Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 20 September 2023 10:45 pm

  Fed’s Dot Plot indicates possible one more rate hike in 2023

  

  According to median projections provided on Wednesday, the Federal Reserve still expects to raise interest rates once more before the end of the year.The median forecast for the federal funds rate at the end of this year, according to the central bank’s most recent Summary of Economic Projections, is 5.6%, …

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• 20 September 2023 10:21 pm

  Fed’s policy statement adopts obvious hawkish language

  

  the US central bank’s policy statement, following FOMC meeting in September, adopts obvious hawkish language. The Fed said that the economic activity continued to expand at a solid pace and noted that job gains have slowed but remain strong. Moreover, the US central bank reiterated inflation remains elevated and that …

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• 20 September 2023 10:05 pm

  FOMC leaves interest rate unchanged in September as expected

  

  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 September policy meeting. This decision came in line with the market expectation.The Federal Reserve was widely expected to leave its policy rate unchanged at 5.25%-5.5%. The …

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• 20 September 2023 9:23 pm

  EUR/USD running for 1.0750 ahead of FOMC decision

  

  As markets position themselves ahead of the Fed, the EUR/USD was breaking to the upside. The Fed is anticipated to maintain current interest rates and provide an updated economic forecast.30 minutes following the release of the data, Fed Chair Jerome Powell will attend a press conference. In the lead-up to …

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• 20 September 2023 8:45 pm

  USD/CHF declines ahead of Fed decision

  

  The USD/CHF declined by 0.28% on the day to 0.8937. US yields and the DXY index are declining. All eyes are on the Fed’s decision and the updated dot plots. On Wednesday, the USD/CHF lost some ground and declined to the 0.8950 area.The US 10-year yield, after hitting its highest …

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• 20 September 2023 7:40 pm

  Gold surges on neutral Fed bets, hawkish stance

  

  Gold price delivers a range breakout ahead of the Fed’s monetary policy decision. The yellow metal is trading at $1944.34 per ounce at the time of writing, up by %0.67. The US Dollar remains subdued as the Fed is expected to keep the interest rates unchanged.A steady policy announcement is …

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• 20 September 2023 4:33 pm

  Dollar declines ahead of the Fed’s decision, Sterling falls

  

  The dollar fell on Wednesday ahead of an expected US interest rate decision by the Federal Reserve later in the day, while the pound sterling fell on growing bets that the Bank of England will halt its historic series of rate hikes. The dollar index, which measures the performance of …

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• 20 September 2023 2:53 pm

  Gold stabilizes pending US Fed’s interest rate decision

  

  There was little change in gold prices on Wednesday, as investors awaited the latest statements and expectations regarding interest rates from Federal Reserve Chairman Jerome Powell after the US central bank’s monetary policy meeting. By 0938 GMT, spot gold prices stabilized at $1,930.09 per ounce, remaining below its highest level …

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• 20 September 2023 1:34 pm

  Electric car sales in European Union countries exceed 20% in August

  

  Data from the European Automobile Manufacturers Association showed on Wednesday that for every five new cars sold in European Union countries during the month of August, more than one was fully electric, and sales of zero-emission cars more than doubled. The association said that fully electric models represented 21 percent …

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• 20 September 2023 12:44 pm

  European stocks rise ahead of Fed

  

  European stocks rose on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day, while British data showing inflation fell more than expected in August helped British stocks outperform their peers in the region. The European STOXX 600 index rose 0.3 percent after losses for two consecutive …

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• 20 September 2023 11:57 am

  Producer prices in Germany recorded their largest decline ever

  

  Producer prices in Germany recorded their biggest year-on-year decline in August since data collection began in 1949, raising hopes that inflation will continue to ease in Europe’s largest economy. The Federal Statistics Office reported on Wednesday that producer prices fell by 12.6 percent year-on-year. Analysts polled by Reuters had expected …

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• 20 September 2023 11:22 am

  Oil falls ahead of Fed

  

  Oil prices fell, becoming further away from their highest levels in ten months on Wednesday, ahead of the announcement of the Federal Reserve’s decision on the interest rate, amid a state of uncertainty among investors about when interest rates will reach their peak and the extent of this impact on …

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• 20 September 2023 1:48 am

  Market Drivers – FOMC Day Eve, September 19

  

  FOMC’s day will be a busy day. The Asian session will feature New Zealand’s release of Q2 Current Account data, and Japan will report August trade data.The Australian Westpac Leading Index will be released. The focus will be on the People’s Bank of China (PBoC) interest rate decision. Later on …

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