Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 11 September 2024 3:25 am

  Market Drivers; US Session, September 10

  

  Markets Await Key US Data, Central Bank DecisionThe US dollar maintained its upward trajectory on Tuesday, although its momentum appeared to be slowing as investors cautiously awaited the release of crucial US economic data. The US Dollar Index (DXY) remained near the upper end of its trading range, hovering around …

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• 11 September 2024 2:01 am

  XAU/USD Surges As Traders Eye US Inflation Data

  

  Gold prices experienced a surge on Tuesday as investors eagerly awaited the release of crucial US economic data and the first presidential debate in the course of the 2024’s US elections. The precious metal gained momentum as the US dollar weakened and Treasury yields declined, reflecting market expectations for a …

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• 11 September 2024 12:53 am

  Stock Market Turbulence: Investors Brace for Key Events

  

  Mixed Market Performance: Investors are regrouping after a tumultuous few days in the markets. With a pivotal moment in the presidential campaign and the release of a key economic indicator just hours away, stocks were mixed, and oil prices fell to their lowest levels since December 2021.Political and Economic InfluencesTuesday …

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• 10 September 2024 11:45 pm

  Why China’s Economic Tempest Globally Matters

  

  Navigating the Challenges and Risks: The economic storm brewing within China’s borders threatens to unleash a global tempest of unprecedented proportions. Once a symbol of rapid economic growth and development, China is now grappling with a complex web of challenges that could have far-reaching consequences. The country’s debt-laden property market, …

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• 10 September 2024 10:00 pm

  Dollar rallies Ahead of Presidential Debate

  

  The US Dollar is currently experiencing a 0.31% surge, at the 101.641mark, gaining strength ahead of the highly anticipated presidential debate. This upward trend continues despite the Federal Reserve’s persistent dovish stance on monetary policy. While the debate’s outcome could significantly influence the USD’s trajectory, analysts remain cautious, anticipating potential …

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• 10 September 2024 8:50 pm

  What is Behind Recent Sharp Declines in Oil Price

  

  On Friday, Brent finished at its lowest level since December 2021, down to $70.6 per barrel—its lowest level since March 2023. WTI dropped to $67.2, a 14-month low. Brent saw a weekly loss of about 10%, which was made worse by the contract rollover at the beginning of the month. …

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• 10 September 2024 7:54 pm

  Explainer: Why Dollar Stores’ Crisis Matters

  

  The latest plight of Dollar Stores in the United States is a microcosm of the broader economic challenges facing the nation. As these once-thriving retailers grapple with declining sales and increasing pressures, it looks imperative to examine the underlying factors contributing to their downfall.The struggles of Dollar Stores are a …

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• 10 September 2024 6:51 pm

  Explainer: How Reluctant OPEC+, Demand Concerns weigh on Oil Market

  

  The main cause of the current pessimistic assessment is growing demand fears following disappointing economic statistics from the three major oil demand regions: the US, China, and Europe. This has resulted in a rise in risk aversion.It appears that there has been an overstatement of the price reduction. Consequently, pressure …

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• 10 September 2024 3:22 pm

  U.S. Stock Futures Flat as Investors Await Inflation Data, Potential Fed Rate Cuts

  

  U.S. stock futures hovered near the flatline on Tuesday, as investors awaited key inflation data and deliberated over the potential size of Federal Reserve interest rate cuts. By 07:00 ET (11:00 GMT), Dow and S&P 500 futures were largely unchanged, while Nasdaq 100 futures dipped 29 points (0.2%). On Monday, …

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• 10 September 2024 2:36 pm

  Bitcoin Rebounds as Bargain Buyers Step In, but Gains Limited by Inflation Data Concerns

  

  Bitcoin’s price rose by 3.4% on Tuesday, reaching $56,715.3 at 01:16 ET (05:16 GMT), as bargain hunters moved into cryptocurrency markets after last week’s steep losses. However, the rebound was restrained by caution ahead of key U.S. inflation data expected this week, with ongoing capital outflows indicating that overall market …

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• 10 September 2024 2:34 pm

  Oil Prices Slip Amid Weaker Chinese Demand and Supply Concerns from Tropical Storm Francine

  

  Oil prices edged down on Tuesday, as concerns over weak Chinese demand outweighed supply disruptions caused by Tropical Storm Francine and continued global oversupply risks. Brent crude futures dipped by 4 cents, or 0.06%, to $72.80 per barrel, while U.S. West Texas Intermediate (WTI) crude futures fell by 10 cents, …

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• 10 September 2024 1:05 pm

  European Shares Steady Ahead of ECB Rate Decision Amid Mixed Economic Data

  

  European shares remained flat on Tuesday, stabilizing after a 1% jump in the previous session, as investors digested a mix of economic data while anticipating a widely expected interest rate cut from the European Central Bank (ECB) later in the week. The pan-European STOXX 600 index held steady at 510.40 …

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• 10 September 2024 9:54 am

  Gold Prices Slip Ahead of U.S. Inflation Data, Copper Retreats Amid Weak Chinese Imports

  

  Gold prices edged lower in Asian trade on Tuesday, as traders awaited crucial U.S. inflation data to gauge the Federal Reserve’s stance on potential interest rate cuts. Spot gold dipped 0.1% to $2,502.07 an ounce, while December gold futures also fell 0.1% to $2,531.0 an ounce. Despite the slight decline, …

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