PCE Inflation Data in the US Realised Parallel to Expectations
XAUUSD - Gold Technical Analysis
After China's manufacturing PMI data for August was announced as 50.4 in the morning hours today, the precious metal follows a negative course after losing value in the short term. If downward movements continue, 2480 and 2465 can be followed as important support levels. In upward movements, 2500 and 2525, where the 10-day exponential moving average is found, can be followed as important resistance levels.
Resistances: 2500 / 2525 / 2540
Supports: 2480 / 2465 / 2450
XAGUSD Technical Analysis
On the silver side, 28.20 and 28.00 can be followed as important support levels if downward movements continue after a negative course in the morning hours. In upward movements, 28.60 and 28.85 can be followed as important resistance levels. If the 28.85 level is crossed upwards, 29.00 can be followed as another important resistance level.
EUR/USD Technical Analysis
After the DXY index gained value for the last three days, the index, which followed a negative course in the morning hours today, led to a positive movement in the EUR/USD parity in the short term. If upward movements continue later in the day, 1.1075 and 1.1100 can be followed as important resistance levels in the EUR/USD pair. In downward movements, 1.1040 and 1.1030 can be monitored as important support levels.
Resistances: 1.1075 / 1.1100 / 1.1120
Supports: 1.1040 / 1.1030 / 1.1110
NAS100 Technical Analysis
The moderate increase in core PCE data released on Friday supported the rise in US stock markets by creating optimism among investors about the possibility of a Fed rate cut. However, the 2024 September futures index contract, which had a positive close on Friday, followed a flat course in the morning hours today. In downward movements, 19520 with the 10-day exponential moving average and 19440 with the 20-day exponential moving average can be monitored as important support levels. In upward movements, 19700 and 19800 can be followed as important resistance levels.
Resistances: 19700 / 19800 / 19920
Supports: 19520 / 19440 / 19370
UKOIL Technical Analysis
Pressure on UKOIL continues due to OPEC+'s plans to increase production and concerns about China's inability to meet its economic growth targets. In case of downward movements in UKOIL, which followed a horizontal course in the morning hours, 76.00 and 75.70 can be followed as important support levels. In upward movements, 77.00 and 7740 can be followed as important resistance levels.
Resistances: 77.00 / 77.40 / 78.05
Supports: 76.00 / 75.70 / 75.30
