What Happened?
• The US approved anti-dumping duties on 10 countries, including Türkiye.
• The Fed announced that Board Member Cook will object to US President Trump’s attempt to remove him from office and will appeal to the court to continue his duties, adding that the Bank will comply with the court decision.
• Trump: I will comply with the court decision.
• Trump: Fortunately, Powell will leave office quickly.
• Trump: We will gain a majority in the Fed in a very short time.
• US Commerce Secretary Lutnick increased the pressure on Cook, claiming that his refusal to resign after Trump's impeachment decision gave credibility to the mortgage fraud allegations against him.
• Trump emphasized that he would impose economic sanctions on Russia if it did not agree to an agreement with Ukraine.
• Trump: Senate and House Speakers Johnson and Thune, along with other Republicans, are working on a comprehensive crime bill, which is what our country needs.
• The European Commission rejected Trump's criticism that EU digital services rules unfairly target US tech companies and denied allegations that the rules amount to censorship.

EURUSD
The EUR/USD pair, which opened the week at 1.1720, experienced gradual downward movement throughout the week. This movement led to the pair opening the third trading day of the week at 1.1642. Looking at the economic calendar today, there appears to be no economic data release that could significantly impact markets. Markets continue to closely monitor global developments. Yesterday, the Central Bank of the Republic of Turkey (CB) released the US consumer confidence index. According to August data, the index decreased by 1.3 points month-over-month, falling to 97.4. Looking at the rest of the week, tomorrow's US growth rate and Friday's German CPI data appear to be key economic data points. From a technical perspective, the EUR/USD pair can be monitored as resistance levels at 1.1634, 1.1672, and 1.1718, while support levels at 1.1584, 1.1537, and 1.1495 can be monitored.

Resistance 1– 1.1634
Resistance 2– 1.1672
Resistance 3– 1.1718
Support 1– 1.1584
Support 2– 1.1537
Support 3– 1.1495

OIL
A look at oil's performance throughout the week reveals a volatile trend. At the start of the new week, markets were monitoring the escalation of conflict between Ukraine and Russia. This conflict has occasionally caused supply concerns, which is among the factors supporting oil prices. Meanwhile, the Fed's interest rate cut is also a potential factor affecting pricing. Expectations of a Fed interest rate cut reinforce the perception that it will have a positive impact on the global economy, which in turn could positively impact global oil demand. Markets will be monitoring US crude oil inventories data on the day. The data will be released at 5:30 PM Turkish Time. This data could increase volatility in the oil market. From a technical perspective, the 64.26, 65.06, and 66.02 levels can be monitored as resistance levels, while the 62.56, 61.46, and 59.80 levels can be monitored as support levels.

Resistance 1–64.26
Resistance 2–65.06
Resistance 3–66.02
Support 1–62.56
Support 2–61.46
Support 3- 59.80

Gold
Gold, which opened the week at $3,368 an ounce, opened the third trading day of the week at around 3,390. Following Fed Chair Powell's speech on the final trading day of last week, expectations that the bank might cut interest rates in September have increased significantly, leading to sharp upward movements in gold prices. Gold is on a volatile course this week. Expectations regarding the Fed's future interest rate policy will be shaped by economic data released from the US. There is no economic data release that could influence the markets this day. Tomorrow's US GDP data is expected to be a significant data release. Meanwhile, global developments are also on the market agenda. Technically, the XAUUSD chart shows resistance levels at 3,385, 3,395, and 3,405, while support levels at 3,365, 3,350, and 3,335.

Resistance 1– 3385
Resistance 2– 3395
Resistance 3 – 3405
Support 1–3365
Support 2–3350
Support 3–3335

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