1. GBP/USD Analysis:

News Summary:

MUFG expects the Bank of England to raise interest rates by 25 basis points at its next meeting, followed by another rate hike in February next year, ultimately pushing the policy rate to a peak of 4.25%. As rising energy prices gradually feed through to household bills, UK headline inflation is expected to climb above 4% in the coming months. Energy prices have remained elevated for longer than anticipated and have risen further in recent months.

Trend Analysis:

On the H4 chart, we can see GBP/USD has been fluctuating upward and is trading above the 48 hours moving average. Meanwhile, the MACD double line and histogram bars are converging above the zero axis. The buy limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.3300]

Key Resistance Levels: [1.3470]
Pivot Points [1.3350]

2. Crude Oil Analysis:

News Summary:

Iran previously relied on dozens of oil tankers to store large volumes of crude oil in relatively safe waters across Asia, allowing it to continue selling the oil and generating substantial US dollar revenues. However, this crucial buffer has now been nearly exhausted. According to energy intelligence agencies, Iran's overseas floating oil inventories had been completely depleted by mid-October. The US Navy's blockade has prevented Iran from replenishing its crude oil supplies. The sharp decline in oil revenues has further intensified the country's already severe economic pressures.

Trend Analysis:

We can see crude oil has rebounded again on the H4 chart and is trading above the 48 hours moving average. On the other hand, the MACD double line and energy bars are converging near the zero axis.

Today's Key Price Levels:

Key Support Levels: [97.00]

Key Resistance Levels: [105.00]

Pivot Points [98.00]