FxWirePro: Daily Commodity Tracker - 21st March, 2022 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
The U.S. Treasuries fell during late afternoon session Monday ahead of today’s speech from FOMC member Williams amid an otherwise, silent trading day.
The yield on the benchmark 10-year Treasuries rose nearly 1-1/2 basis points to 3.087 percent, the super-long 30-year bond yields climbed 2 basis points to 3.347 percent and the yield on the short-term 2-year remained nearly 1-1/2 basis points higher at 2.825 percent by 11:15GMT.
It should be a relatively quiet for US dataflow ahead of Thursday’s Thanksgiving holiday. Housing market indicators include November’s NAHB housing index (today), October’s housing starts (tomorrow) and existing home sales figures (Wednesday).
Wednesday will also bring preliminary durable goods orders data for October, along with the Conference Board’s Leading index for the same month and the revised University of Michigan’s consumer sentiment survey for November. Supply-wise, the US Treasury will sell 10-year TIPS on Wednesday, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures slipped 0.08 percent to 2,740.75 by 11:15GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -16.237 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
