JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
Today's Focus is on durable goods orders from US.
Data released so far -
- Switzerland - UBS consumption indicator came at 1.19 compared to prior 1.11.
Upcoming -
- France - Business climate data will be released at 7:45 GMT.
- Spain - Producer price index came at 8:00 GMT. Improved data would be price supportive of Spanish stocks however yields might rise.
- Germany - IFO business survey details to be released at 9:00 GMT. Improved data would boost overall mood of investors towards Euro and DAX.
- Italy - Non EU trade statistics to be published at 9:00 GMT.
- UK - BBA Mortgage application to be released at 9:30 GMT. Weaker data might push pound further downwards.
- US - MBA mortgage application scheduled at 11:00 GMT. Vital is durable goods orders to be released at 12:30 GMT. Better data would strengthen dollar.
- Switzerland - SNB will release quarterly bulletin. Vital to look for changes in forecast or balance sheet that might impact franc.
- Auctions - 5 year note to be auctioned by US around 17:00 GMT.
