While Germany's inflation and growth data are also prominent in EURUSD, the negative momentum gained by pricing continues with a short-term recovery under the 1.0849 supply zone. I expect the dominance under this zone to continue negatively and extend towards the 1.0786 demand zone. Attention will be paid to the US data to be announced during the day; if this data comes back positive, it will be likely that downward movements will occur towards the 1.0786 levels. However, I should also state that the buying potential towards the 1.0905 levels may continue with the breakdown of the current zone.
In GBPUSD, the parity, which quickly recovered after the dominance of sellers, is keeping buyers under pressure under the 1.2896 supply zone. While the structures formed under this zone support the sellers, I observe that the Bank of England interest rate decision to be announced on Thursday signals a 25 basis point reduction. As long as it remains below the 1.2896 supply zone, the first target of the declines will be the 1.2781 demand zone. There is no clear signal for buyer movements at the moment; however, exceeding the 1.2896 supply zone may provide support for the buying potential towards 1.2986 levels.
Pricing is stuck above the 152.591 demand zone due to horizontal compressions in USDJPY. The Bank of Japan interest rate decision to be announced early tomorrow may cause fluctuations to start again. In addition, ADP non-farm payrolls data and FED interest rate decision will also ensure that the effect on pricing continues with high momentum. Technically, the 152.591 demand zone is in an important position for buyers. Staying above this zone may support an increase towards the 158.109 supply zone. In terms of downward movements, it is essential to break the 152.591 demand zone. In this case, I expect prices to accelerate their downward movements towards 148.226 levels.
The effect of fluctuations regarding US data in ounce gold continues strongly above the 2356 demand zone. Attention is focused on the fluctuations that occurred due to the FED's interest rate announcements for September. The US data to be announced during the day may also have a significant impact. Technically, if the current area is maintained, I can say that the potential for buying may approach the 2419 supply area. In terms of downward scenarios, I expect the 2356 demand area to be broken and prices to decline towards 2318 levels in the medium term.
The negative dominance in oil commodities ensures that the 75.81 demand area remains in an important position for buyers. Expectations that the tensions in the Middle East will no longer increase may lead to a positive momentum gain in pricing. If the current area is maintained, it is likely that the movements in the buying direction will be supported towards the 78.52 levels in the short term. In terms of downward movements, the 75.81 demand area will need to be broken. In this case, I can state that the potential for prices to decline towards the 73.61 levels may arise.
Following my statements that declines in Bitcoin could create a buying opportunity, the dominance of the 63832 demand region in pricing continues strongly. I will closely monitor the 73000 levels against the continuation of increases from this level. There is no clear signal for now in terms of negative movements. In addition, I think that the statements that the FED may start interest rate cuts in September will continue to support upward movements.
While the market's attention in the DAX is turned to the German inflation and growth data to be announced during the day, I observe that the negative dominance in pricing continues. In this context, the fact that pricing remains below the 18456 supply region makes it likely that declines will extend towards the 18219 demand region. There is no clear expectation against the optimistic price movement at the moment. However, I think that the process after the data announcements should be closely monitored. In upward movements, I can say that the probability of the potential to continue to rise towards the 18649 levels may increase.
In an environment where the dominance of sellers in Nasdaq continues below the 19171 supply zone, attention has turned to the balance sheets of technology companies to be announced during the day. In this context, if the negative dominance continues, it is possible that pricing will show a decline towards the 18703 demand zone. For positive movements, the 19171 supply zone must first be broken. In this case, the probability of the buying potential continuing towards the 19554 levels will increase.
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