Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 13 September 2024 2:42 am

  Market Drivers; US Session, September 12

  

  FOMC Meeting: A Dovish Pivot or Hawkish Hold? The Federal Open Market Committee (FOMC) meeting next week looms large for investors and markets worldwide. Recent economic data has sparked a debate: will the Fed take a dovish turn and cut rates, or will it maintain its hawkish stance on inflation?Softening …

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• 13 September 2024 1:37 am

  Adobe’s Q3: A Tale of Two Halves

  

  Adobe (Nasdaq: ADBE) delivered a mixed bag of results in its third fiscal quarter of 2024. While the company reported strong top-line growth and record-breaking revenue, a cautious outlook for the fourth quarter sent its stock tumbling. A Strong Quarter, but a Cautious Outlook The software giant’s Q3 revenue surged …

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• 13 September 2024 12:43 am

  Canadian Dollar Stalls Amid Rate Cut Expectations

  

  The Canadian Dollar remained relatively unchanged on Thursday, continuing its recent sideways trend. Domestic economic indicators, including a rise in Canadian Building Permits, were overshadowed by the anticipation of a Federal Reserve interest rate cut.The U.S. Producer Price Index (PPI) data, while mixed, did not significantly alter market expectations for …

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• 12 September 2024 11:35 pm

  Accelerating Fed Rate Cut Optimism Boosts Gold To Fresh Record Highs

  

  On Thursday, the price of gold hit yet another record high as investors became increasingly optimistic about the future decline in global interest rates. With the second rate cut in three months by the European Central Bank (ECB), the spot price of gold soared to $2,567 per troy ounce, up …

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• 12 September 2024 10:25 pm

  US Dollar Declines Amid Softening Labour Market and Inflation

  

  The US Dollar has experienced a downward trend in recent sessions, primarily driven by weaker-than-expected labour market and inflation data. This decline reflects a shift in market sentiment as investors reassess the Federal Reserve’s monetary policy stance and the overall health of the US economy.Softening Labour MarketThe latest labour market …

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• 12 September 2024 9:41 pm

  Dow Jones Rallies Amid Softer Inflation Data

  

  The Dow Jones Industrial Average (DJIA) closed higher on Thursday, following a late-day surge. This rally was primarily driven by a softer-than-expected US Producer Price Index (PPI) report, which eased concerns about inflationary pressures and reinforced expectations for an imminent interest rate cut by the Fed. PPI Inflation Moderates: The …

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• 12 September 2024 8:07 pm

  EUR/GBP Price Analysis: A Precarious Balance

  

  The EUR/GBP exchange rate has been caught in a state of flux, with bearish sentiment tempered by recent signs of stabilization. While the overall technical outlook remains tilted to the downside, there is evidence that the selling pressure may be easing.The Relative Strength Index (RSI) has crept above the oversold …

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• 12 September 2024 4:19 pm

  ECB Cuts Key Interest Rates Amid Slowing Economic Outlook

  

  The European Central Bank (ECB) announced significant rate cuts on Thursday in response to mounting concerns over economic slowdown in the Eurozone. The ECB lowered its key interest rates across the board, signaling a shift towards more accommodative monetary policy. The interest rate on the marginal lending facility was reduced …

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• 12 September 2024 2:50 pm

  Oil Prices Climb Nearly 2% Amid Hurricane Disruptions, But Demand Concerns Linger

  

  Oil prices surged nearly 2% on Thursday, extending gains from the previous session, as concerns over Hurricane Francine’s impact on U.S. oil production lifted the market. However, a pessimistic outlook on global demand, particularly from China, tempered further price increases. Brent crude futures for November delivery rose by $1.24, or …

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• 12 September 2024 12:35 pm

  European Shares Rally Ahead of ECB Rate Decision, Tech Stocks Lead Gains

  

  European shares rose 1% on Thursday, buoyed by a strong performance in technology stocks, as investors awaited the European Central Bank’s (ECB) highly anticipated policy decision later in the day. A 25-basis-point rate cut is widely expected, with markets looking for further guidance on potential additional cuts later this year. …

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• 12 September 2024 12:05 pm

  Dollar Nears Four-Week High as U.S. Inflation Data Dampen Hopes for Large Fed Rate Cut

  

  The U.S. dollar traded near a four-week high against the euro on Thursday, bolstered by signs of persistent inflation in the U.S., which dampened expectations of a larger-than-expected interest rate cut by the Federal Reserve next week. Traders have scaled back their bets on a 50-basis point (bp) cut, now …

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• 12 September 2024 11:04 am

  Bitcoin Rises Following Tech Rally, But Remains Volatile Amid U.S. Election and Inflation Concerns

  

  Bitcoin’s price saw an uptick on Thursday, climbing 2.8% to $58,115.9 by 01:16 ET (05:16 GMT), tracking gains in broader risk-driven markets, especially tech stocks. Despite this recovery, the cryptocurrency remains fragile after suffering significant losses the previous week. Strength in the U.S. dollar, driven by a stronger-than-expected consumer price …

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• 12 September 2024 10:45 am

  Gold Prices Near Record Highs as Traders Bet on Lower Rates, Platinum and Silver Gain

  

  Gold prices edged higher in Asian trade on Thursday, hovering near record highs as traders speculated that the yellow metal will continue to benefit from a lower interest rate environment. However, expectations of a significant interest rate cut by the Federal Reserve were dampened by a higher-than-expected core consumer price …

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