Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
The U.S. Treasuries slid Monday after the country’s Senate approved the budget blueprint, adding to hopes among the investors for investment in riskier assets ahead of the 2-year and 5-year auctions scheduled through this week.
The yield on the benchmark 10-year Treasury climbed nearly 1-1/2 basis points to 2.39 percent, the super-long 30-year bond yields also rose close to 1-1/2 basis points to 2.90 percent and the yield on short-term 2-year note 1 basis point higher at 1.58 percent by 10:15GMT.
In the US, the focus in the coming week will likely be on Friday’s first estimate of Q3 GDP, with growth expected to have slowed to about 2.5 percent q/q annualized from 3.1 percent q/q ann. in Q2. However, ahead of Friday, estimates might well be refined depending on the outcome of Wednesday’s September durables goods orders report and Thursday’s advance September goods trade and inventory reports.
Other reports of note this week include tomorrow’s flash PMIs for October and the final University of Michigan consumer survey results for October (Friday). Adding to a busy diary, more than a third of the companies in the S&P500 will report their Q3 earnings. And while there is no Fed-speak due to the black-out period ahead of the November 1 FOMC meeting, investors will be attuned to any news on who President Trump might announce as his nominee to be the next Fed Chair when Janet Yellen’s current term expires.
Lastly, in the markets, the Treasury will sell 2Y notes on Tuesday, 5Y notes and 2Y FRNs on Wednesday, and 7Y notes on Thursday.
Meanwhile, the S&P 500 Futures traded 0.07 percent higher at 2,575.75 by 10:15GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 71.15 (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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