Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2024

• 18 January 2024 2:19 am

  Market Drivers – US Session, Jan. 17

  

  The USD Index (DXY) reached a new yearly high in due to adjusted expectations of a rate cut by the Fed in March. This was in line with an additional narrative that suggested the ECB also could hold off on cutting rates until the summer, which ultimately seems to have …

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• 18 January 2024 2:10 am

  Stocks decline on retreating rate bets post-retail sales report

  

  Wall Street stocks finished lower on Wednesday after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March. The benchmark S&P 500, fell to its lowest in over a week. Amazon,, Nvidia, and Alphabet dipped between 0.5% and 1% …

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• 18 January 2024 12:15 am

  Inflation Data, Lagarde’s Comments Rattle Global Stocks

  

  Global stocks and bond markets retreated on Wednesday as investors scaled back expectations of swift interest rate cuts in the eurozone, the UK, and the US. European Central Bank president Christine Lagarde signaled borrowing costs would come down in summer rather than spring, following the first rise in UK inflation …

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• 17 January 2024 11:53 pm

  Gold retreats as fresh US data boosts US dollar

  

  Strong US Retail Sales figures and a spike in US Treasury yields have continued to drive down gold prices, which have lost more than 1.11% of their value. Gold’s decrease is partly due to the US Dollar Index’s upward trajectory, which reached a five-week high, and hawkish remarks made by …

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• 17 January 2024 11:17 pm

  Fed’s Beige Book reveals economic activity decline in recent weeks

  

  The US economic activity showed “little or no change” in recent weeks for most of the Federal Reserve’s 12 districts, amid signs that the labour market was cooling in most of the country’s regions, the central bank said on Wednesday in its Beige Book survey of regional business contacts.Consumer spending …

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• 17 January 2024 10:40 pm

  GBP/USD recovers on UK CPI despite strong US data

  

  GBP/USD surged by 0.25% as a result of the UK’s surprise 4% annual increase in inflation. GBP’s upside is limited by obstacles such as the moderate rate of cut by the Fed and the improvement in US retail sales. In contrast to the anticipated Fed rate decrease in March, the …

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• 17 January 2024 9:19 pm

  JPMorgan CEO to clients: Don’t get involved in Bitcoin

  

  Bitcoin (BTC-USD) is a type of cryptocurrency that does nothing, said JPMorgan Chase CEO Jamie Dimon who said he would advise his clients not to get involved in Bitcoin (BTC-USD), or in any of the new ETFs that were approved last week.Those include Grayscale Bitcoin Trust (GBTC), Blackrock’s iShares Bitcoin …

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• 17 January 2024 8:06 pm

  IMF: US economy has seen 75% of Fed hikes’ impact

  

  According to the International Monetary Fund, the US economy has already experienced about 75% of the effects of tighter monetary policy, with the rest expected to pass through this year. The Eurozone has more transmission to come due to interest rate hikes starting later. The US economy maintained stronger growth …

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• 17 January 2024 5:12 pm

  Major banks expect China’s economic growth to slow in 2024

  

  Major global investment banks have collectively forecasted a slowdown in the growth of China’s economy in 2024 compared to its growth rate in 2023, which fell below market expectations. Here are the growth expectations for China in 2024 from various banks: JPMorgan (NYSE: JPM): Expects China’s growth to slow to …

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• 17 January 2024 4:14 pm

  Annual inflation in the euro area rises to in December 2023

  

  Annual inflation in the euro zone increased to 9.2% in December 2023, marking a notable rise from its lowest level in over two years, which was 2.4% in November. This upward movement represents the first increase in inflation since April and is primarily attributed to energy-related base effects. Energy prices …

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• 17 January 2024 2:49 pm

  European stocks fell after the European Central Bank’s statements

  

  European stocks experienced a sharp decline at the beginning of Wednesday’s trading session, influenced by statements from European Central Bank officials that diminished expectations of interest rate cuts. Additionally, lower-than-expected Chinese economic data contributed to a negative market sentiment. The European STOXX 600 index dropped by 1.2 percent as of …

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• 17 January 2024 1:32 pm

  Dollar is at a one-month high as interest rate cut expectations decline

  

  The dollar index remained at its highest level in a month against a basket of currencies on Wednesday, as remarks from Christopher Waller, a member of the Federal Reserve Board of Governors, tempered expectations of an interest rate cut in March. Waller stated on Tuesday that, while the United States …

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• 17 January 2024 12:34 pm

  Oil prices decline as a stronger dollar offsets the risks of Red Sea unrest

  

  Oil prices fell on Wednesday as a stronger dollar curbed demand for crude denominated in the US currency, but increasing risks of supply disruptions amid the raging conflict in the Red Sea limited losses. Brent crude futures fell 36 cents, or 0.5 percent, to $77.93 per barrel by 0215 GMT. …

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