{"id":111418,"date":"2025-02-05T00:38:00","date_gmt":"2025-02-04T20:38:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111418"},"modified":"2025-02-05T00:06:18","modified_gmt":"2025-02-04T20:06:18","slug":"dow-jones-midrange-stability-amid-tariff-developments","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dow-jones-midrange-stability-amid-tariff-developments\/02\/05\/market-updates\/","title":{"rendered":"Market Drivers; US Session"},"content":{"rendered":"The US dollar weakened further on Tuesday as markets reacted to US tariff announcements and potential Chinese retaliation.  Here&#8217;s a market overview for Wednesday, February 5th:<br \/><br \/>US Dollar Index (DXY): The dollar index remained above 108.00 due to tariff concerns and rising US yields, failing to mount a recovery.  Key US data releases today include the ADP Employment Change report, MBA Mortgage Applications, the final S&#038;P Global Services PMI, the ISM Services PMI, and the EIA&#8217;s crude oil inventory report.  Speeches from Fed members Jefferson, Barkin, Goolsbee, and Bowman are also scheduled.<br \/><br \/>EUR\/USD: The euro strengthened, reversing six days of losses and approaching 1.0400.  Wednesday&#8217;s European data includes the final HCOB Services PMIs for Germany and the Eurozone, Eurozone Producer Prices, and a speech by ECB&#8217;s Lane.<br \/><br \/>GBP\/USD: The British pound continued its upward trend from Monday, approaching 1.2500 as the dollar weakened.  The final S&#038;P Global Services PMI for the UK is the main focus today.<br \/><br \/>USD\/JPY: The yen fluctuated, recovering from Monday&#8217;s decline and reaching the 155.50 area.  Japan will release the final Jibun Bank Services PMI and Average Cash Earnings.<br \/><br \/>AUD\/USD: The Australian dollar rebounded from multi-year lows seen on Monday. While gains remained below 0.6260, the currency showed a significant daily increase.  The Ai Group Manufacturing Index is due for release in Australia.<br \/><br \/>WTI Crude Oil: Oil prices recovered after reaching lows near $70.00 per barrel, ultimately closing the day with modest gains.<br \/><br \/>Gold: Gold prices reached a new all-time high around $2,840 per ounce, driven by the weaker dollar and continued concerns about Trump&#8217;s tariff plans.","protected":false},"excerpt":{"rendered":"<p>The US dollar weakened further on Tuesday as markets reacted to US tariff announcements and potential Chinese retaliation. Here&#8217;s a market overview for Wednesday, February 5th:US Dollar Index (DXY): The dollar index remained above 108.00 due to tariff concerns and rising US yields, failing to mount a recovery. Key US data releases today include the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53046,"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":[6827,49,39,36],"tags":[],"class_list":["post-111418","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111418","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=111418"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111418\/revisions"}],"predecessor-version":[{"id":111425,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111418\/revisions\/111425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53046"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}