Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
Iran Economic Crisis Forces Afghan Families to Return Home 
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount 
China’s Slower Loan Growth Becomes ‘New Normal’ as Credit Demand Weakens 
Asian Stocks Rise as Investors Brace for Fed Rate Decision 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
Hong Kong Unveils First Five-Year Plan to Boost Finance, Tech and Housing 
Yemen Fighting Threatens Red Sea Oil Routes 
Supertanker Orders Surge as US-Iran War Reshapes Oil Trade 
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The U.S. Treasuries jumped during Monday’s afternoon session, after investors shifted toward safe-haven assets following President Donald Trump’s increased pressure on China on Sunday to reach a trade agreement, threatening to raise tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent as of Friday, unless any further progress is made at the trade meetings scheduled for later this week.
Now, investors will be looking forward to the Federal Open Market Committee (FOMC) speakers Harker and Williams’ speech, due for today at 13:30GMT and 14:00GMT respectively for further direction in the debt market.
The yield on the benchmark 10-year Treasury yield slumped nearly 5 basis points to 2.482 percent, the super-long 30-year bond yields suffered 3-1/2 basis points to 2.891 percent and the yield on the short-term 2-year plunged 5 basis points to 2.288 percent by 11:20GMT.
In reaction to renewed escalation in US/China trade tensions, US equity futures point to a lower opening today and stocks across Asia fell, Eurobank Economic Analysis & Financial Markets Research reported.
In FX markets, increased risk aversion favoured the JPY’s safe haven appeal, while the EUR/USD remained trapped within the 1.1100-1.1300 range that has been prevailing since early April, in spite of solid US labour data, the report added.
Meanwhile, the S&P 500 Futures remained flat at 2,937.38 by 11:25GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 34.56 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
