{"id":98547,"date":"2024-03-15T01:36:00","date_gmt":"2024-03-14T21:36:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=98547"},"modified":"2024-03-15T07:46:14","modified_gmt":"2024-03-15T03:46:14","slug":"market-drivers-us-session-march-14","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/market-drivers-us-session-march-14\/03\/15\/market-updates\/","title":{"rendered":"Market Drivers \u2013 US Session, March 14"},"content":{"rendered":"\n<p>The US dollar rallied this week, fueled by positive economic data. Inflation data and the recent labour market conditions in the United States pushed the USD Index to new multi-day highs above 103.445.<br><br><strong>The USD Index (DXY): <\/strong>Strong gains continue, breaking past 103.00 on robust inflation and labor data. Keep an eye on Thursday&#8217;s Industrial Production and preliminary Michigan Consumer Sentiment figures.<br><br><strong>EUR\/USD:<\/strong> Risk aversion in the market sent EUR\/USD tumbling below key support at 1.0900, reaching new weekly lows. Watch for a speech by ECB&#8217;s Philip Lane today (March 15).<br><br><strong>GBP\/USD:<\/strong> The surging USD pressured GBP\/USD, accelerating its decline to multi-day lows near 1.2740.<br><br><strong>USD\/JPY:<\/strong> The USD extended its winning streak for a third day, surpassing 148.00. Focus remains on the stronger dollar and higher US yields. Japan&#8217;s economic calendar only features Tertiary Industry Activity data today (March 15).<br> <br><strong>AUD\/USD:<\/strong> Renewed selling pushed AUD\/USD close to the crucial 200-day SMA (0.6560), printing fresh weekly lows. Australia releases Consumer Inflation Expectations data today (March 15).<\/p>\n\n\n\n<p><br><strong>WTI:<\/strong> Prices climbed to a new 2024 high above $81.00, supported by the IEA&#8217;s optimistic outlook, ongoing geopolitical tensions, and positive data from the EIA&#8217;s weekly report.<br><br><strong>Gold Prices:<\/strong> The precious metal retreated from earlier gains. Gold dipped back towards recent lows near $2,150 per ounce on the stronger dollar and rising Treasury yields. <br><\/p>\n\n\n\n<p><strong>Also Read:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/us-dollar-rises-after-fresh-russian-tactical-nuclear-weapon-relocation\/03\/15\/market-updates\/\">US Dollar Rises After Russian Nuclear Weapon relocation<\/a>  <\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/explainer-what-can-yield-curve-reveal-about-looming-fomc-decision\/03\/15\/market-updates\/\">Explainer: What can Yield curve reveal about looming FOMC decision?<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/gbp-usd-weakens-as-us-data-fuel-interest-rate-worries\/03\/15\/market-updates\/\">GBP\/USD Weakens as US Data Fuel Interest Rate Worries<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/ecbs-de-guindos-wages-still-a-risk-but-inflation-on-track\/03\/14\/market-updates\/\">ECB\u2019s de Guindos: Wages still a risk, but inflation on track<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/treasury-yields-surge-following-ppi-retail-sales\/03\/14\/market-updates\/\">Treasury Yields surge following PPI, Retail Sales<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/sterling-weakens-as-ppi-data-improves-dollars-safe-haven-appeal\/03\/14\/market-updates\/\">Sterling weakens as PPI data improves dollar\u2019s safe-haven appeal<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/noortrends.ae\/en\/eur-usd-declines-following-us-economic-data\/03\/14\/market-updates\/\">EUR\/USD declines following US economic data<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar rallied this week, fueled by positive economic data. Inflation data and the recent labour market conditions in the United States pushed the USD Index to new multi-day highs above 103.445.The USD Index (DXY): Strong gains continue, breaking past 103.00 on robust inflation and labor data. Keep an eye on Thursday&#8217;s Industrial Production &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":[],"class_list":["post-98547","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\/98547","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=98547"}],"version-history":[{"count":6,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98547\/revisions"}],"predecessor-version":[{"id":98564,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98547\/revisions\/98564"}],"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=98547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=98547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=98547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}