DXY

The CPI data, which remained above expectations and continued its solid outlook, and the delay in the Fed interest rate cut had a significant impact on global market pricing behavior. The CPI data for April to come from the US in the middle of the week is expected to affect every financial asset from A to Z. The classic Dollar index accepts the 34-day average as the bottom before the critical CPI data and continues its course above the 34 and 100-day averages (104.25 - 104.98 region). This attitude keeps the expectation of reaching the 107 level tested on October 3, 2023 on the table. When we look at today, the FOMC member statements that we will follow throughout the week can be examined. The 105,160 level can be followed in intraday downward movements. In case of falling below this level, the 105,010 support may become important. In possible increases, 105,580 and 105,850 will be monitored as resistance levels. Support: 105,160-105,010 Resistance: 105,580-105,850