FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
U.S. Stock Futures Rise Ahead of Holiday-Shortened Week as AI Optimism Lifts Tech 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Yen Slides as BOJ Caution Undercuts Rate Hike Impact 
The Australian bonds slumped Wednesday tracking weakness in the U.S. treasuries as investors digest weak economic data ahead of the Federal Reserve’s Jackson Hole Economic Policy Symposium scheduled for this Friday in Wyoming.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose more than 3 basis points to 2.685 percent, the yield on 15-year note also climbed 3 basis points to 2.983 percent and the yield on short-term 2-year rose 2 basis points to 1.847 percent by 03:20 GMT.
There are some expectations that Federal Reserve Chair Janet Yellen could highlight the need to keep a watchful eye on risks to inflation goals and financial stability at the Jackson Hole meeting. However, the outlook is more or less consistent with a report from Reuters last week that detailed two unnamed sources' expectations that Draghi will not deliver a new stance on the state of monetary policy.
Also, the markets were jittery after the start of annual military exercises by South Korean and U.S. forces angered North Korea, which denounced the joint drills as a step toward nuclear war.
In the U.S., the Philadelphia Fed non-manufacturing business outlook survey's broadest measure of manufacturing conditions, the diffusion index of current activity, fell slightly from 19.5 in July to 18.9 in August. Also, the U.S. home prices rose 1.6 percent in the second quarter of 2017 according to the Federal Housing Finance Agency's House Price Index (HPI). House prices rose 6.6 percent from the second quarter of 2016 to the second quarter of 2017.
Meanwhile, the S&P/ASX 200 index plunged 0.82 percent to 5,696.5 by 03:20 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at -7.76 (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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