Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
AI Memory Boom Sparks Global Chip Supply Crunch 
Today’s space race could turn fatal if we don’t agree on new rules 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Yesterday commentary from ECB official Mr. Coeure had hit Euro the hardest, souring the recent bull trend in Euro.
- For the month of May and June, ECB will be frontloading asset purchase which means ECB will be buying more bonds while adjusting it for later. Moreover ECB stands ready to increase pace of purchase or extend the purchase target if required.
This statement created havoc for Euro which fell from 1.1325 to 1.109 as of now against dollar.
However German bund yield is showing resilience.
- At one point 10 year bund yield was trading at 0.56%, however recovered loss sharply and traded as high as 0.64% and settling finally around 0.61% yesterday.
Today, Bund has opened with a gap currently trading at 154. Euro loss will sharpen if bund yields get back on their downward trajectory.
