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Trump expected to sign executive order to reclassify marijuana as soon as Monday.

In an interview with the Wall Street Journal, the US President Donald Trump revealed that he is leaning on former Fed Governor Kevin Warsh and also on the National Economic Council Director Kevin Hassett to lead the Federal Reserve since May 2026.

Silver prices plunges after hitting an all-time high (ATH) of $64.65 losses 2.75% as investors book profits ahead of the weekend, as Federal Reserve officials remain divided about future monetary policy meetings. At the time of writing, XAG/USD trades at $61.84.

In an exclusive interview with The Wall Street Journal, President Trump revealed he is leaning toward nominating either former Fed governor Kevin Warsh or National Economic Council Director Kevin Hassett as the next Federal Reserve Chairman. Trump emphasized that his choice must be willing to lower interest rates and consult with him on monetary policy.

Key Takeaways:

• Top Contenders: Trump confirmed that Kevin Warsh and Kevin Hassett are at the top of his list, referring to them as “the two Kevins.” While Hassett was recently viewed as the front-runner, Trump stated that Warsh remains a top candidate.

• Consultation on Rates: Breaking from recent tradition, Trump believes the next Fed Chair should consult with the President on interest rate decisions. He argued, “I’m a smart voice and should be listened to.”

• Aggressive Rate Cuts: Trump outlined a desire for significantly lower borrowing costs, stating he wants interest rates to be at 1% or lower a year from now to help reduce the cost of financing the $30 trillion national debt.

• Litmus Test for Warsh: During a recent meeting, Trump reportedly pressed Warsh on whether he could be trusted to support interest-rate cuts. Trump noted in the interview, “He thinks you have to lower interest rates.”

• Past Regrets: Trump expressed frustration over his 2017 appointment of current Chair Jerome Powell, stating he was given a “bad recommendation” at the time and wants to be more careful with this selection.

• Other Potential Candidates: While focused on Warsh and Hassett, the administration has also vetted current Fed governors Christopher Waller and Michelle Bowman.

Polymarket’s had Hassett as the favorite at the mid 80% last week, but that number has been reduced to 66% currently. Warsh meanwhile has moved up to 31%

This article was written by Greg Michalowski at investinglive.com.

In an exclusive interview with The Wall Street Journal, President Trump revealed he is leaning toward nominating either former Fed governor Kevin Warsh or National Economic Council Director Kevin Hassett as the next Federal Reserve Chairman. Trump emphasized that his choice must be willing to lower interest rates and consult with him on monetary policy.

Key Takeaways:

• Top Contenders: Trump confirmed that Kevin Warsh and Kevin Hassett are at the top of his list, referring to them as “the two Kevins.” While Hassett was recently viewed as the front-runner, Trump stated that Warsh remains a top candidate.

• Consultation on Rates: Breaking from recent tradition, Trump believes the next Fed Chair should consult with the President on interest rate decisions. He argued, “I’m a smart voice and should be listened to.”

• Aggressive Rate Cuts: Trump outlined a desire for significantly lower borrowing costs, stating he wants interest rates to be at 1% or lower a year from now to help reduce the cost of financing the $30 trillion national debt.

• Litmus Test for Warsh: During a recent meeting, Trump reportedly pressed Warsh on whether he could be trusted to support interest-rate cuts. Trump noted in the interview, “He thinks you have to lower interest rates.”

• Past Regrets: Trump expressed frustration over his 2017 appointment of current Chair Jerome Powell, stating he was given a “bad recommendation” at the time and wants to be more careful with this selection.

• Other Potential Candidates: While focused on Warsh and Hassett, the administration has also vetted current Fed governors Christopher Waller and Michelle Bowman.

Polymarket’s had Hassett as the favorite at the mid 80% last week, but that number has been reduced to 66% currently. Warsh meanwhile has moved up to 31%

This article was written by Greg Michalowski at investinglive.com.

A Week of Two Halves

The USDJPY has settled the North American session marginally higher on the day, capping off a week defined by up-and-down volatility.

• The Lows: Sellers controlled the early action, pushing the price to a weekly low of 154.89 during Monday’s session.

• The Highs: Buyers fought back mid-week, driving the pair to a peak of 156.95 late Tuesday into early Wednesday.

