Fed Chair Warsh: Forward Guidance Policy Has Ended

Federal Reserve Chairman Warsh's announcement that the era of forward guidance has ended could create uncertainty in the markets and reduce risk appetite. GOOGL shares are trading below their 20-day moving average (369.28), with an RSI of 45 indicating weak momentum. The MACD remains below the signal line, suggesting that selling pressure may persist in the near term. However, the stock is hovering near its 50-day moving average (363.48), which could act as a support level. Overall, due to the negative sentiment from the news and technical weakness, a short-term bearish trend is expected.

The DXY shows potential for a short-term pullback as the RSI14 enters overbought territory at 77.68, with a 0.82% gain over the past 24 hours. Fed Chairman Warsh's announcement that verbal guidance has ended may lead the market to reprice interest rate expectations, potentially weakening the dollar. While the MACD remains bullish, overbought conditions and uncertainty from the news support a bearish correction. Although the index remains above the SMA20 and SMA50, keeping the medium-term trend strong, profit-taking is expected in the near term.

Fed Chair Warsh's announcement that the forward guidance policy has ended could increase market uncertainty and create selling pressure in the short term. The SPX is trading below its 20-day moving average (7524.67), and the RSI at 35.86 is approaching oversold territory. The MACD remains below the signal line, indicating weak momentum. However, the 50-day moving average (7428.99) may provide support at nearby levels. The short-term downtrend may continue, but oversold conditions could limit the pace of the decline.