What Happened?
• President Erdoğan met with Armenian Prime Minister Pashinyan. Erdoğan stated that he was pleased with the progress of the peace process between Armenia and Azerbaijan, that Türkiye supports peace, stability, and development in the region, and that it will continue to contribute to the process.
• Erdoğan met with Azerbaijani President Aliyev. Bilateral relations between Türkiye and Azerbaijan, as well as regional and global issues, were discussed.
• Erdoğan met with Chinese President Xi.
• The US Federal Circuit Court of Appeals ruled that most of US President Trump’s tariffs were illegal, while allowing the tariffs to remain in effect until October 14.
• Trump: Without tariffs and the trillions of dollars we received, our country would be destroyed.
• Russian President Putin: The agreements reached with Trump at the Alaska summit pave the way for peace in Ukraine.
• Putin: The crisis in Ukraine emerged not as a result of the invasion but as a result of the coup supported by Ukraine's western allies.

EURUSD
The EUR/USD pair, which followed a volatile trend last week, closed the week with some loss of value. The pair opened the new week at 1.1694. European Central Bank President Lagarde is expected to deliver a speech at 8:30 PM Turkish time on the first trading day of the new week. This speech will be a key focus for markets, with markets looking for clues about the bank's monetary policy plans. At 12:00 PM, unemployment data from the Eurozone will be closely watched. Volatility in the pair could increase with the data and Lagarde's speeches. Looking at the week as a whole, tomorrow's Eurozone inflation data is expected to be one of the key economic indicators for Euro assets. On Friday, the US non-farm payrolls data will be closely watched. If we examine the EURUSD parity technically, the levels 1.1750 – 1.1789 – 1.1827 can be followed as resistance points, and the levels 1.1697 – 1.1657 – 1.1625 can be followed as support points.

Resistance 1–1.1750
Resistance 2– 1.1789
Resistance 3– 1.1827
Support 1– 1.1697
Support 2– 1.1657
Support 3– 1.1625

OIL
Following a volatile trend last week, oil closed the week at near breakeven. Looking at the monthly performance after August, we see a loss of more than 7%. As the new month begins, all eyes are on the OPEC+ group. The group will hold a meeting next Sunday, which is expected to focus on daily production cuts. Markets are also monitoring global developments. From a technical perspective, the 65.06, 66.55, and 67.68 levels can be monitored as resistance levels, while 62.99, 61.62, and 59.92 can be monitored as support levels.

Resistance 1–65.06
Resistance 2–66.55
Resistance 3–67.68
Support 1–62.99
Support 2–61.62
Support 3- 59.92

Gold
Gold, which closed the week with a gain of approximately 2.5% following last week's gradual upward movement, opened the new week at 3445 and exhibited gradual upward movement later in the day. Markets expect a lackluster first trading day in terms of economic data. Looking at the week as a whole, Friday's US Non-Farm Payroll data is set to be one of the week's key economic figures. This data flow will shape expectations for the Fed's interest rate path. Looking at general expectations, expectations that the bank may cut interest rates at its September meeting have gained ground. However, expectations will continue to be shaped by upcoming announcements and economic data. Technically, the XAUUSD chart shows resistance levels at 3490 and 3500, while support levels at 3465, 3450, and 3435 are monitored.

Resistance 1– 3490
Resistance 2– 3500
Support 1–3465
Support 2–3450
Support 3–3435

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