What Happened?
• Fed Chair Jerome Powell stated that uncertainty about the course of inflation remains high, saying, "We will carefully assess and manage the risk of higher and more persistent inflation. We will ensure that this one-time increase in prices does not turn into a persistent inflation problem."

• US President Donald Trump said that NATO member countries could shoot down Russian planes that enter their airspace.

• Oil rose as US President Donald Trump toughened his rhetoric against Russia.

• US President Donald Trump made a statement at the United Nations General Assembly, saying that he made the US the best country in the world for investment.

• Stating that he ended seven separate wars during his seven-month term, Trump said, “The UN never called me or offered me any help while I was ending these wars.” Criticizing the countries that recognize Palestine, Trump said, “This decision is a reward for Hamas.”

• According to CBRT data, the real sector's foreign exchange liabilities reached a record level of 351.5 billion dollars.

• China aims to increase its influence in the global bullion market by directing friendly countries to store their gold reserves within its borders. This move is part of Beijing's plans to reduce dependence on the dollar and strengthen the global use of the yuan.

• The private sector in the Eurozone recorded its fastest growth in 16 months, as the strong performance of the services sector in Germany offset the decline in France.

EURUSD
The EUR/USD pair, which opened the week at 1.1740, experienced gradual upward movement throughout the week. This movement led to the pair opening the third trading day of the week at 1.1812. Markets monitored PMI data from the Eurozone yesterday. According to the data, the Eurozone Composite PMI index reached 51.2 in September. This index was at 51 last month. Today, markets will be watching the Ifo Business Climate Index data from Germany, the Eurozone's driving economy, at 11:00 AM. Looking at the other side of the coin, the dollar, Fed Chair Powell's statements were followed. Speaking at an event, Powell stated that uncertainty regarding inflation persists and that the one-time price increase will be ensured to prevent a persistent inflationary crisis. In light of all this, if we examine the EURUSD parity technically, the levels 1.1818 – 1.1874 – 1.1920 can be followed as resistance points, and the levels 1.1734 – 1.1680 – 1.1616 can be followed as support points.

Resistance 1– 1.1818
Resistance 2– 1.1874
Resistance 3– 1.1920

Support 1– 1.1734
Support 2– 1.1680
Support 3– 1.1616

OIL
Oil experienced gradual upward movement during the week. So much so that oil began the third trading day of the week 2 percent above its opening level. Markets followed US President Trump's speech at the UN General Assembly. During this speech, Trump urged Europe to reduce its purchases of Russian oil and energy from the country. This was among the reasons for the rise. Markets will be watching US crude oil inventories data today. The data will be released at 5:30 PM Turkish time. Volatility in pricing will increase with the release of the data. From a technical perspective, the 64.06, 65.06, and 66.02 levels can be monitored as resistance levels, while the 62.98, 61.69, and 60.09 levels can be monitored as support levels.

Resistance 1–64.06
Resistance 2–65.06
Resistance 3–66.02

Support 1–62.98
Support 2–61.69
Support 3- 60.09

Gold
Gold, which saw gradual upward movements throughout the week and was priced around 2 percent above its starting level, opened the third trading day of the week at $3,765 per ounce. Markets followed Fed Chair Powell's speech at an event. Powell stated that inflation uncertainty persists and that a one-time price increase will not be allowed to become permanent. Markets will be watching the New Home Sales data from the US at 5:00 PM on the day. Tomorrow, all eyes will be on the US again, with GDP data to follow. The data will shape expectations regarding the Fed's interest rate path. A technical analysis of the XAUUSD chart reveals that 3,790 serves as resistance, while 3,745, 3,720, and 3,700 serve as support.

Resistance 1– 3790

Support 1–3745
Support 2–3720
Support 3–3700

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