Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 26 September 2024 2:37 am

  Market Drivers, US Session, September 25

  

  Market Focus Shifts to Powell’s Speech and Key Economic Data The US Dollar Index (DXY) experienced a sharp increase, rebounding from recent lows. This rebound was fueled by a combination of factors, including expectations for a stronger US economy and potential adjustments to monetary policy.The US dollar staged a significant …

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• 26 September 2024 2:08 am

  Swiss Franc Under Pressure Ahead of SNB Policy Meeting

  

  The Swiss Franc (CHF) is facing downward pressure as investors anticipate a potential interest rate cut by the Swiss National Bank (SNB) at its upcoming policy meeting. The USD/CHF pair has risen, reflecting market expectations for a more accommodative monetary stance from the SNB.SNB Rate Cut ExpectationsMarket participants are pricing …

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• 26 September 2024 12:53 am

  Gold Price Stabilizes Amidst Rising US Treasury Yields

  

  Gold prices have shown resilience despite rising US Treasury yields, maintaining a steady position above $2,650. The market’s increased expectation of further interest rate cuts by the Federal Reserve (Fed) has provided support to the precious metal. However, the strengthening US dollar and elevated Treasury yields have limited gold’s upside.Factors …

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• 25 September 2024 11:46 pm

  Despite gains, bets on Fed could limit US Dollar’s uptrend

  

  The market is still overestimating Fed easing even while the Fed is defying dovish expectations. S&P Global preliminary September PMIs came in above forecasts, indicating that the economy is still doing well. Fed representatives will make an effort to temper their dovish remarks. Amidst growing concerns of a recession, the …

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• 25 September 2024 9:43 pm

  USD/JPY Experiences Emerging Bullish Trend

  

  The USD/JPY currency pair has experienced a significant uptick, driven primarily by a surge in U.S. Treasury yields. While the pair’s overall trend remains bearish, recent technical indicators suggest a potential short-term reversal. Despite the recent rally, the USD/JPY pair continues to trade below the Ichimoku Cloud and the 200-day …

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• 25 September 2024 8:13 pm

  Will Looming Economic Data Affect Fed’s Decisions on Interest Rates?

  

  Earlier this week, Federal Reserve officials said that the US economy remains strong, but that they will be monitoring upcoming data for warning signs. Officials said they need to keep close tabs on job market data and ensure inflation doesn’t reignite. The Federal Reserve’s recent aggressive interest rate cuts, aimed …

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• 25 September 2024 7:09 pm

  Euro Retreats Against US Dollar as Fed Cuts Interest Rates

  

  EUR/USD retreats below 1.1200, trading at 1.1131 at the time of writing, as the Euro responds to deepening worries over Eurozone economic growth. Earlier on Tuesday, the Euro has strengthened against the US Dollar as investors anticipate further interest rate cuts by the Federal Reserve (Fed). This trend is fueled …

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• 25 September 2024 2:36 pm

  U.S. Stock Index Futures Edge Lower as Investors Eye Federal Reserve Updates

  

  U.S. stock index futures saw a slight decline on Wednesday, as investors took a pause after recent record highs and shifted their focus toward upcoming signals from the Federal Reserve on interest rate movements. As of 05:50 ET (09:50 GMT), Dow Jones Futures fell by 25 points, or 0.1%, while …

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• 25 September 2024 12:07 pm

  European Shares Dip as China’s Stimulus Rally Fades; Tech and Oil Stocks Weigh

  

  European shares opened lower on Wednesday as the rally fueled by China’s recent stimulus package lost momentum. A pullback in technology and oil stocks added to the losses, reflecting the cautious mood among investors. The pan-European STOXX 600 index dropped by 0.3% to 518.06 by 0712 GMT, reversing some of …

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• 25 September 2024 11:23 am

  Oil Prices Slip Amid Concerns Over China’s Stimulus Impact and Broader Economic Worries

  

  Oil prices dipped on Wednesday as investors reassessed the potential impact of China’s recent stimulus measures on its economy and questioned whether these steps would be sufficient to drive significant fuel demand growth in the world’s largest crude importer. By 0415 GMT, Brent crude futures fell by 17 cents, or …

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• 25 September 2024 10:11 am

  Bitcoin Nears Key Breakout as Global Monetary Easing Boosts Risk Appetite

  

  Bitcoin’s price surged on Wednesday, driven by a wave of global monetary easing that funneled more investments into risk-driven assets. The world’s largest cryptocurrency is now eyeing a major breakout, supported by recent stimulus measures from China and expectations of interest rate cuts from both the Swiss and Swedish central …

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• 25 September 2024 9:30 am

  Asian Stocks Rise as Chinese Stimulus Sparks Optimism

  

  Most Asian stock markets experienced gains on Wednesday, buoyed by a series of new stimulus measures unveiled by Beijing aimed at bolstering economic growth. The positive momentum from Wall Street, where technology stocks drove the S&P 500 and the Dow Jones Industrial Average to record highs, also contributed to the …

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• 25 September 2024 12:58 am

  Market Drivers; US Session, September 24, 2024

  

  The global financial markets experienced a significant surge on Tuesday, buoyed by China’s aggressive stimulus measures and continued interest rate cuts by the Federal Reserve. The S&P 500 and Dow Jones Industrial Average both reached new all-time highs, while Chinese stocks soared in response to the economic stimulus.Key Drivers of …

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