Trump Criticizes Fed After Warsh's Support for Rate Hikes

The news highlights political pressure on the Fed and expectations of a rate hike, which is a mildly negative signal for risk assets. GOOGL's technical indicators are mixed: RSI at 49 is neutral, MACD is below its signal line, and the price is just below the SMA20 but above the SMA50. Short-term downward pressure may build, but there is no clear trend signal. I anticipate a downward bias with low confidence.

DXY is at 100.30 and shows a strong trend with a 0.57% rise in 24 hours. With an RSI of 76, it is in overbought territory, which carries some risk of a short-term pullback, but the trend remains strong. MACD is above the signal line and the price is above SMA20 and SMA50, indicating a positive technical outlook. Trump's criticism of the Fed and Warsh's support for rate hikes could strengthen rate hike expectations and support the DXY. However, the impact of the news may be limited; the upward trend could continue in the 1-3 day horizon.

The news reflects Trump's criticism of the Fed and Warsh's support for a rate hike; this could increase concerns about the Fed's independence and create short-term pressure on the dollar. However, in USDJPY, the RSI is near the overbought zone at 69, and the price is above the SMA20 and SMA50, indicating the current trend is strong. The MACD is positive and above the signal line, suggesting momentum is still bullish. The impact of the news may be limited because the market is focused on Fed policies and the rate hike expectation may already be priced in. Nevertheless, potential weakness in the dollar index could support the JPY and trigger a downward correction in the pair; therefore, I assess the direction as 'up' but with low confidence.

Trump's criticism of the Fed and Warsh's support for rate hikes could increase concerns about Fed independence, putting pressure on the dollar. This could support an upward movement in USDTRY. Technical indicators also confirm the bullish trend: price is above SMA20 and SMA50, RSI at 56 is in neutral-positive territory, and MACD is above the signal line. However, the 24-hour change is very limited (0.04%) and the news impact may be limited. I expect moderate upward pressure in the short term, but volatility may increase.