{"id":108500,"date":"2024-11-21T00:15:09","date_gmt":"2024-11-20T20:15:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=108500"},"modified":"2024-11-21T00:17:56","modified_gmt":"2024-11-20T20:17:56","slug":"market-drivers-us-session-20","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-20\/11\/21\/market-updates\/","title":{"rendered":"Market Drivers; US Session"},"content":{"rendered":"\n<p><strong>US Dollar Strengthens as Market Reacts to Trump-Inspired Rally<\/strong><\/p>\n\n\n\n<p>The US Dollar Index (DXY) rebounded on Thursday, November 21, approaching the 107.00 level as yields rose. This surge was fueled by renewed optimism stemming from Trump-related news.<br><br><strong>Key Economic Data and Fed Speeches<br><\/strong><br>Investors will be closely watching key economic indicators, including Initial Jobless Claims, the Philly Fed Manufacturing Index, Existing Home Sales, and the CB Leading Index. Additionally, speeches from Fed officials Hammack and Goolsbee could provide further insights into the central bank&#8217;s monetary policy stance.<br><br><strong>Currency Pair Outlook<br><\/strong><br>EUR\/USD: Weakened further, approaching the 1.0500 support level.<br>GBP\/USD: Retreated from recent gains, testing the 1.2630 zone.<br>USD\/JPY: Strengthened, nearing the 156.00 resistance level.<br>AUD\/USD: Fell below the 0.6500 support level.<br><br><strong>Commodities<br><\/strong><br>Oil: WTI crude oil prices retreated from recent highs, trading below $69 per barrel.<\/p>\n\n\n\n<p>Gold: Maintained its upward trend, surpassing the $2,650 per ounce level.<\/p>\n\n\n\n<p>Silver: Experienced a pullback, trading below $31 per ounce.<\/p>\n\n\n\n<p><strong>Also Read:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/dow-jones-treads-water-ahead-of-key-events-nvidia-earnings-economic-data\/11\/21\/market-updates\/\">Dow Jones Treads Water Ahead of Key Events: Nvidia Earnings, Economic Data<\/a><br><a href=\"https:\/\/noortrends.ae\/en\/why-does-bitcoin-outshine-ethereum\/11\/20\/market-updates\/\">Why Does Bitcoin Outshine Ethereum?<\/a><br><a href=\"https:\/\/noortrends.ae\/en\/us-dollar-strengthens-on-hawkish-fed-stance\/11\/20\/market-updates\/\">US Dollar Strengthens on Hawkish Fed Stance<\/a><br><a href=\"https:\/\/noortrends.ae\/en\/boes-ramsden-still-optimistic-on-rate-cuts\/11\/20\/market-updates\/\">BoE\u2019s Ramsden Still Optimistic on Rate Cuts<\/a><br><a href=\"https:\/\/noortrends.ae\/en\/feds-cook-could-see-a-pause-on-rate-moves-if-inflation-progress-slows\/11\/20\/market-updates\/\">Fed\u2019s Cook: Could see a pause on rate moves if inflation progress slows<\/a><br><a href=\"https:\/\/noortrends.ae\/en\/gbp-usd-retreats-after-uk-cpi\/11\/20\/market-updates\/\">GBP\/USD Retreats After UK CPI<\/a><br><a href=\"https:\/\/noortrends.ae\/en\/is-eurozones-debt-crisis-looming\/11\/20\/market-updates\/\">Is Eurozone\u2019s Debt Crisis Looming?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Dollar Strengthens as Market Reacts to Trump-Inspired Rally The US Dollar Index (DXY) rebounded on Thursday, November 21, approaching the 107.00 level as yields rose. This surge was fueled by renewed optimism stemming from Trump-related news.Key Economic Data and Fed SpeechesInvestors will be closely watching key economic indicators, including Initial Jobless Claims, the Philly &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52661,"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":[],"class_list":["post-108500","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108500","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=108500"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108500\/revisions"}],"predecessor-version":[{"id":108509,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108500\/revisions\/108509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52661"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=108500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=108500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=108500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}