USA
Global markets are closing the week on a cautious note. A sharp decline in regional bank stocks in the US and growing concerns about credit quality have driven investors to safe havens. The MSCI Asia Pacific Index fell 0.8%, while the Hong Kong stock market fell 1.6%, led by technology stocks. US futures are down 0.4%, and European markets are also expected to open weakly. The US Regional Banks Index fell 6.3%, its steepest decline since April, after banks like Zions Bancorp and Western Alliance announced loan losses. Gold and silver rose to record highs, while US treasuries saw strong demand, with the 10-year Treasury yield falling to 3.94%. The dollar index fell, while the yen strengthened below 150, and the Swiss franc also appreciated. Analysts say these moves reflect a risk-off trend due to a erosion of market confidence rather than a systemic collapse. On the geopolitical front, the planned meeting between US President Trump and Russian President Putin in Budapest, as well as Trump's preparations for a meeting with Ukrainian leader Zelenskyy, are on the agenda. News that the White House is preparing to ease tariffs on the US automotive sector is providing some support for sector stocks. Meanwhile, the re-escalation of US-China trade tensions is increasing selling pressure in Asia and emerging markets. On the corporate front, Meta Platforms is preparing to finalize a massive financing package of approximately $30 billion for a data center investment in Louisiana. Apple is preparing to launch its first touchscreen Mac model in years, while Nintendo aims to produce 25 million Switch 2 units by March 2026. Oil prices are set to close a third week lower amid concerns about oversupply, with Brent crude trading around $61. This marks the end of a week marked by investors averse to risk and flocking to safe havens, while uncertainty and cautious pricing prevail in global markets.

Eurozone
European stock markets are set to open the final trading day of the week with sharp declines. A global sell-off accelerated after two regional banks in the US announced credit losses and allegations of fraud. This development, echoing the banking crisis of 2023, has rekindled investor concerns about a new wave of stress in the credit market. Markets are growing concerned that financial difficulties in the US could tighten global credit conditions and weaken risk appetite. Political developments in Europe are also being closely watched. In France, Prime Minister Sébastien Lecornu's government narrowly avoided collapse by passing a confidence vote, but the possibility of an early general election or a potential presidential election remains uncertain. This situation, combined with global risks stemming from regional banks, has weakened investor confidence. In futures, the Euro Stoxx 50 and Stoxx 600 declined by %1 and %1.1, respectively, while European indices are expected to open the day lower.

Türkiye
US President Trump has called for an end to the war between Russia and Ukraine and stated that he plans to meet with Putin within two weeks. Trump has repeatedly called on Putin to end the war, stating that he will impose sanctions on Russia if he doesn't. The meeting, expected to take place within two weeks, will be on the market agenda. Domestically, the Central Bank of the Republic of Turkey (CBRT) will be closely watched next week, with the CBRT's interest rate decision on Thursday, October 23rd. Türkiye's credit rating and assessment report is expected to be released today by S&P. The CBRT market participant survey will also be released. Construction permits and housing starts in the US will be monitored. The USD/TRY exchange rate is trading around 41.94 as of 8:00 this morning, while the dollar index is around 98.15.

EUR/USD
The euro strengthened against the dollar, reaching 1.17 after the French government passed a confidence vote. Meanwhile, Powell's weakening workforce
The dollar remained under pressure as China's emphasis on the market and the Fed signaled a slowdown in the economy. Meanwhile, China's exports of rare earth elements have been revived.
Trump and Xi are expected to meet in South Korea this month as restrictions escalate US-China trade tensions. Intraday technical levels:
Supports: 1.1707 – 1.1674 – 1.1654
Resistances: 1.1727 – 1.1761 – 1.1780

