Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Australian Household Spending Dips in December as RBA Tightens Policy 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
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
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