Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 11 October 2024 10:40 am

  U.S. Dollar Dips Amid Mixed Economic Signals, But Stays on Track for Weekly Gains

  

  The U.S. dollar retreated from its recent two-month highs against major currencies on Friday, as signs of weakness in the labor market increased the likelihood of quicker Federal Reserve rate cuts. Despite this dip, the dollar is set to post its second consecutive weekly gain, bolstered by strong payroll figures …

  Read More »
• 11 October 2024 1:30 am

  American Session’s Market Drivers: US Inflation Remains in Focus

  

  The US Dollar continued its upward trajectory, driven by sticky inflation data and hawkish comments from Federal Reserve officials. Investors are closely watching upcoming inflation metrics, including Producer Prices and Consumer Sentiment, for clues about the Fed’s future monetary policy.Key Points:US Dollar Strength: The US Dollar Index (DXY) reached new …

  Read More »
• 11 October 2024 1:23 am

  XAU/USD Surges Amid Mixed US Economic Data, Fed Officials’ Comments 

  

  Gold prices experienced a significant uptick on Thursday, October 10th, following the release of mixed economic data from the United States and comments from Federal Reserve officials. While a slight increase in inflation provided a temporary boost, the overall trend was influenced by the anticipation of potential interest rate cuts …

  Read More »
• 11 October 2024 12:54 am

  Oil Markets Roiled amid Geopolitical Tensions, Hurricane Devastation

  

  Oil prices have been on a wild ride in recent weeks, driven by a perfect storm of geopolitical tensions and natural disasters. The escalating conflict between Israel and Iran, coupled with the devastating impact of Hurricane Milton on U.S. fuel supplies, has sent crude oil prices soaring. The Middle East, …

  Read More »
• 11 October 2024 12:16 am

  Fed Officials Signal Continued Rate Cuts, But Caution Remains

  

  Federal Reserve policymakers have indicated that a series of interest rate cuts is likely in the coming months, citing the ongoing decline in inflation and a resilient job market. However, several officials have also expressed caution, suggesting that the pace of these cuts may need to be adjusted based on …

  Read More »
• 10 October 2024 10:29 pm

  EUR/USD retreats near two-month lows following CPI data

  

  The EUR/USD pair hit a fresh two-month low near 1.0900 on Thursday, following the release of the U.S. Consumer Price Index (CPI) report. The data showed that inflation rose faster than expected, leading to a weaker Euro.While the core CPI accelerated to 3.3%, the headline CPI rose to 2.4%. Despite …

  Read More »
• 10 October 2024 8:47 pm

  Dow Jones declines following hot CPI reading

  

  The Dow Jones Industrial Average (DJIA) experienced a volatile session on Thursday, following the release of mixed economic data. The US Consumer Price Index (CPI) and Initial Jobless Claims reports presented a conflicting picture of the economy, leaving investors uncertain about the Federal Reserve’s (Fed) future monetary policy path.Inflationary Pressures …

  Read More »
• 10 October 2024 7:39 pm

  Explainer: Inflation Data Sparks Debate on Fed Rate Path

  

  The Federal Reserve, tasked with maintaining price stability and promoting economic growth, faces a delicate balancing act in its monetary policy decisions. The recent release of inflation data has once again highlighted the complexities of this task.Inflation, the sustained increase in the general price level of goods and services over …

  Read More »
• 10 October 2024 4:54 pm

  U.S. Stock Futures Fall as Inflation Data Exceeds Expectations, Signaling Fewer Rate Cuts

  

  Stock index futures extended their decline on Thursday after U.S. inflation data for September came in higher than anticipated, raising concerns that the Federal Reserve may implement fewer interest rate cuts later this year. A report from the Labor Department revealed that the Consumer Price Index (CPI) rose 2.4% annually …

  Read More »
• 10 October 2024 4:45 pm

  US Headline Inflation Slows in September but Remains Above Expectations, Posing Challenge for Fed

  

  Inflation in the U.S. eased on an annual basis in September, though it still surpassed economists’ forecasts, potentially complicating the Federal Reserve’s decision on future interest rate cuts. The Consumer Price Index (CPI), a key measure of headline inflation, slowed to 2.4% year-over-year, down from 2.5% in August, but higher …

  Read More »
• 10 October 2024 3:35 pm

  Oil Prices Climb Over 1% as Storm Hits Florida and Middle East Tensions Loom

  

  Oil prices rose by more than 1% on Thursday, driven by heightened fuel demand as Hurricane Milton struck Florida, and concerns over potential supply disruptions in the Middle East. Brent crude futures increased by $1.01, or 1.3%, to $77.59 per barrel by 11:08 GMT, while U.S. West Texas Intermediate (WTI) …

  Read More »
• 10 October 2024 1:41 pm

  European Stocks Slip as Tech, Mining Lead Declines Amid U.S. Inflation Focus

  

  European shares edged lower on Thursday, led by losses in technology and mining stocks, as investors awaited crucial U.S. inflation data for insights on the Federal Reserve’s next steps regarding interest rates. The pan-European STOXX 600 fell 0.2%, with the most significant declines seen in tech, mining, and travel and …

  Read More »
• 10 October 2024 12:19 pm

  Gold Prices Steady as Dollar Strength Persists, CPI Data in Focus

  

  Gold prices remained relatively unchanged in Asian trade on Thursday, with investors focusing on upcoming U.S. inflation data to gauge the future path of Federal Reserve interest rate cuts. A stronger U.S. dollar continued to apply pressure on gold, which has dropped from record highs due to the expectation of …

  Read More »