Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 21 September 2023 3:15 pm

  BoE Preview: Forecasts from major banks

  

  On Thursday, September 21 at 11:00 GMT, the Bank of England (BoE) is set to reveal its Interest Rate Decision. As the release time approaches, let’s take a look at the predictions provided by economists and researchers from 10 major banks. The consensus among these experts points to an anticipated …

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• 21 September 2023 2:04 pm

  European stocks decline after the US adheres to monetary tightening

  

  European stocks fell on Thursday, tracking Wall Street, which suffered losses overnight, after the Federal Reserve signaled a longer rate hike and ahead of further interest rate decisions from the Swiss National Bank, the Riksbank, the Norwegian central bank and the Bank of England. The European STOXX 600 index fell …

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• 21 September 2023 12:58 pm

  The Nikkei closed lower on hawkish Fed outlook

  

  Japan’s Nikkei index closed down more than 1 percent on Thursday, as heavyweight technology stocks tracked their American counterparts after the Federal Reserve showed a tendency to tighten monetary policy and expected to raise interest rates again by the end of the year. The Nikkei index fell 1.37 percent to …

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• 21 September 2023 12:13 pm

  Dollar rises and the yen is under pressure ahead of the Japanese central bank’s interest rate decision

  

  The dollar recorded new highs against some currencies on Thursday, as it remained near its highest levels against the yen since early November, after the US Federal Reserve showed a tendency to tighten after keeping interest rates unchanged. The dollar index, which measures the currency’s performance against a basket of …

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• 21 September 2023 10:59 am

  The Bank of England’s rate hike decision is uncertain due to cooling inflation

  

  When will the Bank of England announce its interest rate decision, and what potential impact could it have on GBP/USD? The Bank of England is widely anticipated to increase the Bank Rate, its benchmark interest rate, by 25 basis points (bps), moving it from 5.25% to 5.50%, with the announcement …

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• 21 September 2023 1:39 am

  Market Drivers Post FOMC Decision, September 20

  

  The US central bank unanimously decided to keep interest rates at 5.25-5.50%. Comparing the Fed’s announcement to the July meeting, there were little differences. The majority of FOMC members predicted that another rate increase might be necessary before the year is through. During the press conference, Fed Chair Powell made …

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• 21 September 2023 1:23 am

  Wall Street dimmed post-FOMC decision

  

  After the US Federal Reserve kept key interest rates unchanged and revised economic projections higher, Wall Street declined even as Fed Chair Jerome Powell warned the battle against inflation was far from over. All three major US stock indexes whipsawed in the wake of the announcement and the accompanying Summary …

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• 20 September 2023 11:55 pm

  Powell’s Recap: Warns of Gov Shutdown, Comments on Soft Landing

  

  The benchmark funds rate was held unchanged in September by the Fed in a range of 5.25% to 5.5%. Jerome Powell, the chair of the Fed, has provided his forecast on rates, the economy, and the possibility of a gentle landing. The central bank has increased its benchmark borrowing rate …

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• 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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