Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2023

• 14 December 2023 12:39 am

  Jerome Powell sheds light on FOMC’s pause decision

  

  Fed Chair Jerome Powell explained the decision to keep the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responded to questions in the post-meeting press conference.Quotes from Post FOMC meeting press conference“It’s not likely we will hike further.”“Policymakers are thinking, talking about when it will be …

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• 13 December 2023 11:20 pm

  Fed signals 3 interest rate cuts in 2024

  

  The Fed has held its key interest rate unchanged for the third consecutive time and set the stage for multiple cuts to come in 2024 and beyond. With inflation rates easing and the economy holding in, FOMC members voted unanimously to keep the benchmark overnight borrowing rate in a targeted …

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• 13 December 2023 10:58 pm

  Fed Pauses Rate For Third Time In A Row As Expected

  

  The US central bank decided to keep interest rates unchanged following FOMC meeting that concluded a few minutes ago. Inflation has moderated substantially, and central bank officials have signaled that they may be done raising borrowing costs. A fresh set of forecasts will provide hints about when rate cuts may …

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• 13 December 2023 10:53 pm

  All Eyes Shift to Dot Plot before Fresh Interest-Rate Pause

  

  For the third meeting in a row, the US central bank is anticipated to hold interest rates steady. Decisions are taken meeting by meeting, and officials maintain that data is the primary source of information.After raising rates to their highest point in more than 20 years in less than a …

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• 13 December 2023 10:06 pm

  US Stocks edge up on easing inflation ahead of FOMC decision

  

  Wall Street’s main indexes gained on Wednesday after new data indicated inflation pressures were easing, ahead of the Federal Reserve’s final monetary policy decision of the year, where it is widely expected to leave interest rates unchanged.The Labour Department’s report showed the Producer Price Index (PPI) for final demand rose …

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• 13 December 2023 9:33 pm

  Canadian dollar gains some support from crude oil rally

  

  The Canadian dollar is moderately gaining support from a crude oil rally. Markets are still tepid this week, with CAD traders waiting until Bank of Canada Governor Tiff Macklem’s appearance late Friday before finding tradeable headlines. Markets are eagerly waiting the Federal Open Market Committee meeting to deliver their updated …

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• 13 December 2023 8:43 pm

  Gold slightly higher as all eyes focus on looming FOMC decision

  

  Gold prices are up a bit after hitting a three-week low overnight, while silver is slightly down after scoring a four-week low overnight. The marketplace is quieter just ahead of some important US economic data coming out today. February gold was last up $3.20 at $1,996.40. Gold is trading at …

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• 13 December 2023 7:47 pm

  US dollar steadies ahead of FOMC decision, Powell’s remarks

  

  The US dollar is expected to remain steady against major G20 currencies ahead of the US Federal Reserve meeting, with traders anticipating a firm pushback on rate cuts from the Fed. The official rate announcement and initial guidance will be released at 19:00 GMT, followed by a press conference with …

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• 13 December 2023 6:32 pm

  ECB: Shift Towards a More Dovish Stance Amidst Downward Inflation Trends

  

  It indeed seems to be a busy week for central banks, with several major ones scheduled to report on their monetary policy decisions. The Federal Reserve (Fed) is set to lead the way with its two-day meeting starting on Wednesday, followed by the European Central Bank (ECB), Bank of England …

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• 13 December 2023 5:07 pm

  OPEC: “exaggerated” concerns about oil demand are the reason for the decline in prices

  

  On Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) expressed cautious optimism regarding the fundamental factors influencing the oil market in 2024. OPEC attributed the recent decline in oil prices to “exaggerated concerns” about demand. Despite the recent drop in prices, OPEC maintained its relatively high forecast for oil …

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• 13 December 2023 2:42 pm

  Limited movements for European stocks ahead of The Fed decision

  

  On Wednesday, European stocks navigated within a narrow range as investors exercised caution in making riskier bets ahead of the Federal Reserve’s decision on interest rates and the future trajectory of monetary policy. The European STOXX 600 index recorded a slight increase of 0.1 percent by 0810 GMT. This modest …

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• 13 December 2023 1:08 pm

  Gold loses its luster with the rise of USD

  

  Gold prices fell on Wednesday to the lowest level in more than three weeks as the dollar rose ahead of a Federal Reserve decision on interest rates and monetary policy indicators later on Wednesday. Gold fell in spot transactions 0.2 percent to $1,975.07 per ounce by 0711 GMT. US gold …

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• 13 December 2023 12:27 pm

  Japan’s Nikkei closed higher, supported by chip-related stocks

  

  On Wednesday, Japan’s Nikkei average experienced its third consecutive session of gains, buoyed by the positive performance of chip-related companies like Advantest, following the upward movement on Wall Street the previous night. The Nikkei index increased by 0.25 percent, closing at 32,926.35 points, while the broader Topix index rose by …

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