Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2023

• 14 December 2023 1:40 pm

  European stocks rise supported by the Federal Reserve’s tendency to ease

  

  European stocks jumped on Thursday, supported by gains in real estate sector stocks and a decline in euro zone bond yields, as investors were optimistic about the US Federal Reserve’s hint to reduce borrowing costs in 2024 and awaited the European Central Bank’s decision. The European Stoxx 600 index rose …

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• 14 December 2023 3:02 am

  Market Drivers – US Session, December 13

  

  After the Federal Reserve meeting, the US Dollar experienced a significant collapse. As expected, the central bank decided to keep interest rates unchanged. Market analysts are forecasting three rate cuts for 2024. Fed Chair Jerome Powell leaned dovish, adding fuel to the rally in Treasury bonds. He refrained from declaring …

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• 14 December 2023 2:49 am

  How have key assets reacted to FOMC’s dovish language?

  

  Gold price, eventually, abandoned daily lows and climbed above the $2000 level. The precious metal benefited from sinking Treasury bond yields after FOMC’s statement had signaled dovishness with projected interest rate cuts in the new year. Fed Chair, Jerome Powell, stated that the Fed is committed to achieving its mandates …

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• 14 December 2023 1:05 am

  SEP, Dot Plot suggest rate cuts in 2024

  

  The US central bank announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% following the December meeting. This decision came in line with the market expectation.The revised Summary of Projections (SEP) showed that that Fed officials’ median view of policy rate …

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• 14 December 2023 12:39 am

  Jerome Powell sheds light on FOMC’s pause decision

  

  Fed Chair Jerome Powell explained the decision to keep the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responded to questions in the post-meeting press conference.Quotes from Post FOMC meeting press conference“It’s not likely we will hike further.”“Policymakers are thinking, talking about when it will be …

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• 13 December 2023 11:20 pm

  Fed signals 3 interest rate cuts in 2024

  

  The Fed has held its key interest rate unchanged for the third consecutive time and set the stage for multiple cuts to come in 2024 and beyond. With inflation rates easing and the economy holding in, FOMC members voted unanimously to keep the benchmark overnight borrowing rate in a targeted …

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• 13 December 2023 10:58 pm

  Fed Pauses Rate For Third Time In A Row As Expected

  

  The US central bank decided to keep interest rates unchanged following FOMC meeting that concluded a few minutes ago. Inflation has moderated substantially, and central bank officials have signaled that they may be done raising borrowing costs. A fresh set of forecasts will provide hints about when rate cuts may …

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• 13 December 2023 10:53 pm

  All Eyes Shift to Dot Plot before Fresh Interest-Rate Pause

  

  For the third meeting in a row, the US central bank is anticipated to hold interest rates steady. Decisions are taken meeting by meeting, and officials maintain that data is the primary source of information.After raising rates to their highest point in more than 20 years in less than a …

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• 13 December 2023 10:06 pm

  US Stocks edge up on easing inflation ahead of FOMC decision

  

  Wall Street’s main indexes gained on Wednesday after new data indicated inflation pressures were easing, ahead of the Federal Reserve’s final monetary policy decision of the year, where it is widely expected to leave interest rates unchanged.The Labour Department’s report showed the Producer Price Index (PPI) for final demand rose …

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• 13 December 2023 9:33 pm

  Canadian dollar gains some support from crude oil rally

  

  The Canadian dollar is moderately gaining support from a crude oil rally. Markets are still tepid this week, with CAD traders waiting until Bank of Canada Governor Tiff Macklem’s appearance late Friday before finding tradeable headlines. Markets are eagerly waiting the Federal Open Market Committee meeting to deliver their updated …

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• 13 December 2023 8:43 pm

  Gold slightly higher as all eyes focus on looming FOMC decision

  

  Gold prices are up a bit after hitting a three-week low overnight, while silver is slightly down after scoring a four-week low overnight. The marketplace is quieter just ahead of some important US economic data coming out today. February gold was last up $3.20 at $1,996.40. Gold is trading at …

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• 13 December 2023 7:47 pm

  US dollar steadies ahead of FOMC decision, Powell’s remarks

  

  The US dollar is expected to remain steady against major G20 currencies ahead of the US Federal Reserve meeting, with traders anticipating a firm pushback on rate cuts from the Fed. The official rate announcement and initial guidance will be released at 19:00 GMT, followed by a press conference with …

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• 13 December 2023 6:32 pm

  ECB: Shift Towards a More Dovish Stance Amidst Downward Inflation Trends

  

  It indeed seems to be a busy week for central banks, with several major ones scheduled to report on their monetary policy decisions. The Federal Reserve (Fed) is set to lead the way with its two-day meeting starting on Wednesday, followed by the European Central Bank (ECB), Bank of England …

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