South Korea Warns Weak Won Could Push Inflation Higher in 2025 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Australia's retail sales surged 0.70% m/m in August, well above the expected 0.40%. Annual retail sales rose by 3.1%. The jump was mainly due to warm weather, which increased the sales of clothing and cafes.
Robert Ewing, head of business statistics at the Australian Bureau of Statistics (ABS), explained that “this year was the warmest August on record since 1910, which saw more spending on items typically purchased in spring.” Categories that saw increased demand included summer clothing, liquor, outdoor dining, hardware, gardening supplies, camping gear, and outdoor equipment.
Major resistance- 0.7000
Near-term resistance - 0.6950
Minor support- 0.6860,0.6800
Trend reversal level- 0.6620
