Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
- US treasury yields are dropping across board, as speculators are increasing their bets over a slower pace of hikes in the US.
- Market has pushed back rate hike expectation from June to around September. FED participants kept the possibilities open for a hike at any of the three meetings, namely June, July and September.
- Recent rush of dollar and falling inflation has provided FED enough room to wiggle and tweak.
- However dovish comments and projections by FOMC participants are doing havoc in dollar and treasury markets. 2 year yield is trading around 0.56% compared to 0.68% before FOMC. Yield curve is explained in the chart.
- Latest dollar move higher, prior to FOMC was fueled partially by rising treasury yields. So lower treasury yields are not good news for dollar.
- For yield hungry pension funds, sovereign wealth fund it might still make sense to invest at a better yield than what's being offered across Europe, however they might choose to wait for the dust to settle down and FED's stance clears up.
Cross currency pairs are quite attractive namely the pound and kiwi based. Dollar index is currently trading at 97.3, down 0.5% today.
