What Happened?
• Fed minutes showed that officials remained cautious despite the reduction.

• Fed Minutes: Most participants assessed that downside risks to employment have increased, while upside risks to inflation have decreased or not increased.

• Fed minutes: The majority of participants highlighted the upside risk to inflation outlooks.

• Hamas: We submitted the list of Palestinians scheduled to be released.

• Israeli Defense Minister Katz expressed his satisfaction with the ceasefire agreement reached between Hamas and Israel in Gaza.

• Qatar: Agreement reached on the first phase of the ceasefire agreement in Gaza.

• IMF Managing Director Georgieva stated that they predict that global economic growth will slow down slightly this year and next year.

EURUSD
The parity started the new trading day with a limited positive trend. The parity started the new trading day at 1.162 and tested 1.164 in the following trading hours. The European Central Bank meeting minutes will be released today at 13:30 Turkish time for the parity, which has maintained a volatile outlook in the last 4 months. On the other hand, the speech by Fed Chair Powell at 15:30 Turkish time will have a significant impact on the parity, which has lost nearly 1 percent since the beginning of the week. In Europe, the government crisis continues in France. Political instability continues in France, which has changed its Prime Minister many times before. The President of the European Commission said yesterday that "Every square centimeter of our territory is important" and that regarding the drone attacks, these attacks were carried out deliberately and that Europe's resilience was being tested. Geopolitical risks and economic data flow will be closely monitored. Technically; The levels 1.1649 – 1.1730 – 1.1780 can be followed as resistance points, while the levels 1.1573 – 1.1490 – 1.1406 can be followed as support points.

Resistance 1– 1.1649
Resistance 2– 1.1730
Resistance 3– 1.1780

Support 1– 1.1573
Support 2– 1.1490
Support 3– 1.1406

OIL
Oil started the new trading day with a mixed trend. Crude, which started the new trading day at 62.39, maintained its mixed outlook in the following trading hours. It is a significant day for oil, which has been trading in a narrow range in the past period, in terms of geopolitical risks. US President Donald Trump announced that he signed the first phase of the peace plan between Israel and Hamas late last night (UTC time). The peace declaration was signed as the first phase in the war between Hamas and Israel that has been going on for months. On the other hand, the data released yesterday for Crude Oil Inventories came in well above expectations. While the expectation was 2.25 million barrels, the released data set showed that demand for oil decreased and was announced as 3.75 million barrels. Following the data, oil displayed quite volatile outlook during the session. Geopolitical risks and economic data flow will be closely monitored. If we examine the Crude product technically; The levels 62.98 – 64.06 – 65.07 can be followed as resistance points, and the levels 61.65 – 60.59 – 59.45 can be followed as support points.

Resistance 1–62.98
Resistance 2–64.06
Resistance 3–65.07

Support 1–61.65
Support 2–60.59
Support 3- 59.45

Gold
Safe haven gold started the new trading day on a sell-off note after a long period. Gold opened at $4,041, retreating to $4,001 later in the day. However, its mixed trend continued as Asian markets opened. Last trading day, it tested its new all-time high of $4,059. The minutes of the Fed's meeting, a key factor for gold, were released at 10:00 PM Turkish time. A brief review of the minutes reveals that inflation concerns remain, with not all officials agreeing. Most officials unanimously agreed that downside risks to employment have increased, while upside risks to inflation have either not increased or decreased. It's clear that the risk of inflation remaining at these levels is less significant than the risk of a decline in employment. Therefore, the Unemployment Rights data, to be released today at 3:30 PM Turkish time, is of significant importance. Meanwhile, US President Donald Trump has taken the first step toward peace between Hamas and Israel. The US budget crisis, geopolitical risks, and economic data flow will be closely monitored. Technically, resistance levels at 4040 and 4060 can be monitored, while support levels at 4000, 3975, and 3950 can be monitored.

Resistance 1– 4040
Resistance 2 – 4060

Support 1–4000
Support 2–3975
Support 3–3950

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