Expectations Announced Ahead of US July Inflation Data
📊 NDX — Piyasa Yorumu
■ neutral · 55%The NDX is trading just below its 20-day moving average, with the RSI at 49.6, indicating a neutral stance. The MACD remains below its signal line, suggesting weak short-term momentum. The market may adopt a cautious wait-and-see approach ahead of the July inflation data. A deviation from expectations could clarify the direction, but for now, there is no clear signal. Therefore, I expect a sideways movement in the short term.
📊 DXY — Piyasa Yorumu
■ neutral · 55%The U.S. dollar index (DXY) is trading above its 20- and 50-day moving averages, with the Relative Strength Index (RSI) at 61, indicating a mildly strong momentum. The Moving Average Convergence Divergence (MACD) is positive but close to its signal line, suggesting weak momentum. Market participants may adopt a cautious stance ahead of the inflation data release, increasing the likelihood of a sideways movement in the short term. Should the data deviate from expectations, the direction could become clearer, but for now, there is no clear signal.
📊 GLD — Piyasa Yorumu
■ neutral · 55%Uncertainty ahead of the inflation data is complicating short-term direction determination. Although technical indicators point to a strong uptrend, the RSI at 66 is approaching overbought territory. The MACD remains below the signal line, which could indicate weakening momentum. The price is trading above the SMA20 and SMA50, but volatility could increase if the inflation data deviates from expectations. Therefore, I expect a sideways movement and clarification after the data release.
📊 SPX — Piyasa Yorumu
■ neutral · 60%Markets are trading cautiously ahead of the inflation data release. The index remains above its 50-day moving average but below the 20-day moving average, indicating short-term directional uncertainty. The RSI is neutral at 49, while the MACD continues to stay below its signal line, suggesting weak momentum. The news headline indicates that prices may remain range-bound until the data is released. Therefore, rather than expecting a clear trend over the 1-3 day horizon, increased volatility after the data release is more likely.