Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2024

• 1 August 2024 2:45 am

  Market Drivers; US Session, July 31

  

  BoJ Surprise, Fed Signal: The unexpected rate hike by the Bank of Japan (BoJ) surprised the foreign exchange (FX) world on Wednesday. The Fed left its policy rate unchanged but signaled a potential rate cut in September.Upcoming Events:Bank of England (BoE) decision: Odds are split regarding a probable rate reduction. …

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• 1 August 2024 1:42 am

  US Treasury yields decline as Powell stresses on labour

  

  After the Fed maintained current interest rates, US Treasury yields declined; the 10-year note drops to 4.04%. Fed Chair Jerome Powell highlights the significance of the labour market, noting that the July Nonfarm Payrolls report will be crucial in determining future interest rates.By year’s end, market players factor in three …

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• 1 August 2024 12:04 am

  S&P 500 Rallies as Fed Hints at Rate Cut

  

  Wall Street surged on Wednesday, propelled by the S&P 500’s largest single-day gain since February. The optimism was ignited by the Federal Reserve’s decision to hold interest rates steady while signaling a potential rate cut as soon as September. Fed Chair Jerome Powell indicated that progress in taming inflation and …

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July, 2024

• 31 July 2024 11:34 pm

  USD/JPY Declines as Fed Signals September Rate Cut

  

  On Wednesday, the USD/JPY pair declined by 1.5% following the Bank of Japan’s surprise quarter-point rate hike—the second such hike since 2007. Japanese interest rates are now above zero for the first time since September 2010.Meanwhile, the Federal Reserve (Fed) maintained rates during its July meeting, as expected. Fed Chairman …

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• 31 July 2024 10:54 pm

  Powell Speech: Upside Risks to Inflation Have Decreased

  

  Federal Reserve Chairman Jerome Powell recently explained the decision to leave the policy rate (federal funds rate) unchanged in the range of 5.25% to 5.5%. During the post-meeting press conference, Powell addressed questions and provided insights.Interest Rates and Inflation:• The Fed maintained interest rates at a two-decade high.• The central …

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• 31 July 2024 10:00 pm

  FOMC keeps interest rate unchanged in July

  

  The US Federal Reserve (Fed) announced on Wednesday that it left the policy rate, the federal funds rate, unchanged at the range of 5.25%-5.5% following the July policy meeting. This decision came in line with the market expectation. Federal Reserve officials were widely expected to leave their key interest rate unchanged …

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• 31 July 2024 9:48 pm

  EUR/USD recovers from daily lows on softer DXY ahead of FOMC decision

  

  In addition to giving up previous gains, the EUR/USD pair was trading lower at 1.0805 during Wednesday’s second half of the day. With a -0.18% decline and a current value of 104.263, the DXY Index is in negative territory. DXY is impacted by disappointing US private sector job data, which …

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• 31 July 2024 9:09 pm

  Conspiracy talk: Is Treasury Department Manipulating Markets, US Economy?

  

  A white paper is accusing the Treasury Department of overreliance on bills has sparked debate on Wall Street and in Washington. The paper claims that the Treasury Department’s decision to continue financing an outsize chunk of US debt with short-term Treasury bills is tantamount to deliberate manipulation of the economy.The …

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• 31 July 2024 7:50 pm

  Explainer: Key Contour Lines Around FOMC’s Looming Decision

  

  The US Federal Reserve is poised to conclude its policy meeting on July Thirty First, with Chair Jerome Powell expected to discuss the central bank’s rate latest decision. This meeting is seen by most analysts as a warm-up act for September, as many Wall Street analysts are hoping for insights …

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• 31 July 2024 6:51 pm

  GBP/USD Stays stable at 1.2840 ahead of the FOMC decision

  

  The GBP/USD pair consolidates between 1.2800 and 1.2890 amid uncertain Fed and BoE decisions. RSI remains flat, indicating a balanced market with no clear trend. Key support levels are at 1.2778 and 1.2750, with resistance at 1.2888 and 1.2900.The Pound Sterling registers minuscule gains during the North American session as …

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• 31 July 2024 12:38 pm

  Yen rises sharply after BOJ decision

  

  The yen experienced volatility on Wednesday following the Bank of Japan’s (BOJ) announcement to raise interest rates and outline a comprehensive bond tapering plan. Initially, the yen surged 0.8% to a three-month high of 151.58 per dollar immediately after the BOJ’s decision, only to reverse those gains minutes later as …

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• 31 July 2024 11:10 am

  Bank of Japan Increases Interest Rates and Announces Bond Tapering Strategy

  

  In a surprising move, the Bank of Japan (BOJ) raised interest rates on Wednesday and introduced a comprehensive quantitative tightening (QT) plan, signaling a significant shift away from a decade of aggressive monetary stimulus. This decision marks a departure from market expectations, which had largely anticipated that the BOJ would …

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• 31 July 2024 10:51 am

  Oil prices surge over 1% on middle east tensions

  

  Oil prices surged in Asian trade on Wednesday following reports of a significant escalation in Middle East tensions. The uptick was driven by news of the reported death of Hamas leader Ismail Haniyeh in an Israeli airstrike in Tehran, Iran’s capital. This development has raised concerns about a potential spike …

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