.51% over the past 24 hours. The RSI stands at 40.23, indicating weak momentum, while the MACD remains below its signal line and in negative territory, suggesting continued short-term bearish momentum. The price is trading below both the 20-day and 50-day moving averages, further weakening the technical outlook. Fed Governor Jefferson's emphasis on prioritizing the reduction of inflation to 2% may reinforce rate cut expectations, potentially weighing on the dollar. Therefore, further downside movement in the DXY is expected in the near term.