{"id":71479,"date":"2022-09-03T03:27:24","date_gmt":"2022-09-02T23:27:24","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71479"},"modified":"2022-09-03T03:27:27","modified_gmt":"2022-09-02T23:27:27","slug":"market-drivers-us-session-02-09-2022","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-02-09-2022\/09\/03\/market-updates\/","title":{"rendered":"Market Drivers \u2013 US Session 02\/09\/2022"},"content":{"rendered":"\n<p>The USD\/JPY modestly fell on Friday, after hitting earlier at 140.79, the highest level since 1998. The weaker US Dollar impacted the pair following the official US employment report.<br><br>gold traded at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US jobs data, traders opt to stay cautious because of the generally negative macroeconomic data as well as the current gold\u2019s dangerous technical levels that could drag it lower next week.<br><br><strong>Economic Data<br><\/strong><br>Non-farm payrolls rose by 315K in August against expectations of a 300K increase. The unemployment rate rose unexpectedly from 3.5% to 3.7%, however, the labor participation rate also rose.<br><br><strong>Other Developments<br><\/strong><br>After the jobs data, US yields dropped sharply. The US 10-year yield fell to 3.17% and the 2-year fell from 3.52% to 3.40%.<br><br>US shares rose after the NFP reading for August. The Dow Jones was rising by 0.81% and the Nasdaq by 0.79%. <br><br>Crude oil gained 0.64 cents on Friday and trades at $87.25 versus Thursday\u2019s close at $86.61. Crude prices rallied, on Friday, on the US session\u2019s weaker dollar, declining US oil rigs by 9, in addition to retreating US-Iran talks. The US State Department said that the latest Iranian response in the ongoing talks on the nuclear program was \u201cnot constructive\u201d.<br> <br><strong>Also Read<br><\/strong><a href=\"https:\/\/noortrends.ae\/en\/bond-yields-face-pressure-by-central-banks\/09\/03\/market-updates\/\">Bond Yields Face Pressure By Central Banks<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/could-gold-price-become-this-weekends-surprise\/09\/03\/market-updates\/\">Could Gold Price Become This Weekend\u2019s Surprise?<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/oil-climbs-as-iran-nuclear-talks-turned-off\/09\/03\/market-updates\/\">Oil Climbs As Iran Nuclear Talks Turned Off<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/bitcoin-price-benefits-from-jobs-data\/09\/03\/market-updates\/\">Bitcoin Price Benefits From Jobs Data<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/powell-between-soft-landing-hard-landing\/09\/02\/market-updates\/\">Powell Between Soft Landing, Hard Landing<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/yen-experience-worst-week-in-two-decades\/09\/02\/market-updates\/\">Yen Faces Worst Week In Two Decades<\/a>  <\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/g7-price-cap-deal-on-russian-oil-agreed\/09\/02\/market-updates\/\">G7: Price cap deal on Russian oil agreed<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/us-shares-higher-after-nfp-data\/09\/02\/market-updates\/\">US shares higher after NFP data<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/bank-of-canada-could-bring-rates-into-restrictive-territory\/09\/02\/market-updates\/\">Bank of Canada could bring rates into restrictive territory<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/will-fed-hold-on-hawkish-stance-despite-employment-data\/09\/02\/market-updates\/\">Will Fed remain hawkish despite employment slowdown?<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD\/JPY modestly fell on Friday, after hitting earlier at 140.79, the highest level since 1998. The weaker US Dollar impacted the pair following the official US employment report.gold traded at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US jobs data, traders opt to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52794,"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":[6874,8431,6892,6846,6871],"class_list":["post-71479","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold","tag-iran","tag-nfp","tag-oil","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71479","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=71479"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71479\/revisions"}],"predecessor-version":[{"id":71484,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71479\/revisions\/71484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52794"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}