U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
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
