British News Agency

The analysis stated that weakening expectations regarding peace talks supported oil prices upward, which increased energy-driven inflation pressure and strengthened expectations that interest rates could remain high for longer. It was also noted that the dollar’s recovery in this process put pressure on gold. However, it was emphasized that uncertainties regarding the Strait of Hormuz and the fact that geopolitical risks in the Middle East have not completely disappeared limited the downside in gold prices during pullbacks near the 4650 level. In the technical outlook, it was noted that after failing to exceed the 4850 resistance level, the price was trying to stabilize in the 4650–4700 band. Remaining below the 7- and 20-day exponential moving averages (EMA) indicated weak short-term momentum. On the indicators side, RSI was stated to be at 47 in the neutral-weak zone, while MACD was close to the zero line but in negative territory. Within this technical structure, as long as the price remains below 4850, the 4650 and 4550 supports stand out.

It was stated that the rise in the Nasdaq index could continue to be supported by strong earnings flow and optimism toward artificial intelligence and chip stocks. In the analysis, it was noted that momentum in technology-heavy stocks carried the index to new peak areas, while geopolitical uncertainty on the US–Iran line and rising oil prices continued to be limiting factors for risk appetite. In this framework, the main direction was emphasized as upward, while central bank decisions to be announced during the week were noted as critically important. Interest rate decisions by the US Federal Reserve (FED), the European Central Bank (ECB), the Bank of England (BoE), and the Bank of Japan (BoJ) could be decisive for Nasdaq’s course, particularly through messages regarding energy-driven inflation pressure, technology stock valuation perceptions, and bond yields. In the technical outlook, it was stated that the index had firmly settled above the 27,000 level and tested the 27,500 resistance. The fact that the price remained above the 7-, 20- and 50-day exponential moving averages (EMA) indicated the strength of the trend. On the indicators side, RSI reached 85 and entered the overbought zone, while MACD maintained strong positive momentum. It was emphasized that this outlook points both to the continuation of the trend in the short term and to the risk of possible profit-taking. The analysis stated that if permanence above the 27,500 level is achieved, the 27,750 and 28,000 resistances may be monitored, while in possible pullbacks, the 27,000 and 26,400 levels stand out as the first important support areas.

It was stated that pricing in the EURUSD pair was balanced between safe-haven demand for the dollar caused by the deadlock in US–Iran talks and the limited pressure on the dollar from expectations regarding Warsh’s Fed chairmanship process after the investigation concerning Powell was closed. In the analysis, uncertainty in the Middle East, rising oil prices and the week’s busy central bank calendar were cited as the main themes supporting the dollar. In this context, it was emphasized that rather than a clear directional breakout, the pair followed a volatile course in the 1.1650–1.1740 band. In the technical outlook, it was stated that the price reacted from the 1.1650 support level and rose again above 1.1700, but remained just below the 7-day exponential moving average and the 1.1740 resistance. On the indicators side, RSI rose to 55, pointing to a short-term recovery, while positive momentum in MACD remained weak and indecisive. Within this technical structure, unless a sustained move above 1.1740 is achieved, the risk of renewed pressure toward the 1.1650 support remains; in a possible upward breakout, the 1.1800 and 1.1900 resistances may come to the fore.

In the analysis, it was stated that crude oil pricing moved upward again with a geopolitical risk premium. It was noted that the deadlock in US–Iran peace talks, disruptions in Middle East energy exports through the Strait of Hormuz, and limited shipments kept supply tightness concerns alive. As WTI oil approached the 95-dollar level, the strong recovery of recent weeks was said to be maintained, while expectations that Iran may have to cut production due to its storage capacity also increased pressure on the supply side. In the technical outlook, it was stated that the price carried its rise above 90 dollars beyond the 95-dollar threshold, the 7-day exponential moving average showed an upward trend, and the price continued to remain above the 20- and 50-day exponential moving averages. On the indicators side, RSI’s recovery to 53 and the weakening of negative pressure in MACD indicated that the short-term outlook had strengthened. Within this technical structure, if permanence above 95 dollars is achieved, the 100- and 105-dollar levels may stand out as resistance, while in possible pullbacks, the 90- and 85-dollar levels may be monitored as the first important support areas.