UK Aug CPI came unchanged 2.2% y/y as expected, while core CPI jumped to 3.6% y/y compared to a forecast of 3.5% y/y. The probability of rate pause increased to 63% after solid CPI data.
Major resistance- 1.32665
Near-term resistance - 1.3230
Minor support- 1.3140,1.3080
Trend reversal level- 1.3000


China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts
Trump Suspends Some Morocco Fertilizer Tariffs to Ease U.S. Supply Shortage
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply
Dollar Slips Ahead of Key U.S. Jobs Data as Fed Rate Outlook, ECB, and Iran Talks Shape Forex Markets
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan
Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 



