Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 24 September 2024 2:44 am

  Market Drivers; US Session, September 23

  

  The US Dollar, once a stalwart symbol of global economic stability, has found itself in a state of flux following the Federal Reserve’s recent decision to cut interest rates. This strategic move, aimed at stimulating economic growth, has had far-reaching implications for the currency’s value and its role in the …

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• 24 September 2024 1:06 am

  Intel’s Stock Surge: Further Hope Amid Economic Uncertainty

  

  Intel’s recent stock surge, fueled by potential investments from Apollo Global Management and Qualcomm, has sent ripples of optimism through the technology sector. As the global economy navigates a complex landscape of economic uncertainties, Intel’s resurgence offers a glimmer of hope for investors and industry observers alike.Investors should closely monitor …

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• 24 September 2024 12:02 am

  US Dollar steadies as investors digest S&P Global PMIs

  

  Despite poorer PMI data, the US currency held constant and even increased on Monday. The market pricing in 75 basis points of Fed easing by year-end. The Federal Reserve’s Goolsbee pledged that “many cuts” will be necessary in 2019. There are signs that the US economy is growing, even if …

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• 23 September 2024 11:17 pm

  US Treasury yields firm on Fed’s signals about gradual easing ahead

  

  US Treasury yields are stable despite growing anticipation for the Fed to drop rates again after a 50 basis point decrease last week. Both Atlanta’s Bostic and Minneapolis Fed President Kashkari favor modest rate reductions; Kashkari projects that rates will reach 4.4% by the end of 2024. Bostic downplays the …

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• 23 September 2024 10:41 pm

  XAU/USD steadies above $2,600 on further rate cut hopes, Middle East tensions

  

  Expectations of a rate cut by the Federal Reserve in November and declining US Treasury yields propel gold to a new all-time high. S&P Global Flash PMIs show that while the manufacturing sector is resilient, the US economy is not as strong in the manufacturing sector.While retaining policy flexibility and …

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• 23 September 2024 9:09 pm

  Euro Retreats On Fresh Recession Fears

  

  Monday saw a temporary extension of the euro’s slide versus the US dollar as business activity figures for the euro zone economy disappointed. Prior to this, US statistics had indicated that activity remained stable. With markets already putting in a roughly 77% possibility for a cut of at least 25 …

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• 23 September 2024 7:45 pm

  Crude Oil surges after US PMI’s

  

  Crude Oil advances higher after US PMI’s lead the way. Euopean PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven US dollar. Crude Oil makes a run for it and …

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• 23 September 2024 3:07 pm

  Euro Plunges as Grim Business Data Fuels Expectations of ECB Rate Cuts

  

  The euro experienced a sharp decline against the dollar on Monday as recent business activity data painted a gloomy picture of the euro zone’s economic health, heightening expectations that the European Central Bank (ECB) may resort to more policy easing later this year. The common currency dropped by 0.6% to …

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• 23 September 2024 12:44 pm

  Euro Zone Business Activity Contracts Sharply Amid Manufacturing and Services Slowdown

  

  Business activity in the euro zone saw an unexpected and sharp contraction this month, as the bloc’s dominant services sector stagnated, and the manufacturing downturn accelerated, according to data released on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 48.9 in September …

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• 23 September 2024 11:33 am

  Oil Prices Rise Amid Middle East Tensions and U.S. Interest Rate Cut

  

  Oil prices edged higher on Monday, driven by concerns over potential supply disruptions in the Middle East and optimism that the U.S. Federal Reserve’s significant interest rate cut last week would support demand. Brent crude futures for November delivery rose 22 cents, or 0.3%, to $74.71 a barrel by 0705 …

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• 23 September 2024 10:31 am

  Bitcoin Extends Gains to One-Month High Amid Fed Rate Cut Optimism, Eyes More Economic Cues This Week

  

  Bitcoin continued its upward momentum on Monday, reaching a one-month high as traders reacted positively to the Federal Reserve’s recent interest rate cut. However, trading volumes were subdued due to a market holiday in Japan and the anticipation of more economic signals in the coming days. Bitcoin rose 1.3% to …

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• 23 September 2024 9:57 am

  Gold Prices Hit Record High Amid U.S. Rate Cut Optimism, Market Awaits More Economic Signals

  

  Gold prices surged to a new record high in Asian trading, fueled by optimism surrounding recent U.S. interest rate cuts. Investors also exhibited caution ahead of a series of economic events this week, which further supported the yellow metal’s rise. Spot gold climbed 0.3% to reach a historic high of …

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• 23 September 2024 7:25 am

  Financial Markets Weekly Recap: Fed’s Pivotal Shift Triggers Risk-On

  

    Fed’s Aggressive Rate Cut Signals a New Era Last week, the Federal Reserve made a significant move by cutting its policy rate by a substantial 0.5%. This marked a significant departure from its previous stance of aggressive rate hikes aimed at curbing inflation. The larger-than-expected cut signals a critical …

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