Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire 
Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal 
The German bunds jumped on the last trading day of the week after the European Central Bank (ECB) decided to continue its debt-buying operation even beyond September 2018, if required. Also, investors are closely eyeing the eurozone’s consumer price-led inflation index (CPI) for the month of November, scheduled to be released on December 16 by 10:00GMT.
The German 10-year bond yields, which move inversely to its price, plunged nearly 2 basis points to 0.29 percent, the yield on 30-year note slumped nearly 3 basis points to 1.10 percent and the yield on short-term 2-year traded flat at -0.73 percent by 08:40GMT.
After yesterday’s announcements from the Governing Council, which saw the ECB significantly revise up its GDP growth outlook but leave its inflation forecasts little changed, allowing Draghi to strike a dovish tone, it should be a relatively uneventful end to the week for euro-area economic news with the October trade report the most notable among the data releases. Given the narrowing of the German trade surplus that month, we also anticipate a modest decline in the euro area headline balance, from EUR25 billion in September.
Regarding non-standard monetary policy measures, the Governing Council confirmed that from January 2018 it intends to continue to make net asset purchases under the asset purchase programme (APP), at a monthly pace of EUR30 billion, until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.
Meanwhile, the German DAX traded 0.20 percent down at 13,041.50 by 08:45 GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -51.33 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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