USA
Küresel piyasalarda risk iştahı zayıfladı. Geride bıraktığımız gün Dow Jones endeksi 320 puan, S&P 500 %0,4 ve Nasdaq %0,9 düşerken, yatırımcılar karmaşık bilançolar ve ABD-Çin ticaret gerilimi haberlerini sindirmeye çalıştı. Reuters’ın Beyaz Saray’ın ABD yazılımlarıyla üretilen ürünlerin Çin’e ihracatına kısıtlama getirmeyi değerlendirdiğini bildirmesi, piyasalarda tedirginliği artırdı. Şirket bazında, Netflix Brezilya’daki vergi anlaşmazlığı nedeniyle %10, Tesla batarya sorunlarına dair haberlerle %1,4, Texas Instruments zayıf beklentiler sonrası %5,9 değer kaybetti. Intel, AMD ve Micron gibi yarı iletken hisseleri de geriledi. Buna karşın, Raytheon Technologies güçlü savunma satışlarıyla %2 yükselirken, Intuitive Surgical çeyrek sonuçlarının ardından %14’ü aşan prim yaptı. Asya tarafında, haftanın başında rekor seviyelere ulaşan endeksler kazançlarını koruyamayarak geriledi; MSCI Asya endeksi %0,6 düştü. Trump yönetiminin Çin’e yönelik ihracat kısıtlamaları endişe yaratırken, Pop Mart International Group hisseleri %11 değer kaybetti. Altın üç gündür düşüşünü sürdürerek 4.000 doların altına gerilerken, petrol fiyatları ABD’nin Rus enerji devlerine yönelik yaptırımları sonrası %3 yükseldi. Japonya’da Nikkei 225 endeksi %1,3 gerilerken, SoftBank, Disco Corp. ve Tokyo Electron hisseleri kayıplara öncülük etti. Güney Kore Merkez Bankası faiz oranını sabit tutarken, yeni Başbakan Sanae Takaichi enflasyona karşı yeni teşvik paketi hazırlıklarına başladı. Dolar endeksi 99’un üzerine çıkarak önceki kayıplarını telafi etti. Yatırımcılar, hükümetin üç haftadır süren kapanması nedeniyle veri akışının kısıtlandığı ortamda, Cuma günü açıklanacak Eylül enflasyon raporuna odaklandı. Fed’in gelecek hafta 25 baz puanlık faiz indirimi yapması, Aralık ayında ise bir indirim daha gerçekleştirmesi bekleniyor. Başkan Trump’ın Xi Jinping ile görüşmesinin “planlandığını” açıklaması, ABD-Çin ilişkilerindeki gerginliği kısmen hafifletirken, sterlin ve yen’deki zayıflık dolara destek verdi.

Eurozone
As investors continue to focus on the earnings season, European stock markets are expected to open near-flat on Thursday. Results are expected from major companies like financial and industrial giants Unilever, Lloyds Banking, and Dassault Systèmes. In the automotive sector, Renault reported increased sales in the third quarter, fueled by strong demand for its new models and increased revenue from its financial services division. Similarly, Volvo Cars and Nokia reported profits that exceeded expectations. Meanwhile, the Trump administration's blacklisting of Russia's two largest oil producers, Rosneft and Lukoil, was widely seen as a move to pressure peace talks in Ukraine. These developments led to steady trading for the Euro Stoxx 50 and Stoxx 600 futures indexes in the morning.

Türkiye
Yesterday, data flow in Turkey and the US was quiet, while the exchange rate saw a sideways trend with low volatility. All eyes are on the Central Bank of the Republic of Turkey (CBRT) interest rate decision today. We expect the policy rate to remain unchanged. Markets will closely monitor the message in the decision. Following the inflation data that exceeded expectations, the CBRT's communication will be crucial. The key US data will be the September inflation figures, which will be released tomorrow. While the US government remains closed since October 1st, markets are watching the US-China trade negotiations and the Fed's pricing of two interest rate cuts for the remainder of the year. The USD/TRY exchange rate is trading sideways around 41.98 as of 8:00 this morning, while the dollar index is around 99.04.

