U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
Middle East Conflict Threatens Global Economic Stability, World Bank Warns 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal 
Oil Prices Crash Nearly 15% After Trump-Iran Ceasefire Deal 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
Asian Stocks Rally on Ceasefire Hopes and Bargain Buying 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
The U.S. Treasuries continued to fall Friday after the Federal Reserve kept its interest rates outlook unchanged in its last monetary policy meeting of this year concluded Wednesday.
The yield on the benchmark 10-year Treasuries climbed 1-1/2 basis points to 2.36 percent, the super-long 30-year bond yields rose nearly 1 basis point to 2.72 percent and the yield on the short-term 2-year traded nearly 1-1/2 basis points higher at 1.82 percent by 10:20GMT.
As expected by everyone, the Fed hiked the target range by 25 basis points to 1.25-1.50 percent. In line with market expectations, the median dots still signal three hikes in 2018 and slightly more than two in 2019. The longer-run dot was unchanged at 2.75 percent. The Fed still says that it is monitoring inflation ‘closely’. The Fed said it will stop commenting on the balance sheet reduction at every meeting and it will just run in the background unless something happens.
In the US, the November industrial production report is due along with the Empire Manufacturing survey for December. As far as the IP data go, firm job growth in the factory sector, as well as a buoyant production index on the ISM survey, suggests that we should see another solid gain in manufacturing output in November.
Moreover, higher crude oil prices are also likely to have incentivized greater activity in the mining sector. All in, our US chief economist Mike Moran looks for a gain of 0.5 percent m/m following growth of 0.9 percent m/m in October.
Meanwhile, the S&P 500 Futures traded 0.16 percent higher at 2,660.35 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -104.27 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
