Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2023

• 14 December 2023 9:15 pm

  Could ECB’s Lagarde resists rate cut bets for longer?

  

  In a stark contrast to her US Federal Reserve counterpart, Jerome Powell, the European Central Bank President Christine Lagarde has reiterated that borrowing costs will stay at record highs despite weaker inflation projections. In spite of the fact that price pressures are still high and inflation will shortly recover, ECB …

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• 14 December 2023 8:33 pm

  GBP/USD rallies following BoE rate decision

  

  The GBP/USD pair has touched its highest peak since August. The pair also rides high on momentum, bouncing towards the 1.2730 level after hitting a high at around 1.2755.The pair’s rally was driven by the Bank of England’s hawkish policy stance, which has boosted the Sterling’s value against the US …

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• 14 December 2023 7:43 pm

  Why could Japanese Yen outperform within G10 in 2024?

  

  The Japanese Yen will likely rise significantly in value next year. The BoJ’s action could lead to a significant performance of the Yen. Analysts anticipate that the BoJ will terminate NIRP and YCC at its meeting in January. Although this is partially priced, expectations of additional policy tightening later in …

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• 14 December 2023 5:11 pm

  US Retail Sales rise in November

  

  In November, retail sales in the United States increased by 0.3% on a monthly basis, reaching $705.7 billion, according to data released by the US Census Bureau on Thursday. This figure marked an improvement from the revised 0.2% decline (previously reported as -0.1%) in October and surpassed market expectations, which …

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• 14 December 2023 4:40 pm

  BoE leaves interest rate unchanged

  

  The Bank of England (BoE) announced on Thursday that it has decided to leave the policy rate unchanged at 5.25%, in line with market expectations. Policymakers voted 6-3 in favor of the decision, with three members of the Monetary Policy Committee (MPC) – Megan Greene, Jonathan Haskel, and Catherine Mann …

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• 14 December 2023 4:38 pm

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

  

  The International Energy Agency on Thursday raised its forecast for global oil demand growth next year, despite an expected economic slowdown, citing improving prospects for the United States and declining oil prices. Although the agency, which represents the industrialized countries, raised expectations, there remained a large gap between them and …

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• 14 December 2023 2:19 pm

  Japan’s Nikkei declines following Fed decision

  

  The Japanese Nikkei stock index concluded a three-day winning streak on Thursday, December 14, with declines in auto and bank stocks following the US Federal Reserve’s signal of an end to the monetary policy tightening cycle. The US Federal Reserve’s decision strengthened the yen and led to a significant drop …

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• 14 December 2023 1:40 pm

  European stocks rise supported by the Federal Reserve’s tendency to ease

  

  European stocks jumped on Thursday, supported by gains in real estate sector stocks and a decline in euro zone bond yields, as investors were optimistic about the US Federal Reserve’s hint to reduce borrowing costs in 2024 and awaited the European Central Bank’s decision. The European Stoxx 600 index rose …

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• 14 December 2023 3:02 am

  Market Drivers – US Session, December 13

  

  After the Federal Reserve meeting, the US Dollar experienced a significant collapse. As expected, the central bank decided to keep interest rates unchanged. Market analysts are forecasting three rate cuts for 2024. Fed Chair Jerome Powell leaned dovish, adding fuel to the rally in Treasury bonds. He refrained from declaring …

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• 14 December 2023 2:49 am

  How have key assets reacted to FOMC’s dovish language?

  

  Gold price, eventually, abandoned daily lows and climbed above the $2000 level. The precious metal benefited from sinking Treasury bond yields after FOMC’s statement had signaled dovishness with projected interest rate cuts in the new year. Fed Chair, Jerome Powell, stated that the Fed is committed to achieving its mandates …

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• 14 December 2023 1:05 am

  SEP, Dot Plot suggest rate cuts in 2024

  

  The US central bank announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% following the December meeting. This decision came in line with the market expectation.The revised Summary of Projections (SEP) showed that that Fed officials’ median view of policy rate …

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• 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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