US October PPI Below Expectations: 0.3%
📊 GOOGL — Piyasa Yorumu
▲ up · 55%The lower-than-expected 0.3% US October PPI can be interpreted as a sign that inflation pressure is easing, suggesting the Fed may be closer to an interest rate cut; this creates a mildly positive backdrop for growth stocks in the short term. GOOGL has risen 3.1% in the last 24 hours and is above its SMA50 (290.9), but just below its SMA20 (296.1); RSI at 51.6 is in neutral territory and below the MACD signal line, meaning momentum is not yet strong. The news alone is not a strong catalyst; the macro data is not stock-specific and its impact may remain limited. Therefore, although I see a slight upward bias, I keep confidence medium-low; if a sustained move above the 296 level is achieved, the upward tendency could strengthen.
📊 DXY — Piyasa Yorumu
▲ up · 55%The lower-than-expected US October PPI reading of 0.3% signals easing inflation pressures and could strengthen expectations for Fed rate cuts; while this is normally negative for the dollar, the DXY's technical outlook remains strong. With RSI at 68 approaching overbought territory, MACD above its signal line, and price trading above SMA20/SMA50, short-term momentum is upward. The news impact may be limited as the market reacts quickly to such data and then returns to technical levels. Support is seen at 103.23 (SMA20), with resistance at 103.60-103.70. Confidence level is moderate due to mixed signals.