USA
A cautious tone dominated global markets on Wednesday. The official government shutdown in the US, triggered by Democrats and Republicans' failure to agree on a temporary budget, is dampening investor risk appetite. The dollar index stabilized around 97.8 after a three-day decline, while uncertainty about the duration of the shutdown could delay the release of economic data. Today's ADP private sector employment data is crucial for markets, particularly ahead of Friday's expected nonfarm payrolls report. The 10-year US Treasury yield is trading flat around 4.15%, while gold is trading near record levels, approaching $3,870 an ounce, fueled by safe-haven demand. US stocks are trading on a sell-off note in futures trading, and a prolonged shutdown could exacerbate uncertainty leading up to the Fed's meeting at the end of October. Meanwhile, JOLTS data released on Tuesday signaled a slowdown in the labor market. In corporate news, Nike rose 4.5% in after-hours trading following its better-than-expected first-quarter earnings report. Investors will be closely monitoring both the economic data calendar and developments regarding the duration of the lockdown.

Eurozone
Investors will be focusing on inflation data from across Europe. European stock markets are set to open flat on Tuesday as they await 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
The domestic foreign trade deficit for August was $4.21 billion. This figure represents a decrease of 1% in August compared to the same period last year. Meanwhile, the unemployment rate rose from 1% in August to 1% in August. The Central Bank of the Republic of Turkey (CB) consumer confidence index fell to a five-month low of 94.2 in September. The JOLTS job openings, however, slightly exceeded expectations at 7.2 million in August, indicating a positive outlook. The US federal government closed this morning. Released data and news flows had a limited impact on pricing. Yesterday, the exchange rate was flat. Today, the ISO Turkey Manufacturing PMI and ITO Istanbul CPI data will be closely watched domestically, while the ADP private sector employment change and ISM Manufacturing PMI data will be closely watched in the US.

EUR/USD
The euro strengthened to 1.17 after rising inflation data from the eurozone and expectations that the ECB would refrain from cutting interest rates rose. Germany, France
and price increases in Spain exceeded forecasts, while inflation across the region rose to a year-high of %2.2 in September. This figure is based on the ECB's October 30 statement.
While the US dollar weakened due to concerns about a possible government shutdown in the US, the US dollar signaled that it would keep interest rates steady at its meeting. Intraday technical levels:
Supports: 1.1708 – 1.1685 – 1.1659
Resistances: 1.1757 – 1.1784 – 1.1806

GBP/USD
The GBP/USD exchange rate rose to 1.3460 on October 1, 2025, an increase of %0.13 compared to the previous day. Sterling gained %0.59 in the last month and %1.49 in the last year.
This situation indicates a steady strengthening in the pair. Intraday technical levels:
Supports: 1.3413 – 1.3386 – 1.3359
Resistances: 13467 – 1.3494 – 1.3521

XAU/USD
Gold traded near a record high of $3,870 an ounce, amid rising demand for safe havens and the risk of a US government shutdown.
The failure to approve the funding bill raises concerns about a shutdown and could lead to delays in economic data releases. The weakening labor market
As the Fed makes room for a rate cut, markets are almost certainly pricing in a rate cut at the October meeting and a further cut in December. Intraday technical levels:
Supports: 3810 – 3762 – 3732
Resistances: 3889 – 3919 – 3967

XAG/USD
Silver rose above $47 an ounce, reaching a 14-year high, as the US government shutdown fueled safe-haven demand.
Uncertainty could lead to the postponement of critical economic data, making markets nervous ahead of the Fed meeting. The Silver Institute also predicts that in 2025
While predicting a supply deficit for the fifth consecutive year, he explained that demand for solar energy and electronics supports interest in silver. Intraday technical levels;
Supports: 45.90 – 45.17 – 44.54
Resistances: 47.26 – 47.88 – 48.61

Brent Crude Oil
Brent crude rose above $66 a barrel as falling US inventories offset discussions on possible OPEC+ production increases. API data shows 3.7 million
While the number of barrels decreased, gasoline and distillate stocks increased. OPEC+ members' assessment of limited supply increases for November, geopolitical risks and
Concerns about a government shutdown in the US remain on the market agenda. Intraday technical levels:
Supports: 65.90 – 64.24 – 64.54
Resistances: 67.26 – 67.96 – 68.62

Crude Oil
WTI crude futures settled at $62.50 a barrel as a 3.7 million barrel drop in US inventories offset discussions on a potential supply increase by OPEC+.
Despite rising gasoline and distillate stocks, supply-side uncertainty supported prices. Geopolitical developments, Gaza
Peace talks and the risk of a US government shutdown also remain in the markets' focus. Intraday technical levels
aspect ;
Supports: 61.86 – 61.33 – 60.65
Resistances: 63.07 – 63.75 – 64.28

Nasdaq (Near Term)
Nasdaq futures were weak on Wednesday due to the possible government shutdown, while investors were particularly keen to see the nonfarm payrolls release on Friday.
Focusing on the report. The index rose 0.3% on Tuesday, finishing September and the third quarter with gains. On the corporate front, Nike reported a balance sheet that exceeded expectations.
Afterwards, % gained 4.5 points. Intraday technical levels are as follows;
Supports: 24515 – 24412 – 24325
Resistors: 24705 – 24792 – 24895

Dow Jones (Near Term)
Dow Jones futures edged lower on Wednesday on government shutdown concerns, as investors awaited critical employment data. The index fell Tuesday
% rose 0.18, closing September and the third quarter in positive territory. In corporate news, Nike gained 4.5% in the post-session session following a strong earnings report.
as technical levels;
Supports: 46123 – 45943 – 45793
Resistors: 46452 – 46602 – 46782

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