Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Trump has made more than $1 billion from crypto in a year. How? 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
AI can be a personal trainer in your pocket – but is it safe? 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
A latest proposal by Greece seems to have improved the mood among Euro zone creditors.
French president Francois Hollande, who have been trying hard to secure a deal said that the reforms submitted by Athens remain credible and serious. He went further to say that Greeks have shown determination to stay within Euro zone.
According to a senior EU official, a deal could be done by Saturday and there would be no need for a European leaders' summit on Sunday.
Euro moved up in cheers, trading at 1.116 against dollar. Traded as high as 1.118 so far. Further rise is likely.
As of now, it seems conceivable that TROIKA will accept the proposal of reforms and push the ball on Finance Ministers' court on Sunday for final approval.
Though the deal seems convincing enough, market participants should remain cautious as history tells us that there has been no end to surprises in this Greek crisis.
Trade idea -
- Euro is likely to open gap up if a deal is secured by weekend. However a move to further highs remain limited.
- Euro is likely to face resistance around 1.132-1.135 area. Area around 1.125 also remains as significant resistance.
