Australia’s Labour Market Weakens as November Employment Drops Sharply 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
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
