{"id":109782,"date":"2024-12-23T19:40:25","date_gmt":"2024-12-23T15:40:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109782"},"modified":"2024-12-23T21:42:10","modified_gmt":"2024-12-23T17:42:10","slug":"dxy-strengthens-ahead-of-christmas-nears-two-year-high","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dxy-strengthens-ahead-of-christmas-nears-two-year-high\/12\/23\/market-updates\/","title":{"rendered":"DXY Strengthens Ahead of Christmas, Nears Two-Year High"},"content":{"rendered":"\n<p>The US Dollar gained momentum on Monday, approaching a two-year peak. This upward trend was fueled by an upward revision in November Durable Goods orders, surpassing initial estimates.<br><br><strong>Key Developments:<br><\/strong><br>Government Shutdown Averted: A last-minute deal prevented a government shutdown, easing market concerns ahead of the holidays.<br>Durable Goods Upward Revision: The upward revision in Durable Goods orders boosted the Dollar&#8217;s strength.<\/p>\n\n\n\n<p><strong>Economic Data Releases:<\/strong><\/p>\n\n\n\n<p>Chicago Fed National Activity Index showed a slight improvement.<\/p>\n\n\n\n<p>Consumer Confidence declined in December.<\/p>\n\n\n\n<p>Treasury Auctions: The US Treasury will conduct several bond auctions throughout the day.<\/p>\n\n\n\n<p><br>Market Sentiment: Asian equities rebounded after a losing streak, while European and US equities experienced losses.<\/p>\n\n\n\n<p><br>Fed Expectations: Market expectations for a rate cut at the first Fed meeting of 2025 remain low.<br>US Treasury Yields: The 10-year Treasury yield held near recent highs.<\/p>\n\n\n\n<p><strong>Technical Outlook:<br><\/strong><br>US Dollar Index (DXY): Approaching a key resistance level near 109.29.<br>Potential support levels at 107.35, 106.52, and 105.53.<br>55-day SMA could provide support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar gained momentum on Monday, approaching a two-year peak. This upward trend was fueled by an upward revision in November Durable Goods orders, surpassing initial estimates.Key Developments:Government Shutdown Averted: A last-minute deal prevented a government shutdown, easing market concerns ahead of the holidays.Durable Goods Upward Revision: The upward revision in Durable Goods orders &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53129,"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":[6934,7592],"class_list":["post-109782","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-dxy","tag-government-shutdown"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109782","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=109782"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109782\/revisions"}],"predecessor-version":[{"id":109818,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109782\/revisions\/109818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53129"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}