Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2024

• 12 June 2024 10:06 pm

  Fed leaves policy rate unchanged at 5.25%-5.5% as expected

  

  The US Federal Reserve (Fed) announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% following the June policy meeting. This decision came in line with the market expectation. Fed will release the revised Summary of Economic Projections (SEP), the so-called dot …

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• 12 June 2024 8:07 pm

  Fed cools Gold, stocks, buoys US Dollar

  

  The Federal Reserve is split on the path for rates, and this uncertainty cools the enthusiasm after the soft CPI which triggered a big rally. Interest rates have a critical role in moving financial markets, and the US Federal Reserve (Fed) is the most influential central bank. The Fed announces …

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• 12 June 2024 7:01 pm

  Gold Prices Surge Following CPI Data

  

  Gold surged after the release of US CPI data, which showed price rises slowing in May. This suggests that the Federal Reserve may cut interest rates sooner than expected, lowering the opportunity cost of holding Gold. Gold could experience more volatility after the Fed policy decision is announced on Wednesday. …

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• 12 June 2024 3:13 pm

  U.S. Stock Futures Rise Ahead of Fed Meeting and CPI Data

  

  Tech Stocks Lead Gains, Fed Decision and Inflation Data in Focus U.S. stock index futures edged higher on Wednesday, maintaining positive momentum ahead of the Federal Reserve’s policy meeting and the release of crucial inflation data. The S&P 500 and Nasdaq Composite reached record highs on Tuesday, driven primarily by …

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• 12 June 2024 12:28 pm

  European Stocks Rise Amid Economic Data Release and Fed Meeting Anticipation

  

  European stock markets experienced gains on Wednesday as investors digested regional growth and inflation data ahead of the conclusion of the Federal Reserve’s latest policy meeting. Key Market Movements: DAX (Germany): +0.4%CAC 40 (France): +0.4%FTSE 100 (U.K.): +0.6% Economic Data: German consumer prices rose 2.8% year-on-year in May, up from …

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• 12 June 2024 12:26 pm

  Dollar Stabilizes Ahead of Key Inflation Data and Fed Meeting

  

  Markets Await U.S. CPI and Fed’s Economic Projections The U.S. dollar held steady on Wednesday following a recent surge to a four-week high. Market participants are eagerly awaiting the release of U.S. inflation data and the Federal Reserve’s updated economic projections, both expected later in the day. The data and …

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• 12 June 2024 9:28 am

  Gold Prices Steady Near Key Support Ahead of Fed Meeting and CPI Data

  

  Gold prices held steady in Asian trade on Wednesday, hovering around the crucial $2,300 support level as traders awaited further clarity on U.S. monetary policy from the Federal Reserve’s meeting and upcoming inflation data. Recent Decline and Support Level: The yellow metal has experienced a sharp decline in recent sessions …

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• 12 June 2024 5:08 am

  FOMC Decision Preview: Interest Rate Cut Still Uncertain

  

  Amid uncertainty surrounding interest rate cut forecast for the remainder of this year, the Fed meets for two days to discuss monetary policy. When this meeting ends on Wednesday, June 12, traders, analysts, and investors look forward to the decisions made there in hope of learning additional signals on the …

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• 12 June 2024 12:26 am

  Australian dollar neutrally trades on mixed data

  

  As sellers gain strength, the AUD/USD pair navigates through uneven trading. This week’s US inflation data and Fed dot plot are the main topics of interest. Mixed NAB business survey results are released by Australia. The AUD/USD pair’s performance was uneven, with some bearish pressure and a sticky range around …

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• 11 June 2024 11:37 pm

  Euro weakens against the USD ahead of Fed’s rate decision

  

  The European parliamentary elections still disrupt market confidence. US consumer price index (CPI) inflation data and the Federal Reserve’s rate announcement are scheduled for Wednesday. The Fed’s updated “dot plot,” summarizing future interest rate expectations, is highly anticipated.EUR/USD suffered its third straight loss on Tuesday as market sentiment soured due …

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• 11 June 2024 10:43 pm

  Gold price hold steady ahead of key CPI data, FOMC decision

  

  Positive sentiment prevails in the US economy, as evidenced by the May NFIB Small Business Optimism Index exceeding expectations. Upcoming data, including the Consumer Price Index (CPI) and the Federal Open Market Committee’s (FOMC) monetary policy decision with its “dot plot,” are likely to influence gold prices as inflation concerns …

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• 11 June 2024 9:37 pm

  Will June’s CPI Reading Influence US Monetary Policy?

  

  The US CPI report for June 2024 is expected to be released at 8:30am ET on Wednesday, June 12, 2024. Traders and economists expect the report to hold steady at 3.4% y/y on a headline basis, with the “Core” reading expected to fall to 3.5% y/y. The Federal Reserve’s aspirations …

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• 11 June 2024 8:16 pm

  US dollar rallies as political news impacts key rival

  

  The US Dollar Index is trading at 105.342 at the time of writing. So far on Tuesday, the dollar has consolidated Monday’s gains on the back of negative political news from Europe, with the dollar jumping after rumors saying that President of France Emanuel Macron is considering resignation. The US …

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