Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 19 December 2024 12:04 am

  Powell Speech: Stronger Growth, Lower Unemployment Driving Slower Rate-Cut Path

  

  In a recent post-meeting press conference, Federal Reserve Chairman Jerome Powell explained the decision to cut the federal funds rate by 25 basis points to the range of 4.25%-4.5%. The decision, taken after the December meeting, was driven by several factors including stronger economic growth and lower unemployment.Key Drivers Behind …

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• 18 December 2024 11:48 pm

  Key messages from last US interest rate statement in 2024

  

  The Fed stated in its interest rate statement that “recent data have shown continued progress in economic activity. Labor market conditions have also shown significant improvement with the unemployment rate rising, although it has not reached very high levels. Inflation has shown a decline, approaching the central bank’s target of …

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• 18 December 2024 11:04 pm

  Fed cuts interest rate by 25 basis points as expected

  

  The US Federal Reserve cut interest rates on Wednesday and signaled it will slow the pace at which borrowing costs fall any further given a relatively stable unemployment rate and little recent improvement in inflation. “Economic activity has continued to expand at a solid pace” with an unemployment rate that …

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• 18 December 2024 10:46 pm

  Gold edges lower as markets eye Fed’s 2025 monetary policy path

  

  Gold prices dipped on Wednesday as investors awaited the Federal Reserve’s monetary policy decision. The market’s focus is on the central bank’s 2025 economic projections and the tone of Chair Jerome Powell’s subsequent press conference. The precious metal is 0..35% down, trading at $ 2636.28 at the time of writing.A …

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• 18 December 2024 9:54 pm

  Oil Prices Rise on Inventory Data, Fed Rate Cut Expectations

  

  Oil prices climbed on Wednesday, driven by a decline in US crude inventories and anticipation of an interest rate cut by the Federal Reserve. However, uncertainty surrounding the Fed’s future monetary policy trajectory is limiting the upside potential for oil.US Crude Inventory DrawThe Energy Information Administration (EIA) reported a decrease …

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• 18 December 2024 8:48 pm

  Looming Fed Decision Boosts Wall Street, But Market Eyes Future Policy Clues

  

  The Federal Reserve’s anticipated 25 basis point interest rate cut has provided a much-needed boost to the beleaguered New York Stock Exchange. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all seen significant gains, as investors eagerly anticipate the central bank’s decision.However, while the immediate market reaction …

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• 18 December 2024 7:52 pm

  EUR/USD Stalls Near 1.0500 Ahead of Fed Decision

  

  The EUR/USD pair is trading near 1.0500 on Wednesday, struggling to gain significant momentum. The 20-day Simple Moving Average (SMA) at 1.0550 continues to cap upside potential, suggesting a cautious market sentiment.Technical AnalysisTechnical indicators point to a lack of directional bias. The Relative Strength Index (RSI) is hovering around 42, …

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• 18 December 2024 4:43 pm

  U.S. Futures Rebound Ahead of Fed Decision, Markets Eye Long-Term Rate Outlook

  

  U.S. stock index futures climbed on Wednesday, recovering from the previous session’s losses, as investors anticipated the Federal Reserve’s widely expected interest rate cut. Markets have fully priced in a 25-basis-point reduction, but attention is fixed on the Fed’s future rate trajectory and signals for 2025. By early trading, S&P …

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• 18 December 2024 3:10 pm

  U.S. Dollar Holds Firm Ahead of Fed’s Policy Decision Amid Global Currency Shifts

  

  The U.S. dollar maintained its strength on Wednesday as investors braced for the Federal Reserve’s highly anticipated policy decision. The central bank is expected to implement a “hawkish cut,” reducing interest rates by 25 basis points while signaling a more restrained approach to easing in 2025. Markets are keen to …

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• 18 December 2024 2:12 pm

  Oil Prices Gain Amid Fed Rate Cut Anticipation and Fresh Sanctions on Russia

  

  Oil prices edged higher on Wednesday as investors awaited the conclusion of the U.S. Federal Reserve meeting, where a widely expected interest rate cut could signal further monetary easing for 2025. Brent crude climbed by 32 cents, or 0.44%, reaching $73.51 a barrel by early morning, while U.S. West Texas …

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• 18 December 2024 1:37 pm

  European Markets Mixed Amid Fed Anticipation and Corporate Developments

  

  European markets displayed a mixed performance on Wednesday as investors turned their focus to the upcoming U.S. Federal Reserve decision. By mid-morning, Germany’s DAX slipped 0.1%, France’s CAC 40 remained unchanged, while the U.K.’s FTSE 100 edged up 0.2%. Market participants are widely expecting the Fed to announce a 0.25% …

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• 18 December 2024 1:09 pm

  UK Inflation Climbs to Eight-Month High, Easing Pressure on the Bank of England

  

  British inflation surged to its highest level in eight months this November, reaching 2.6% on an annual basis, compared to 2.3% in October. This marks a sharp climb from September’s 1.7%, the first time inflation dipped below the Bank of England’s (BoE) 2% target in over three years. While this …

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• 18 December 2024 12:55 am

  Market Drivers; US Session: Cautious Market Awaits Central Bank Decisions

  

  As the year draws to a close, financial markets are navigating a period of heightened uncertainty, with investors closely monitoring the decisions of major central banks. The Federal Reserve’s interest rate decision on Wednesday is particularly significant, as it could have far-reaching implications for global markets.A Hawkish UndercurrentWhile the market …

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