Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 16 September 2024 11:07 pm

  Canadian Dollar Weakens with CPI data around the corner

  

  As CAD traders braced themselves for a new batch of Canadian Consumer Price Index (CPI) inflation numbers due during the mid-week phase, the Canadian dollar lost ground at the beginning of the trading week, plunging into the low end on Monday across the major currency board. On Tuesday, the Bank …

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• 16 September 2024 10:09 pm

  Rate Cut Looms Large as Some US Stocks Hover Near Fresh Records

  

  As the Federal Reserve prepares to announce its interest rate decision, financial markets worldwide are on tenterhooks. The Dow Jones Industrial Average, tantalizingly close to record highs, reflects the widespread anticipation for a significant rate cut. Investors hope this move will provide a much-needed boost to the faltering economy.Fed’s Looming …

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• 16 September 2024 9:47 pm

  Explainer: Earnings The Real Catalyst For S&P 500’s Rebound

  

  As the Federal Reserve prepares to cut interest rates, investors are eagerly anticipating a broader market recovery. While the Fed’s actions will undoubtedly provide a supportive environment, it’s crucial to recognize that earnings growth is the true catalyst for the S&P 500’s rebound.Beyond Big Tech: A Broad-Based RallyWhile Big Tech …

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• 16 September 2024 8:26 pm

  EUR/GBP Undergoes A Persistent Bearish Trend

  

  The EUR/GBP pair has been under sustained selling pressure, with recent price action reinforcing the bearish outlook. The pair’s failure to breach the 20-day Simple Moving Average (SMA) has served as a catalyst for further declines, indicating that sellers have maintained control of the market.The EUR/GBP pair is facing a …

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• 16 September 2024 7:56 pm

  GBP/USD Maintains Bullish Outlook Ahead of Looming Fed Rate Cut

  

  The Pound Sterling’s Resurgence The Pound Sterling (GBP) has staged a remarkable comeback against the US Dollar (USD), surging to a five-day peak of 1.3214. This rally is primarily driven by the growing expectation that the Federal Reserve (Fed) will implement a substantial interest rate cut at its upcoming monetary …

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• 16 September 2024 2:38 pm

  U.S. Stock Futures Hold Steady Ahead of Fed Meeting

  

  U.S. stock index futures saw minimal movement on Monday, as investors awaited a key Federal Reserve meeting expected to kick off a rate-cutting cycle. As of 5:50 AM ET (9:50 GMT), Dow Jones Futures rose 60 points (0.1%), S&P 500 Futures edged up by 3 points (0.1%), while Nasdaq 100 …

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• 16 September 2024 12:27 pm

  European Stocks Slip as Traders Eye Fed’s Rate Decision and Key Economic Data

  

  European shares began the week on a cautious note, with the pan-European STOXX 600 index down 0.3% as of 0710 GMT on Monday. Traders are bracing for a highly anticipated rate cut by the U.S. Federal Reserve, with many expecting a larger-than-forecast reduction. All major European markets and most sector …

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• 16 September 2024 11:06 am

  Oil Prices Inch Higher Amid Fed Rate Cut Speculation, Weaker China Data Caps Gains

  

  Oil prices saw a slight uptick in early trading on Monday, supported by growing expectations of an interest rate cut by the U.S. Federal Reserve later this week. However, the gains were tempered by ongoing concerns about weak economic data from China and demand uncertainties. Brent and U.S. Crude Prices …

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• 16 September 2024 10:01 am

  Gold Hits Record High Amid Fed Rate Cut Speculation and Trump Assassination Attempt

  

  Gold prices surged to a record high in Asian trading on Monday, driven by heightened speculation that the Federal Reserve may cut interest rates more aggressively later this week. Adding to the bullish sentiment for safe-haven assets were reports of a second assassination attempt on Republican presidential nominee Donald Trump, …

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• 16 September 2024 9:33 am

  Asian Markets Brace for Federal Reserve Rate Cut Amid Yen Surge

  

  Asian currencies saw muted activity in Monday’s holiday-thinned trade, with regional markets focused on the highly anticipated Federal Reserve meeting this week. While markets in Japan, China, and South Korea were closed for holidays, the Japanese yen made significant gains, hitting an eight-month high, as traders positioned ahead of key …

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• 16 September 2024 6:45 am

  Financial Markets’ Weekly Recap: Fed’s rate cut size in focus

  

  US dollar has ceased its upward trajectory since the release of US economic data indicating a slowdown in consumer prices. This data has reinforced expectations that the Federal Reserve is likely begin cutting interest rates at its September meeting. This data has fuelled speculation that the Federal Reserve is likely …

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• 14 September 2024 12:17 am

  Was ECB’S Rate Cut A Risky Gamble for the Euro?

  

  The market is currently focused on the potential policy decisions of the Fed, with strategists believing that the risk of EUR/USD dropping back to 1.10 is high. Market expectations regarding a possible September rate cut from the Fed began to firm up in July, leading to the USD underperforming all …

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• 13 September 2024 11:20 pm

  US Dollar Weakens as Rate Cut Bets Accelerate

  

  The US Dollar continued its downward trend as investors digested recent economic data and increased their bets on a more aggressive rate cut by the Federal Reserve. The US Dollar Index (DXY) fell, reflecting a weaker greenback against a basket of major currencies.Fed Rate Cut Expectations AccelerateFollowing dovish comments from …

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