{"id":95183,"date":"2024-01-11T02:40:13","date_gmt":"2024-01-10T22:40:13","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=95183"},"modified":"2024-01-11T02:43:21","modified_gmt":"2024-01-10T22:43:21","slug":"market-drivers-us-session-jan-10","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-jan-10\/01\/11\/market-updates\/","title":{"rendered":"Market Drivers \u2013 US Session, Jan 10"},"content":{"rendered":"\n

The US dollar experienced a corrective move on the back of improved market sentiment surrounding the risk-linked assets, which weighed on the dollar. Both Gold and Silver grinded lower and revisited the lower end of the so-far yearly range prior to the release of US inflation on Thursday.

The dollar faced renewed selling pressure against muted US yields and steady expectations ahead of the US CPI.

The three major US stock indices edged higher due to the solid performance of tech Megacaps and the broad-based upbeat mood in risk appetite trends. EUR\/USD took advantage of the selling pressure in the dollar and revisited the 1.0970 zone, or two-day highs, alongside higher German yields and despite speculation of several rate cuts by the ECB this year.

GBP\/USD remained in the upper end of the weekly range, well north of the 1.2700 hurdle. The firm tone in the risk-associated space encouraged further selling in the Japanese yen and USD\/JPY to advance to weekly highs and flirt with the so-far yearly peaks. AUD\/USD reversed Tuesday’s pullback and regained some upside traction, but a convincing breakout of the 0.6700 hurdle remained elusive.

What to watch on Thursday

The Australian Trade Balance results and flash prints of the Japanese Coincident Index and Leading Economic Index will take center stage in Asian trading hours.

Also Read:
<\/strong>US stocks higher ahead of US inflation data<\/a><\/p>\n\n\n\n

Treasury yields decline ahead of CPI data<\/a><\/p>\n\n\n\n

Yen faces selloff following wages data<\/a><\/p>\n\n\n\n

Oil prices decline after surprise US stockpile build<\/a><\/p>\n\n\n\n

Swiss Franc weakens vs Sterling after Bailey\u2019s speech<\/a><\/p>\n\n\n\n

US CPI expectations by 10 major banks<\/a><\/p>\n\n\n\n

EUR\/USD steadies amid ECB\u2019s officials\u2019 comments<\/a><\/p>\n\n\n\n


<\/p>\n","protected":false},"excerpt":{"rendered":"

The US dollar experienced a corrective move on the back of improved market sentiment surrounding the risk-linked assets, which weighed on the dollar. Both Gold and Silver grinded lower and revisited the lower end of the so-far yearly range prior to the release of US inflation on Thursday.The dollar faced renewed selling pressure against muted …<\/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":[38,37,36],"tags":[6978,6870,6874,7027,8367,7167],"class_list":["post-95183","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-cpi","tag-gbp","tag-gold","tag-silver","tag-us-dollar","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95183","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=95183"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95183\/revisions"}],"predecessor-version":[{"id":95192,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95183\/revisions\/95192"}],"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=95183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=95183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=95183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}