{"id":73774,"date":"2022-10-11T02:24:55","date_gmt":"2022-10-10T22:24:55","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73774"},"modified":"2022-10-11T02:29:09","modified_gmt":"2022-10-10T22:29:09","slug":"market-drivers-us-session-10-10-2022","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-10-10-2022\/10\/11\/market-updates\/","title":{"rendered":"Market Drivers \u2013 US Session \u2013 10\/10\/2022"},"content":{"rendered":"\n<p>The prevalent negative market sentiment on Monday coincided with broader Russian attacks on Ukraine, firing multiple missiles that targeted communication and energy targets in and around Kyiv.<br><br><strong>Economic Data <\/strong><br> <br>The economic calendar featured no significant economic data during the US session. <br><br><strong>Other Developments<\/strong><\/p>\n\n\n\n<p><br>The US dollar extended last week\u2019s momentum and rose on Monday against most of its major rival currencies as risk aversion dominated financial markets.<br><br>Risk aversion also impacted global stocks that had to close in the red territory, reflecting market concerns. <br><br><br>The Bank of England announced additional monetary measures to support the financial system. BoE doubled its temporary QE bond purchases to \u00a310 billion per day for the upcoming days, although buying should end on Friday.<br><br><br>The dollar appreciated against safe-haven rivals, with USD\/CHF now trading at around parity and USD\/JPY reaching 145.70, approaching the highs that triggered BOJ\u2019s intervention.<br><br>The EUR\/USD pair settled at around 0.9700, while GBP\/USD finished the day in the 1.1050 price zone. AUD\/USD fell to 0.6274 a fresh 2-year low. USD\/CAD trades around 1.3760 as crude oil prices give up on the dismal market\u2019s mood.<br><br>Gold currently changes hand at $1,667 a troy ounce while WTI fell to $90.60 a barrel. The focus this week will be on the awaited US Consumer Price Index, to be out on Thursday.<br><br>Also Read<br><a href=\"https:\/\/noortrends.ae\/en\/germany-rejects-supporting-joint-eu-debt-amid-energy-crisis\/10\/11\/market-updates\/\">Germany rejects supporting joint EU debt amid energy crisis<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/nasdaq-closes-at-2-year-low-on-falling-chip-stocks\/10\/11\/market-updates\/\">Nasdaq closes at 2-year low on falling chip stocks<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/usd-cad-rallies-on-stronger-us-dollar-declining-oil-prices\/10\/10\/market-updates\/\">USD\/CAD Rallies On Stronger US Dollar, Declining Oil Prices<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/gold-retreats-on-stronger-us-dollar-yields\/10\/10\/market-updates\/\">Gold Retreats On Stronger US Dollar, Yields<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/oil-reacts-to-recession-fears-amid-tight-supply-prospects\/10\/10\/market-updates\/\">Oil reacts to recession fears amid tight supply prospects<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/stronger-us-dollar-could-inspire-finding-value-abroad-ideas\/10\/10\/market-updates\/\">Stronger US Dollar Inspires Finding Value Abroad Ideas<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/bitcoin-falls-on-market-volatility\/10\/10\/market-updates\/\">Bitcoin Falls On Market Volatility<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/germany-supports-joint-eu-debt-to-encounter-energy-crisis\/10\/10\/market-updates\/\">Germany endorses EU loans to mitigate energy crisis<\/a><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The prevalent negative market sentiment on Monday coincided with broader Russian attacks on Ukraine, firing multiple missiles that targeted communication and energy targets in and around Kyiv.Economic Data The economic calendar featured no significant economic data during the US session. Other Developments The US dollar extended last week\u2019s momentum and rose on Monday against most &hellip;<\/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":[37,36],"tags":[6967,6978,7603,10026,6871],"class_list":["post-73774","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-cpi","tag-gold-prices","tag-russian-missile-attacks","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73774","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=73774"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73774\/revisions"}],"predecessor-version":[{"id":73783,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73774\/revisions\/73783"}],"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=73774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}