• The Settle: As the dust settles, the price is currently trading near 155.81. Interestingly, this is almost perfectly aligned with the 155.92 midpoint of the entire week’s trading range, signaling a market in equilibrium as traders head into the weekend.

The Technical Battleground: 100 vs. 200 Hour MAs

Heading into the new trading week, the technical picture is tightening. The price is currently “squeezed” between two critical technical indicators on the hourly chart. These moving averages will act as the primary barometers for sentiment:

• Resistance (The Ceiling): The 100-hour moving average is currently sitting just above at 156.06.

• Support (The Floor): The 200-hour moving average is providing immediate support below at 155.68.

The proximity of these two levels suggests a breakout is imminent. Whichever line breaks first will likely dictate the directional bias for the start of next week.

Next Week’s Game Plan: Key Levels to Watch

Traders should watch the break of this moving average “sandwich” to define their risk and targets.

The Bullish Scenario:

• Trigger: If the price moves and stays above the 100-hour moving average (156.06), the bullish bias increases.

• Target 1: Momentum to the upside would have traders targeting the resistance zone between 156.57 – 156.73.

• Target 2: A break there opens the door for a retest of the weekly high near 156.95.

The Bearish Scenario:

• Trigger: If the price moves and stays below the 200-hour moving average (155.68), the bearish bias takes control.

• Target 1: Downside momentum would initially target the psychological 155.00 level.

• Target 2: A break below that handle exposes the swing area between 154.40 and 154.47.

Watch the Video Analysis:
In the video above, I (Greg Michalowski, author of Attacking Currency Trends) break down the technical factors driving the move, outline where the risk is, and map out the next targets that matter most for USDJPY traders.

Be aware. Be prepared.

This article was written by Greg Michalowski at investinglive.com.

Weekly Price Action

Crude oil futures settled the week on a soft note, closing at $57.44, down $0.16 or -0.28% for the day. For the week, the commodity saw significant selling pressure:

• Weekly Change: Down -4.54%, a decline of $3.12.

• The Highs: The week’s high was reached on Monday at $60.30.

• The Lows: Sellers pushed the price to a weekly low of $57.01 during Thursday’s trade.

The Fundamental Story

The sharp 4.5% drop this week was driven by a “perfect storm” of bearish supply data and easing geopolitical risk premiums that overpowered localized disruptions.

• The Supply Glut Narrative: The primary weight on prices this week was the growing consensus of a massive supply surplus heading into 2026. The International Energy Agency (IEA) released a report forecasting a record oil glut for next year, driven by surging production from non-OPEC nations (like the U.S. and Canada) outpacing global demand.

• Geopolitical Risk Fade (Ukraine): Traders began removing the “war premium” from oil prices as peace talks regarding Ukraine gained traction. Reports that the White House is sending a representative to Europe for negotiations signaled a potential de-escalation, which reduced the fear of sudden supply shocks from the region.

• Production Restorations: Adding to the bearish supply picture, Iraq successfully restored production at a key oilfield that accounts for roughly 0.5% of global supply, further easing tightness in the physical market.

• Limited Support from Disruptions: There were bullish factors, but they failed to turn the tide. The U.S. seized a Venezuelan oil tanker, and Ukraine struck another vessel in Russia’s “shadow fleet,” but market participants largely ignored these supply threats, focusing instead on the broader macro picture of oversupply.

Technical Analysis: Testing Critical Support

The price action is currently testing a critical floor on the hourly chart, focusing on a low swing area between $57.10 and $57.39. This zone is now the “line in the sand” for near-term direction.

The Bearish Scenario (Breakdown):

• Trigger: Getting and staying below the $57.10 – $57.39 support zone would significantly increase the bearish bias.

• Target: A confirmed break here would have traders looking toward the October low at $55.96 as the next major downside objective.

The Bullish Scenario (Hold & Bounce):

• Trigger: If the price can hold support in this swing area, buyers may look to rotate back higher.

• Target: The immediate upside target is $58.13.

• Key Resistance: Traders must also watch the falling 100-hour moving average, currently at $58.28, which is moving quickly toward that $58.13 level and will act as a stiff ceiling for any recovery.

This article was written by Greg Michalowski at investinglive.com.