Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 12 September 2024 9:41 pm

  Dow Jones Rallies Amid Softer Inflation Data

  

  The Dow Jones Industrial Average (DJIA) closed higher on Thursday, following a late-day surge. This rally was primarily driven by a softer-than-expected US Producer Price Index (PPI) report, which eased concerns about inflationary pressures and reinforced expectations for an imminent interest rate cut by the Fed. PPI Inflation Moderates: The …

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• 12 September 2024 8:07 pm

  EUR/GBP Price Analysis: A Precarious Balance

  

  The EUR/GBP exchange rate has been caught in a state of flux, with bearish sentiment tempered by recent signs of stabilization. While the overall technical outlook remains tilted to the downside, there is evidence that the selling pressure may be easing.The Relative Strength Index (RSI) has crept above the oversold …

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• 12 September 2024 4:19 pm

  ECB Cuts Key Interest Rates Amid Slowing Economic Outlook

  

  The European Central Bank (ECB) announced significant rate cuts on Thursday in response to mounting concerns over economic slowdown in the Eurozone. The ECB lowered its key interest rates across the board, signaling a shift towards more accommodative monetary policy. The interest rate on the marginal lending facility was reduced …

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• 12 September 2024 2:50 pm

  Oil Prices Climb Nearly 2% Amid Hurricane Disruptions, But Demand Concerns Linger

  

  Oil prices surged nearly 2% on Thursday, extending gains from the previous session, as concerns over Hurricane Francine’s impact on U.S. oil production lifted the market. However, a pessimistic outlook on global demand, particularly from China, tempered further price increases. Brent crude futures for November delivery rose by $1.24, or …

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• 12 September 2024 12:35 pm

  European Shares Rally Ahead of ECB Rate Decision, Tech Stocks Lead Gains

  

  European shares rose 1% on Thursday, buoyed by a strong performance in technology stocks, as investors awaited the European Central Bank’s (ECB) highly anticipated policy decision later in the day. A 25-basis-point rate cut is widely expected, with markets looking for further guidance on potential additional cuts later this year. …

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• 12 September 2024 12:05 pm

  Dollar Nears Four-Week High as U.S. Inflation Data Dampen Hopes for Large Fed Rate Cut

  

  The U.S. dollar traded near a four-week high against the euro on Thursday, bolstered by signs of persistent inflation in the U.S., which dampened expectations of a larger-than-expected interest rate cut by the Federal Reserve next week. Traders have scaled back their bets on a 50-basis point (bp) cut, now …

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• 12 September 2024 11:04 am

  Bitcoin Rises Following Tech Rally, But Remains Volatile Amid U.S. Election and Inflation Concerns

  

  Bitcoin’s price saw an uptick on Thursday, climbing 2.8% to $58,115.9 by 01:16 ET (05:16 GMT), tracking gains in broader risk-driven markets, especially tech stocks. Despite this recovery, the cryptocurrency remains fragile after suffering significant losses the previous week. Strength in the U.S. dollar, driven by a stronger-than-expected consumer price …

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• 12 September 2024 10:45 am

  Gold Prices Near Record Highs as Traders Bet on Lower Rates, Platinum and Silver Gain

  

  Gold prices edged higher in Asian trade on Thursday, hovering near record highs as traders speculated that the yellow metal will continue to benefit from a lower interest rate environment. However, expectations of a significant interest rate cut by the Federal Reserve were dampened by a higher-than-expected core consumer price …

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• 12 September 2024 9:41 am

  Asian Stocks Rise as Tech Shares Rally on Nvidia Boost, Japan Outperforms on Soft Inflation

  

  Most Asian stocks advanced on Thursday, led by technology shares tracking an overnight surge in Nvidia, while Japanese markets outperformed following a softer-than-expected producer inflation report, which eased concerns over potential interest rate hikes by the Bank of Japan (BOJ). Tech Shares Lead Gains After Nvidia AI Optimism Regional technology …

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• 12 September 2024 8:02 am

  EUR/GBP Price Analysis: A Precarious Balance

  

  The EUR/GBP exchange rate has been caught in a state of flux, with bearish sentiment tempered by recent signs of stabilization. While the overall technical outlook remains tilted to the downside, there is evidence that the selling pressure may be easing.The Relative Strength Index (RSI) has crept above the oversold …

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• 12 September 2024 1:57 am

  XAU/USD Retreats Following US Inflation Data

  

  Gold prices experienced a decline following the release of US Consumer Price Index (CPI) data. This unexpected move suggests that investors are now less confident in the Federal Reserve (Fed) cutting interest rates by 50 basis points (bps) at its upcoming meeting. Instead, the market is increasingly anticipating a more …

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• 12 September 2024 1:24 am

  Market Drivers; US Session, September 11

  

  The release of the August Consumer Price Index (CPI) in the United States sent a ripple effect through global financial markets. While the headline inflation rate eased slightly, the core CPI, which excludes volatile food and energy prices, remained sticky. This reading has tempered expectations for a bolder ‘50 basis …

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• 11 September 2024 11:50 pm

  Mixed Inflation Data Maintains US Dollar Index Unchanged

  

  The US Dollar Index (DXY) remained relatively stable following the release of mixed inflation data for August. While the overall inflation rate declined to 2.5%, core CPI remained steady at 3.2%, indicating persistent inflationary pressures. This data has dampened expectations of a 50-basis-point interest rate cut by the Federal Reserve …

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