Group 1 - The core point of the news is that the GBP/USD pair experienced a decline despite a surprising increase in UK retail sales, which rose by 0.5% in September against an expected decrease of 0.2% [1] - The focus is now shifting towards the upcoming UK PMI and US CPI data, with the market awaiting the release of the US Consumer Price Index for September [1] - The GBP/USD pair has been trading in a narrow range around 1.3350, with four consecutive days of negative closing, indicating a prevailing bearish trend [1] Group 2 - Technical analysis shows that GBP/USD is trading around 1.3348, slightly lower than the opening price of 1.3351, indicating a lack of significant daily movement [2] - The short-term trend remains bearish as the spot price is below the declining moving averages, with the 20-period EMA at 1.3368, 50-period EMA at 1.3381, and 100-period EMA at 1.3398 [2] - Initial resistance levels are identified at the moving averages, while key support levels are at 1.3292, 1.3244, and 1.3196-1.3200, which coincide with Fibonacci retracement levels [2]

Market Outlook - The S&P 500 Index (SPX) has rallied above its previous all-time closing high, prompting a reassessment of potential year-end targets, with a possible upside objective near 6,958 [1][2] - The current price action is deemed more significant than forecasts related to various uncertainties, such as tariffs and monetary policy [3][4] Technical Analysis - A potential short-term inflection point for the SPX is identified at 6,469, which is 10% above the 2024 close, with the index having rallied impressively after clearing this level [5] - The next level to watch is 6,760, approximately 10% above the previous all-time closing high in February, indicating a potential pause for those who bought the breakout [6][9] Market Sentiment - The Russell 2000 Index (RUT) is approaching new all-time highs, but short interest is at an all-time high, suggesting a divergence in sentiment between small-cap equities and larger stocks [10][12] - Despite concerns about market breadth and euphoria, analytics show that short interest levels do not indicate alarming optimism, providing a contrarian bullish perspective [11][12] Short Interest Dynamics - Total short interest on index components is at multi-year highs, which has historically been a bullish underpinning in a strong long-term technical backdrop [12] - The probability of a short squeeze in the small-cap space is higher now compared to previous years, with total short interest on RUT components nearly 20% higher than in November 2024 [13]

Group 1 - The market is experiencing fluctuations with a notable drop on Monday night followed by a rise on Tuesday night, indicating a lack of fundamental data driving trading decisions [3] - The gold price is currently facing resistance around the 3390-3400 range, which is seen as a critical turning point for potential upward movement [3][5] - The market sentiment is leaning towards bullish, but there is uncertainty as the price has not decisively broken above the 3400 level, which is necessary for further upward targets [3][6] Group 2 - The legal battle involving Cook and the White House regarding U.S. monetary policy is expected to have long-term implications, with the Federal Reserve maintaining that Cook's status remains unchanged until a court ruling [5] - The upcoming PCE data is anticipated to influence interest rate decisions, with expectations leaning towards a rate cut in September [5] - Short-term trading dynamics indicate a potential for gold to experience upward waves in the coming months, particularly in October and early next year [5][6]

Group 1 - The core agreement between UK Prime Minister Starmer and US President Trump focuses on trade facilitation measures for automotive, agricultural, and aerospace products, marking a significant milestone in their trade relations [3] - The agreement includes a reduction of US tariffs on key UK exports and an increase in UK import quotas for US agricultural products, although steel tariffs, a key UK demand, were not immediately addressed [3] - This trade agreement is the first formal deal reached since Trump announced tariffs on multiple countries, indicating a potential shift in trade dynamics [3] Group 2 - The technical analysis of London silver indicates a bullish trend, with the price creating higher highs and higher lows since early June, despite some market hesitation reflected in the candlestick patterns [4] - Key support levels are identified at $36.00 and $35.50, with a bearish reaction potentially challenging the bullish trend and revisiting the low of $34.20 from June 4 [4] - The target for the bullish trend is set at the $37.00 region, which corresponds to a significant Fibonacci retracement level, with further targets at $39.10 based on Fibonacci extension [4]