Today’s space race could turn fatal if we don’t agree on new rules 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
Dollar is taking a sharp hit ahead of the meeting as Durable goods order, a measure of economic and industrial strength fail to impress upon.
By some measures, the economic data was strong enough, but fails to provide enough of conviction over US economic strength.
Key highlights -
- Headline number showed, orders grew by 3.4% in June, however orders excluding transportation rose only by 0.8%.
- Fabricated metals orders were up 2.0% in June, the third consecutive increase.
- Machinery orders also increased every month in Q2.
- Weakness remained persistent in defense and transports. Though airplane orders remains solid, but volatile.
Since headline numbers got a boost from 66% rise in civilian aircraft orders, dollar was pushed back sharply after initial gains.
However the data pose early evidence that manufacturing activity might be picking up once more after first quarter slump.
Dollar is sharply down across the board today.
- Euro is up 1.22% against dollar so far.
- Pound is up 0.65% against dollar so far.
- Yen is up 0.45% against dollar so far.
- Franc is up 0.65% against dollar so far.
