In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
AI can be a personal trainer in your pocket – but is it safe? 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Euro in recent days gained massive against Dollar. The reasons Euro was up could reverse going ahead pushing single currency down
- Massive risk aversion led to rapid unwinding of Euro based carry trades, which boosted the single currency to trade as high as 1.172 against Dollar. This trend could see some reversion as risk aversion fades slowly.
- Recent rise in volatility and stock market turmoil has pushed FED rate hike bets away from September. If financial market is able to find its groove back Dollar is likely to rise once again as FOMC come into focus.
- Actions of rate cuts and reserve requirement cuts are likely to fuel risk on theme leading to the above two.
Trade idea
- Euro is currently trading at 1.148 against Dollar. Sell Euro against Dollar targeting 1.12 as initial target, though downfall might extend towards 1.118 area. Resistance lies around 1.163 zone.
