US Inflation Rises to 4.2% in May: Third Increase Since Iran War
📊 SPX — Piyasa Yorumu
▼ down · 70%The increase in inflation to 4.2%, marking the third post-war rise, could reignite concerns over interest rate hikes in the markets. The SPX's RSI stands at 42.9, indicating a weak zone, with the price trading below both the 20-day and 50-day moving averages. Although the MACD is in negative territory, its approach toward the signal line suggests some short-term recovery potential; however, the inflation news may intensify selling pressure. The 2.7% decline over the past 24 hours could signal further downside in an already fragile market. The short-term trend is expected to remain bearish.
📊 NDX — Piyasa Yorumu
▼ down · 70%NDX fell 4.7% in the last 24 hours to 29,083, with RSI approaching the oversold zone at 41.3. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price has slipped below the 20-day SMA (29,232) and is trading well below the 50-day SMA (29,989). Rising inflation and geopolitical risks in the news may weaken rate cut expectations, putting pressure on tech stocks. The short-term downtrend is likely to continue.
📊 DXY — Piyasa Yorumu
▲ up · 60%The rise in US inflation to 4.2% in May strengthens expectations that the Fed will continue raising interest rates, which could support the DXY in the short term. However, the RSI at 46 and the price remaining below the 20- and 50-day moving averages suggest that the upside may be limited. The MACD being below the signal line also indicates weak momentum. Therefore, any upward movement triggered by the inflation news may remain limited in strength.
📊 GLD — Piyasa Yorumu
▼ down · 70%Despite GLD being in oversold territory with an RSI of 23.5, rising inflation to 4.2% and the third post-war increase could pressure gold prices. The MACD is below the signal line and in negative territory, indicating that short-term bearish momentum may continue. The price is trading below the 20- and 50-day moving averages, presenting a technically weak outlook. However, oversold conditions and geopolitical risks leave some room for a potential rebound, so I forecast a bearish direction with medium-high confidence.