{"id":110484,"date":"2025-01-13T23:59:04","date_gmt":"2025-01-13T19:59:04","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=110484"},"modified":"2025-01-14T00:02:53","modified_gmt":"2025-01-13T20:02:53","slug":"110484-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/110484-2\/01\/13\/market-updates\/","title":{"rendered":"Market Drivers; North American Session"},"content":{"rendered":"\n<p><strong>US Dollar Strengthens as Market Prices in Fewer Fed Rate Cuts<\/strong><\/p>\n\n\n\n<p>The US Dollar Index surged to its highest level since November 2022, exceeding the 110.00 mark, driven by a shift in market expectations towards fewer, if any, interest rate cuts from the Federal Reserve this year. This shift stems from recent economic data, suggesting a more resilient economy and potentially slower-than-expected inflation decline.<br><br><strong>Key Economic Data and Events:<br><\/strong><br>US Producer Prices: This key inflation indicator will be closely watched by market participants for insights into inflationary pressures.<br><\/p>\n\n\n\n<p>Fed Speakers: Comments from Federal Reserve officials, including Schmid and Williams, will provide further clues on the central bank&#8217;s monetary policy outlook.<br><\/p>\n\n\n\n<p>Eurozone: ECB Executive Board member Lane is scheduled to deliver a speech, which could offer insights into the European Central Bank&#8217;s policy stance. <\/p>\n\n\n\n<p><strong>Currencies &#8211; Price Action<br><\/strong><br>EUR\/USD: The Euro weakened significantly against the US Dollar, extending its bearish trend below the 1.0200 level.<\/p>\n\n\n\n<p>GBP\/USD: The British Pound also depreciated against the US Dollar, briefly dipping below the 1.2100 mark before recovering some ground.<\/p>\n\n\n\n<p>USD\/JPY: The Japanese Yen strengthened against the US Dollar, marking its third consecutive day of gains.<\/p>\n\n\n\n<p>AUD\/USD: The Australian Dollar experienced a modest rebound after four consecutive days of losses, but remained under pressure near the 0.6100 level.<\/p>\n\n\n\n<p><strong>Commodities:<br><\/strong><br>Oil Prices: WTI crude oil prices continued their upward trajectory, surpassing the $78.00 per barrel mark, supported by further US sanctions on Russian oil exports.<\/p>\n\n\n\n<p>Gold and Silver: Gold prices retreated from recent highs, while Silver prices declined sharply, falling below the crucial $30.00 per ounce support level.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Dollar Strengthens as Market Prices in Fewer Fed Rate Cuts The US Dollar Index surged to its highest level since November 2022, exceeding the 110.00 mark, driven by a shift in market expectations towards fewer, if any, interest rate cuts from the Federal Reserve this year. This shift stems from recent economic data, suggesting &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52958,"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":[],"class_list":["post-110484","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110484","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=110484"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110484\/revisions"}],"predecessor-version":[{"id":110493,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110484\/revisions\/110493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52958"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=110484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=110484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=110484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}