Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
The U.S. Treasuries remained range-bound Tuesday, as investors wait to watch the country’s consumer price inflation (CPI) data for the month of May, scheduled to be released today by 12:30GMT and the Federal Open Market Committee’s (FOMC) policy statement due on June 13 for added direction in the debt market.
The yield on the benchmark 10-year Treasuries rose 1/2 basis point to 2.96 percent, the super-long 30-year bond yields hovered around 3.10 percent and the yield on the short-term 2-year traded nearly flat at 2.53 percent by 11:40GMT.
The key event in the US will obviously be the two-day FOMC meeting, which concludes on Wednesday. A further 25 basis points rate hike, lifting the target fed funds range to 1.75-2.0 percent, is fully priced by the market. Most interest will center on the Fed’s updated projections and Chair Powell’s post-meeting press conference for clues on how policy is likely to evolve over the remainder of this year.
Ahead of the FOMC meeting, today’s CPI report for May will be of significant interest to the markets – core CPI is likely to benefit from above-potential economic growth to post a rise of 0.2 percent m/m in line with the recent trend, while the headline index might rise 0.3 percent m/m on the back of higher fuel and food prices too – as will be elements of Wednesday’s PPI report for May. On Thursday, the advance retail sales report for May will cast light on how consumer spending is evolving in Q2.
Meanwhile, the S&P 500 Futures slipped 0.05 percent to 2,785.25 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bullish at 127.27 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
