Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 19 September 2024 3:03 pm

  German Economy Faces Potential Contraction Amid Industrial Weakness, Consumer Caution: Bundesbank Report

  

  The German economy could shrink again in the third quarter of 2024, as it continues to grapple with an industrial recession, weak investment, and cautious consumer spending, according to a monthly economic report from the Bundesbank released on Thursday. Germany, the largest economy in the eurozone, has already experienced negative …

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• 19 September 2024 1:27 pm

  Bitcoin Rises After Fed’s Rate Cut, But Less Dovish Outlook Caps Gains

  

  Bitcoin’s price surged on Thursday following the Federal Reserve’s significant interest rate cut, which signaled the beginning of a potential easing cycle. The world’s largest cryptocurrency rose by 2.9% to $61,985 by 01:41 ET (05:41 GMT), briefly reaching a high of $62,539. Despite breaking out of the long-standing $50,000 to …

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• 19 September 2024 11:58 am

  Dollar Rebounds and Asian Stocks Surge After Fed’s Bold Rate Cut

  

  Global markets reacted strongly following the Federal Reserve’s aggressive interest rate cut of 50 basis points, setting the stage for a measured easing cycle. The move is widely seen as an attempt to guide the U.S. economy toward a soft landing after months of elevated inflation and economic uncertainty. U.S. …

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• 19 September 2024 11:09 am

  European Stocks Rise Following Fed’s Aggressive Rate Cut, Focus Shifts to BoE Decision

  

  European stock markets saw strong gains on Thursday, buoyed by the Federal Reserve’s aggressive rate cut and investor anticipation ahead of the Bank of England’s (BoE) policy decision. Germany’s DAX was up 0.9%,France’s CAC 40 rose 1.4%, andThe UK’s FTSE 100 climbed 0.9% as of 03:05 ET (07:05 GMT). Fed’s …

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• 19 September 2024 10:23 am

  Oil Prices Steady Amid Demand Concerns and Fed Rate Cut

  

  Oil prices remained relatively unchanged on Thursday, with Brent crude futures edging up by 8 cents to $73.73 a barrel, while WTI crude futures slipped by 3 cents to $70.88 a barrel as of 0015 GMT. The market’s reaction to the Federal Reserve’s half-percentage-point rate cut was muted, with concerns …

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• 19 September 2024 9:45 am

  Asian Stocks Rise After Fed’s Rate Cut, Japan Leads Gains as Yen Weakens

  

  Asian stocks experienced gains in choppy trade on Thursday, spurred by optimism following an outsized 50 basis point rate cut by the Federal Reserve, though the central bank’s higher projection for neutral rates tempered the enthusiasm. Wall Street’s weak overnight close also weighed on sentiment. However, U.S. stock index futures …

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• 19 September 2024 1:36 am

  Market Drivers; US Session: FOMC’s Rate Cut Rearranges Market Conditions

  

  The US Dollar Index (DXY) weakened to the 100.20 region, just to rebound afterwards and reclaim the 101.00 hurdle and beyond in the wake of the FOMC event. The usual weekly Initial Jobless Claims are due on September 19, seconded by the Philly Fed Manufacturing Index, the CB Leading Index, …

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• 19 September 2024 1:02 am

  How have US Stocks Reacted to FOMC Decision?

  

  The Federal Reserve’s recent decision to lower interest rates has sent ripples through the financial markets, sparking a surge in stock prices. While the move has initially been welcomed by investors, its long-term implications remain uncertain. Let’s delve deeper into the potential impacts of this rate cut on the economy …

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• 19 September 2024 12:14 am

  Powell speech: 50 bps move is a commitment to us not falling behind

  

  Fed Chair Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.Key quotes:“Housing market is frozen in part due to higher rates.”“As rates come home, …

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• 18 September 2024 11:39 pm

  Gold Prices Plummet Following Fed Rate Cut

  

  Gold prices experienced a significant decline after the Federal Reserve (Fed) announced a 50-basis point rate cut. Despite the reduction, the Fed projected the federal funds rate to reach 4.4% by the end of 2024, indicating a continued tightening stance.Rate Cut and Outlook: The Fed’s decision to lower borrowing costs …

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• 18 September 2024 11:00 pm

  Powell: FOMC decisions are never about politics or anything else

  

  Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.Key quotes“Immigration is one of the things that has allowed unemployment rate to …

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• 18 September 2024 10:38 pm

  USD/JPY retreats after Fed delivers 50 bps rate cut

  

  The US dollar fell to a low of 140.80 on Wednesday when the Fed announced a 50 basis point cut in interest rates, just as the markets were getting ready for Fed Chair Powell’s press conference. In an effort to meet market expectations, US central bank policymakers have lowered interest …

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• 18 September 2024 10:03 pm

  FOMC cuts interest rate by 50 bps to 4.75%-5%

  

  Following its meeting in September, the FOMC decided to 50 bps to 4.75%-5% as widely anticipated. Key hints on the outlook for interest rates are expected from the updated Summary of Economic Projections and comments made by Fed Chairman Powell. Depending on the magnitude of the interest rate cut, the …

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