DOJ Subpoenas Fed Chair Powell, Raising Concerns Over Political Interference
- Political Interference Concerns: The DOJ's issuance of subpoenas to Fed Chair Powell raises significant questions about the independence of the Federal Reserve, indicating that political pressure could threaten market stability.
- Impact on Rate Policies: Powell emphasized that the subpoenas are linked to interest rate setting, suggesting underlying political motives that may undermine market confidence in the Fed's policies.
- Historical Precedents: Powell referenced past instances, notably during Nixon's era, where political pressures were similarly applied, underscoring the critical importance of policy independence for market stability.
- Crypto Market Reactions: Analysts warn that challenges to the Fed's autonomy could alter interest rate expectations, impacting both cryptocurrency markets and trust in fiat currencies, highlighting the profound influence of macroeconomic factors on market dynamics.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0482 | 0.0886 | 0.132 | 0.172 | 0.215 | 0.255 | 0.298 |
| Fibonacci | 0.0886 | 0.12 | 0.14 | 0.172 | 0.204 | 0.224 | 0.255 |
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