Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
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
