Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 20 September 2024 2:49 pm

  Oil Prices Ease but Set for Second Weekly Gain Amid U.S. Rate Cuts and Lower Stockpiles

  

  Oil prices slipped on Friday, yet they remained poised for a second consecutive weekly gain, buoyed by the Federal Reserve’s significant interest rate cut and shrinking global stockpiles. As of 10:04 GMT, Brent futures had declined by 50 cents (0.67%) to $74.38 a barrel, while U.S. WTI crude futures fell …

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• 20 September 2024 12:17 pm

  European Markets Slip as Investors Digest Central Bank Decisions

  

  European stock markets edged lower on Friday, consolidating the previous session’s sharp gains as investors processed policy updates from several major central banks. At 03:05 ET (07:05 GMT), Germany’s DAX fell by 0.6%, France’s CAC 40 dropped 0.3%, and the U.K.’s FTSE 100 declined 0.5%. Central Banks in Focus After …

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• 20 September 2024 11:13 am

  Bitcoin Rises to Three-Week High as Fed Rate Cut Spurs Risk Appetite

  

  Bitcoin’s price surged to a three-week high on Friday, driven by improved risk appetite following the Federal Reserve’s significant interest rate cut. The world’s largest cryptocurrency gained momentum, rising in tandem with broader risk-driven markets like stocks. Other cryptocurrencies also posted gains, with Bitcoin leading the rally and setting the …

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• 20 September 2024 10:49 am

  UK Retail Sales Surge in August as Warmer Weather Boosts Spending

  

  British retail sales rose by a stronger-than-expected 1% in August, driven by warmer weather and end-of-season sales, according to official data released by the Office for National Statistics (ONS) on Friday. This marks a significant improvement over economists’ expectations of a 0.4% rise, as forecasted by a Reuters poll. The …

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• 20 September 2024 10:18 am

  Gold Prices Rise as Dollar Slips After Fed Rate Cut, Markets Eye Further Reductions

  

  Gold prices edged higher in Asian trading on Friday, supported by a weaker dollar following the Federal Reserve’s aggressive interest rate cut. The move has bolstered optimism for more rate reductions, driving demand for the precious metal as a hedge against currency weakness and economic uncertainty. Gold Reacts to Fed’s …

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• 20 September 2024 3:06 am

  Market Drivers; US Session, September 19

  

  Following the FOMC, the US Dollar Index (DXY) returned to the 100.50 zone while retaining its gloomy outlook. Harker of the Fed isn’t scheduled to talk until the end of the week. As selling pressure on the US dollar increased, the EUR/USD strengthened its gain from Wednesday and returned to …

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• 20 September 2024 2:44 am

  Does Oil Price Try To Defy Market Fundamentals?

  

  WTI futures were trading at $70.98 per barrel. WTI prices are lower by 3.35% so far this year. In the past 24 hours, Brent futures have increased by 1.95% to trade at $74.11/bbl. Brent prices have dropped by 6.26% so far this year. Although prices for West Texas Intermediate have …

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• 20 September 2024 12:15 am

  USD/CAD weakens as investors await BoC’s Macklem speech

  

  The USD/CAD pair is trading down on Friday morning in the Asian session, at 1.3560. The USD is still being hurt by predictions that the Fed may lower rates again this year. The commodity-linked Loonie is supported by rising crude oil prices. During Friday’s early Asian session, the USD/CAD pair …

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• 19 September 2024 11:21 pm

  Explainer: Fed’s Rate Cut Impacts stocks, crypto and other investments

  

  The Federal Reserve has lowered interest rates at its Sept. 17-18 meeting, decreasing the federal funds rate by 50 basis points to 4.75 to 5.0%. This is likely the first of a string of rate cuts that should help buoy the U.S. economy. Interest rates are one of the biggest …

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• 19 September 2024 10:00 pm

  Dow Jones Soars to Fresh Heights

  

  The Dow Jones Industrial Average (DJIA) continued its remarkable ascent, reaching yet another all-time high on Thursday. This surge, driven by the Federal Reserve’s (Fed) recent interest rate cut and robust economic indicators, underscores the prevailing bullish sentiment in the market. The Fed’s decision to lower interest rates by 50 …

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• 19 September 2024 8:36 pm

  Fed’s Aggressive Rate Cut Boost EUR/USD Amidst ECB Uncertainty

  

  The EUR/USD currency pair experienced a volatile trading session on Thursday, with the euro initially gaining ground against the US dollar before surrendering much of its intraday gains. The market’s reaction was primarily driven by the Federal Reserve’s (Fed) aggressive interest rate cut and diverging expectations regarding the European Central …

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• 19 September 2024 7:52 pm

  Pound Sterling Surges Following BoE’s Rate Decision

  

  The Bank of England (BoE) has maintained interest rates at 5% following a split decision within its Monetary Policy Committee (MPC). Despite inflationary pressures easing, the MPC opted to hold rates steady, signaling a cautious approach to monetary policy.The decision has had a significant impact on the pound sterling, which …

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• 19 September 2024 3:03 pm

  German Economy Faces Potential Contraction Amid Industrial Weakness, Consumer Caution: Bundesbank Report

  

  The German economy could shrink again in the third quarter of 2024, as it continues to grapple with an industrial recession, weak investment, and cautious consumer spending, according to a monthly economic report from the Bundesbank released on Thursday. Germany, the largest economy in the eurozone, has already experienced negative …

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