Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
How AI prompting turned writerly description into an everyday skill 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Lot of economic dockets and events scheduled for today, some with high risks associated.
Data released so far -
- China - FX reserve dropped to $3.51 trillion.
- Japan - Preliminary reading shows Coincident index and leading economic index are both down marginally to 112.5 and 103.5 from prior 113.1 and 105 respectively. Bank of Japan (BOJ) kept monetary policies on hold. Press conference scheduled at 6:30 GMT.
- Germany - Industrial production dropped by -1.2% in August from July, up 2.3% y/y.
Upcoming -
- France - Trade balance for August to be released at 6:45 GMT.
- Switzerland - FX reserve to be released at 7:00 GMT.
- Spain - Industrial output for August to be released at 7:00 GMT.
- Euro zone - ECB will be holding its non-monetary policy meeting in Frankfurt around 7:00 GMT.
- UK - Industrial and manufacturing production for August to be released at 8:30 GMT, followed by NISER GDP estimate at 14:00 GMT and RICS house price balance at 23:00 GMT.
- US - MBA mortgage application to be released at 11:00 GMT, followed by consumer credit change at 19:00 GMT. EIA will release weekly crude oil report at 14:30 GMT.
- Canada - Building permits for August to be released at 12:30 GMT.
- Japan - Trade balance, Machinery orders and foreign investment statistics all to be released at 23:50 GMT.
- Auctions - German and US will auction 10 year bond today.
