Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
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 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
AI Memory Boom Sparks Global Chip Supply Crunch 
Lot of economic dockets scheduled for today. Focus is on GDP data from US.
Data released so far -
- China - CB leading economic index stayed at 1.1 in May.
Upcoming -
- France - First quarter GDP to be released at 5:30 GMT, median expectation is growth of 0.6%.
- Switzerland - UBS consumption indicator will be released at 6:00 GMT. SNB will release quarterly bulletin at 13:00 GMT.
- Germany - IFO sentiment indicator to be released 8:00 GMT.
- Italy - Italy will release wage inflation statistics at 8:00 GMT, for month of May. In April wages grew by 1.2% y/y. Better reading might spark selloffs in bonds.
- UK - BBA mortgage approvals to be released at 8:30 GMT.
- Euro zone - Euro group finance ministers are holding meeting to reach a resolution point prior to Euro zone leaders' summit starting tomorrow.
- US - MBA mortgage application is scheduled for release at 11:00 GMT, followed by first quarter US GDP and PCE at 12:30 GMT. Expectation is contraction by -0.2% in first quarter. Personal consumption expenditure (PCE) is expected to grow at 0.8%. EIA will declare crude stocks at 14:30 GMT.
- Auctions - US will auction 5 year bond at 17:00 GMT.
