Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 17 September 2024 6:49 pm

  Euro-Yen Soars Amid Mixed Economic Data

  

  The EUR/JPY pair experienced a significant uptick, surpassing the 157.00 mark, despite a disappointing ZEW economic sentiment survey from the Eurozone and Germany. This surge was primarily driven by the strengthening US dollar against the Japanese yen, influenced by positive US retail sales data.While the Federal Reserve’s upcoming monetary policy …

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• 17 September 2024 3:35 pm

  U.S. Stock Futures Rise as Markets Anticipate Aggressive Fed Rate Cut

  

  U.S. stock index futures edged higher on Tuesday as investors grew optimistic about the Federal Reserve’s anticipated rate-cutting cycle, with expectations leaning towards a larger reduction later this week. As of 06:15 ET (10:15 GMT), Dow Jones Futures climbed 115 points, or 0.3%, S&P 500 Futures gained 20 points, or …

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• 17 September 2024 1:40 pm

  Oil Prices Steady as Markets Weigh U.S. Output and Fed Decision

  

  Oil prices held steady on Tuesday after gaining more than $1 in the previous session, as traders assessed U.S. production concerns following Hurricane Francine, alongside expectations of lower U.S. crude stockpiles and the upcoming U.S. Federal Reserve policy decision. Brent crude futures for November remained unchanged at $72.77 per barrel …

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• 17 September 2024 11:55 am

  European Stocks Rise Ahead of Anticipated U.S. Rate Cut

  

  European stocks edged higher on Tuesday, led by gains in financial shares, as markets geared up for the U.S. Federal Reserve’s expected monetary easing cycle. Investors are eyeing a potential outsized rate reduction from the U.S. central bank. The continent-wide STOXX 600 index climbed 0.6% to 518.16 points by 07:13 …

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• 17 September 2024 10:53 am

  Oil Prices Climb Amid U.S. Output Concerns and Expected Crude Stockpile Drop

  

  Oil prices extended their gains on Tuesday, supported by production disruptions in the U.S. Gulf of Mexico following Hurricane Francine and expectations of a drop in U.S. crude inventories. The market is also anticipating a positive sentiment shift ahead of this week’s Federal Reserve interest rate decision. Brent and U.S. …

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• 17 September 2024 10:51 am

  Gold Prices Dip Slightly but Hold Near Record Highs Ahead of Fed Decision

  

  Gold prices edged lower in Asian trade on Tuesday, but remained near record highs as expectations grew for a substantial interest rate cut by the U.S. Federal Reserve later this week. The metal’s strong performance has been fueled by a weakening U.S. dollar and falling Treasury yields, driven by speculation …

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• 17 September 2024 10:49 am

  Asian Markets Brace for Federal Reserve Rate Cut Amid Yen Surge

  

  Asian currencies saw muted activity in Monday’s holiday-thinned trade, with regional markets focused on the highly anticipated Federal Reserve meeting this week. While markets in Japan, China, and South Korea were closed for holidays, the Japanese yen made significant gains, hitting an eight-month high, as traders positioned ahead of key …

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• 17 September 2024 1:40 am

  Market Drivers; US Session, September 16

  

  The selling sentiment that was undermining the dollar on Monday persisted, as traders continued to assign more weight to the possibility that the Fed might shock the markets by lowering interest rates by a half percentage point on Wednesday. For the third straight day, the US Dollar Index (DXY) fell, …

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• 17 September 2024 12:16 am

  XAU/UDS soars to fresh record high ahead of FOMC meeting

  

  Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

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• 16 September 2024 11:07 pm

  Canadian Dollar Weakens with CPI data around the corner

  

  As CAD traders braced themselves for a new batch of Canadian Consumer Price Index (CPI) inflation numbers due during the mid-week phase, the Canadian dollar lost ground at the beginning of the trading week, plunging into the low end on Monday across the major currency board. On Tuesday, the Bank …

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• 16 September 2024 10:09 pm

  Rate Cut Looms Large as Some US Stocks Hover Near Fresh Records

  

  As the Federal Reserve prepares to announce its interest rate decision, financial markets worldwide are on tenterhooks. The Dow Jones Industrial Average, tantalizingly close to record highs, reflects the widespread anticipation for a significant rate cut. Investors hope this move will provide a much-needed boost to the faltering economy.Fed’s Looming …

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• 16 September 2024 9:47 pm

  Explainer: Earnings The Real Catalyst For S&P 500’s Rebound

  

  As the Federal Reserve prepares to cut interest rates, investors are eagerly anticipating a broader market recovery. While the Fed’s actions will undoubtedly provide a supportive environment, it’s crucial to recognize that earnings growth is the true catalyst for the S&P 500’s rebound.Beyond Big Tech: A Broad-Based RallyWhile Big Tech …

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• 16 September 2024 8:26 pm

  EUR/GBP Undergoes A Persistent Bearish Trend

  

  The EUR/GBP pair has been under sustained selling pressure, with recent price action reinforcing the bearish outlook. The pair’s failure to breach the 20-day Simple Moving Average (SMA) has served as a catalyst for further declines, indicating that sellers have maintained control of the market.The EUR/GBP pair is facing a …

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