{"id":102871,"date":"2024-06-25T23:34:00","date_gmt":"2024-06-25T19:34:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=102871"},"modified":"2024-06-26T08:15:58","modified_gmt":"2024-06-26T04:15:58","slug":"market-drivers-us-session-june-25","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-june-25\/06\/25\/market-updates\/","title":{"rendered":"Market Drivers; US Session, June 25"},"content":{"rendered":"\n

Along with a respectable increase in US rates, the US dollar recovered some of the ground it had lost during Monday’s dismal session, and investors’ forecasts of a September and December rate drop remained unchanged.

A modest increase in US rates helped the USD Index (DXY) overcome its Monday decline and rise to the 105.80 level. Meanwhile, speculations for rate cuts were supported by weak readings on consumer confidence. Ahead of new home sales, MBA will report on the typical weekly mortgage applications on June 26.

Currencies <\/strong>

The USD\/JPY pair continued to trade slightly below 160.00 due to ongoing worries about the possibility of FX intervention. On June 26, the Japanese docket will be cleared.

GBP\/USD traded up and down following a failed attempt to break above the 1.2700 level. Only June 26 across the Channel is the deadline for the CBI Distributive Trades.

EUR\/USD resumed its downward impulse and revisited the sub-1.0700 region against the backdrop of a decent move higher in the Greenback. Germany\u2019s Consumer Confidence gauged by GfK will be unveiled on June 26 along with a speech by the ECB\u2019s P. Lane.

AUD\/USD set aside Monday\u2019s bull run and revisited the 0.6630\u20130.6640 band amidst the US Dollar\u2019s gains. In Oz, Westpac\u2019s Leading Index is due on June 26, prior to the RBA\u2019s Monthly CPI Indicator and the speech by the RBA\u2019s L. Kent.

Commodities
<\/strong>
WTI prices corrected slightly lower after hitting new monthly highs just below the $82.00 mark per barrel ahead of key US inventories data.

The stronger Dollar and higher US yields played against the continuation of Monday\u2019s advance in Gold prices, which hovered around the $2,320 zone.

Also Read:
<\/strong>Will the Australian dollar resume its uptrend?<\/a><\/p>\n\n\n\n

US Stocks Mixed as Nvidia Rebounds, Tech Leads Gains<\/a><\/p>\n\n\n\n

Fed Leans Hawkish, Rate Cuts in 2024 Uncertain<\/a><\/p>\n\n\n\n

Tesla Tops Industry In Profit Per Vehicle Despite Faulty Cybertrucks<\/a><\/p>\n\n\n\n

Gold prices in red territory ahead of PCE data<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Along with a respectable increase in US rates, the US dollar recovered some of the ground it had lost during Monday’s dismal session, and investors’ forecasts of a September and December rate drop remained unchanged. A modest increase in US rates helped the USD Index (DXY) overcome its Monday decline and rise to the 105.80 …<\/p>\n","protected":false},"author":13,"featured_media":52669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[6884,7034,11029,7247,8367,7201],"class_list":["post-102871","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-eur-usd","tag-gbp-usd","tag-gfk","tag-new-home-sales","tag-us-dollar","tag-usd-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/102871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=102871"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/102871\/revisions"}],"predecessor-version":[{"id":102900,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/102871\/revisions\/102900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52669"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=102871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=102871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=102871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}