How AI prompting turned writerly description into an everyday skill 
AI Memory Boom Sparks Global Chip Supply Crunch 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
European Central Bank president Mario Draghi is testifying before a European Parliament committee.
Key highlights on Greece -
- Draghi reiterated that European Central Bank is a rule based organization, so whatever its approach has been towards monetary policy and Greece it has been rule based so far and will continue to do so. So ECB has provided support for Greek financial system so far, which as of now stands at € 118 billion. Emergency lending assistance alone stands at € 83 billion.
- ECB might provide advisory services to the adjustment program however the decision to whether or not release the remaining fund lies with Euro group.
- Strong and credible agreement is not only in the interest of Greece but the Euro area as a whole.
- According to Draghi, ball lies squarely in Greek camp who now needs to move ahead and take the necessary action.
Euro remains stuck between Deal or No Deal, trading in tight range of 1.118 - 1.126 against dollar. Though range remained tight, implied volatility on 1 month options have reached highest level since 2011.
