{"id":108535,"date":"2024-11-22T00:16:39","date_gmt":"2024-11-21T20:16:39","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=108535"},"modified":"2024-11-22T02:38:51","modified_gmt":"2024-11-21T22:38:51","slug":"market-drivers-us-session-21","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-21\/11\/22\/market-updates\/","title":{"rendered":"Market Drivers; US Session"},"content":{"rendered":"\n<p><strong>Market Focus Shifts to Japan and Global PMIs<br><\/strong><br><br>The US Dollar continued its upward trend, reaching new 2024 highs. This was driven by a combination of factors, including a weakening risk appetite and ongoing geopolitical tensions.<br><br><strong>Key Events on Friday, November 22nd:<br><\/strong><br>\u2022 US: Flash S&amp;P Global Manufacturing and Services PMIs, final Michigan Consumer Sentiment<br><br>\u2022 Eurozone: Final Q3 GDP Growth Rate in Germany, flash HCOB Manufacturing and Services PMIs for Germany and the Eurozone, ECB speeches<br><br>\u2022 UK: Retail Sales, flash S&amp;P Global Manufacturing and Services PMIs, GfK Consumer Confidence<br><br>\u2022 Japan: Inflation Rate, preliminary Jibun Bank Manufacturing and Services PMIs<br>Currency Pair Updates:<br><br>\u2022 EUR\/USD: Fell to new YTD lows near 1.0460<br><br>\u2022 GBP\/USD: Broke below key support at 1.2600<br><br>\u2022 USD\/JPY: Dropped to two-day lows near 153.90 due to hawkish BoJ comments and geopolitical concerns<br><br>\u2022 AUD\/USD: Reclaimed the 0.6500 level despite a stronger Dollar<br><br><strong>Commodities:<br><\/strong><br>\u2022 Oil: WTI prices surged above $70 per barrel on supply concerns related to the Russia-Ukraine conflict.<br><br>\u2022 Gold and Silver: Prices for both metals rose, with gold reaching the $2,670 level and silver trading below $31.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Focus Shifts to Japan and Global PMIsThe US Dollar continued its upward trend, reaching new 2024 highs. This was driven by a combination of factors, including a weakening risk appetite and ongoing geopolitical tensions.Key Events on Friday, November 22nd:\u2022 US: Flash S&amp;P Global Manufacturing and Services PMIs, final Michigan Consumer Sentiment\u2022 Eurozone: Final Q3 &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":[38,37,36],"tags":[6874],"class_list":["post-108535","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108535","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=108535"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108535\/revisions"}],"predecessor-version":[{"id":108541,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108535\/revisions\/108541"}],"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=108535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=108535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=108535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}