Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Today’s space race could turn fatal if we don’t agree on new rules 
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 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
Not many economic dockets scheduled for today, with US closed for thanksgiving.
Data released so far -
- Australia - Private capital expenditure dropped -9.2% y/y in third quarter.
Upcoming -
- Spain - Third quarter GDP report to be released at 8:00 GMT. Prior 3.1% y/t, expected 3.4%.
- Switzerland - Industrial production for third quarter to be released at 8:15 GMT. Prior -2.4% y/y.
- Euro zone - Private loans and money supply details to be released at 9:00 GMT for October.
- UK - Financial stability report will be released at 9:30 GMT.
- Germany - GFK consumer confidence survey to be released at 12:00 GMT
- Japan - Inflation report to be released at 23:30 GMT, along with unemployment report for October.
