US Inflation Data in Focus, Global Markets Mixed

The DXY is currently trading above its 20‑ and 50‑day moving averages, and with an RSI of 56.8 it remains outside over‑bought territory. The MACD sits above the signal line, suggesting a modest short‑term uptrend. However, given the market’s mixed stance, a clear direction is difficult to ascertain. In the near term, the DXY is likely to hold around 98.0.

The Nasdaq-100 index (NDX) climbed 2.8% within a 24‑hour period, but its Relative Strength Index (RSI) sits at 71.9, placing it in the overbought territory. The MACD is below its signal line, signaling short‑term weakness. Market participants are awaiting U.S. inflation data; a reading above expectations could heighten expectations for further Fed tightening. Consequently, a modest correction or neutral stance is anticipated over the next one to three days.

While awaiting U.S. inflation data, short‑term uncertainty dominates the USD/TRY pair. Current indicators show the 20‑day moving average slightly above the 50‑day moving average and an RSI near 60, suggesting a modest upward bias. However, if inflation turns out higher than expected, the dollar could strengthen; a lower reading could support the lira. Consequently, market participants are likely to remain cautious over the next one to three days, making it difficult to pin down a clear direction. Investors are advised to closely monitor the definitive signals that will emerge once the data is released.

While U.S. inflation data is awaited, GLD’s price fell 0.6% in 24 hours. The RSI at 61.9 and MACD below the signal line suggest a potential exit from the overbought region. The SMA20 above SMA50 supports a short‑term bullish trend. If the inflation data comes in higher than expected, gold prices may trend upward, but mixed market sentiment increases risks. Therefore, it is difficult to determine a clear direction for GLD over a 1‑3 day horizon; a neutral short‑term trajectory is expected.