Global Markets Focus on US Inflation Data

The US Dollar Index (DXY) is trading at 98.10, posting a slight decline over the past 24 hours. The RSI stands at 60, indicating neither overbought nor oversold conditions and offering no clear directional signal. Although the MACD line remains above the signal line, it is hovering near zero, suggesting weak momentum. The price has managed to stay above the 20- and 50-day moving averages but shows a tendency to consolidate around these levels. According to news headlines, markets are focused on upcoming US inflation data, which may keep investors cautious and make it difficult for the DXY to establish a clear short-term direction.

USDJPY is trading above its 20- and 50-day moving averages, but the RSI at 53 remains in neutral territory. The MACD line is very close to the signal line, offering no clear directional signal. Markets are focused on US inflation data, so volatility may remain low ahead of the release. A sideways trend is expected in the short term, but a surprise in the inflation data could clarify the direction.

USDTRY maintains its short-term uptrend, though momentum remains limited. The RSI is at 60, not yet approaching overbought territory, while the MACD is positive and above its signal line. However, the news headline indicates that US inflation data could create uncertainty in the markets and lead to volatility in the dollar index. Therefore, despite the current technical structure, no clear directional signal has emerged. Investors are expected to remain cautious ahead of the data release.

The NDX is nearing overbought territory with an RSI of 71.9, increasing the likelihood of a short-term correction or consolidation. The MACD remains below its signal line, indicating weakening momentum. However, the price is trading above both the 20-day and 50-day moving averages and has recorded a strong 2.8% gain in the last 24 hours. Headlines note that markets are focused on US inflation data, which may keep investors cautious ahead of the release. As a result, short-term direction remains uncertain, making a clear directional forecast difficult.