Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Today’s space race could turn fatal if we don’t agree on new rules 
How Donald Trump has changed the way diplomacy is done 
How AI prompting turned writerly description into an everyday skill 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
AI Memory Boom Sparks Global Chip Supply Crunch 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Today Italy auctioned 5 year and 10 year bonds. The auction provides hint over Euro zone bond market and Italy's.
- Italy had to pay higher for today's auction compared to last, showing that investors are somewhat concerned over lending to Governments at near zero yields. Average yield it paid for 5 year bonds rose to 0.85% from 0.63% at last auction. For 10 year yield cost rose to 1.83% from 1.4% just about a month back.
Yields are still considerably low, however up significantly when compared to their recent low after European Central Bank (ECB) announced asset purchase. 5 year yield hit record low at 0.438% and 10 year hit 1.128%.
While higher yield showed concerns over lending at such low rates, demand showed that fear is unnecessary over recent rout.
- Bid to Cover ratio rose to 1.48 for 5 year bonds from 1.36 prior, however dropped to 1.44 from 1.59 for 10 year auction.
Demand pattern shows that short end of the Euro zone curve would remain well anchored due to ECB asset purchase program.
