Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 2 October 2024 12:13 am

  US bond yields decline due to a flight to safe havens

  

  Treasury yields have embarked on a new downward trajectory due to increased demand for safe-haven assets. This inverse relationship between bond prices and yields is a common occurrence in the market.The heightened demand for safe-haven assets, particularly U.S. government bonds, was spurred by escalating geopolitical tensions in the Middle East …

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• 1 October 2024 11:44 pm

  Why should investors avoid panic about oil price in Middle East crisis?

  

  Oil prices rose by more than 4% to about $75 a barrel on Tuesday. So far, oil prices rose by more than 4% as escalation has intensified between Israel and Iran.Amid this geopolitical scene, the risk of a jump in oil prices that could trigger another global inflation shock appeared …

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• 1 October 2024 11:13 pm

  Dow Jones Plunges Amid Global Tensions

  

  The Dow Jones Industrial Average suffered a significant decline on Tuesday, primarily driven by escalating geopolitical tensions in the Middle East and disappointing US economic data.Israel’s recent military strikes on Lebanese targets have ignited fears of a wider regional conflict, with Iran vowing retaliation. This heightened uncertainty has rattled global …

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• 1 October 2024 10:03 pm

  Investors Await ECB Rate Cut in October on Easing Inflation

  

  Expectations that rate reductions will accelerate after October might weaken the euro and the yields on government bonds. For the final two ECB meetings in 2024, the Eurozone money markets are pricing in 51 basis points of rate reductions. On October 17, investors are placing more and more bets that …

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• 1 October 2024 8:37 pm

  Fed’s Bostic Doesn’t Rule Out Another Jumbo Rate Cut

  

  Raphael Bostic, the President of the Federal Reserve Bank of Atlanta, believes that the Fed should be prepared to make larger interest rate cuts if the job market weakens. He reassured markets that his business contacts don’t anticipate layoffs, but this statement seems out of place given the recent ISM …

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• 1 October 2024 7:38 pm

  US Dollar Surges Amid Geopolitical Tensions, Fed’s Fresh Hints

  

  The US Dollar experienced a significant rally following escalating tensions in the Middle East and comments from Federal Reserve Chairman Powell suggesting a less dovish stance on interest rates. The US Dollar Index reached a seven-day high as investors sought safe havens amid geopolitical uncertainty.Key factors driving the US Dollar’s …

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• 1 October 2024 3:54 pm

  U.S. Stock Futures Dip as Investors Assess Fed Chair’s Remarks and Await Economic Data

  

  U.S. stock futures saw a mixed start on Tuesday as investors digested recent comments from Federal Reserve Chair Jerome Powell and braced for a busy week of key economic data releases. Market Snapshot: Dow Futures: Down 145 points (-0.3%)S&P 500 Futures: Down 6 points (-0.1%)Nasdaq 100 Futures: Up 20 points …

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• 1 October 2024 2:02 pm

  Euro Zone Inflation Falls Below 2%, Signaling Potential ECB Rate Cut

  

  For the first time since mid-2021, euro zone inflation dipped below 2% in September, reinforcing expectations that the European Central Bank (ECB) could implement another rate cut this month as its efforts to control price growth appear to be nearing success. Key Inflation Figures: Headline Inflation: Inflation in the 20 …

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• 1 October 2024 10:44 am

  Oil Prices Steady as Supply Outlook Offsets Middle East Tensions

  

  Oil prices remained relatively unchanged on Tuesday as prospects of stronger supply and sluggish global demand growth balanced concerns over potential disruptions from escalating tensions in the Middle East. Key Price Movements: Brent Crude: December delivery edged up 13 cents (0.18%) to $71.83 a barrel as of 0615 GMT.West Texas …

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• 1 October 2024 9:54 am

  Asian Stocks Ease Amid Fed Chair’s Hawkish Comments; Dollar Firms

  

  Asian stocks dipped near two-and-a-half-year highs on Tuesday, while the U.S. dollar strengthened following hawkish remarks by Federal Reserve Chair Jerome Powell, which dampened hopes for significant interest rate cuts. Additionally, rising tensions in the Middle East contributed to a cautious risk sentiment among investors. Market Overview MSCI’s Broadest Asia-Pacific …

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• 1 October 2024 12:18 am

  Market Drivers; US Session, September 30

  

  For the second day in a row, the price of gold declines as month-end flows favor the US dollar despite declining US Treasury yields. However, September is expected to be the strongest month for the golden metal since March 2024, when prices increased by more than 9%. Monthly gains of …

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September, 2024

• 30 September 2024 11:02 pm

  Will Japan’s Yen Continue to Decline?

  

  The USD/JPY pair has been rising since the start of the American trading session in the currency market, driven by the increase in US Treasury yields. This is due to the positive relationship between the pair and the yields on these government bonds, highlighting the weakness of the Japanese yen.US …

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• 30 September 2024 10:21 pm

  Jerome Powell’s Comments Praise Fed’s Cautious Approach

  

  Fed Chair Jerome Powell reiterated that inflation has been broadly defeated and that recent data indicate further progress toward a sustained return to 2% core goods prices have fallen a half percent over the past year, close to their pre-pandemic pace, as supply bottlenecks have eased outside of housing services. …

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