Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 7 November 2024 11:50 pm

  Powell explains Fed’s rate cut decision

  

  Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference.The US Dollar remains largely on the defensive following the Fed’s decision to lower its rates by …

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• 7 November 2024 11:25 pm

  Fed Rate Cut Weighs on Euro, EUR/USD Retreats

  

  The Federal Reserve’s anticipated 25-basis point interest rate cut on Thursday tempered the Euro’s earlier gains against the US Dollar. While the move aligned with market expectations, it shifted market focus to the Fed’s December meeting, where another rate cut is widely anticipated.The Euro, the official currency of the Eurozone, …

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• 7 November 2024 11:02 pm

  Fed cuts interest rate by 25 basis points as widely expected

  

  The Federal Reserve cut interest rate by 25 basis points, as widely expected to continue its monetary policy easing cycle. Fed decided, Thursday to lower the policy rate after Donald Trump won the US presidential election.Fed Chairman Powell’s remarks could provide important clues about the rate outlook. The US Dollar …

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• 7 November 2024 10:02 pm

  Adviser: Trump Will Let Powell Complete His Term As Fed Chair

  

  According to a senior adviser to Trump who asked to remain anonymous in order to discuss private discussions, President-elect Donald Trump is expected to let Federal Reserve Chair Jerome Powell complete the remaining portion of his term, which ends in May 2026. Jerome Powell, the current chair of the Federal …

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• 7 November 2024 9:41 pm

  Dow Jones Pauses for Breath Ahead of Fed Decision

  

  The Dow Jones Industrial Average traded in a narrow range on Thursday, holding near its record high. Investors are adopting a cautious stance as they await the Federal Reserve’s interest rate decision later in the day.The market’s anticipation of a 25 basis point rate cut from Fed Chair Jerome Powell …

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• 7 November 2024 7:51 pm

  Despite Trump’s Win, Federal Expected To Cut Rates By 25 Basis Points

  

  The American central bank is expected to maintain its monetary easing cycle. The Federal Reserve is expected to cut its benchmark policy rate by 25 basis points (bps) at the end of its policy meeting on Thursday, a decision that may seem a footnote given the uncertain economic terrain the …

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• 7 November 2024 4:05 pm

  U.S. Futures Edge Higher as Focus Shifts to Fed After Trump’s Election Victory

  

  U.S. stock index futures traded higher Thursday morning, continuing the positive momentum generated by Donald Trump’s presidential election win in 2024. The market is now turning its attention to the Federal Reserve’s policy decision later in the day. Futures Overview At 06:20 ET (11:20 GMT), futures showed modest gains across …

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• 7 November 2024 1:56 pm

  European Stocks Rise on Rebound in Tech and Resource Sectors; Rate Decisions Awaited

  

  European markets advanced on Thursday, driven by gains in technology and resource stocks as investors turned their attention to upcoming monetary policy announcements from the Federal Reserve and the Bank of England (BoE). Key Market Highlights The pan-European STOXX 600 index climbed 0.5%, led by the basic resources sector, which …

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• 7 November 2024 12:42 pm

  Dollar Retreats After Post-Election Surge, Markets Eye Central Bank Moves

  

  The U.S. dollar pulled back slightly on Thursday, easing from a four-month high reached after Donald Trump’s victory in the 2024 presidential election. Market participants are now focused on upcoming monetary policy announcements from the Federal Reserve and other central banks. Fed Rate Cut Anticipated The Federal Reserve is expected …

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• 7 November 2024 11:16 am

  Gold Prices Dip Amid Dollar Rally Post-Trump Election Win; Industrial Metals Show Mixed Trends

  

  Gold prices slipped slightly in Asian trade on Thursday, extending the losses from the previous session, triggered by a sharp rally in the dollar and risk assets following Donald Trump’s victory in the 2024 U.S. presidential election. Despite this recent decline, gold has managed to hold on to significant gains …

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• 7 November 2024 10:30 am

  Asian Markets Remain Cautious Post-Trump Election Rally Amid China Stimulus Hopes and Fed Watch

  

  Asian stocks saw limited movement on Thursday, with early gains following Donald Trump’s election victory in the U.S. beginning to taper off. The initial rally sparked by optimism on Wall Street is being overshadowed by concerns over trade and stimulus policies. Investors are now focused on additional economic measures from …

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• 7 November 2024 2:05 am

  Market Drivers; US Session

  

  The US Dollar Index (DXY) rose to four-month tops north of the 105.00 hurdle on the back of Trump’s win and higher US yields. The Fed’s interest rate decision will be at the centre of the debate, seconded by weekly Initial Jobless Claims and Wholesale Inventories.The US dollar has touched …

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• 7 November 2024 1:00 am

  US dollar hits multi-month highs following Trump’s win

  

  The election of Trump increases the likelihood of policy-induced inflation, which forces the Fed to maintain its restrictive stance for a longer period of time. A 25 basis point cut is anticipated when the FOMC meets on Thursday.The US economy is still expanding at or above the trend. Following former …

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