Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 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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• 21 September 2024 4:03 am

  

  Market Drivers: US Session, September 20 US Dollar Strengthens Amidst Fed Rate Cut and Economic OptimismThe US Dollar gained momentum following the Federal Reserve’s interest rate cut, reflecting growing market optimism about the US economy. The New York Fed’s Nowcast model projects robust economic growth in the third and fourth …

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• 20 September 2024 11:00 pm

  Dow Rallies Cautiously in Celebration Following Rate Cut

  

  Dow Jones hovers near 42,000. Thus, the Index is heading for another winning week, but this time, Dow’s rally comes after Fed’s recent rate cut. The Dow Jones Industrial Average has surged to near 42,000 this week, following the Federal Reserve’s aggressive interest rate cut. This marks a significant turnaround …

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• 20 September 2024 10:12 pm

  Trump slams Fed’s rate cut decision

  

  Following the half-percentage-point interest rate cut by the Federal Reserve less than two months before the November election, Republican presidential nominee Donald Trump is not holding back in his criticism of the institution. In an interview with Newsmax on Thursday, the former president stated, “It really is a political move.” …

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• 20 September 2024 9:41 pm

  What Signal Does FedEx’s Earnings Miss Convey About US Economy?

  

  The recent earnings report from FedEx has sent shockwaves through the financial markets, raising serious concerns about the health of the broader economy. The company, often considered a bellwether for the US and global economies, has reported weaker-than-expected results, primarily due to a decline in industrial shipments. This article will …

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• 20 September 2024 8:32 pm

  EUR/GBP Price Analysis: Sellers Dominate as Pair Plummets

  

  The EUR/GBP pair continued its downward spiral, extending its losing streak and reaching a new yearly low. This ongoing bearish trend is supported by both technical indicators and fundamental factors.Fundamental FactorsEconomic Data: While specific economic data points for the eurozone and the UK have not been mentioned, it is likely …

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• 20 September 2024 8:25 pm

  Gold Prices Soar: A Strategic Analysis

  

  Gold is +1.48 up during the US session on Friday, trading at USD 2,624.51. Gold prices have recently reached unprecedented heights, sparking renewed interest in the precious metal. While the exact reasons for this surge remain somewhat elusive, several key factors are likely contributing to the bullish sentiment. This analysis …

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• 20 September 2024 7:31 pm

  Mercedes-Benz Shares Plummet Following Profit Warning

  

  German automaker Mercedes-Benz has issued a profit warning, attributing the decline to a significant weakening of demand in the Chinese market. This announcement has caused a sharp drop in the company’s share price.The company has revised its full-year profit outlook downward, citing a “further deterioration” of Chinese consumer demand. The …

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• 20 September 2024 2:49 pm

  Oil Prices Ease but Set for Second Weekly Gain Amid U.S. Rate Cuts and Lower Stockpiles

  

  Oil prices slipped on Friday, yet they remained poised for a second consecutive weekly gain, buoyed by the Federal Reserve’s significant interest rate cut and shrinking global stockpiles. As of 10:04 GMT, Brent futures had declined by 50 cents (0.67%) to $74.38 a barrel, while U.S. WTI crude futures fell …

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• 20 September 2024 12:17 pm

  European Markets Slip as Investors Digest Central Bank Decisions

  

  European stock markets edged lower on Friday, consolidating the previous session’s sharp gains as investors processed policy updates from several major central banks. At 03:05 ET (07:05 GMT), Germany’s DAX fell by 0.6%, France’s CAC 40 dropped 0.3%, and the U.K.’s FTSE 100 declined 0.5%. Central Banks in Focus After …

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• 20 September 2024 11:13 am

  Bitcoin Rises to Three-Week High as Fed Rate Cut Spurs Risk Appetite

  

  Bitcoin’s price surged to a three-week high on Friday, driven by improved risk appetite following the Federal Reserve’s significant interest rate cut. The world’s largest cryptocurrency gained momentum, rising in tandem with broader risk-driven markets like stocks. Other cryptocurrencies also posted gains, with Bitcoin leading the rally and setting the …

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• 20 September 2024 10:49 am

  UK Retail Sales Surge in August as Warmer Weather Boosts Spending

  

  British retail sales rose by a stronger-than-expected 1% in August, driven by warmer weather and end-of-season sales, according to official data released by the Office for National Statistics (ONS) on Friday. This marks a significant improvement over economists’ expectations of a 0.4% rise, as forecasted by a Reuters poll. The …

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