European Central Bank Raises Interest Rates Amid War-Driven Inflation

The news indicates that the ECB has raised interest rates due to the war. This could strengthen the EUR in the short term, but the impact may be limited due to war-induced uncertainty and concerns over economic slowdown. On the technical indicators, the RSI is near oversold territory at 39.5, the price is below the SMA20 and SMA50, and the MACD is negative below the signal line. This suggests that the current downtrend may continue. Downward pressure on EURUSD can be expected in the short term.

The DAX index has fallen 1.67% in the last 24 hours, retreating to the 24,255 level. Although the RSI at 36.3 is approaching oversold territory, momentum remains weak. The MACD line is below the signal line and in negative territory, confirming the bearish trend. The price is trading below both the 20-day (24,366) and 50-day (24,630) moving averages. The ECB's interest rate hike due to the war may increase growth concerns, potentially sustaining selling pressure in the short term.

The news indicates that the war-driven interest rate hike could negatively impact economic growth. Although the CAC index has experienced a slight decline in the last 24 hours, the RSI remains neutral at 56, and the MACD continues to stay above the signal line. However, the rate hike news may reduce risk appetite in the short term and create selling pressure on the index. The proximity of SMA20 and SMA50 suggests an unclear trend, but the news could set the stage for a downside breakout.

The European Central Bank's decision to raise interest rates amid a war environment could negatively impact global risk appetite. This move may heighten growth concerns and trigger outflows from emerging markets. Turkish markets may also face short-term pressure due to rising global interest rates and geopolitical risks. Investors are expected to maintain a cautious stance.