Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
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
