🕊️ Trump’s Rate-Limit and AI Doping: A Critical Balancing Process in Markets!

🌍 Global Markets and Geopolitical Balances
🔸Trump Brakes Are On: Amid US-Iran tensions, Trump’s remark that “negotiations can continue” put out the fire in markets. Backdoor diplomacy and technical talks support risk appetite, albeit only to a limited extent; however, for full relief, an official announcement of negotiations is required.
🔸Fed Expectations Move to the Forefront: Markets still expect a 1.5% rate hike, but with Trump limiting the tone, the expectation for the first rate hike shifted from December to October.
🔸Japan and US Treasuries: The Yen gained as Japanese pension funds shifted toward local assets, while bond yields fell. In a US 30-year Treasury auction, yields rose to 5.058% as demand increased.
💻 Technology Sector’s Chip Frenzy
🔹Mega IPOs: South Korea’s SK Hynix broke records by raising $26.5 billion from an ADR IPO in the US.
🔹China’s Move (ChangXin): China’s largest IPO will take place next week. State-backed ChangXin aims to end China’s dependence on foreign memory by building a domestic supply network. AI hype and the easing of tensions in the Gulf have reignited tech stocks.
📊 BIST 100: Can the 14,000 Fortress Be Defended?
Weak Technical Outlook: After the 14,400 support was broken, selling pressure increased.
Critical Levels: On the last day of the week, defending the 14,000 key support is vital. If this level breaks, the decline could deepen to 13,500 and 13,000. For upward momentum, the 14,600 resistance must be surpassed.
Heavy Agenda: The CPI data did not create the expected impact; all eyes are on reflections from the NATO meeting and on Fitch/Moody’s credit rating reviews coming in mid-July. Fund inflows could make optimism sustainable.
🪙 Precious Metals and Commodities
Oil Puts the Brakes on Gold and Silver: As the conflict risk eases, sharp rallies in precious metals are being limited. With high oil prices likely to trigger inflation and a hawkish Fed, the direction of oil will determine gold’s path.

🔸Gold per ounce: Trading sideways around the 4,110 USD level. Intraday resistances are 4,200 - 4,250 USD, while supports are at 4,100 - 4,000 USD.
🔸Silver: Short-term intermediate resistances are 61$ and 63$, while initial supports are in the 54-55$ area.
🔹#Bitcoin is positive and buyer-friendly: Resistance at 65,000.
Support at 61,500
#BIST100 #Market Summary #TeknolojiHisseleri #Gold #FED #GeopoliticalRisk #SKHynix #Borsaİstanbul