EURUSD

The emphasis on the upward risks of inflation in the FOMC minutes strengthened the dollar index. The EUR/USD pair fell approximately 0.6% to the level of 1.0940 in the last 24 hours. The concern mentioned in the minutes that "inflation may be more persistent than expected" reinforced the perception that the Fed may postpone interest rate cuts. Technically, the critical support level is 1.1090, while 1.0820 should be monitored as resistance. Europe's growth concerns and the resilient outlook of the U.S. economy support the decline in the pair.

Support :1.0650 - 1.0550 - 1.0450

Resistance :1.1350 - 1.1250 - 1.0950

French President Macron announced that they will recognize Palestine as a state.

The emphasis on the upward risks of inflation in the FOMC minutes strengthened the dollar index. The EUR/USD pair fell approximately 0.6% to the level of 1.0940 in the last 24 hours. The concern mentioned in the minutes that "inflation may be more persistent than expected" reinforced the perception that the Fed may postpone interest rate cuts. Technically, the critical support level is 1.1090, while 1.0820 should be monitored as resistance. Europe's growth concerns and the resilient outlook of the U.S. economy support the decline in the pair.

GBPUSD

The Sterling/Dollar exchange rate fell to 1.2610 with a decrease of 0.5% following the FOMC minutes. Despite signs of recovery in the UK economy, expectations that the US may continue its tight monetary policy are putting pressure on the exchange rate. The expectation that the BoE will initiate interest rate cuts later than the ECB provides limited support for the pound, while 1.2580 stands out as an important support level and 1.2980 as a resistance level. US-China trade tensions may increase risk perception, thereby increasing pressure on GBP.

Support :1.2250 - 1.2150 - 1.2050

Resistance :1.2650 - 1.2550 - 1.2450

Why is the British government planning to nationalize the steel factory?

The Sterling/Dollar exchange rate fell to 1.2610 with a decrease of 0.5% following the FOMC minutes. Despite signs of recovery in the UK economy, expectations that the US may continue its tight monetary policy are putting pressure on the exchange rate. The expectation that the BoE will initiate interest rate cuts later than the ECB provides limited support for the pound, while 1.2580 stands out as an important support level and 1.2980 as a resistance level. US-China trade tensions may increase risk perception, thereby increasing pressure on GBP.

XAUUSD

Gold continues its positive trend despite inflation concerns in the FOMC minutes and rising geopolitical risks. The yellow metal rose by 0.8% to reach $3,060 per ounce following the release of the minutes. Geopolitical tensions, the US-China trade war, and central banks' continuous gold purchases support prices. Technically, $3,220 is monitored as strong support, while $3,060 is seen as medium-term resistance. The strategy of central banks to increase gold reserves and the demand for safe havens keep gold's medium-term outlook positive.

Support :2277.65 - 2261.85 - 2240.65

Resistance :2351.65 - 2335.85 - 2314.65

WTIUSD

Crude oil rose by 2.3% to $58.40 per barrel following the release of the FOMC minutes. Despite the decision to gradually lift OPEC+ production cuts, oil prices reacted technically after recent sharp declines. The emphasis on inflation in the minutes provided support to commodity markets. The $56 level is being monitored as a significant support level while $60 serves as resistance. Ongoing trade tensions and concerns about global growth could increase volatility in oil prices.

Support :61.540 - 57.820 - 55.620

Resistance :73.720 - 69.740 - 67.540

Houthis: 6 people were killed in airstrikes conducted by the US in Yemen.

Crude oil rose by 2.3% to $58.40 per barrel following the release of the FOMC minutes. Despite the decision to gradually lift OPEC+ production cuts, oil prices reacted technically after recent sharp declines. The emphasis on inflation in the minutes provided support to commodity markets. The $56 level is being monitored as a significant support level while $60 serves as resistance. Ongoing trade tensions and concerns about global growth could increase volatility in oil prices.

DAXEUR

The German DAX index rose by 1.2% to reach the level of 19,230 following the FOMC minutes. The index provided a technical rebound after the sharp sell-offs in previous days. Although the signals in the minutes that the Fed may be more cautious than expected regarding interest rate cuts have increased global growth concerns, potential interest rate cuts by the European Central Bank (ECB) are supporting European stocks. The 19,000 level is critical support, while 19,500 is being monitored as short-term resistance. The deepening US-China trade war continues to pose risks for German exporters and the automotive sector.

Support :18017.21 - 17797.21 - 17597.21

Resistance :18857.21 - 18637.21 - 18437.21

New coalition government in Germany: CDU and SPD have reached an agreement.

The German DAX index rose by 1.2% to reach the level of 19,230 following the FOMC minutes. The index provided a technical rebound after the sharp sell-offs in previous days. Although the signals in the minutes that the Fed may be more cautious than expected regarding interest rate cuts have increased global growth concerns, potential interest rate cuts by the European Central Bank (ECB) are supporting European stocks. The 19,000 level is critical support, while 19,500 is being monitored as short-term resistance. The deepening US-China trade war continues to pose risks for German exporters a...

NDXUSD

The Nasdaq index rose by 1.8% to 18,050 following the release of the FOMC minutes. Particularly, large technology stocks found strong buyers due to the less hawkish economic outlook presented in the minutes. Expectations that the Fed may cut interest rates in the second half of the year supported the shares of technology companies with high growth potential. The 18,800 level is emerging as medium-term support for the index, while 18,200 is highlighted as resistance. However, concerns over the trade war and potential supply chain issues in the chip sector may continue to pose risks for technology stocks.

Support :18691.87 - 18523.18 - 18347.54

Resistance :19454.73 - 19180.18 - 19047.73

President Trump: The tariff rate on goods imported from China will be increased to 125%.

The Nasdaq index rose by 1.8% to 18,050 following the release of the FOMC minutes. Particularly, large technology stocks found strong buyers due to the less hawkish economic outlook presented in the minutes. Expectations that the Fed may cut interest rates in the second half of the year supported the shares of technology companies with high growth potential. The 18,800 level is emerging as medium-term support for the index, while 18,200 is highlighted as resistance. However, concerns over the trade war and potential supply chain issues in the chip sector may continue to pose risks for techn...