Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 25 September 2024 12:58 am

  Market Drivers; US Session, September 24, 2024

  

  The global financial markets experienced a significant surge on Tuesday, buoyed by China’s aggressive stimulus measures and continued interest rate cuts by the Federal Reserve. The S&P 500 and Dow Jones Industrial Average both reached new all-time highs, while Chinese stocks soared in response to the economic stimulus.Key Drivers of …

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• 25 September 2024 12:46 am

  Stock Market Higher on China’s Stimulus, Fed Rate Cuts

  

  The US stock market continued its upward trajectory, with both the S&P 500 and Dow Jones Industrial Average hitting fresh record highs on Tuesday. This surge was primarily driven by China’s aggressive stimulus measures and ongoing Federal Reserve rate cuts.China’s Stimulus Ignites Global Markets:China’s announcement of a significant stimulus package, …

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• 25 September 2024 12:19 am

  XAU hits a record high as US consumer confidence declines

  

  Amidst a decline in US consumer confidence and a falling US dollar, gold reaches a new all-time high of $2,655, with XAU/USD trading at $2,651. Fed Governor Michelle Bowman suggests reducing interest rates gradually. Middle East geopolitical unrest also increases demand for gold as a safe haven, pushing the price …

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• 24 September 2024 11:46 pm

  China Launches Stimulus to Bolster Flagging Economy

  

  China’s People’s Bank of China (PBOC) Governor Pan Gongsheng has announced plans to lower borrowing costs and allow banks to increase lending, following disappointing data that has raised expectations that the world’s second-largest economy will miss its 5% growth target this year. The move comes after a series of disappointing …

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• 24 September 2024 9:16 pm

  Macklem: BoC looks for continued easing of inflation to 2%

  

  Bank of Canada (BoC) Governor Tiff Macklem noted early Tuesday that the BoC will continue to carefully watch consumer conditions in Canada, reiterating that the BoC’s timing and pace of rate cuts will be dependent on data.Key highlightsWith continued progress we’ve seen on inflation, it is reasonable to expect further …

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• 24 September 2024 8:27 pm

  US Dollar Weakened Following Soft Economic Data

  

  The US Dollar experienced a decline in recent trading sessions, primarily driven by weaker-than-expected economic data. The release of the Consumer Confidence and Richmond Fed Manufacturing Index for September both fell below market expectations, suggesting a potential for more aggressive interest rate cuts by the Federal Reserve in the coming …

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• 24 September 2024 7:09 pm

  The Euro’s Resurgence Reflects Shifting Landscape for Global Currencies

  

  The Euro has witnessed a remarkable resurgence in recent weeks, buoyed by increasing expectations that the Federal Reserve (Fed) will significantly cut interest rates in the coming months. This shift in sentiment has been driven by a confluence of factors, including weakening economic indicators in both the US and Eurozone, …

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• 24 September 2024 2:49 pm

  German Business Morale Dips, Signaling Possible Recession

  

  German business sentiment took another hit in September, falling for the fourth consecutive month, according to a recent survey released on Tuesday. This dip adds to growing concerns that Europe’s largest economy may have slipped into recession. The Ifo Institute’s business climate index, a widely watched gauge of business morale, …

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• 24 September 2024 2:09 pm

  Oil Prices Rise on Chinese Stimulus and Middle East Tensions

  

  Oil prices surged on Tuesday, buoyed by news of significant monetary stimulus from China, the world’s largest oil importer, alongside escalating tensions in the Middle East and concerns over potential supply disruptions in the United States due to another looming hurricane. Brent crude futures climbed by 1.8%, reaching $75.24 per …

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• 24 September 2024 9:32 am

  Gold Prices Hit Record Highs Amid Fed Rate Cut Optimism; Copper Rallies on Chinese Stimulus Measures

  

  Gold prices surged to record highs in Asian trading on Tuesday, building on recent gains driven by optimism over U.S. interest rate cuts, while copper prices rallied sharply following a wave of stimulus measures announced by the Chinese government. These developments are setting the stage for a dynamic week in …

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• 24 September 2024 2:44 am

  Market Drivers; US Session, September 23

  

  The US Dollar, once a stalwart symbol of global economic stability, has found itself in a state of flux following the Federal Reserve’s recent decision to cut interest rates. This strategic move, aimed at stimulating economic growth, has had far-reaching implications for the currency’s value and its role in the …

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• 24 September 2024 1:06 am

  Intel’s Stock Surge: Further Hope Amid Economic Uncertainty

  

  Intel’s recent stock surge, fueled by potential investments from Apollo Global Management and Qualcomm, has sent ripples of optimism through the technology sector. As the global economy navigates a complex landscape of economic uncertainties, Intel’s resurgence offers a glimmer of hope for investors and industry observers alike.Investors should closely monitor …

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• 24 September 2024 12:02 am

  US Dollar steadies as investors digest S&P Global PMIs

  

  Despite poorer PMI data, the US currency held constant and even increased on Monday. The market pricing in 75 basis points of Fed easing by year-end. The Federal Reserve’s Goolsbee pledged that “many cuts” will be necessary in 2019. There are signs that the US economy is growing, even if …

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