Dramatic Change: Kevin Hassett's Chances for Fed Chair Diminish Due to Concerns Over Independence
Shifting Fed Chair Odds: Kevin Hassett's chances of becoming Fed Chair have significantly decreased from over 80% to 31% due to concerns about his close ties with Donald Trump potentially undermining the Federal Reserve's independence.
Market Implications: The uncertainty surrounding the Fed Chair nomination could lead to increased volatility in financial markets, affecting interest rates, currency values, and the attractiveness of alternative assets like Bitcoin.
Importance of Fed Independence: The credibility of the Federal Reserve hinges on its perceived independence from political influence, which is crucial for maintaining stable inflation expectations and investor confidence.
Monitoring Future Developments: Investors should keep an eye on market reactions to potential nominees and their views on monetary policy, as these factors will significantly impact both traditional and cryptocurrency markets.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP 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, TRUMP 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 $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.545 | 2.283 | 3.045 | 3.783 | 4.545 | 5.283 | 6.045 |
| Fibonacci | 2.283 | 2.856 | 3.21 | 3.783 | 4.356 | 4.71 | 5.283 |
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