USA
Gold prices rose above $3,860 per ounce on Tuesday, setting a new record and heading for their strongest monthly gain in 14 years. This rally was fueled by investors seeking a safe haven against the risk of a US government shutdown and the expectation of further interest rate cuts from the Fed. Budget talks between President Donald Trump and congressional leaders remain stalled. If no agreement is reached, a government shutdown and the postponement of key macroeconomic data releases, particularly the September nonfarm payrolls report, could be on the table as of Wednesday. Furthermore, the implementation of new US tariffs on Wednesday is adding to market unease. The dollar index is hovering around 98, with investors focused on Friday's nonfarm payroll data and other employment indicators. New York Fed President John Williams emphasized that early signs of weakening in the labor market support a rate cut. US stock futures are poised for a calm open on Tuesday. A recovery in technology and artificial intelligence stocks at the beginning of the week supported Wall Street, with Nvidia, AMD, and Micron Technology posting prominent gains. Looking at September as a whole, the Dow Jones Industrial Average is preparing to close the month positively with an increase of 1.7, the S&P 500 by 1.3, and the Nasdaq by 1.5.

Eurozone
European stock markets are set to open flat on Tuesday as investors focus on inflation data from across Europe, anticipating it will shape the European Central Bank's monetary policy outlook. Meanwhile, political gridlock in the US and increased scrutiny of former President Donald Trump's new tariffs are clouding global risk appetite. Prime Minister Keir Starmer is expected to address the ongoing Labour Party annual conference in Liverpool today, while Chancellor of the Exchequer Rachel Reeves' speech on Monday was notable for offering limited details about the upcoming Autumn Budget and highlighting tax hike expectations. Euro Stoxx 50 and Stoxx 600 futures were flat in pre-opening trading.

Türkiye
On the first trading day of the week, exchange rates followed a near-flat course with low volatility. Domestically, the economic confidence index rose from 97.90 to 98.00 in September, reaching its highest level in the last six months. Pending home sales in the US increased by 4.00 percent in August, contrary to expectations for a 0.2 percent increase. Fed Governor S. Miran stated that he disagreed with the Fed's decision to cut interest rates by a quarter point at the last meeting and supported a half-point cut. While the data released had no impact on pricing, the dollar index continued its limited depreciation. Domestically, the foreign trade balance will be monitored today, while consumer confidence and JOLTS job openings will be monitored in the US, and the impact of these data on pricing may be limited.

EUR/USD
Euro eylül sonunda 1,17 doların altına gerileyerek ayı yatay kapatmaya yöneldi. Piyasalar Fed’den bu yıl iki faiz indirimi daha beklerken, ECB tarafında gevşeme döngüsünün sona erdiği sinyali öne çıktı. Ticaret cephesinde Trump ilaçlara %100 gümrük tarifesi açıklarken, AB sınırlama sağladı ve Çin çelik ithalatına ek vergi hazırlığı gündeme geldi. Gün içi teknik seviyeler olarak;
Supports: 1.1698 – 1.1672 – 1.1644
Resistances: 1.1752 – 1.1780 – 1.1807

GBP/USD
Sterling rose to $1.343 following Treasury Secretary Rachel Reeves's speech at the conference. Reeves emphasized fiscal discipline and highlighted infrastructure investments and industrial support packages. As markets await the November budget, growth and inflation expectations remain weak. Intraday technical levels:
Supports: 1.3391 – 1.3352 – 1.3320
Resistances: 1.3461 – 1.3494 – 1.3532

XAU/USD
Altın fiyatları 3.860 doların üzerine çıkarak rekor kırdı ve son 14 yılın en büyük aylık kazancına ilerliyor. ABD’de hükümet kapanma riski ve yeni gümrük tarifeleri piyasalarda tedirginlik yaratıyor. Fed’den yıl sonuna kadar ek faiz indirimleri beklentisi güçlenirken, altın eylülde %11’den fazla değer kazandı. Gün içi teknik seviyeler olarak;
Supports: 3781 – 3728 – 3701
Resistors: 3860 – 3886 – 3939

XAG/USD
Gümüş fiyatı 47 dolar civarında işlem görerek eylülde yaklaşık %20 yükselişe yöneldi. ABD’de hükümet kapanma riski ve veri akışının durabileceği endişesi güvenli liman talebini artırıyor. Ayrıca arz açığının sürmesi beklentisi gümüşü desteklerken, Fed’den ek faiz indirimi ihtimali fiyatlara güç katıyor. Gün içi teknik seviyeler;
Supports: 46.16 – 45.42 – 44.92
Resistances: 47.39 – 47.90 – 48.63

Brent Crude Oil
Brent crude oil prices fell below $67, continuing their decline amid expectations for increased supply and hopes for a ceasefire. The possibility of an OPEC+ production increase and the resumption of exports from northern Iraq bolstered supply. Trump and Netanyahu's announcement of a peace plan for Gaza continues geopolitical uncertainty, while the risk of a US government shutdown is fueling demand concerns. Intraday technical levels:
Supports: 65.90 – 65.24 – 64.54
Resistances: 67.26 – 67.96 – 68.62

Crude Oil
WTI crude oil prices continued their decline, falling toward $63 a barrel on expectations of increased supply and a potential Gaza ceasefire. The possibility of an OPEC+ production increase in November and the resumption of exports from the Iraqi Kurdistan region are increasing supply pressures. Geopolitical uncertainties and the risk of a US government shutdown are also fueling demand concerns. Intraday technical levels:
Supports: 62.25 – 61.40 – 59.84
Resistances: 64.66 – 66.22 – 67.07

Nasdaq (Near Term)
While the Nasdaq was flat in futures trading on Tuesday, the week was highlighted by a strong recovery in technology and artificial intelligence stocks, including Nvidia, AMD and Micron.
While the rise of companies supports the index, investors continue to trust in the profitability potential of the artificial intelligence sector. The risk of a government shutdown
Despite this, the Nasdaq is the strongest performing index with a %5.3 increase in September. Intraday technical levels are as follows;
Supports: 24473 – 24362 – 24226
Resistors: 24721 – 24857 – 24968

Dow Jones (Near Term)
The Dow Jones (D30) opened the week on a positive note with a 0.15% increase, despite trading flat on Tuesday. Technology and artificial intelligence were driving the index's rise.
The recovery in stocks provided support to the broader market. Despite the risk of a government shutdown remaining on the agenda, the Dow closed September up 1.7%.
Intraday technical levels are as follows;
Supports: 46121 – 45958 – 45777
Resistors: 46464 – 46645 – 46807

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