{"id":107116,"date":"2024-10-15T03:05:46","date_gmt":"2024-10-14T23:05:46","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=107116"},"modified":"2024-10-15T03:06:59","modified_gmt":"2024-10-14T23:06:59","slug":"market-drivers-us-session-3","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-3\/10\/15\/market-updates\/","title":{"rendered":"Market Drivers; US Session"},"content":{"rendered":"\n<p><strong>Dollar Index (DXY) Soars, Dragging Down Major Pairs<\/strong><\/p>\n\n\n\n<p>The US Dollar Index (DXY) continued its upward trajectory, breaching the 103.00 mark, driven by risk-off sentiment in the global market. Key economic indicators and speeches from Federal Reserve officials are scheduled for the day.<\/p>\n\n\n\n<p>The Euro (EUR\/USD) weakened further, falling below the 1.0900 level, as the US Dollar strengthened. German Wholesale Prices and Eurozone Economic Sentiment are expected to be released later.<\/p>\n\n\n\n<p>The British Pound (GBP\/USD) experienced slight declines, trading near the 1.3050 mark, ahead of the crucial UK jobs report.<\/p>\n\n\n\n<p>The Japanese Yen (USD\/JPY) extended its gains, approaching the 150.00 level, following the US Dollar&#8217;s appreciation. Japanese Industrial Production and Capacity Utilization data are anticipated.<\/p>\n\n\n\n<p>The Australian Dollar (AUD\/USD) reversed its upward trend, falling towards 0.6700. The Westpac Leading Index and a speech by the Reserve Bank of Australia&#8217;s Hunter are scheduled for October 16.<\/p>\n\n\n\n<p>Crude oil prices (WTI) declined, pressured by concerns over Chinese demand and a pessimistic OPEC report. Prices dipped below the $74.00 per barrel mark.<\/p>\n\n\n\n<p>Gold prices retreated slightly, trading near $2,640 per ounce troy, as the US Dollar strengthened. Silver prices also declined, briefly falling below the $31.00 per ounce level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dollar Index (DXY) Soars, Dragging Down Major Pairs The US Dollar Index (DXY) continued its upward trajectory, breaching the 103.00 mark, driven by risk-off sentiment in the global market. Key economic indicators and speeches from Federal Reserve officials are scheduled for the day. The Euro (EUR\/USD) weakened further, falling below the 1.0900 level, as the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53151,"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":[6877,6928,6874,10456,7685],"class_list":["post-107116","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","tag-dollar","tag-euro","tag-gold","tag-pound-sterling","tag-wti-crude-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107116","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=107116"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107116\/revisions"}],"predecessor-version":[{"id":107123,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107116\/revisions\/107123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53151"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}