Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 2 September 2024 8:27 pm

  Explainer: What Investors Should Know About ECB’s Rate Cut Dilemma

  

  The European Central Bank (ECB) is grappling with a growing divide among policymakers regarding the economic outlook. While some fear a looming recession, others remain concerned about persistent inflation pressures. This divergence is likely to shape the rate cut debate for months to come, as the eurozone economy navigates a …

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• 2 September 2024 8:19 pm

  Sterling Shows Resilience Against the Euro

  

  The EUR/GBP currency pair has been experiencing a period of volatility. While the euro has shown signs of strength against other currencies, its position against the pound sterling has been somewhat subdued. This article will delve into the technical indicators and market dynamics that are influencing the EUR/GBP exchange rate.The …

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• 2 September 2024 7:16 pm

  EUR/USD Tug-of-War Face Tug of War Between Fed, ECB

  

  The global economic recovery stumbles forward, shadowed by the ghost of the pandemic and the dark clouds of geopolitical tensions. In this uncertain landscape, the exchange rate between the Euro (EUR) and the US Dollar (USD) has become a fascinating battleground. Two central banks, the Federal Reserve (Fed) and the …

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• 2 September 2024 1:57 pm

  Oil Prices Extend Losses Amid OPEC+ Production Increase and Demand Concerns

  

  Key Points: Price decline: Oil prices continued to fall on Monday, driven by expectations of higher OPEC+ production and concerns about weak demand in China and the United States.OPEC+ production: The organization is set to increase oil output in October as part of a plan to unwind previous supply cuts.Demand …

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• 2 September 2024 1:03 pm

  Eurozone Manufacturing Remains in Contraction

  

  Persistent contraction: Eurozone manufacturing activity continued to decline in August, according to the latest PMI data.Weak demand: New orders and demand from abroad fell at the fastest rates this year.Price increases: Manufacturers raised their prices for the first time in 16 months, driven by factories in several countries.Inflation easing: Overall …

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• 2 September 2024 10:48 am

  Dollar Gains as Fed Rate Cut Expectations Moderate

  

  The U.S. dollar strengthened against major currencies on Monday as investors scaled back their expectations for aggressive interest rate cuts by the Federal Reserve. This shift in sentiment followed the release of inflation data that indicated a less urgent need for the Fed to take more drastic measures to curb …

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• 2 September 2024 10:18 am

  Turkey’s Economic Tightrope: A Balancing Act

  

  A Tale of Two Quarters Turkey’s economic journey has been a rollercoaster in recent times, with a steep ascent in the first quarter followed by a more cautious descent in the second. The reasons for this shift are as complex as the Turkish economy itself. The First Quarter: A Consumer …

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• 2 September 2024 9:28 am

  Oil Prices Extend Losses Amid OPEC+ Production Increase and Weak Demand in China and U.S.

  

  Oil prices continued their downward trend on Monday, driven by expectations of increased OPEC+ production starting in October and concerns over sluggish demand in the world’s two largest oil consumers, China and the United States. Market Movements: Brent Crude: Fell by 61 cents, or 0.8%, to $76.32 per barrel.West Texas …

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• 2 September 2024 5:48 am

  Financial Markets Weekly Recap: US Growth, PCE Ignites Price Actions

  

  Financial markets experienced extreme volatility this summer, with notable corrections in August and an impressive resurgence. Geopolitical worries, economic statistics, corporate results, and expectations for monetary policy were some of the causes that drove volatility. Depending on the index, August’s market movement was akin to a summer action film, with …

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August, 2024

• 31 August 2024 1:54 am

  boosted by T-Yields, USD/JPY Rallies Past 146.00

  

  The forex market has been buzzing with activity lately, with the USD/JPY pair grabbing headlines. This is why it looks interesting to dives deep into the forces propelling this upward trend and explore its potential “Domino Effect” across the global economy. The recent surge in the USD/JPY is a confluence …

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• 30 August 2024 10:59 pm

  DXIY Rallies Amidst Inflationary Tides

  

  The US Dollar has been on a steady upward trajectory, gaining strength following the release of July’s Personal Consumption Expenditures (PCE) Index. This inflation metric, favored by the Federal Reserve, has shown a consistent decline, suggesting that inflationary pressures are easing. However, the path forward for interest rate cuts remains …

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• 30 August 2024 9:57 pm

  Dow Jones: A New Record High, but Caution Ahead

  

  The Dow Jones Industrial Average (DJIA) capped off a remarkable week with a new intraday high. This milestone, following a similar record-setting performance on Monday, underscores the ongoing bullish sentiment in the market. However, the recent retreat from the all-time high raises questions about the sustainability of this momentum.Inflation and …

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• 30 August 2024 9:02 pm

  EUR/USD Pressured Amid Softer Inflation Data

  

  The EUR/USD pair has been under pressure in recent weeks, primarily driven by softer inflation data in both the Eurozone and the United States. While the ECB is expected to cut interest rates in September, market expectations for an aggressive pivot by the Federal Reserve have been tempered by lingering …

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