Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2024

• 1 August 2024 10:10 pm

  Bitcoin Price Ignores Rate Cut Expectations

  

  Despite the Federal Reserve adopting a dovish tone during the FOMC meeting, Bitcoin’s price remained weak. Fed Chair Jerome Powell hinted at a rate cut in September, which had already been priced in by the market at 0.25% odds.While US equities responded positively, the crypto market showed little interest, with …

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• 1 August 2024 9:48 pm

  Dollar Maintains Gains Following FOMC Meeting

  

  The US Dollar rebounded after the Federal Reserve’s (Fed) decision, with market participants focusing on Friday’s Nonfarm Payrolls data. Despite signs of disinflation, the strong US economic landscape led Fed Chair Jerome Powell to maintain a data-dependent stance. While chances of a rate cut in September increased, Powell’s demand for …

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• 1 August 2024 7:24 pm

  XAU/USD climbs above $2,450 as NFP eyed

  

  Gold prices surged past $2,450 on Thursday, fueled by the Federal Reserve’s (Fed) signal of potential rate cuts and escalating tensions in the Middle East. The Fed expressed increased confidence in a slowing inflation rate during the second quarter, bolstering expectations for a policy shift.The XAU/USD index reached a two-week …

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• 1 August 2024 1:57 pm

  Dollar bounces after Fed decision while pound slides before BoE

  

  The U.S. dollar rebounded on Thursday following a decline the previous day, as central bank decisions continued to impact currency markets. The dollar index, which measures the dollar against six major peers, rose by 0.29% to 104.35. This recovery came after a 0.4% drop the day before, when the Federal …

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• 1 August 2024 1:27 pm

  European shares lower on earnings

  

  Major European equity markets experienced declines on Thursday, impacted by corporate earnings reports from both the U.S. and Europe. Meanwhile, expectations of forthcoming policy easing in the United States supported global bond markets. The Federal Reserve maintained interest rates on Wednesday but hinted at a potential cut in September. Traders …

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• 1 August 2024 3:56 am

  Jerome Powell Takes Center Stage After Fed’s Interest Rate Decision

  

  The Federal Reserve, under the leadership of Chairman Jerome Powell, has demonstrated unwavering commitment to aligning and determination to adjust its actions with market expectations. Their recent decision to maintain interest rates without deviation from prevailing trends reflects this resolve. By doing so, Powell aims to instill confidence in investors …

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• 1 August 2024 3:35 am

  Which scenario will BoE meeting follow?

  

  The Bank of England faces a critical decision on interest rates as policymakers weigh whether to reduce borrowing costs for the first time since the onset of the Covid-19 pandemic. Following a significant decline in inflation this year, Threadneedle Street is poised for its first rate cut since raising interest …

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• 1 August 2024 2:45 am

  Market Drivers; US Session, July 31

  

  BoJ Surprise, Fed Signal: The unexpected rate hike by the Bank of Japan (BoJ) surprised the foreign exchange (FX) world on Wednesday. The Fed left its policy rate unchanged but signaled a potential rate cut in September.Upcoming Events:Bank of England (BoE) decision: Odds are split regarding a probable rate reduction. …

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• 1 August 2024 1:42 am

  US Treasury yields decline as Powell stresses on labour

  

  After the Fed maintained current interest rates, US Treasury yields declined; the 10-year note drops to 4.04%. Fed Chair Jerome Powell highlights the significance of the labour market, noting that the July Nonfarm Payrolls report will be crucial in determining future interest rates.By year’s end, market players factor in three …

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• 1 August 2024 12:04 am

  S&P 500 Rallies as Fed Hints at Rate Cut

  

  Wall Street surged on Wednesday, propelled by the S&P 500’s largest single-day gain since February. The optimism was ignited by the Federal Reserve’s decision to hold interest rates steady while signaling a potential rate cut as soon as September. Fed Chair Jerome Powell indicated that progress in taming inflation and …

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July, 2024

• 31 July 2024 11:34 pm

  USD/JPY Declines as Fed Signals September Rate Cut

  

  On Wednesday, the USD/JPY pair declined by 1.5% following the Bank of Japan’s surprise quarter-point rate hike—the second such hike since 2007. Japanese interest rates are now above zero for the first time since September 2010.Meanwhile, the Federal Reserve (Fed) maintained rates during its July meeting, as expected. Fed Chairman …

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• 31 July 2024 10:54 pm

  Powell Speech: Upside Risks to Inflation Have Decreased

  

  Federal Reserve Chairman Jerome Powell recently explained the decision to leave the policy rate (federal funds rate) unchanged in the range of 5.25% to 5.5%. During the post-meeting press conference, Powell addressed questions and provided insights.Interest Rates and Inflation:• The Fed maintained interest rates at a two-decade high.• The central …

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• 31 July 2024 10:00 pm

  FOMC keeps interest rate unchanged in July

  

  The US Federal Reserve (Fed) announced on Wednesday that it left the policy rate, the federal funds rate, unchanged at the range of 5.25%-5.5% following the July policy meeting. This decision came in line with the market expectation. Federal Reserve officials were widely expected to leave their key interest rate unchanged …

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