Trump Calls on Fed to Cut Interest Rates

Although the headline points to political pressure on the Federal Reserve's independence, the short-term impact on the market may remain limited. GOOGL's technical indicators present a mixed outlook: RSI is neutral at 48, MACD is below the signal line, and the price is just below the SMA20 and SMA50. The 1.18% gain over the last 24 hours has helped the price hold at 339.16, but no directional signal has emerged. News regarding the Fed's interest rate policy could affect overall market risk appetite, but it is far from a clear catalyst for GOOGL. Therefore, a sideways movement can be expected in the short term.

Trump's call for the Fed to cut interest rates could put pressure on the dollar, as such political interventions typically heighten concerns about the Fed's independence and reinforce expectations of monetary policy easing. Technically, the DXY is trading just below its 50-day moving average (99.18), which may act as resistance. The RSI is in neutral territory at 54.8, while the MACD is above its signal line but showing weak positive momentum. In the short term, the combination of news flow and technical resistance increases the likelihood of a downward move, but the decline is not expected to be sharp, as the market is somewhat accustomed to pricing in such rhetoric.