Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 23 September 2024 11:17 pm

  US Treasury yields firm on Fed’s signals about gradual easing ahead

  

  US Treasury yields are stable despite growing anticipation for the Fed to drop rates again after a 50 basis point decrease last week. Both Atlanta’s Bostic and Minneapolis Fed President Kashkari favor modest rate reductions; Kashkari projects that rates will reach 4.4% by the end of 2024. Bostic downplays the …

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• 23 September 2024 10:41 pm

  XAU/USD steadies above $2,600 on further rate cut hopes, Middle East tensions

  

  Expectations of a rate cut by the Federal Reserve in November and declining US Treasury yields propel gold to a new all-time high. S&P Global Flash PMIs show that while the manufacturing sector is resilient, the US economy is not as strong in the manufacturing sector.While retaining policy flexibility and …

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• 23 September 2024 9:09 pm

  Euro Retreats On Fresh Recession Fears

  

  Monday saw a temporary extension of the euro’s slide versus the US dollar as business activity figures for the euro zone economy disappointed. Prior to this, US statistics had indicated that activity remained stable. With markets already putting in a roughly 77% possibility for a cut of at least 25 …

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• 23 September 2024 7:45 pm

  Crude Oil surges after US PMI’s

  

  Crude Oil advances higher after US PMI’s lead the way. Euopean PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven US dollar. Crude Oil makes a run for it and …

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• 23 September 2024 3:07 pm

  Euro Plunges as Grim Business Data Fuels Expectations of ECB Rate Cuts

  

  The euro experienced a sharp decline against the dollar on Monday as recent business activity data painted a gloomy picture of the euro zone’s economic health, heightening expectations that the European Central Bank (ECB) may resort to more policy easing later this year. The common currency dropped by 0.6% to …

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• 23 September 2024 12:44 pm

  Euro Zone Business Activity Contracts Sharply Amid Manufacturing and Services Slowdown

  

  Business activity in the euro zone saw an unexpected and sharp contraction this month, as the bloc’s dominant services sector stagnated, and the manufacturing downturn accelerated, according to data released on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 48.9 in September …

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• 23 September 2024 11:33 am

  Oil Prices Rise Amid Middle East Tensions and U.S. Interest Rate Cut

  

  Oil prices edged higher on Monday, driven by concerns over potential supply disruptions in the Middle East and optimism that the U.S. Federal Reserve’s significant interest rate cut last week would support demand. Brent crude futures for November delivery rose 22 cents, or 0.3%, to $74.71 a barrel by 0705 …

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• 23 September 2024 10:31 am

  Bitcoin Extends Gains to One-Month High Amid Fed Rate Cut Optimism, Eyes More Economic Cues This Week

  

  Bitcoin continued its upward momentum on Monday, reaching a one-month high as traders reacted positively to the Federal Reserve’s recent interest rate cut. However, trading volumes were subdued due to a market holiday in Japan and the anticipation of more economic signals in the coming days. Bitcoin rose 1.3% to …

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• 23 September 2024 9:57 am

  Gold Prices Hit Record High Amid U.S. Rate Cut Optimism, Market Awaits More Economic Signals

  

  Gold prices surged to a new record high in Asian trading, fueled by optimism surrounding recent U.S. interest rate cuts. Investors also exhibited caution ahead of a series of economic events this week, which further supported the yellow metal’s rise. Spot gold climbed 0.3% to reach a historic high of …

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• 23 September 2024 7:25 am

  Financial Markets Weekly Recap: Fed’s Pivotal Shift Triggers Risk-On

  

    Fed’s Aggressive Rate Cut Signals a New Era Last week, the Federal Reserve made a significant move by cutting its policy rate by a substantial 0.5%. This marked a significant departure from its previous stance of aggressive rate hikes aimed at curbing inflation. The larger-than-expected cut signals a critical …

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• 21 September 2024 4:03 am

  

  Market Drivers: US Session, September 20 US Dollar Strengthens Amidst Fed Rate Cut and Economic OptimismThe US Dollar gained momentum following the Federal Reserve’s interest rate cut, reflecting growing market optimism about the US economy. The New York Fed’s Nowcast model projects robust economic growth in the third and fourth …

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• 20 September 2024 11:00 pm

  Dow Rallies Cautiously in Celebration Following Rate Cut

  

  Dow Jones hovers near 42,000. Thus, the Index is heading for another winning week, but this time, Dow’s rally comes after Fed’s recent rate cut. The Dow Jones Industrial Average has surged to near 42,000 this week, following the Federal Reserve’s aggressive interest rate cut. This marks a significant turnaround …

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• 20 September 2024 10:12 pm

  Trump slams Fed’s rate cut decision

  

  Following the half-percentage-point interest rate cut by the Federal Reserve less than two months before the November election, Republican presidential nominee Donald Trump is not holding back in his criticism of the institution. In an interview with Newsmax on Thursday, the former president stated, “It really is a political move.” …

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