Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 26 September 2024 5:44 pm

  Analysis of Powell’s Speech: Significance and Key Themes

  

  The speech delivered by Fed Chair Jerome Powell at the 10th Annual US Treasury Market Conference marks a significant milestone in the understanding and regulation of the US Treasury market. It provides a historical context for the conference’s inception, highlights the market’s crucial role in the economy, and underscores the …

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• 26 September 2024 3:15 pm

  U.S. Dollar Consolidates After Sharp Rebound; Eyes on Federal Reserve Speeches

  

  The U.S. dollar edged lower on Thursday as traders awaited more speeches from key Federal Reserve policymakers, following a sharp rally in the previous session. The Dollar Index, which measures the greenback against a basket of six other currencies, was down 0.1% to 100.565 as of 04:40 ET (08:40 GMT). …

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• 26 September 2024 12:48 pm

  Swiss National Bank Cuts Interest Rates Amid Taming Inflation

  

  On Thursday, the Swiss National Bank (SNB) announced a 25 basis point cut to its interest rates, marking its third reduction this year. This adjustment brings the policy rate down to 1.00%, the lowest level since early 2023. The decision aligns with similar moves by the European Central Bank and …

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• 26 September 2024 11:41 am

  Oil Prices Decline as Saudi Arabia Signals Shift in Strategy

  

  Oil prices fell on Thursday, reversing earlier gains as market sentiment was impacted by news that top exporter Saudi Arabia is planning to abandon its unofficial crude oil price target of $100 per barrel in preparation for expanded production. Market Overview Brent crude futures dropped by 55 cents, or 0.75%, …

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• 26 September 2024 11:03 am

  Gold Prices Hold Steady Near Record Highs Ahead of Powell’s Address and Key U.S. Economic Data

  

  Gold prices remained steady in Asian trade on Thursday, staying close to their recent record highs, as investors shifted their attention to Federal Reserve Chair Jerome Powell’s upcoming address and significant U.S. economic data releases. Spot gold rose by 0.2% to $2,661.78 an ounce, while December gold futures steadied at …

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• 26 September 2024 2:37 am

  Market Drivers, US Session, September 25

  

  Market Focus Shifts to Powell’s Speech and Key Economic Data The US Dollar Index (DXY) experienced a sharp increase, rebounding from recent lows. This rebound was fueled by a combination of factors, including expectations for a stronger US economy and potential adjustments to monetary policy.The US dollar staged a significant …

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• 26 September 2024 2:08 am

  Swiss Franc Under Pressure Ahead of SNB Policy Meeting

  

  The Swiss Franc (CHF) is facing downward pressure as investors anticipate a potential interest rate cut by the Swiss National Bank (SNB) at its upcoming policy meeting. The USD/CHF pair has risen, reflecting market expectations for a more accommodative monetary stance from the SNB.SNB Rate Cut ExpectationsMarket participants are pricing …

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• 26 September 2024 12:53 am

  Gold Price Stabilizes Amidst Rising US Treasury Yields

  

  Gold prices have shown resilience despite rising US Treasury yields, maintaining a steady position above $2,650. The market’s increased expectation of further interest rate cuts by the Federal Reserve (Fed) has provided support to the precious metal. However, the strengthening US dollar and elevated Treasury yields have limited gold’s upside.Factors …

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• 25 September 2024 11:46 pm

  Despite gains, bets on Fed could limit US Dollar’s uptrend

  

  The market is still overestimating Fed easing even while the Fed is defying dovish expectations. S&P Global preliminary September PMIs came in above forecasts, indicating that the economy is still doing well. Fed representatives will make an effort to temper their dovish remarks. Amidst growing concerns of a recession, the …

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• 25 September 2024 9:43 pm

  USD/JPY Experiences Emerging Bullish Trend

  

  The USD/JPY currency pair has experienced a significant uptick, driven primarily by a surge in U.S. Treasury yields. While the pair’s overall trend remains bearish, recent technical indicators suggest a potential short-term reversal. Despite the recent rally, the USD/JPY pair continues to trade below the Ichimoku Cloud and the 200-day …

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• 25 September 2024 8:13 pm

  Will Looming Economic Data Affect Fed’s Decisions on Interest Rates?

  

  Earlier this week, Federal Reserve officials said that the US economy remains strong, but that they will be monitoring upcoming data for warning signs. Officials said they need to keep close tabs on job market data and ensure inflation doesn’t reignite. The Federal Reserve’s recent aggressive interest rate cuts, aimed …

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• 25 September 2024 7:09 pm

  Euro Retreats Against US Dollar as Fed Cuts Interest Rates

  

  EUR/USD retreats below 1.1200, trading at 1.1131 at the time of writing, as the Euro responds to deepening worries over Eurozone economic growth. Earlier on Tuesday, the Euro has strengthened against the US Dollar as investors anticipate further interest rate cuts by the Federal Reserve (Fed). This trend is fueled …

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• 25 September 2024 2:36 pm

  U.S. Stock Index Futures Edge Lower as Investors Eye Federal Reserve Updates

  

  U.S. stock index futures saw a slight decline on Wednesday, as investors took a pause after recent record highs and shifted their focus toward upcoming signals from the Federal Reserve on interest rate movements. As of 05:50 ET (09:50 GMT), Dow Jones Futures fell by 25 points, or 0.1%, while …

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