U.S. Supreme Court Likely to Deny Trump's Request to Dismiss Fed Governor Lisa Cook
- Court's Clear Stance: The U.S. Supreme Court appears unlikely to grant Trump's immediate request to dismiss Federal Reserve Governor Lisa Cook, underscoring the tension between presidential power and Fed independence, which may influence future governance and market stability.
- Trump's Dismissal Attempt: Trump's move to remove Cook based on alleged mortgage fraud, despite a lack of evidence, faces skepticism from the court regarding his removal power, potentially leading to uncertainties in financial governance.
- Importance of Fed Independence: Trump's attempt marks the first time a sitting president has sought to remove a Fed board member, highlighting significant tensions between executive powers and monetary policy autonomy, with historical precedents affirming the necessity of central bank independence for balanced regulatory and economic policies.
- Market Impact Analysis: While this case may not directly affect cryptocurrencies, its broad implications for market stability and policy are significant, as the Coincu research team suggests that attempts to undermine Fed independence could lead to unpredictable financial outcomes.
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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 | 1.542 | 2.281 | 3.042 | 3.781 | 4.542 | 5.281 | 6.042 |
| Fibonacci | 2.281 | 2.854 | 3.208 | 3.781 | 4.354 | 4.708 | 5.281 |
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