GBP/USD
The British pound remained above $1.34 after GDP data came in line with expectations. The economy grew by 0.1% in August.
recovered from the July contraction, but the annual increase of %1.3 was not enough to maintain fiscal discipline. Finance Minister Rachel Reeves' tax increases and spending
At a time when the Bank of England is considering interest rate cuts, investors are increasing their expectations that the Bank of England will cut interest rates next year, while the IMF is looking at inflation.
He warned that it will remain at the highest level within the G7. Intraday technical levels are as follows:
Supports: 1.3401 – 1.3366 – 1.3340
Resistances: 1.3462 – 1.3488 – 1.3523

XAU/USD
Gold closed the week at $4,360 an ounce as investors continued to seek safe havens amid rising economic uncertainty.
It is on track to close with its strongest gains since 2020. US-China trade tensions and the risk of a government shutdown are pushing prices higher, while Powell's weakening workforce
piyasasına dair açıklamaları Fed’den bu ay 25 baz puanlık faiz indirimi beklentisini güçlendirdi. Bu yıl %60’tan fazla değer kazanan altın, **merkez bankası alımları
It's trading near record highs thanks to ETF inflows and demand for safe assets. Intraday technical levels include:
Supports: 4286 – 4242 – 4155
Resistors: 4373 – 4417 – 4504

XAG/USD
Silver is poised to close the week with a gain of approximately %8, continuing its run at historic highs above $54 per ounce. The tightening global supply and
Prices, which were supported by rising safe-haven demand, were further boosted by credit market concerns triggered by the announcement of credit problems by two regional banks in the US.
The US-China trade tension, the government shutdown crisis, the Fed's potential interest rate cuts and the historic supply pressure caused by the liquidity squeeze in the London market,
Global demand for silver has rapidly increased, pushing prices to record levels. Intraday technical levels include:
Supports: 53.54 – 52.93 – 51.80
Resistances: 54.67 – 55.29 – 56.42

Brent Crude Oil
Brent crude fell below $61 a barrel, continuing its five-month lows and its longest weekly decline since March.
Investors are looking to global markets on the expectation that a meeting between Trump and Putin in the coming weeks could ease restrictions on Russian oil supplies.
focused on the risk of oversupply. US stockpiles have risen by 3.5 million barrels, India plans to reduce its purchases of Russian oil rather than halting it entirely, and
Ongoing US-China trade tensions have exacerbated concerns about energy demand, increasing pressure on prices. Intraday technical levels:
Supports: 60.29 – 59.61 – 58.39
Resistances: 62.19 – 63.41 – 64.09

Crude Oil
WTI crude is hovering near a five-month low at $57 a barrel, heading into its longest weekly decline since March.
Investors are hedging their bets on the risk of a global oversupply on expectations that a planned meeting between Trump and Putin could ease restrictions on Russian oil supplies.
The 3.5 million barrel increase in US inventories, India's plan to reduce Russian oil imports rather than halt them entirely, and the ongoing US-China trade tensions are all reinforcing the weak demand outlook and increasing downward pressure on prices.
Intraday technical levels:
Supports: 56.25 – 55.59 – 54.41
Resistances: 58.08 – 59.26 – 59.92

Nasdaq Near Term
Futures in the US were slightly lower, with the Nasdaq Composite index down %0.47 on weakness in technology stocks. Rising regional banks
Credit problems and the announcement of non-performing loans by Zions Bancorp and Western Alliance have revived widespread credit risk concerns in the markets. As the US-China trade war and the government shutdown fuel uncertainty, investors will continue to watch regional banks' balance sheets and the market's volatility for the rest of the week.
closely monitored. Intraday technical levels:
Supports: 24389 – 24159 – 23854
Resistors: 24925 – 25230 – 25461

Dow Jones Near Term
US index futures were weaker, with the Dow Jones Industrial Average (DJ30) falling 0.65% on Thursday, led by financial stocks.
Zions Bancorp and Western Alliance announced their troubled loans, raising investor concerns about the regional banking system,
The sell-off was triggered by global risk aversion as the Dow stocks approached the end of the week, as uncertainty over US-China trade tensions and the government shutdown crisis continued.
was among those most affected by the trend. Intraday technical levels;
Supports: 45625 – 45333- 44910
Resistors: 46339 – 46762 – 47054

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