Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 20 September 2024 2:44 am

  Does Oil Price Try To Defy Market Fundamentals?

  

  WTI futures were trading at $70.98 per barrel. WTI prices are lower by 3.35% so far this year. In the past 24 hours, Brent futures have increased by 1.95% to trade at $74.11/bbl. Brent prices have dropped by 6.26% so far this year. Although prices for West Texas Intermediate have …

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• 20 September 2024 12:15 am

  USD/CAD weakens as investors await BoC’s Macklem speech

  

  The USD/CAD pair is trading down on Friday morning in the Asian session, at 1.3560. The USD is still being hurt by predictions that the Fed may lower rates again this year. The commodity-linked Loonie is supported by rising crude oil prices. During Friday’s early Asian session, the USD/CAD pair …

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• 19 September 2024 11:21 pm

  Explainer: Fed’s Rate Cut Impacts stocks, crypto and other investments

  

  The Federal Reserve has lowered interest rates at its Sept. 17-18 meeting, decreasing the federal funds rate by 50 basis points to 4.75 to 5.0%. This is likely the first of a string of rate cuts that should help buoy the U.S. economy. Interest rates are one of the biggest …

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• 19 September 2024 10:00 pm

  Dow Jones Soars to Fresh Heights

  

  The Dow Jones Industrial Average (DJIA) continued its remarkable ascent, reaching yet another all-time high on Thursday. This surge, driven by the Federal Reserve’s (Fed) recent interest rate cut and robust economic indicators, underscores the prevailing bullish sentiment in the market. The Fed’s decision to lower interest rates by 50 …

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• 19 September 2024 8:36 pm

  Fed’s Aggressive Rate Cut Boost EUR/USD Amidst ECB Uncertainty

  

  The EUR/USD currency pair experienced a volatile trading session on Thursday, with the euro initially gaining ground against the US dollar before surrendering much of its intraday gains. The market’s reaction was primarily driven by the Federal Reserve’s (Fed) aggressive interest rate cut and diverging expectations regarding the European Central …

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• 19 September 2024 7:52 pm

  Pound Sterling Surges Following BoE’s Rate Decision

  

  The Bank of England (BoE) has maintained interest rates at 5% following a split decision within its Monetary Policy Committee (MPC). Despite inflationary pressures easing, the MPC opted to hold rates steady, signaling a cautious approach to monetary policy.The decision has had a significant impact on the pound sterling, which …

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• 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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