Global Markets Mixed: Nvidia CEO Resignation and Fed Expectations

The resignation of Nvidia's CEO implies high uncertainty and leadership risk for the company; such news tends to create selling pressure in the short term. The technical picture is also weak: the price is below the 20- and 50-day moving averages, MACD is in negative territory, and RSI at 36 indicates weakness. A 5.5% drop in 24 hours confirms downward momentum. However, RSI approaching oversold territory and mixed Fed expectations suggest the sharp decline may be limited. Therefore, the 1-3 day outlook is bearish but not with high confidence.

The DXY is trading flat at 103.18; although RSI at 64.5 is approaching overbought territory, no confirmation has yet emerged. MACD is slightly below its signal line, and momentum is weak. A resignation by Nvidia's CEO could dampen risk appetite and provide limited support to the dollar through safe-haven demand; however, uncertainty over Fed expectations is increasing. Holding above the SMA20 and SMA50 is technically mildly positive, but the news flow is creating directional uncertainty. In the short term, fluctuation within the 103.0-103.5 band is likely.

The headline does not point directly to USD/JPY but rather signals overall risk appetite. Nvidia’s CEO resignation could spark risk‑aversion, while Fed expectations remain ambiguous, offering no clear direction for the dollar. Technically, the price sits above both the 20‑day and 50‑day simple moving averages; the RSI is at 66, close to the over‑bought threshold, and the MACD is slightly above its signal line. Momentum is positive, yet there is a risk of fatigue. The 160 level could serve as a psychological resistance, potentially triggering profit‑taking. Consequently, a horizontal, range‑bound outlook for the next 1–3 days appears more likely. Without a decisive breakout, I am not recommending a strong directional trade.

USDTRY technical outlook is moderately positive: the price is above the SMA20 and SMA50, RSI at 61 is close to overbought territory but not yet there, and MACD is above its signal line. The news headline gives mixed signals regarding global risk appetite; while the Nvidia CEO's resignation could increase risk aversion, Fed expectations are making the dollar's direction uncertain. Since local factors are the main determinants for USDTRY, the direct impact of this headline may remain limited. In the short term, the 50.27-50.35 band can be monitored as support, with 50.50 as resistance above. As the direction is not clear, a neutral stance is appropriate.