FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
The U.S. Treasury yields continued to suffer during Monday’s afternoon session, as tensions over trade tariffs with China remained on the upfront, while there had been hopes of a more conciliatory resolution, after the US’ action to raise tariffs from 10-25 percent on USD200 billion worth of Chinese imports.
The yield on the benchmark 10-year Treasury yield plunged 3 basis points to 2.425 percent, the super-long 30-year bond yields edged 1-1/2 basis points lower to 2.858 percent and the yield on the short-term 2-year also slumped 3-1/2 basis points to 2.217 percent by 10:30GMT.
Wednesday will bring the likely data highlights of the week, with industrial production and retail sales figures for April due. Following a surprise drop in March, IP should post a modest increase at the start of Q2. In contrast, after a surprisingly strong end to the first quarter, underlying retail sales growth is expected to be much softer last month, Daiwa Capital Markets reported.
That day will also bring the Empire Manufacturing index for May, which follows tomorrow’s release of April’s NFIB small business survey and precedes May’s Philly Fed index (Thursday) and the Conference Board’s leading index for April (Friday). Friday also brings the preliminary University of Michigan’s consumer sentiment survey.
And housing market indicators due include May’s NAHB housing index on Wednesday and April’s housing starts figures on Thursday. There are no UST bond auctions due this week, the report added.
Meanwhile, the S&P 500 Futures traded -1.18 percent lower at 2,852.88 by 10:35GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -88.31 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
