Markets Focused on PPI After CPI

XAUUSD - Gold Technical Analysis

After the CPI data announced in line with expectations in the US yesterday, the interest rate cut expectation for 2024 was reduced from 125 basis points to 100 basis points. After the data, the dollar index and US 10-year rises were seen, while negative pricing was seen in the precious metal. Today, in the morning hours, a buying course is observed on the Ons Gold side. 2525 and $ 2550 can be targeted as resistance levels for the precious metal, which has managed to persist above the $ 2500 level. In possible withdrawals, 2500 and 2485 can be targeted as support levels.   

Resistances: 2525 / 2550 / 2575
Supports: 2500 / 2485 / 2470
 

XAGUSD Technical Analysis

Ons Silver, which continued its upward trend after the US CPI data announced in line with expectations yesterday, is following a buying trend in the morning hours today. If the gains in precious metal continue, 28.85 and 29.00 can be followed as resistance levels in the short term. In downward movements, 28.60 and 28.45 can be followed as support levels.
 
Resistances: 28.85 / 29.00 / 29.15
Supports: 28.60 / 28.45 / 28.30
 

EUR/USD Technical Analysis

After the CPI data, a positive movement was seen in the DXY index as the possibility of a 25 basis point rate cut at the FOMC meeting in September became more apparent and the EUR/USD parity closed the day negatively. Today, if the upward movements continue in the pair, which follows a positive course in the morning hours, 1.1030 and 1.1046, where the 20-day exponential moving average is located, can be followed as important resistance levels. In downward movements, 1.1000 and 1.0980, where the 50-day exponential moving average is located, can be followed as important support levels.
 
Resistances: 1.1030 / 1.1046 / 1.1060
Supports: 1.1000 / 1.0980 / 1.0970
 

NAS100 Technical Analysis

With the CPI data announced yesterday at 15.30 in the US, the probability of a 25 basis point rate cut instead of 50 basis points at the FOMC meeting to be held on 18 September increased. The 2024 September futures index contract, which closed positive yesterday after the CPI data, is also positive in the short term today. If the upward movements continue, 19370 and 19450, corresponding to the 23'6 fibonacci slice, can be followed as important resistance levels. In downward movements, 19230 and 19175, where the 20-day exponential moving average is located, can be followed as important support levels.  

Resistances: 19370 / 19450 / 19550
Supports: 19230 / 19175 / 19080
 

UKOIL Technical Analysis

Following the damage caused by Hurricane Francine to the production areas in the Gulf of Mexico, a short-term rise is observed in UKOIL. However, weak demand in China and signs of slowdown in the US economy continue to keep oil prices at low levels since the beginning of the year. In technical terms, 72.00 and 72.40 can be followed as important resistance levels if upward movements continue in UKOIL, which follows a positive course in the morning hours. In downward movements, 71.00 and 70.60 can be followed as important support levels. 

Resistances: 72.00 / 72.40 / 72.80
Supports: 71.00 / 70.60 / 70.00