What Happened?
• US President Trump called on European countries not to buy oil from Russia, saying, "The sanctions they have imposed on Russia are not tough enough. I am ready to impose sanctions, but they will have to toughen their sanctions in proportion to what I do."

• The Trump administration has asked a federal appeals court to grant its request to remove Lisa Cook from the Fed Board of Governors ahead of a critical vote on interest rates.

• US Treasury Secretary Bessent and Chinese Vice Premier Lifeng met in Madrid to discuss a possible agreement on tariffs, export controls and the future of TikTok.

• Standard Chartered: Fed may cut interest rates by 50 basis points in September.

• S&P upgraded Spain's credit rating from 'A/A-1' to 'A+'.

• The Turkish National Basketball Team won the silver medal in the European Basketball Championship.

• Two Turkish athletes won silver medals at the World Boxing Championship held in England.

EURUSD
The pair started the first trading day of the week with a calm trend. Having started the new day at 1.172, the pair maintained its flat trend in the following trading hours. New news flow from the European side came from the US side. US President Donald Trump brought up a new debate regarding additional customs tariffs. As part of his new production program for Russia, US President Trump wants Europe to also impose additional customs tariffs on China. He stated that he aims to reduce demand for Russian oil in this way. Last week, the European Central Bank continued to maintain its cautious approach to interest rates, keeping them steady. At the same time, European Central Bank President Lagarde, who stated that the disinflation process is over, and her statements on the subject in the coming period may gain importance. The speech of European Central Bank President Lagarde will be closely followed at 21:30 Turkish time. Technically; The levels 1.1743 – 1.1787 – 1.1832 can be followed as resistance points, while the levels 1.1673 – 1.1627 – 1.1576 can be followed as support points.

Resistance 1– 1.1743
Resistance 2– 1.1787
Resistance 3– 1.1832

Support 1– 1.1673
Support 2– 1.1627
Support 3– 1.1576

OIL
Oil began the first trading day of the new week on a positive note. Crude, which opened the new day at $62.81, saw a notable modest rise in the following trading hours. Crude rose to 63.04 with the Asian opening, before remaining flat. While US negotiations to end the Russia-Ukraine war remain insufficient, the model for new sanctions against Russia continues to be debated. US President Donald Trump stated that Europe should also impose additional tariffs on China. Meanwhile, the commodity continues to search for direction due to the turbulent oil market. While the agenda for additional tariffs seemed over, President Trump provided a new perspective on the issue with his additional tariffs. Geopolitical risks and economic data flow will be closely monitored. Technically, resistance levels for Crude are 64.03, 65.12, and 66.09, while support levels are 62.56, 61.38, and 59.93.

Resistance 1–64.03
Resistance 2–65.12
Resistance 3–66.09

Support 1–62.56
Support 2–61.38
Support 3- 59.93

Gold
Gold started the first trading day of the week with mixed results. Safe-haven gold, which opened the new trading day at 3644, retreated to $3626 later in the day, but recovered its losses as Asian markets opened, rising to $3645. It's observed that gold continues to search for direction ahead of the Fed's decision. Ahead of the Fed's interest rate announcement on Wednesday, gold is experiencing volatility at its peak. Market expectations for a 25 basis point cut are strong. Furthermore, the recent rise in geopolitical risks has been a significant catalyst for safe-haven gold. While the Fed's interest rate decision is priced at 25 basis points, the subsequent press conference could provide important clues about the upcoming interest rate decision. Geopolitical risks and economic data will be closely monitored. Technically, 3655 and 3675 can be monitored as resistance levels, while 3625, 3612, and 3600 can be monitored as support levels.

Resistance 1– 3655
Resistance 2 – 3675

Support 1–3625
Support 2–3612
Support 3–3600

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