Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Norway Core Inflation Rises to 3% in August 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
German Inflation Accelerates to 2.9% in August 
China Inflation Accelerates in August as CPI, PPI Rise 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Asian Stocks Mixed as Korean Chipmakers Rally 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Fitch Eyes Japan Budget for Fiscal Discipline 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
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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
