What Happened?
• According to media reports, an investigation has been launched against Ekrem İmamoğlu, İmamoğlu's election campaign director Necati Özkan, and journalist Merdan Yanardağ for espionage.

• It was announced by the Central Bank of the Republic of Turkey (CBRT) that the daily limits for rediscount credits were increased from 4 billion TL to 4.5 billion TL as of November 1.

• The tax base limits, which form the basis for determining the Special Consumption Tax (SCT) levied on mobile phones, have been redefined and increased.

• Sigara ve puro gibi tütün içeren ürünlerden alınan ÖTV oranı 5 puan, asgari maktu ÖTV tutarı yaklaşık %6,9 düşürülürken maktu ÖTV tutarı yaklaşık %31,7 artırıldı.

• Vice President Yılmaz: Per capita national income is expected to reach $18,621 in 2026.

• US President Trump announced the end of all trade talks with Canada, citing an ad in which Canada allegedly spoke negatively about former US President Reagan's tariffs.

EURUSD
The EUR/USD pair, which opened the week at 1.1663, experienced some gradual downward movement during the week. The pair opened the last trading day of the week at 1.1615, and markets are expecting a data-heavy day. PMI data from the Eurozone will be the first to be watched at 11:00 AM. All eyes will then turn to the US. Global volatility will increase significantly with the CPI data released at 3:30 PM. The Fed's interest rate decision is next week, and this data, arriving before the decision, will shape expectations. Subsequently, PMI and New Home Sales economic data from the US at 4:45 PM and 5:00 PM, respectively, will likely increase volatility. If we examine the EURUSD parity technically, the levels 1.1652 – 1.1735 – 1.1815 can be followed as resistance points, and the levels 1.1554 – 1.1492 – 1.1417 can be followed as support points.

Resistance 1– 1.1652
Resistance 2– 1.1735
Resistance 3– 1.1815

Support 1– 1.1554
Support 2– 1.1492
Support 3– 1.1417

OIL
Oil, which has seen gradual upward movement throughout the week, opened the week with prices around 8 percent above its opening level on the last trading day. Markets have recently followed the US and EU's announcements of sanctions against Russia's largest producers. Furthermore, China suspended its purchases of major oil companies, particularly ESPO-grade Russian crude. These developments were among the factors supporting the upward movement in oil prices. Global developments remain on the market agenda. US CPI data will be closely watched today. This data, which could provide important insight into the Fed's potential interest rate hikes, will also increase global volatility. This could also impact global oil demand. From a technical perspective, the 63.00, 64.41, and 65.86 levels can be monitored as resistance levels, while the 60.40, 59.16, and 57.71 levels can be monitored as support levels.

Resistance 1–63.00
Resistance 2–64.41
Resistance 3–65.86

Support 1–60.40
Support 2–59.16
Support 3- 57.71

Gold
Gold opened the week at $4,263 an ounce, testing $4,380 on the first trading day. Gradual declines began from these levels, and with these declines, gold opened the week's final trading day at $4,125. All eyes will be on US inflation data. The US CPI data, one of the week's most important economic data points, will be released at 3:30 PM Turkish time. The Fed will hold its October meeting next week. Data released before this meeting is highly significant and will shape expectations. Furthermore, a presidential meeting between China and the US is expected next week. The moderate statements made before the meeting are having a positive impact on the markets, contributing to increased risk appetite. A technical analysis of the XAUUSD chart reveals that resistance levels of 4,130, 4,170, and 4,210, while support levels of 4,056, 4,000, and 3,950 are monitored.

Resistance 1– 4355
Resistance 2 – 4375

Support 1–4315
Support 2–4290
Support 3–4265

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