Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
How AI prompting turned writerly description into an everyday skill 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
When everyone was thinking that European Central Bank (ECB) to cut deposit rates by another 10 basis points to -0.3%, and German bonds pricing it, it just started pricing a bit more.
German 2 year yield has fallen to new record low, in anticipation of further stimulus from ECB. Price moved higher, while yield dropped to -0.37%.
There are no obvious catalyst for today's move rather than positioning ahead of and in anticipation of further easing from ECB in December. 2 year yield has been negative since August 2014.
However, it could pose greater problem for Bundesbank. As per the current ECB program, Bundesbank needs to purchase € 10 billion worth of bonds per month. For Germany, yields are now below deposit rate (-0.2%) till 4 years, which means under current program they are not eligible for the bank to buy.
Bundesbank chief is likely to highlight the issue in next governing council meeting as Bundesbank might have to extend duration of the purchase portfolio.
Euro is currently trading at 1.071 against Dollar.
