Fed Chair Warsh: Inflation Has Been High for a Long Time, Rate Hike Is the Right Step

Fed Chair Warsh's statement that inflation has been high for a long time and that a rate hike is the right step can be considered a hawkish signal for the USD. This could create upward pressure on the USDTRY pair. However, technical indicators are mixed: RSI is neutral at 45, MACD is below the signal line, and the price is just below the SMA20 and SMA50. The slight decline and weak momentum over the past 24 hours may limit the impact of the news. A moderate upward move is possible in the short term, but the 48.65 resistance level needs to be surpassed.

Fed Chair Warsh's rate hike signal is a negative development for gold. RSI at 39 indicates weak momentum and is below the MACD signal line. The price is well above the SMA20 and SMA50, increasing the risk of a correction after overbought conditions. In the short term, downward pressure can be expected within 1-3 days. However, due to geopolitical risks and inflation uncertainty, the decline may remain limited.

Fed President Warsh’s hawkish remarks could generate a short‑term upward move in the U.S. dollar index (DXY). However, the 14‑period Relative Strength Index (RSI14) sits at 81.77, indicating an overbought condition, and the price remains above both the 20‑period and 50‑period simple moving averages (SMA20/50), suggesting that any rally may be limited. The MACD is above its signal line, confirming positive momentum, but the overbought environment heightens the risk of profit‑taking. Consequently, a moderate upward trend is expected over a 1‑ to 3‑day horizon, though volatility could remain high. Investors should monitor resistance levels and potential pullbacks closely.