USA
Küresel piyasalarda Salı günü temkinli bir görünüm hâkim. ABD 10 yıllık Hazine tahvil getirisi iki gün üst üste yükselişin ardından %4,16 civarında dengelenirken, yatırımcılar hem devam eden hükümet kapanmasının ekonomik etkilerini hem de Japonya ve Fransa’daki siyasi gelişmeleri izliyor. Kapanma yedinci gününe girerken, Demokrat ve Cumhuriyetçi partilerin Senato’daki bütçe tasarıları reddedildi ve bu durum, Fed’in faiz görünümünü şekillendirecek önemli ekonomik verilerin ertelenmesine yol açtı. Piyasalarda bu ay çeyrek puanlık, Aralık ayında ise bir faiz indiriminin büyük ölçüde fiyatlandığı görülüyor. Dolar endeksi 98,2 seviyesine yükselerek güçlenmesini sürdürdü. ABD’de süregelen hükümet kapanması, Fransa’da hükümetin istifası ve Japonya’da iktidar partisinin güvercin eğilimli bir lider seçmesi dolar talebini artırdı. Bu gelişmelerin yanı sıra yatırımcılar bu hafta Fed Başkanı Jerome Powell ve Yönetim Kurulu Üyesi Stephen Miran’dan gelecek açıklamalara odaklanmış durumda. Wall Street cephesinde vadeli endeksler hafif satıcılı bir açılışa işaret ederken, endeksler haftaya güçlü başlamıştı. Pazartesi günü S&P 500 ve Nasdaq endeksleri sırasıyla %0,36 ve %0,71 yükselerek yeni rekor seviyelere ulaşırken, Dow Jones %0,14 gerileyerek altı günlük yükseliş serisini sonlandırdı. Kazançlarda yapay zekâ temalı hisseler öne çıktı. AMD, OpenAI ile çok yıllı çip tedarik anlaşması ve şirketin %10’a kadar hisse alım opsiyonu haberiyle %23,7 yükseldi. Tesla (%5,5), Microsoft (%2,2) ve Palantir Technologies (%3,7) hisseleri de güçlü yükselişlerle dikkat çekti. Genel olarak yatırımcılar, Fed’in faiz indirimi beklentilerini ve AI sektöründeki gelişmeleri fiyatlamayı sürdürüyor.

Eurozone
In Europe, increasing political uncertainty following the resignation of French Prime Minister Sébastien Lecornu has weakened investor confidence. President Emmanuel Macron is expected to meet with opposition parties within the next 48 hours to resolve the political impasse. French stocks fell sharply on Monday, with banking and insurance stocks particularly affected by the decline in French government bond prices, which put pressure on balance sheets. Shares of BNP Paribas, Crédit Agricole, Société Générale, and AXA saw significant losses. Investors will be focusing on German factory orders, the UK housing price index, and French foreign trade data. In futures trading, the Euro Stoxx 50 and Stoxx 600 indices opened the day flat, while a cautious tone prevails across the market.

Türkiye
The Central Bank of the Republic of Turkey (CBRT) announced the real effective exchange rate index in domestic markets yesterday. The September data increased by 0.91 points compared to the previous month, reaching 70.83. August's data was 69.84. There is no significant data release in Türkiye today. CBRT Governor Fatih Karahan's presentation will be closely watched. Governor Karahan is reportedly scheduled to present to the Parliamentary Planning and Budget Committee today. Following Friday's release of inflation data, expectations for a CBRT interest rate cut at its October meeting have weakened. His statements regarding interest rates during today's presentation may also shape these expectations.

EUR/USD
The euro fell more than 0.5% to below $1,167 after the resignation of French Prime Minister Sébastien Lecornu. President Macron's cabinet
The failure to make major changes has fueled opposition outrage. Spending cuts and tax increases in the budget bill have fueled political tension and investor concerns.
deepening. Intraday technical levels;
Supports: 1.1664 – 1.1618 – 1.1585
Resistances: 1.1743 – 1.1776 – 1.1822

GBP/USD
Sterling gave back some of last week's gains, falling to $1.344 as the dollar strengthened and France faced political turmoil.
The pro-government prime minister's election has boosted global bond yields and supported the dollar. The ongoing government shutdown and uncertain outlook in the US have made it difficult for the Fed to raise interest rates this year.
While the Bank of England kept interest rates steady due to high inflation, expectations of further rate cuts were strengthened. Intraday technical levels are as follows;
Supports: 1.3435 – 1.3389 – 1.3362
Resistances: 1.3509 – 1.3536 – 1.3583

XAU/USD
The price of gold remained near a record high on Tuesday, hovering around $3,960 an ounce. The ongoing government shutdown in the U.S. and the impending interest rate cut
expectations support safe-haven demand. Furthermore, political uncertainties in France and Japan and the Chinese Central Bank's continued gold purchases are pushing prices down.
It is holding above. Intraday technical levels are as follows;
Supports: 3906 – 3852 – 3820
Resistors: 3992 – 4024 – 4078

XAG/USD
Silver surpassed $48.3 per ounce, reaching its highest level since April 2011. The government shutdown in the US and the expectation of further interest rate cuts from the Fed
increased safe-haven demand. Furthermore, the prediction that the global supply deficit will continue into 2025 supported prices. Intraday technical levels;
Supports: 48.01 – 47.52 – 47.15
Resistances: 48.87 – 49.25 – 49.74

Brent Crude Oil
Brent crude oil prices rose to $65.7 per barrel on Tuesday, extending their rise for a third day. OPEC+ production growth fell short of expectations and refinery operations in Russia
The temporary supply reduction from the attack supported prices. However, weak demand outlook and rising global production are limiting the pace of the rally. Intraday technical levels
aspect ;
Supports: 65.90 – 65.24 – 64.54
Resistances: 67.26 – 67.96 – 68.62

Crude Oil
WTI crude oil prices rose to around $62 a barrel on Tuesday, extending their gains for the third day. This was due to lower-than-expected production growth from OPEC+ and the Russian
The refinery attack has raised supply concerns. However, weak demand and a growing global overproduction are limiting price upside. Intraday technical levels:
Supports: 61.10 – 60.53 – 60.04
Resistances: 62.16 – 62.65 – 63.22

Nasdaq (Near Term)
The Nasdaq index started the week strong, reaching new record highs led by technology stocks. Artificial intelligence-themed news flow poses risks to the index.
While supporting the appetite for technology, AMD's multi-billion dollar chip deal with OpenAI has particularly driven investor interest in the technology side. Tesla, Microsoft and
While gains in stocks like Palantir boosted the Nasdaq's performance, the index generally remains growth-focused amid expectations of a Fed rate cut.
taking advantage of the buying momentum in the stocks. Intraday technical levels:
Supports: 24830 – 24686 – 24580
Resistors: 25080 – 25187 – 25331

Dow Jones (Near Term)
The Dow Jones Industrial Average started the week with a slight decline, ending a six-day winning streak. The weak performance was primarily due to industrials and financials.
The reason was that the major stocks lagged behind the strong rally in the technology sector. Investors were more optimistic about AI-driven gains as they turned to the Nasdaq and S&P 500.
While profit-taking is taking place in the defensive Dow components, market expectations for a Fed rate cut continue to support risk appetite. Intraday technical
as levels;
Supports: 46441 – 46196 – 45974
Resistors: 46908 – 47130 – 47375

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