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 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Trump has made more than $1 billion from crypto in a year. How? 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Lot of economic dockets to be released today with high risk associated.
Data released so far -
- Australia - Private capital expenditure dropped by -4.4% in first quarter.
- Germany - Import price index grew 0.6% m/m in April, still down by -0.6% on yearly basis.
- Switzerland - Swiss trade balance in April reached 2.86 billion CHF, higher than prior 2.5 billion.
Upcoming -
- Spain - GDP estimate for first quarter along with retail sales to be released at 7:00 GMT.
- Switzerland - Industrial production details for first quarter to be released at 7:15 GMT.
- Italy - Consumer confidence is scheduled at 8:00 GMT.
- UK - Preliminary estimate for first quarter GDP along with mortgage approvals stat will be released at 8:30 GMT. GFK consumer confidence is scheduled at 23:00 GMT.
- Portugal - Confidence survey for consumers and business are scheduled for release today.
- Euro zone - Several sentiment indicator to be released at 9:00 GMT, Consumer confidence, services sentiment, economic sentiment, business climate, industrial confidence. European financial stability report will be released at 10:00 GMT.
- US - Low key economic releases are scheduled from US. Initial jobless claims is scheduled at 12:30 GMT, followed by pending home sales at 14:00 GMT. EIA will release weekly storage estimate of natural gas and crude at 14:30 and 15:00 GMT. FED's Kocherlakota is scheduled to speak at 18:45 GMT.
- Canada - Canada will release first quarter current account details at 12:30 GMT along with industrial product and raw material price details.
- New Zealand - Building permits for April is scheduled for release at 22:45 GMT.
- Japan - Lot of data from Japan. CPI stats for April will be released at 23:30 GMT along with unemployment details. Industrial production details will be released at 23:50 GMT.
- Auctions - US will auction 7 year note at 17:00 GMT.
