China Inflation Accelerates in August as CPI, PPI Rise 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
German Inflation Accelerates to 2.9% in August 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Mixed as Korean Chipmakers Rally 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
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The UK Consumer Price Index (CPI) for September has decreased to 1.7% year-on-year, falling short of the expected 1.9%. Additionally, Core CPI declined to 3.2% year-on-year, down from the previous month’s 3.6% and below the anticipated 3.4%. This dip in CPI is below the Bank of England's (BoE) target of 2%, raising the likelihood of a rate cut at the upcoming BoE meeting. Following the disappointing UK CPI data, the probability of a rate cut has surged to 80%, which is viewed negatively for the Pound Sterling.
Key Technical Levels
Major Resistance: 1.3070
Near-term Resistance: 1.3020
Minor Support Levels: 1.2960, 1.2880
Trend Reversal Level: 1.3150
