What Happened?
• The World Bank raised Türkiye's economic growth forecast from %3.1 to %3.5 for this year, from %3.6 to %3.7 for next year, and from %4.2 to %4.4 for 2027.

• US Secretary of State Rubio emphasized the importance of US President Trump's Gaza plan in his meeting with British Foreign Minister Cooper.

• Fed Member Miran reiterated that he wants to bring interest rates to the so-called neutral level much faster than his colleagues at the central bank.

• ECB President Lagarde reiterated her call for strengthening the role of the euro.

• US Congressmen have called for expanding bans on chipmaking equipment against China after a bipartisan investigation revealed that Chinese chipmakers purchased $38 billion worth of sophisticated equipment last year.

• FTSE Russell upgrades Vietnam to emerging market status.

EURUSD
The pair started the new trading day on a negative note. Opening the new trading day at 1.165, the pair retreated to 1.161 in the following trading hours.
During this period, data flows from the US and the shaky course of the US economy shifted investor attention to the euro. US President Donald Trump made several decisions aimed at closing the foreign trade deficit, and as a result, the dollar depreciated, while the euro became relatively more valuable in Europe, which tended to experience a faster economic recovery compared to the US. In light of this news, the currency pair tested 1.191, its highest level in the last four years, before retreating to 1.161 due to the onset of selling pressure. A look at the pair's performance from the beginning of the month reveals a loss of over 1 percent. Political and economic instability are among the issues to be closely monitored. Technically, the levels 1.1647, 1.1684, and 1.1736 can be monitored as resistance levels, while the levels 1.1574, 1.1518, and 1.1452 can be monitored as support levels.

Resistance 1– 1.1647
Resistance 2– 1.1684
Resistance 3– 1.1736

Support 1– 1.1574
Support 2– 1.1518
Support 3– 1.1452

OIL
Oil began the new trading day on a moderately positive note. Crude oil prices began the new trading day at $62.17, then rose moderately in the following trading hours, reaching $62.32. Crude oil inventories, to be released today at 5:30 PM Turkish time (GMT+3), are of significant importance for oil, which has maintained its volatile trend over the past two months. A brief review of past data sets reveals that Crude oil inventories, released at the beginning of the month, exceeded expectations. Potential disruptions in the trade balance related to the turmoil in global markets could lead to volatility in the oil market. Meanwhile, while no official statement or concrete action has been taken recently regarding the ongoing Russia-Ukraine crisis, the war remains stable. Another key agenda item is the US budget crisis. The government in the US, one of the world's largest economies, has shut down. The resolution of this previous crisis took over a month. Geopolitical risks and economic data flow will be closely monitored. If we examine the Crude product technically, the levels 62.94 – 64.17 – 65.99 can be followed as resistance points, and the levels 61.58 – 59.91 – 57.98 can be followed as support points.

Resistance 1–62.94
Resistance 2–64.17
Resistance 3–65.99

Support 1–61.58
Support 2–59.91
Support 3- 57.98

Gold
Gold hits a new record high. Safe-haven gold surpassed $4,000 on the new trading day. Continuing its unabated rise, gold continues to increase its returns daily. The budget crisis in the US economy and the risk of government shutdown accelerated its rise, and gold started the new trading day at $3,986. In the following trading hours, especially with the Asian opening, it tested a new all-time high of $4,014. The FOMC Meeting Minutes to be released today at 10:00 PM Turkish time may contain important clues regarding the Fed's future perspective on interest rate cuts. As is known, inflation and interest rates, which have been high for a long time, continue to be disrupted by factors such as additional tariffs and the budget crisis. Although the minutes of the meeting to be released are from the previous month, they are important in understanding the FED members' perspectives on the interest rate cut process. Volatility may occur in gold along with the data. Geopolitical risks and economic data flow will be closely monitored. Technically; The levels 4035 and 4050 can be followed as psychological resistance points, while the levels 4000 – 3975 – 3950 can be followed as support points.

Resistance 1– 4035
Resistance 2 – 4050

Support 1–4000
Support 2–3975
Support 3–3950

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