Fed's Schmid: Inflation Worrisome, Policy Focus

A Federal Reserve official's emphasis on inflation concerns could weaken expectations for interest rate cuts, potentially dampening risk appetite. GOOGL stock is trading below its 20- and 50-day moving averages, and while the RSI at 35 approaches oversold territory, momentum remains weak. The MACD line is below the signal line, and the downward trend persists. Selling pressure is likely to continue in the short term, but the low RSI level could open the door for a sudden rebound buying.

Hawkish inflation remarks from a Fed official could provide short-term support for the DXY. On the technical side, the RSI stands at 54.6, showing a slight upward bias in neutral territory, while the MACD remains above its signal line, indicating a positive outlook. The price is trading above both the SMA20 and SMA50, suggesting short-term upward momentum. However, it should be noted that the upside may be limited, with resistance likely in the 100.70–100.80 range. Overall, while the news and technical data are aligned, excessive gains are not expected.

Fed official Schmid's emphasis on inflation concerns could weaken market expectations for interest rate cuts and negatively impact risk appetite in the short term. Although the RSI on the SPX is at 47, indicating a neutral zone, the price remaining below the 20-day moving average (7551) signals weakness. The MACD line is below the signal line, suggesting downward momentum. The uncertainty created by the news, combined with the current weakness in technical indicators, increases the likelihood of the index testing the 50-day moving average (7534) level in the short term.

A Fed official's emphasis on inflation concerns could weaken market expectations for interest rate cuts and negatively impact risk appetite. NDX closed at 29,035, trading below its 20-day and 50-day moving averages (29,382 and 29,437, respectively). While the RSI at 37 is approaching oversold territory, the MACD line remaining below the signal line and in negative territory suggests that short-term bearish momentum may persist. Given the combination of news flow and technical outlook, NDX is likely to face further pressure over the next 1-3 days.