Eurozone Annual Inflation Rises to 3.2% in August

The rise in Eurozone inflation to 3.2% may signal that the ECB could delay interest rate cuts, but the direct impact on GOOGL is limited. Since the company's main revenue source is the US and advertising, European macro data is not decisive in the short term. Technical indicators are mixed: RSI at 58 is neutral, MACD is slightly below the signal line, and the price is just above the SMA20. The change over the last 24 hours is flat. Therefore, a neutral outlook stands out for the 1-3 day direction.

The rise in Eurozone inflation to 3.2% may strengthen expectations that the ECB could delay interest rate cuts or adopt a more hawkish stance, creating a slightly positive effect for the EUR. However, the current technical picture is weak: the price is below the SMA20 and SMA50, MACD is in negative territory, and RSI at 43.7 is neutral-weak. Therefore, the impact of the news may be limited, and upward attempts could face selling pressure in the 1.1480-1.1500 resistance zone. In the short term, the 1.1450 support is critical; a drop below this level could strengthen the downward trend. Overall, while the news is slightly positive, technical indicators suggest caution.

In the Eurozone, inflation rising above expectations signals that the ECB may further tighten its interest rate hike cycle. This could suppress global risk appetite and lead to capital outflows from emerging markets. In Turkey, it may create additional depreciation pressure on the Turkish lira and increase upward risks on domestic interest rates. In the short term, volatility and selling pressure may be seen in Borsa Istanbul.