Fed's $2.5B Renovation Over Budget by $700M, Powell Faces Political Scrutiny
- Renovation Budget Review: The Federal Reserve's renovation project under Chairman Powell has a budget of $2.5 billion, with cost overruns of $700 million; while no criminal investigation exists, political scrutiny may impact Powell's leadership role, potentially affecting monetary policy decisions.
- Tense Political Environment: Donald Trump has criticized Powell's management, and although Powell emphasizes cost reductions and disputes claims of luxury add-ons, the tense political climate could lead to market reactions regarding Fed policy, particularly in the cryptocurrency sector.
- Market Volatility Analysis: Bitcoin remains steady at $90,709.39 despite a 21.29% decline over the past 90 days, with a 40.80% surge in 24-hour trading volume, indicating ongoing market volatility that may be linked to potential changes in Fed policy.
- Historical Context Review: Historically, political pressures, such as during the Nixon administration, have influenced Fed leadership, and while the current situation lacks a criminal context, it could still have significant implications for monetary policy.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 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 | 1.511 | 2.266 | 3.091 | 3.846 | 4.671 | 5.426 | 6.251 |
| Fibonacci | 2.266 | 2.869 | 3.242 | 3.846 | 4.449 | 4.822 | 5.426 |
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