{"id":108276,"date":"2024-11-14T23:51:53","date_gmt":"2024-11-14T19:51:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=108276"},"modified":"2024-11-15T00:02:17","modified_gmt":"2024-11-14T20:02:17","slug":"market-drivers-us-session-17","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-17\/11\/14\/market-updates\/","title":{"rendered":"Market Drivers; US Session"},"content":{"rendered":"\n<p><strong>Greenback Dominance Continues<\/strong><\/p>\n\n\n\n<p>The US Dollar extended its rally on Thursday, hitting fresh 2024 highs. Despite a slight easing in US Treasury yields, the greenback remained resilient. This comes ahead of a busy economic calendar on Friday, with key US data releases expected to further influence market sentiment.<br><br><strong>Key Currency Pairs and Economic Events:<br><\/strong><br>\u2022 EUR\/USD: The pair dipped below the 1.0500 support level, hitting new 2024 lows. Germany&#8217;s Wholesale Prices and ECB speeches will be in focus.<\/p>\n\n\n\n<p>\u2022 GBP\/USD: The pound sterling weakened, breaking below the 1.2700 support. The UK&#8217;s Q3 GDP Growth Rate will be a key event.<br>\u2022 USD\/JPY: The pair surged past the 156.00 mark, driven by the stronger dollar. Japan&#8217;s flash Q3 GDP Growth Rate and other economic indicators will be released.<\/p>\n\n\n\n<p>\u2022 AUD\/USD: The Aussie dollar declined to new lows near 0.6450, pressured by the stronger greenback and subdued commodity prices. RBA Governor Philip Lowe&#8217;s speech will be watched closely.<\/p>\n\n\n\n<p><strong>Commodities:<\/strong><\/p>\n\n\n\n<p>\u2022 Oil: WTI crude oil prices edged higher, aiming for the $70.00 level, supported by a positive EIA report.<br>\u2022 Gold and Silver: Gold and silver prices recovered from their recent lows, with gold regaining the $2,570 level.<\/p>\n\n\n\n<p>As the US economic calendar heats up, market participants will closely monitor key data releases to assess the potential for further dollar strength and its impact on global currency markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenback Dominance Continues The US Dollar extended its rally on Thursday, hitting fresh 2024 highs. Despite a slight easing in US Treasury yields, the greenback remained resilient. This comes ahead of a busy economic calendar on Friday, with key US data releases expected to further influence market sentiment.Key Currency Pairs and Economic Events:\u2022 EUR\/USD: The &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":[37,36],"tags":[6934,6874,6909],"class_list":["post-108276","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-dxy","tag-gold","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108276","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=108276"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108276\/revisions"}],"predecessor-version":[{"id":108283,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108276\/revisions\/108283"}],"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=108276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=108276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=108276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}