Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
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Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears 
Xi Jinping Pushes Demand-Driven Strategy to Modernize China's Service Sector 
Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets 
Trump Suspends Iran Strikes for Two Weeks as Ceasefire Talks Begin 
Asian Stocks Rally on Ceasefire Hopes and Bargain Buying 
U.S. Stock Futures Surge as Trump Announces Iran Ceasefire, Oil Prices Plunge 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
The Australian bonds remained upbeat Tuesday in thin trading activity that witnessed data of little economic significance and as the country’s weekly consumer confidence edged slightly lower for the second straight week in a row.
Also, investors shall be awaiting to read along the lines of the Reserve Bank of Australia’s (RBA) Assistant Governor Debelle’s speech, scheduled later in the day for further direction in the debt market.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, plunged nearly 2 basis points to 2.37 percent, the yield on 15-year note slumped close to 3 basis points to 2.72 percent and the yield on short-term 2-year traded 1-1/2 basis points lower at 1.66 percent by 03:50 GMT.
ANZ-Roy Morgan Australian Consumer Confidence edged 0.5 percent lower last week, down for the second week in a row. The sub-indicators continue to show volatility. After a sharp drop the previous week, households’ views around current financial conditions were largely unchanged (down 0.2 percent), while views towards future conditions fell 1.7 percent, following four consecutive weeks of gains.
"The labour and housing markets will likely continue to be important influences on confidence. Any further improvement in the unemployment rate would be positive, although the recent softness in the housing market suggests that it will not provide significant support for confidence over the near term," said Felicity Emmett, Senior Economist, ANZ Research.
Lastly, with some Asian markets returning from holiday today, the trading tone may remain tentative for this week with little economic data to watch for.
Meanwhile, the ASX 200 index fell 0.19 percent to 5,657.50 by 04:10GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained highly bullish at 147.77 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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