Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control 
South Korea's $17.3 Billion Emergency Budget Targets Oil Price Surge 
Oil Prices Hold Near Multi-Year Highs Amid Iran Conflict and Hormuz Supply Fears 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Japan's Business Confidence Rises Despite Iran War Uncertainty, BOJ Rate Hike Expected 
Dollar Surges to Monthly High as Middle East Conflict Rattles Global Markets 
U.S. Dollar Posts Strong Monthly Gain Amid Middle East Conflict Despite Late Dip 
China Manufacturing PMI Hits 12-Month High Amid Energy Price Concerns 
Asian Stocks Surge on Trump's Iran War Comments and Dip-Buying 
WTO Ministerial Collapse Leaves Global Digital Trade Rules in Limbo 
Dollar Surges to Nine-Month High as Middle East Tensions Drive Safe-Haven Demand 
Iran Strikes Oil Tanker Near Dubai Amid U.S. Threats and Ongoing Middle East Conflict 
Canada's Economy Grows Modestly in January 2025, Driven by Energy and Construction 
Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals 
Oil Prices Climb as Middle East Conflict Keeps Supply Risks Elevated 
Gold Prices Rebound But Head for Worst Month Since 2008 Amid Iran War Uncertainty 
U.S. Stock Futures Surge After WSJ Report on Trump's Iran War Exit Strategy 
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
