Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2023

• 2 November 2023 8:45 pm

  T-yields continue to decline post Fed’s interest rate pause

  

  Treasury yields are experiencing a downtrend following the Fed’s decision to continue with a rate pause following its November FOMC meeting. The 10-year yield dropped over 10 basis points, suggesting that market participants are pricing in a Fed likely done with policy hiking. The US yield curve has been well …

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• 2 November 2023 7:20 pm

  Gold holds to recent gains post Fed’s decision

  

  Gold price clings to gains prompted by paused monetary policy from the Fed. Weak US private payrolls and factory data have diminished the appeal of the US dollar. The release of the US NFP would guide further action on the precious metal.As of this writing, gold is trading at $1983.50. …

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• 2 November 2023 5:21 pm

  Turkish Central Bank raises its forecast for the inflation rate to 36 percent

  

  Turkish Central Bank Governor Hafizah Ghaya Arkan said on Thursday that the bank raised its forecast for the inflation rate by the end of the year to 65 percent from 58 percent, and also raised its forecast for inflation by the end of 2024 to 36 percent from 33 percent. …

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• 2 November 2023 3:38 pm

  Gold rises as the dollar and Treasury yields decline

  

  Gold prices rose on Thursday, supported by a decline in the dollar and Treasury bond yields, amid increasing investor bets that the Federal Reserve may have reached the end of its cycle of raising interest rates after keeping them unchanged. By 0924 GMT, gold in spot transactions rose 0.3 percent …

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• 2 November 2023 2:31 pm

  Dollar declined after the US interest rate decision and eyes on BoE

  

  The dollar was generally lower on Thursday, with risk-sensitive Asia-Pacific currencies leading gains as investors became increasingly convinced that US interest rates may have peaked after the Federal Reserve kept them unchanged. The focus now turns to the Bank of England and whether it will make the same move on …

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• 2 November 2023 1:36 pm

  European stocks rise on a boost from bets on stopping interest rate hikes

  

  European stocks rose on Thursday, driven by the rise in real estate and technology stocks affected by interest rates, as investors bet on the possibility of the end of monetary tightening policy in the United States after the Federal Reserve kept interest rates unchanged. The European STOXX 600 index rose …

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• 2 November 2023 6:33 am

  NFP Preview: Market Focus Shifts to US Employment Situation

  

  On Friday morning, all eyes will be on Wall Street as the U.S. Bureau of Labor Statistics releases its latest employment survey. This report carries significant weight, as it can potentially influence the Federal Reserve’s monetary policy outlook. As a result, the market will likely experience heightened attention and scrutiny, …

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• 1 November 2023 11:41 pm

  Wall Street holds gains amid choppy trading post-FOMC decision

  

  The S&P 500 largely maintained its gains on Wednesday, despite choppy trading as Federal Reserve Chair Jerome Powell kicked off his press conference. The US central bank had, as anticipated, kept interest rates unchanged while praising the strength of the economy.In a policy statement that acknowledged the unexpected strength of …

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• 1 November 2023 11:10 pm

  Powell: Fed close to the end of tightening cycle

  

  Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% meeting and responds to questions.Key Quotes“‘Dot plot is a picture in time of appropriate policy in light of policymakers’ personal views.”“Efficacy …

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• 1 November 2023 10:20 pm

  FOMC’s statement: Inflation remains elevated

  

  Recent data suggests that economic activity expanded at a strong pace in the third quarter, according to the FOMC statement released on Wednesday, Nov. 1, following the committee’s decision to leave interest rate policy unchanged. The following FOMC members voted in favour of the monetary policy decision: Philip N. Jefferson, …

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• 1 November 2023 10:03 pm

  FOMC keeps rate policy unchanged in line with expectations

  

  As expected, the Federal Reserve policymakers decided to leave US policy rate unchanged at the range of 5.25%-5.5% for the second consecutive time. The decision has just been announced and FOMC Chairman Jerome Powell will speak on the policy outlook and respond to questions in the post-meeting press conference, starting …

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• 1 November 2023 9:48 pm

  Gold fails to hold recent gains ahead of FOMC decision

  

  Near midday, ahead of the Federal Reserve’s meeting to set monetary policy, gold prices were marginally higher. Gold fell by 0.23% from the previous closing price, or $4.50.The Federal Reserve and Bank of England’s central bank meetings are the focus of the market, with most observers projecting that the FOMC …

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• 1 November 2023 9:22 pm

  US dollar leaps to daily highs ahead of awaited FOMC decision

  

  On Wednesday, the US dollar reached a level not seen in almost a month as the DXY Index surged by 0.30%. The US dollar is supported by cautious market sentiment ahead of the Federal Reserve’s policy decision, even in the face of weak US economic data and declining US bond …

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