Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 12 September 2024 8:02 am

  EUR/GBP Price Analysis: A Precarious Balance

  

  The EUR/GBP exchange rate has been caught in a state of flux, with bearish sentiment tempered by recent signs of stabilization. While the overall technical outlook remains tilted to the downside, there is evidence that the selling pressure may be easing.The Relative Strength Index (RSI) has crept above the oversold …

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• 12 September 2024 1:57 am

  XAU/USD Retreats Following US Inflation Data

  

  Gold prices experienced a decline following the release of US Consumer Price Index (CPI) data. This unexpected move suggests that investors are now less confident in the Federal Reserve (Fed) cutting interest rates by 50 basis points (bps) at its upcoming meeting. Instead, the market is increasingly anticipating a more …

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• 12 September 2024 1:24 am

  Market Drivers; US Session, September 11

  

  The release of the August Consumer Price Index (CPI) in the United States sent a ripple effect through global financial markets. While the headline inflation rate eased slightly, the core CPI, which excludes volatile food and energy prices, remained sticky. This reading has tempered expectations for a bolder ‘50 basis …

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• 11 September 2024 11:50 pm

  Mixed Inflation Data Maintains US Dollar Index Unchanged

  

  The US Dollar Index (DXY) remained relatively stable following the release of mixed inflation data for August. While the overall inflation rate declined to 2.5%, core CPI remained steady at 3.2%, indicating persistent inflationary pressures. This data has dampened expectations of a 50-basis-point interest rate cut by the Federal Reserve …

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• 11 September 2024 10:38 pm

  UK Parliament Discusses Landmark Bill to Protect Digital Asset Owners

  

  In a significant move to bolster legal certainty and investor confidence in the cryptocurrency market, the UK Parliament has introduced the Property (Digital Assets etc) Bill. This groundbreaking legislation aims to establish a robust framework for recognizing digital assets as personal property under English and Welsh law. By granting digital …

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• 11 September 2024 9:19 pm

  Analytical Reading of Recent US CPI Report: Implications for Economy, Fed

  

  The recent release of the August 2024 Consumer Price Index (CPI) report has provided valuable insights into the current state of inflation in the United States. While the headline inflation rate has continued its downward trajectory, underlying inflationary pressures persist, raising questions about the Federal Reserve’s future monetary policy decisions.Key …

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• 11 September 2024 8:17 pm

  What to expect from ECB?

  

  The ECB’s Looming Decision: Navigating Complexities of Monetary PolicyThe European Central Bank (ECB) is faced with a crucial decision at its upcoming meeting: whether to lower interest rates or maintain a cautious stance. This choice is fraught with complexities as the ECB must balance the need to stimulate economic growth …

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• 11 September 2024 6:49 pm

  Explainer: Why Tesla Stock Is Soaring

  

  Tesla (NASDAQ: TSLA) shares continued to trend higher today, after an analyst assigned the stock a price target that is among the highest on Wall Street. Tesla stock has soared by over 25% in the last three months.Tuesday morning, shares were higher by as much as nearly 5% after Deutsche …

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• 11 September 2024 3:24 pm

  Oil Prices Rebound Over 1% Amid U.S. Output Concerns and Inventory Drop

  

  Oil prices rose over 1% on Wednesday, recovering some losses from the previous day, as a significant drop in U.S. crude inventories and concerns about Hurricane Francine disrupting output outweighed worries about weak global demand. Brent crude futures increased by $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, …

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• 11 September 2024 1:00 pm

  Dollar Hits Year-Low Against Yen as Harris Gains Edge in Presidential Race

  

  The U.S. dollar dropped to its lowest level against the yen this year on Wednesday, after investors boosted the chances of Kamala Harris winning the upcoming U.S. presidential election following a key debate against rival Donald Trump. The dollar fell as much as 1.24% to 140.71 yen, a level last …

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• 11 September 2024 11:45 am

  European Shares Climb as Oil and Gas Sectors Lead Gains Ahead of U.S. Inflation Data

  

  European shares opened higher on Wednesday, supported by strong performances in the oil, gas, and basic resources sectors. Investors are closely watching for the upcoming U.S. inflation report, which could provide insight into the Federal Reserve’s potential interest rate moves next week. The pan-European STOXX 600 index rose by 0.3% …

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• 11 September 2024 10:54 am

  Bitcoin Falls Amid Heated Presidential Debate, Crypto Markets Weigh Uncertainty

  

  Bitcoin’s price dropped on Wednesday, following a broader sell-off in risk assets as the contentious U.S. presidential debate increased concerns about the upcoming 2024 election. The cryptocurrency slipped 1.2%, reaching $56,258.6 by 05:58 GMT, while the broader crypto market also saw declines. Bitcoin turned negative after the conclusion of the …

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• 11 September 2024 10:28 am

  Oil Prices Rebound Amid Hurricane Concerns, Despite Weak Demand Outlook

  

  Oil prices rose on Wednesday, recovering some of the sharp losses from the previous day, as concerns over Hurricane Francine disrupting U.S. output offset ongoing fears of weak global demand. By 04:30 GMT, Brent crude futures had gained 34 cents, or 0.5%, reaching $69.53 a barrel, while U.S. West Texas …

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