Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 9 September 2024 12:37 pm

  European Stocks Rebound as Investors Anticipate ECB Rate Cut

  

  European shares kicked off the week with gains following a sharp decline last Friday, as investors look ahead to key economic data releases and expect the European Central Bank (ECB) to reduce interest rates later this week. By 0711 GMT on Monday, the pan-European STOXX 600 index had risen by …

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• 9 September 2024 10:09 am

  Oil Futures Surge on Hurricane Threat and Market Recovery

  

  Oil futures experienced a significant rebound on Monday, rising by $1 as traders reacted to the potential impact of a hurricane system approaching the U.S. Gulf Coast and recovered from a recent downturn triggered by disappointing U.S. jobs data. By early trading, West Texas Intermediate (WTI) crude futures had climbed …

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• 9 September 2024 9:32 am

  Dollar Recovers as Yen Retreats; U.S. Inflation Data Looms Large

  

  Dollar Gains Ground as Yen Retreats; Investors Await U.S. Inflation Data The dollar rebounded on Monday, recouping some of its recent losses, while the yen eased off its safe-haven highs. Investors, uncertain about the scale of an upcoming Federal Reserve rate cut, are now turning their attention to this week’s …

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• 9 September 2024 4:55 am

  Financial Markets Weekly Recap: US Labour Data Attracted Most Investors’ Attention

  

  The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs …

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• 6 September 2024 9:50 pm

  US Dollar Holds Steady Amid Mixed NFP Data

  

  The US Dollar regained its footing following the release of August’s Nonfarm Payrolls (NFP) report, which offered a mixed bag of economic indicators. While the headline number fell short of expectations, a decline in the unemployment rate and a rise in average hourly earnings fueled speculation about more aggressive monetary …

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• 6 September 2024 8:59 pm

  Fed’s Goolsbee: Multiple Rate Cuts Imminent

  

  The Federal Reserve is poised to pivot towards a more accommodative monetary policy, according to recent statements from Chicago Fed President Austan Goolsbee.Goolsbee, speaking on Friday, noted a growing consensus among Fed officials that interest rate cuts are necessary to address the evolving economic landscape. While he didn’t advocate for …

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• 6 September 2024 7:54 pm

  Fed Governor Waller Advocates for Interest Rate Cut

  

  Federal Reserve Governor Christopher Waller has joined the growing chorus of policymakers calling for a reduction in interest rates at the central bank’s upcoming meeting. In a speech delivered on [Date], Waller expressed his belief that the progress made on inflation and the moderating labor market warrant a decrease in …

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• 6 September 2024 6:42 pm

  CHF Gains as US Labour Market Stumbles

  

  The US Dollar’s recent decline against the Swiss Franc can be attributed to a combination of factors, primarily stemming from the soft US labour market data revealed in August. The NFP report, which showed a smaller-than-expected increase in jobs, has dampened expectations for interest rate change by the Federal Reserve.After …

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• 6 September 2024 3:09 pm

  US Stock Futures Dip as Investors Brace for Crucial Labor Market Report

  

  US stock futures traded slightly lower on Friday as investors awaited a key labor market report that could influence the Federal Reserve’s next decision on interest rates. By 06:21 ET (10:21 GMT), Dow futures had declined by 130 points (0.3%), S&P 500 futures were down by 34 points (0.6%), and …

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• 6 September 2024 10:42 am

  Dollar Weakens Ahead of Key U.S. Payroll Data as Market Awaits Fed’s Next Move

  

  The U.S. dollar hit a one-month low against the yen and a one-week low versus the euro on Friday, as traders exercised caution ahead of a key U.S. jobs report. Mixed signals from recent employment data have added uncertainty to the market, influencing expectations for the Federal Reserve’s next interest …

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• 6 September 2024 9:33 am

  Oil Prices Inch Higher Amid Caution Ahead of Key U.S. Employment Data

  

  Oil prices edged higher during Asian trading on Friday as investors remained cautious ahead of the release of key U.S. employment data. This comes amid weighing factors, including a significant withdrawal from U.S. crude inventories and a potential delay in production hikes by OPEC+ producers. By 0507 GMT, Brent crude …

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• 6 September 2024 2:12 am

  US Dollar Weakened on Mixed Economic Data

  

  The US Dollar experienced a decline on Thursday following the release of mixed economic data. While services sectors showed signs of growth, labour market indicators hinted at potential weakness. This confluence of factors has led investors to speculate on a more aggressive interest rate cut by the Federal Reserve in …

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• 6 September 2024 12:26 am

  Market Drivers; US Session, September 5

  

  The US dollar continued its downward trend, breaching the crucial 101.00 level. This decline was fueled by persistently low US interest rates and growing speculation that the Federal Reserve might implement a more aggressive interest rate cut, potentially halving the cut in its next meeting.The US Dollar Index (DXY) extended …

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