{"id":104302,"date":"2024-07-30T03:10:56","date_gmt":"2024-07-29T23:10:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=104302"},"modified":"2024-07-30T03:15:32","modified_gmt":"2024-07-29T23:15:32","slug":"market-drivers-us-session-july-29","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-july-29\/07\/30\/market-updates\/","title":{"rendered":"Market Drivers; US Session, July 29"},"content":{"rendered":"\n<p>The US dollar strengthened significantly on Monday, reaching its highest level in several days as investors adopted a cautious stance. Anticipation for upcoming central bank decisions and key economic data is driving market sentiment.<br><br><strong>Key Economic Indicators<\/strong><\/p>\n\n\n\n<p><br>Today&#8217;s focus is on consumer confidence, alongside job openings data, house price index, and weekly crude oil inventories. On the European front; Germany will release preliminary inflation and GDP figures for the second quarter. In Japan; Unemployment Rate data will be published and in Australia; Advanced building permits are due.<br><br><strong>Forex Space<br><\/strong><br>The dollar index (DXY) climbed to multi-day highs near 104.80, supported by declining US bond yields. The EUR\/USD pair fell below the 1.0800 level due to the dollar&#8217;s strength. The GBP\/USD pair traded sideways near 1.2860.<br><br>The USD\/JPY pair surged past the 154.00 mark as the yen weakened. The AUD\/USD retraced recent gains.<br><br><strong>Commodities<\/strong><br><br>Crude oil prices extended their decline, reaching seven-week lows near $75 per barrel. Gold and silver, both precious metals, faced downward pressure, with gold trading near $2,380 per ounce and silver near $27.30 per ounce.<br><br><strong>Also Read:<br><\/strong><br><a href=\"https:\/\/noortrends.ae\/en\/markets-struggle-amid-geopolitical-risks-fomc-decision-outlook\/07\/30\/economic-reports\/\">Markets Struggle Amid Geopolitical Risks, FOMC Decision Outlook<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/gold-retreats-from-recent-highs-on-stronger-us-dollar\/07\/30\/market-updates\/\">Gold Retreats From Recent Highs On Stronger US Dollar<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/canadian-dollar-softens-on-first-day-of-trading-week\/07\/29\/market-updates\/\">Canadian Dollar softens on first day of trading week<\/a> <\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/explainer-semiconductors-rundown-with-bullish-analyst-views\/07\/29\/market-updates\/\">Explainer: Semiconductors Rundown with Bullish Analyst Views<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/us-stocks-trade-higher-ahead-of-fomc-tech-earnings\/07\/29\/market-updates\/\">US Stocks trade higher ahead of FOMC, Tech Earnings<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/gbp-usd-slides-ahead-boes-decision\/07\/29\/market-updates\/\">GBP\/USD Slides ahead BoE\u2019s decision<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/dallas-fed-manufacturing-index-misses-expectations\/07\/29\/market-updates\/\">Dallas Fed Manufacturing Index Misses Expectations<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar strengthened significantly on Monday, reaching its highest level in several days as investors adopted a cautious stance. Anticipation for upcoming central bank decisions and key economic data is driving market sentiment.Key Economic Indicators Today&#8217;s focus is on consumer confidence, alongside job openings data, house price index, and weekly crude oil inventories. On &hellip;<\/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":[7048,10457,6839,9570,6939,7096,11170,8538,11169],"class_list":["post-104302","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-consumer-confidence","tag-dxy-index","tag-germany","tag-house-price-index","tag-japan","tag-job-openings","tag-preliminary-inflation-data","tag-unemployment-rate","tag-weekly-crude-oil-inventories"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104302","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=104302"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104302\/revisions"}],"predecessor-version":[{"id":104314,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104302\/revisions\/104314"}],"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=104302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=104302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=104302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}