US Inflation Turns Negative on Monthly Basis in June
📊 SPX — Piyasa Yorumu
▲ up · 60%The decline in inflation could strengthen expectations for a Fed rate cut and increase risk appetite. Although the SPX closed below the 20-day moving average (7544), it managed to hold above the 50-day moving average (7514). The RSI is in neutral territory at 45, while the MACD remains below the signal line. While the inflation news serves as a positive catalyst in the short term, weakness in technical indicators may limit the upside.
📊 NDX — Piyasa Yorumu
▲ up · 60%The decline in inflation could support risk appetite by increasing the likelihood of the Fed cutting interest rates. The NDX is showing potential for a short-term recovery, with the RSI approaching oversold territory at 38 and the MACD below its signal line. However, the price remaining below the 20- and 50-day moving averages suggests that upside movement may be limited. While the news is positive, the technical picture does not fully signal a strong rally.
📊 DXY — Piyasa Yorumu
▼ down · 70%Despite the DXY's RSI14 being in oversold territory at 29.17, the decline in inflation could strengthen expectations for a Fed rate cut, putting pressure on the dollar. The MACD line is below the signal line and in negative territory, indicating that short-term downward momentum may continue. The price is trading below both the 20-day and 50-day moving averages, presenting a technically weak outlook. However, oversold conditions could trigger some buying interest, so the bearish expectation is high but not certain.
📊 GLD — Piyasa Yorumu
▲ up · 65%Falling inflation increases the likelihood of a Fed rate cut, which could boost demand for safe-haven assets like gold. Technically, the RSI approaching the 30 level signals oversold conditions and potential for a short-term recovery. Although the MACD is in negative territory, the price being well above the 20- and 50-day moving averages confirms a strong uptrend. The 1.9% gain in the last close can be seen as a positive reaction to the news. However, since the impact of macroeconomic data may remain limited, the upside expectation is expressed with moderate confidence.