UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Gold Prices Rise as Yen Rally Weakens Dollar 
ECB Rate Hike in Focus as Oil Tops $100 
German Inflation Accelerates to 2.9% in August 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Norway Core Inflation Rises to 3% in August 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
China Inflation Accelerates in August as CPI, PPI Rise 
South Korea GDP Surges on Chip and AI Boom 
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Swiss GDP surged to 0.70% Q/Q in Q2, above the forecast of 0.60% from 0.50% Q1. The jump was mainly led by the pharma and chemical industries.
Switzerland's CPI declined to 1.1% y/y compared to a forecast of 1.2%. Prior 1.3%. Core inflation came at 1.1% y/y from the previous month's 1.1%.
The strong growth and easing inflation will increase the chance of further rate cuts by SNB.
Major resistance- 0.8640
Near-term resistance - 0.8540,0.8600
Minor support- 0.8474,0.8435.
Trend reversal level- 0.838.
