Trump has made more than $1 billion from crypto in a year. How? 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
AI can be a personal trainer in your pocket – but is it safe? 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Saudi Arabia has raised crude oil output to the highest level on record.
OPEC's monthly oil report showed Saudi Arabia increased production by more than 0.2 million barrels per day in June and pushed the net production to 10.6 million barrels/day.
Strategy of Saudi Arabia has been to crowd out the market and push prices lower such that high cost producers had to lose customer base due to their irregular supply over low or no profit even loss.
Saudi Arabia producing 10.6 million barrels/day, US producing 9.7million barrels/day, Russia producing 10.5 million barrels/day and OPEC regularly beating 30 million barrels/day production quota oil market is likely to remain oversupplied in the foreseeable future.
Moreover a deal with Iran might get sealed by this month with international superpowers which would mean additional supply to an already oversupplied market.
WTI crude is currently trading at $51.8/barrel, with $6.6/barrel discount to Brent.
As suggested in previous posts, WTI is likely to drop further around $42 area. As of now Key resistance lies at $61 area.
