FxWirePro- Major Crypto levels and bias summary 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
BTC Flat at $89,300 Despite $1.02B ETF Exodus — Buy the Dip Toward $107K? 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Today Germany will auction 2.5% August 2046 bonds, its first 30 year auction since January. That means investors will first time get a thirty year auction after European Central Bank (ECB) started its asset purchase program and recent rout in the market. Almost € 2 billion worth of bonds are expected to be sold today.
- Last time the yield average yield was around 1.07%. As of now secondary market is showing 30 year yield is now trading at 1.145%. On May 14th Yield touched 1.44%. Since then yield has tightened significantly.
After today's auction yield might tighten further. German 10 year is trading at 0.53% compared to 0.78% on May 14th.
If investors demand lower yields at today's auction, it will then indicate that fear of inflation have faded along with recent rout in prices.
Lower yields are expected to push Euro lower against dollar, which is currently trading at 1.092.
