U.S. June Inflation Expectations Rise

Rising inflation expectations in the US may increase the likelihood of the Fed raising interest rates, potentially supporting the DXY in the short term. Technical indicators show a general upward trend, with the 20-day average above the 50-day average and the latest closing price increasing by 0.06%. The RSI is at 49.8, which is at a moderate level, indicating no overbuying or overselling signal. The MACD is slightly below the signal line, suggesting a slight downward pressure in the short term, but considering the strong trend, this pressure may be temporary. As a result, it is expected that the DXY will show a slight increase within 1-3 days due to the impact of the news.

USDTRY continues its short-term upward trend. The RSI is at 60, not yet approaching overbought territory, while the MACD remains positive above its signal line. The price is trading above both the 20-day and 50-day moving averages. Rising US inflation expectations could support the dollar and increase upward pressure on USDTRY. However, the pace of the rise may remain limited as the market focuses on the Fed's interest rate policy.

Rising June inflation expectations could increase concerns that the Fed may delay interest rate cuts, potentially putting pressure on technology stocks. The RSI on the NDX is at 40, indicating weakness, while the MACD line is below the signal line and in negative territory, suggesting that short-term bearish momentum may continue. The price being below the 20- and 50-day moving averages makes the technical outlook negative. The 2.4% decline in the last 24 hours confirms increasing selling pressure. However, the RSI not yet reaching oversold territory suggests that the decline may continue somewhat but could be limited.

The news indicates that rising inflation expectations could keep demand for inflation hedges like gold alive. However, technical indicators are sending mixed signals: the RSI is neutral at 48, while the MACD line remains below the signal line. Short-term moving averages (SMA20 and SMA50) are well below the current price, suggesting the price is overextended relative to these averages and signaling a potential correction risk. The limited 0.39% rise in the last 24 hours shows the market has yet to establish a clear direction. Therefore, a sideways trend can be expected in the short term.