The out performers this week in the commodity markets was led by natural gas rising 4.9%, gold 1.9% and silver 1.9%. US thirty year bonds led the risk-off category gaining almost 1%. In the currency markets the British pound gained 0.7% the Swiss franc 0.6% while the Japanese yen dropped 1.4%. The March US employment report disappointed with job growth of only 88K, sending the US dollar lower. In the fixed income markets the US treasuries gained sending yields lower as the market participants anticipate continued fed stimulus. FOMC minutes from the March meeting will be released in the week ahead. Also watch out for speeches from Fed Chairman Bernanke, Rosengren, Evans and Bullard.
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