What Happened?
• With the decision published in the Official Gazette with the signature of President Recep Tayyip Erdoğan, the additional financial liability applied to some products of US origin since 2018 was removed.

President Recep Tayyip Erdoğan shared a post on social media about his upcoming meeting with US President Trump, saying, "During our meeting at the White House with my esteemed counterpart and friend, US President Donald Trump, we will discuss a wide range of issues, particularly trade, investment, and the defense industry, with our ally, the US, with whom we have extensive strategic relations. I believe that our meeting with President Trump will contribute to ending wars and conflicts in our region within the framework of our shared vision of global peace and further strengthen the cooperation between our countries."

• Following Trump and Xi's phone call, a delegation of US lawmakers met with Chinese Premier Li Qiang in Beijing. During the meeting, Premier Li Qiang stated that China seeks cooperation with the US based on mutual respect, peaceful coexistence, and a win-win approach. Li expressed hope that Washington would also strive in the same direction, emphasizing that relations between the two countries must continue on the right path.

• According to the Financial Times, the EU plans to restrict technology giants' access to the financial data sharing system.

• A cyber attack targeting check-in and boarding systems at many European airports caused flight disruptions and cancellations.

• British Prime Minister Keir Starmer, Australian Prime Minister Anthony Albanese, Australian Foreign Minister Penny Wong and Canadian Prime Minister Mark Carney announced that their countries officially recognize the state of Palestine.

EURUSD
The EUR/USD pair, which experienced gradual upward movement last week, reversed its gains towards the end of the week and closed the week near its opening level. Looking at the economic calendar on the first trading day of the new week, it appears a weak day awaits markets. However, the release of consumer confidence data from the Eurozone at 5:00 PM will be closely watched. Looking at the week as a whole, Thursday's US GDP data appears to be one of the most important economic data releases of the week. However, global developments continue to dominate the market agenda. From a technical perspective, the EUR/USD pair can be monitored as resistance levels at 1.1790, 1.1832, and 1.1878, while support levels at 1.1724, 1.1661, and 1.1586 can be monitored.

Resistance 1– 1.1790
Resistance 2– 1.1832
Resistance 3– 1.1878

Support 1– 1.1724
Support 2– 1.1661
Support 3– 1.1586

OIL
Oil, which experienced gradual upward movements in the first trading days of last week, closed the week with some loss of value. Oil is expected to start the new week with a
The amount began with a gain in value. Geopolitical developments in the oil sector are being closely monitored. In addition to the Ukraine-Russia war, steps taken by Western countries in the Middle East to recognize the State of Palestine could trigger harsh reactions from Israel. This could lead to increased tensions in the Middle East. This issue is being closely monitored. Meanwhile, news reports indicate that Russian warplanes violated Estonian airspace for 12 minutes. The UN Security Council may convene today based on this. These geopolitical risks could increase price volatility. Markets will also be monitoring economic data on crude oil inventories from the US mid-week. From a technical perspective, the 63.43, 64.75, and 65.77 levels can be monitored as resistance levels, while the 61.55, 60.21, and 58.88 levels can be monitored as support levels.

Resistance 1–63.43
Resistance 2–64.75
Resistance 3–65.77

Support 1–61.55
Support 2–60.21
Support 3- 58.88

Gold
Last week, markets followed the Fed's interest rate decision, and the bank cut interest rates by 25 basis points, in line with expectations. Looking at the performance of gold last week, it appears to have closed the week with a gain of over 1 percent. Gold, which started the new week at $3,687 per ounce, continued its gradual upward movement. The bank's statement at the meeting that it would make decisions on the interest rate path from meeting to meeting also increased the importance of economic data from the US. These data will also shape expectations regarding the interest rate path. Looking at the week in general, the markets are anticipating personal consumption expenditures from the US on Friday and GDP data on Thursday.
It will be on the market's radar. Meanwhile, geopolitical developments remain on the market's agenda. Technically, if we examine the XAUUSD chart, the 3720 level can be monitored as resistance, while the 3690, 3660, and 3630 levels can be monitored as support.

Resistance 1– 3720

Support 1–3690
Support 2–3660
Support 3–3630

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