Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 22 October 2024 11:03 am

  Dollar Strength and Fed’s Approach to Rate Cuts

  

  The U.S. dollar remained strong on Tuesday, holding near a 2-1/2-month high due to expectations that the Federal Reserve will adopt a cautious approach to cutting interest rates. This strength, buoyed by rising U.S. Treasury yields, has put pressure on the yen, euro, and British pound. The dollar’s rally is …

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• 22 October 2024 10:03 am

  Gold Prices Steady Near Record Highs Amid Election Uncertainty and Middle East Tensions

  

  Gold prices gained in Asian trade on Tuesday, stabilizing just below their recent record highs as traders sought safe havens due to growing uncertainty surrounding the upcoming U.S. presidential election. The anticipation of a tight race between Donald Trump and Kamala Harris has pushed investors towards safer assets like gold, …

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• 22 October 2024 1:39 am

  Treasury Yields Resume Upward Trend Following Fed Remarks

  

  US Treasury yields initiated an upward climb at the start of the new trading week, fueled by statements from the Federal Reserve that highlighted a preference for a gradual approach to interest rate cuts in the coming period.The yield on 10-year US Treasury bonds rose to 4.182%, compared to the …

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• 22 October 2024 12:24 am

  Gold Halts Climb After Record Highs

  

  The price of gold stopped increasing after reaching record highs due to statements from the Federal Reserve. The Fed suggested a potential gradual reduction in interest rates, which could affect the appeal of gold as a safe-haven asset. This news, along with concerns about the U.S. labor market, has led …

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• 21 October 2024 11:20 pm

  Market Drivers; US Session

  

  Dollar Strengthens Amid Rising Yields, Renewed “Trump Trade”The US Dollar Index (DXY) continued its upward trajectory on Tuesday, October 22, approaching three-month highs as investors responded to higher interest rates and a resurgence of the “Trump trade.” Key economic events and speeches from Federal Reserve officials will shape the market’s …

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• 21 October 2024 10:44 pm

  Dow Jones Sheds 330 Points as Bullish Momentum Pauses

  

  Dow Jones Industrial Average (DJIA) experienced a setback on Monday, declining by 330 points (0.8%) as equity markets retreated from recent record highs.The decline was primarily attributed to a pause in bullish momentum, with the Dow Jones bearing the brunt of the sell-off. Investors grappled with conflicting factors: the anticipation …

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• 21 October 2024 9:01 pm

  Dollar Holds Steady Amid Geopolitical Tensions, Fed Comments

  

  The US Dollar maintained its strength on Monday, buoyed by escalating tensions in the Middle East and supportive remarks from Federal Reserve officials. However, profit-taking activity tempered the Greenback’s gains, as investors digested positive economic news from China and its government’s stimulus measures.Geopolitical Tensions: The ongoing tensions in the Middle …

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• 21 October 2024 8:25 pm

  EUR/USD could resume declining as ECB considers further cut rates

  

  The EUR/USD exchange rate is likely to continue falling as the European Central Bank is expected to lower interest rates again. The value of the EUR/USD pair is currently at 1.0800, but its future direction is uncertain due to expectations that the ECB will adopt a more lenient monetary policy. …

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• 21 October 2024 7:15 pm

  Fed’s Logan Hints at Gradual Rate Cuts

  

  Federal Reserve Bank of Dallas President Lorie Logan suggested on Monday that the Fed may gradually lower interest rates in the future, provided the economy continues to perform as expected. She also indicated that the Fed plans to continue reducing its balance sheet.Logan highlighted the following key points:Economic Stability: The …

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• 21 October 2024 3:33 pm

  China’s Central Bank Launches $7 Billion Swap to Support Stock Market

  

  China’s central bank, the People’s Bank of China (PBOC), initiated its first swap operations on Monday under a newly established facility aimed at stabilizing the stock market. The PBOC exchanged assets worth 50 billion yuan ($7 billion) with brokerages, fund companies, and insurers as part of the move. In the …

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• 21 October 2024 3:09 pm

  Oil Prices Rebound as Concerns Over China and Middle East Ease

  

  Oil prices rose on Monday, recovering some of last week’s steep losses driven by concerns over China’s economic slowdown and easing tensions in the Middle East. Brent crude futures increased by $1.16, or 1.6%, to $74.22 per barrel at 1036 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.32, …

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• 21 October 2024 2:03 pm

  European Shares Struggle Ahead of Key Corporate Earnings, Energy Stocks Lead Gains

  

  European shares wavered on Monday after two consecutive weeks of gains, as investors awaited key corporate earnings reports, with stabilizing oil prices supporting the energy sector. The pan-European STOXX 600 index remained flat at 0845 GMT, fluctuating between minor gains and losses. Last week, the STOXX 600 gained momentum following …

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• 21 October 2024 12:57 pm

  U.S. Dollar Gains Momentum Amid Rising Trump Election Prospects

  

  The U.S. dollar strengthened on Monday, building on its recent gains as the U.S. presidential election approaches, with growing expectations that former President Donald Trump may secure a victory in the 2024 race. At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against six major currencies, rose …

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