EUR/USD
The euro fell below $1.16 as investors awaited US inflation data and European leading PMI indicators. The US dollar was also affected by Trump's perceived lack of a good trade with Xi Jinping.
He was supported by the Fed's statement that he expected a deal. Weak UK inflation has raised expectations of a BoE rate cut, with the Fed expected to cut interest rates by 25 basis points in October.
It is considered certain. Intraday technical levels;
Supports: 1.1581 – 1.1556 – 1.1535
Resistances: 1.1627 – 1.1647 – 1.1672

GBP/USD
Sterling fell to $1.33, its weakest point in a week, after UK inflation data fell short of expectations.
While headline inflation remained stable at %3.8, core inflation fell to %3.5, strengthening the possibility of an early interest rate cut by the BoE.
As the deficit widens, markets anticipate that interest rate cuts may begin early next year. Intraday technical levels:
Supports: 1.3310 – 1.3267 – 1.3229
Resistances: 1.3392 – 1.3430 – 1.3473

XAU/USD
Gold prices fell to around $4,080 an ounce on Thursday, continuing their decline over the last three sessions and falling from record levels seen in recent weeks.
down. Optimism regarding a potential trade deal between the US and China weakened safe-haven demand, adding to selling pressure. Despite this, the
%55 ve bu ay %5 yükselişte olan altın, Fed’in yıl sonuna kadar iki faiz indirimi yapacağı beklentileri ve jeopolitik gerilimlerden destek bulmaya devam ediyor. Gün
internal technical levels;
Supports: 4014 – 3930 – 3856
Resistors: 4171 – 4244 – 4328

XAG/USD
Silver recovered some of its losses from earlier in the week, rising above $49 an ounce on Thursday. US software exports to China
Plans to curb restrictions and sanctions against Russian energy giants have boosted safe-haven demand, supporting prices. However, silver fell to a record high last week.
seviyelerin yaklaşık %10 altında kalmaya devam ederken, yükselişini sanayi talebindeki artış beklentisi ve arz daralması yönündeki endişeler güçlendirdi. Gün içi
as technical levels;
Supports: 47.52 – 46.58 – 45.70
Resistances: 49.34 – 50.21 – 51.15

Brent Crude Oil
Brent crude prices rose more than $%3 on Thursday, reaching a two-week high above $64 a barrel. The rise was driven by the U.S.
Russia has imposed sanctions on major oil companies Rosneft and Lukoil, a move to increase pressure on the Kremlin. These two companies are responsible for Russia's oil
accounts for about half of its exports, following new sanctions, Trump announced plans to negotiate with China and India on oil purchases; at the same time
At the same time, the EU is preparing to adopt a new sanctions package banning Russian LNG imports. Intraday technical levels:
Supports: 64.54 – 63.76 – 62.47
Resistances: 65.24 – 65.90 – 66.60

Crude Oil
WTI crude oil rose more than %3 on Thursday to hit a two-week high above $60 a barrel.
It was triggered by the US attempt to pressure the Kremlin over Ukraine by imposing sanctions on Russia's largest oil producers, Rosneft and Lukoil.
Following the sanctions, Trump announced plans to discuss purchasing Russian oil with China and India, while the European Union also introduced new regulations banning Russian LNG imports.
in preparation for approving the sanctions package. Intraday technical levels:
Supports: 57.75 – 56.29 – 55.27
Resistances: 61.26 – 62.72 – 63.80

Nasdaq Near Term
The Nasdaq index edged ahead on Wednesday, falling 0.93% on Wednesday, driven by selling pressure from technology stocks. Tesla's mixed earnings results led to a post-session decline.
The index fell near %4 in trading and IBM fell more than %6 due to weak software revenue. Moderna and Lam Research, among others, pulled the index down.
Losses in technology-heavy stocks also accelerated the selling, while investors are approaching the weekend with new balance sheets and the CPI data to be released on Friday.
focused. Intraday technical levels;
Supports: 54619 – 54365 – 24088
Resistors: 25150 – 25427 – 25681

Dow Jones Near Term
The Dow Jones Industrial Average fell 320 points, or 0.71 points, on Wednesday, retreating from its recent record close. The decline in the index was driven by major companies like Tesla and IBM.
accelerated by companies' weak balance sheet results, while news of US export restrictions to China, which have escalated trade tensions, also added pressure. Investors are now
It's taking a cautious stance ahead of new company balance sheets to be released later this week and Friday's CPI data. Intraday technical levels:
Supports: 46301 – 46089 – 45743
Resistors: 46859 – 47205 – 47417

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