{"id":106400,"date":"2024-09-26T02:37:01","date_gmt":"2024-09-25T22:37:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=106400"},"modified":"2024-09-26T02:39:10","modified_gmt":"2024-09-25T22:39:10","slug":"market-drivers-us-session-september-24","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-september-24\/09\/26\/market-updates\/","title":{"rendered":"Market Drivers, US Session, September 25"},"content":{"rendered":"\n<p><strong>Market Focus Shifts to Powell&#8217;s Speech and Key Economic Data<br><\/strong> <br>The US Dollar Index (DXY) experienced a sharp increase, rebounding from recent lows. This rebound was fueled by a combination of factors, including expectations for a stronger US economy and potential adjustments to monetary policy.<br><br>The US dollar staged a significant recovery after briefly touching 14-month lows, causing a ripple effect across global financial markets. Investors are eagerly awaiting the release of key economic data and the highly anticipated speech by Federal Reserve Chair Jerome Powell.<br><br><strong>Key Economic Data and Fed Speeches<\/strong><\/p>\n\n\n\n<p>\u2022 US Economic Data: Several key US economic indicators are scheduled for release, including final Q2 GDP growth igures, weekly initial jobless claims, durable goods orders, and pending home sales.<br><br>\u2022 Fed Officials: Several Federal Reserve officials, including Chair Jerome Powell, are scheduled to speak. Their comments will provide insights into the Fed&#8217;s outlook for the economy and monetary policy.<br><br><strong>Impact on Major Currency Pairs<br><\/strong><br>\u2022 EUR\/USD: The euro struggled to maintain its gains against the US dollar as the greenback strengthened.<br>\u2022 GBP\/USD: The British pound experienced a similar correction, falling in line with the broader US dollar rebound.<br>\u2022 USD\/JPY: The Japanese yen weakened against the US dollar, reflecting the stronger greenback and potential adjustments to the Bank of Japan&#8217;s monetary policy.<br>\u2022 AUD\/USD: The Australian dollar declined as the US dollar gained strength.<br><br><br><strong>Commodity Markets<\/strong><\/p>\n\n\n\n<p>\u2022 Oil: Crude oil prices came under pressure, falling to new four-day lows.<br>\u2022 Gold: Gold prices reached a new all-time high amid expectations of further interest rate cuts by the Fed.<br>\u2022 Silver: Silver prices also rose but later retreated as the US dollar strengthened.<br> <br>The global financial markets are closely watching the upcoming release of key economic data and the speech by Federal Reserve Chair Jerome Powell. The US dollar&#8217;s recent rebound has had a significant impact on currency pairs and commodity prices. Investors will be closely monitoring these developments to gauge their potential implications for the broader market outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Focus Shifts to Powell&#8217;s Speech and Key Economic Data The US Dollar Index (DXY) experienced a sharp increase, rebounding from recent lows. This rebound was fueled by a combination of factors, including expectations for a stronger US economy and potential adjustments to monetary policy.The US dollar staged a significant recovery after briefly touching 14-month &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52794,"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":[38,6827,49,37,36],"tags":[],"class_list":["post-106400","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106400","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=106400"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106400\/revisions"}],"predecessor-version":[{"id":106408,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106400\/revisions\/106408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52794"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}