{"id":108985,"date":"2024-12-04T22:03:00","date_gmt":"2024-12-04T18:03:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=108985"},"modified":"2024-12-05T01:30:13","modified_gmt":"2024-12-04T21:30:13","slug":"market-drivers-us-session-25","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-25\/12\/04\/market-updates\/","title":{"rendered":"Market Drivers, US Session"},"content":{"rendered":"\n

Wednesday’s Recap and Thursday’s Outlook<\/strong><\/p>\n\n\n\n

The US Dollar weakened on Wednesday as Treasury yields declined and Federal Reserve Chair Powell’s comments at the New York Times event did so little to provide significant market impact.

Key Economic Events To Watch:<\/strong><\/p>\n\n\n\n

\u2022 US: Balance of Trade, Initial Jobless Claims, Challenger Job Cuts, Fed’s Barkin speech
\u2022 Eurozone: HCOB Construction PMI (Germany and Eurozone), Factory Orders (Germany), Retail Sales (Eurozone), ECB’s Montagner speech<\/p>\n\n\n\n

\u2022 UK: S&P Global Construction PMI, New Car Sales, BoE’s Decision Maker Panel, BoE’s Greene speech
\u2022 Japan: Weekly Foreign Bond Investment, BoJ’s Nakamura speech
\u2022 Australia: Balance of Trade

Price Movements:<\/strong><\/p>\n\n\n\n

\u2022 USD: Weakened against major currencies
\u2022 EUR\/USD: Broke above 1.0500
\u2022 GBP\/USD: Surpassed 1.2700
\u2022 USD\/JPY: Rebounded towards 151.00
\u2022 AUD\/USD: Fell below 0.6400
\u2022 Oil: WTI declined below $69\/barrel
\u2022 Gold: Rose towards $2,660\/oz
\u2022 Silver: Gained, nearing four-week highs near $31.50\/oz

Overall, the market sentiment remains cautious, with investors closely monitoring geopolitical tensions, economic data, and central bank policies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wednesday’s Recap and Thursday’s Outlook The US Dollar weakened on Wednesday as Treasury yields declined and Federal Reserve Chair Powell’s comments at the New York Times event did so little to provide significant market impact.Key Economic Events To Watch: \u2022 US: Balance of Trade, Initial Jobless Claims, Challenger Job Cuts, Fed’s Barkin speech\u2022 Eurozone: HCOB …<\/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":[38,6827,49,37,36],"tags":[],"class_list":["post-108985","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\/108985","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=108985"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108985\/revisions"}],"predecessor-version":[{"id":108994,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108985\/revisions\/108994"}],"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=108985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=108985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=108985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}