Looking at the expectations for the Eurozone, the oscillation in pricing continues negatively after the inflation data came in lower than expected. In addition, it is seen that keeping the US interest rate decision constant does not cause any effect on the market in terms of parities. The effect of sellers accumulating in the 1.0966 supply area in EUR/USD will continue to pull the decline and dominance towards the 1.0773 levels. There is no technical situation for the emergence of optimistic potentials at the moment. However, the breakdown of the 1.0966 supply area may cause upward potentials to come to the fore.
I observe that prices continue to move in a band accompanied by horizontal fluctuations before the Bank of England interest rate decision expected to be announced during the day. While it is noteworthy that the structures formed above the 1.2897 demand area in GBP/USD support the sellers, I predict that the potential for a possible interest rate cut may increase in volume and continue towards the 1.2723 levels. In terms of potential buyers, although there is no clear situation at the moment, holding above the 1.2897 demand zone will support the continuation of the uptrend.
In the press release made after the US interest rate decision was kept constant in the expected direction, it was stated that the interest rates will remain high for a long time and the slowdown in the country's growth caused by customs duties were noted. However, it is seen that these effects support the selling pressures above the 147,800 demand zone in USD/JPY, and I expect the decreasing volume to continue towards the 146,335 levels after the closings below the zone. In terms of optimistic scenarios, although there is no technical situation at the moment, holding above the current zone may cause the dominance towards the 149,992 levels to find positive support.
On the US side, I see that the expectations that the growth data will be low due to customs duties and the interest rate decision being kept constant in the expected direction continue to strongly support the uptrend potential of ounce gold prices. I expect the volume to continue to increase above the 2952 demand zone and to maintain its dominance towards the 3090 levels. In terms of downside scenarios, although there is no clear situation at the moment, I predict that the 3006 demand zone may be broken and the pressure towards the 2952 levels may continue.
In an environment where the declines in the oil market and uncertainties increase following the increase in US crude oil inventory data, pricing is gaining positive momentum and trying to hold on to the 65.29 demand zone. If this level is maintained, I expect prices to rise towards the 70.29 levels. However, in order for sellers to take control, the 65.29 level must be broken downwards. In this case, the possibility of increasing selling pressure and prices falling to the 61.83 levels may come to the fore.
After MicroStrategy's statements that it may continue its aggressive Bitcoin strategy, I see that it supports the dominance of pricing positively in its short-term outlook. Staying below the 86271 supply zone will cause the decline volume to be supported towards the 76122 levels. In terms of optimistic pricing, closing above the zone is a must. Thus, it can be expected that the dominance towards the 93388 levels will continue positively.
While the effect of the declines seen in the ECB inflation data on the market causes the sellers to continue their support, it is obvious that horizontal fluctuations are seen above the 23155 demand zone in the DAX. Keeping above this zone may cause the pricing to continue its potential with buyers towards the 23553 levels. However, against the continuation of the decline volume, it is necessary to equalize the 23155 demand zone first. Thus, the possibility of negative support for the dominance towards the 22,734 levels may arise.
Nvidia acquired Gretel, a San Diego-based startup that develops a platform to produce artificial intelligence-based data. In addition, the statements coming in line with the expected direction in the US interest rate decision caused the pricing to support the volume in the upward direction. When Nasdaq is examined technically, while the 20152 supply region is an important reference point, I can say that if the region breaks upwards, the dominance towards the 21136 level can be positively supported. In terms of downward scenarios, although there is no clear situation at the moment, I can say that the potential for decline against the sales reactions from the current region may bring about a progress towards the 19119 levels in the daily perspective.
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