Today ( April 2026, Friday, ) at 15:30' (, the US March inflation data )T‌Sİ#Altın ve # will be announced, which will be a critical turning point for global markets.

Current expectations and possible market reactions are as follows:
1. Expectations and Critical Data
Yearly CPI Expectation: The market expects annual inflation to rise to the %3,3 - %3,4 level.
Monthly Increase: A fairly sharp increase of around %0,9 is forecast on a monthly basis. The main reason for this is that, driven by the recent US-Iran tensions, oil prices have risen above 4 dollars per gallon and energy costs have jumped.
Core Inflation: It is expected that the core data excluding energy and food will remain unchanged at %0,3 monthly and %2,7 annually.
2. Possible Impacts on Markets
(Silver
Above Expectation )%3,4+(: This strengthens the possibility that the Fed will push back interest-rate cuts toward the end of the year. While this moves US bond yields and the US dollar index )DXY( higher, it may create short-term selling pressure in gold and silver.
Below Expectation )%3,2-(: Signs of cooling inflation could revive hopes for rate cuts. This may trigger a rapid upside move )rally( in precious metals.
Cryptocurrencies )#Bitcoin(
Bitcoin is currently highly sensitive to macro data. If inflation comes in higher, it may trigger a )risk-off$BTC risk-aversion mode, causing liquidity to get trapped in altcoins. However, we can also see that if inflation driven by energy costs strengthens the “monetary devaluation” scenario, Bitcoin may differentiate itself as a hedge against inflation.
Stock Markets (S&P 500 and Borsa Istanbul)
US Stock Markets: Concerns that rising energy costs may pressure corporate earnings could lead to sell-offs in the Nasdaq and #SPX500 on an above-expected release.
#Borsaİstanbul: A decline in global risk appetite could also weigh on BIST; however, any possible movement in exchange rates will try to balance the index via exporting companies.