Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 18 September 2024 11:39 pm

  Gold Prices Plummet Following Fed Rate Cut

  

  Gold prices experienced a significant decline after the Federal Reserve (Fed) announced a 50-basis point rate cut. Despite the reduction, the Fed projected the federal funds rate to reach 4.4% by the end of 2024, indicating a continued tightening stance.Rate Cut and Outlook: The Fed’s decision to lower borrowing costs …

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• 18 September 2024 11:00 pm

  Powell: FOMC decisions are never about politics or anything else

  

  Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.Key quotes“Immigration is one of the things that has allowed unemployment rate to …

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• 18 September 2024 10:38 pm

  USD/JPY retreats after Fed delivers 50 bps rate cut

  

  The US dollar fell to a low of 140.80 on Wednesday when the Fed announced a 50 basis point cut in interest rates, just as the markets were getting ready for Fed Chair Powell’s press conference. In an effort to meet market expectations, US central bank policymakers have lowered interest …

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• 18 September 2024 10:03 pm

  FOMC cuts interest rate by 50 bps to 4.75%-5%

  

  Following its meeting in September, the FOMC decided to 50 bps to 4.75%-5% as widely anticipated. Key hints on the outlook for interest rates are expected from the updated Summary of Economic Projections and comments made by Fed Chairman Powell. Depending on the magnitude of the interest rate cut, the …

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• 18 September 2024 8:32 pm

  FOMC poised to start easing cycle amid uncertainty about rate cut size

  

  The Federal Reserve is widely expected to lower the policy rate after the September meeting. The revised Summary of Economic Projections and Fed Chairman Powell’s remarks could provide important clues about the rate outlook. The US Dollar faces a two-way risk depending on the size of the interest rate cut. …

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• 18 September 2024 3:09 pm

  U.S. Stock Index Futures Rise Slightly Ahead of Fed Rate Decision

  

  U.S. stock index futures pointed slightly higher on Wednesday as investors awaited a highly anticipated decision by the Federal Reserve, which is expected to result in the first interest rate cut since March 2020. By 06:22 ET (10:22 GMT), S&P 500 futures were up by 8 points (0.1%), Nasdaq 100 …

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• 18 September 2024 1:48 pm

  UK Inflation Steady in August; Services Sector Inflation Rises, Impacting BoE Rate Decision

  

  British inflation held steady in August, with the Consumer Price Index (CPI) remaining at 2.2%—matching expectations but falling short of the Bank of England’s (BoE) latest projection of 2.4%. However, a notable increase in services sector inflation has added complexity to the central bank’s upcoming decision on interest rates. Consumer …

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• 18 September 2024 11:58 am

  Oil Prices Dip as Weak Economic Data Outweighs Middle East Tensions and Fed Rate Expectations

  

  Oil prices fell on Wednesday after two consecutive sessions of gains, with weak macroeconomic data weighing on demand and offsetting concerns about supply disruptions in the Middle East. Investors were also keeping an eye on the U.S. Federal Reserve’s upcoming interest rate decision, which could have bullish implications for crude …

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• 18 September 2024 3:09 am

  Euro Softens on Eurozone Outlook

  

  The Euro has experienced a decline in recent trading, primarily due to a combination of weak economic data and growing expectations for a Federal Reserve interest rate cut. As investors digest the implications of these developments, the currency pair has come under pressure.Weakening Economic SentimentA key factor contributing to the …

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• 18 September 2024 2:51 am

  Market Drivers: Eve of FOMC’s Most Uncertain Meeting in 2024

  

  The US Dollar Index (DXY) experienced a temporary respite from its recent decline, supported by a rebound in US T-yields and anticipation of a potential 50-basis point rate cut by the Federal Reserve. The upcoming FOMC meeting on September 18 will be a crucial event, shaping market dynamics in the …

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• 18 September 2024 1:42 am

  Will FOMC Go Big or Small on Rate Policy?

  

  The September 2024 FOMC meeting is poised to conclude on September 18th, with Fed Chairman Powell’s press conference following. Traders and economists are divided over the size of the rate cut, with 59% odds of a 50bps interest rate cut and 41% probability of a 25bps cut per CME FedWatch. …

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• 17 September 2024 11:59 pm

  Short Term Forecast: Gold Pressured Ahead of FOMC Decision

  

  Strong US macroeconomic data, including US Retail Sales, above forecast, and an improvement in Industrial Production in August, has caused gold prices to decline. The US Dollar Index (DXY) increased by 0.21% to 100.92, which put pressure on the gold. The US Fed’s monetary policy decision on Wednesday is anticipated …

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• 17 September 2024 10:10 pm

  US Treasury Yields Rise Following Positive Data

  

  US Treasury yields increased after data revealed a boost in consumer spending in the United States during August, according to figures released on Tuesday by the US Bureau of Labour Statistics. The yield on the 10-year US Treasury note rose to 3.644% compared to the previous day’s close of 3.623%. …

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