Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 17 September 2024 11:55 am

  European Stocks Rise Ahead of Anticipated U.S. Rate Cut

  

  European stocks edged higher on Tuesday, led by gains in financial shares, as markets geared up for the U.S. Federal Reserve’s expected monetary easing cycle. Investors are eyeing a potential outsized rate reduction from the U.S. central bank. The continent-wide STOXX 600 index climbed 0.6% to 518.16 points by 07:13 …

  Read More »
• 17 September 2024 10:53 am

  Oil Prices Climb Amid U.S. Output Concerns and Expected Crude Stockpile Drop

  

  Oil prices extended their gains on Tuesday, supported by production disruptions in the U.S. Gulf of Mexico following Hurricane Francine and expectations of a drop in U.S. crude inventories. The market is also anticipating a positive sentiment shift ahead of this week’s Federal Reserve interest rate decision. Brent and U.S. …

  Read More »
• 17 September 2024 10:51 am

  Gold Prices Dip Slightly but Hold Near Record Highs Ahead of Fed Decision

  

  Gold prices edged lower in Asian trade on Tuesday, but remained near record highs as expectations grew for a substantial interest rate cut by the U.S. Federal Reserve later this week. The metal’s strong performance has been fueled by a weakening U.S. dollar and falling Treasury yields, driven by speculation …

  Read More »
• 17 September 2024 10:49 am

  Asian Markets Brace for Federal Reserve Rate Cut Amid Yen Surge

  

  Asian currencies saw muted activity in Monday’s holiday-thinned trade, with regional markets focused on the highly anticipated Federal Reserve meeting this week. While markets in Japan, China, and South Korea were closed for holidays, the Japanese yen made significant gains, hitting an eight-month high, as traders positioned ahead of key …

  Read More »
• 17 September 2024 1:40 am

  Market Drivers; US Session, September 16

  

  The selling sentiment that was undermining the dollar on Monday persisted, as traders continued to assign more weight to the possibility that the Fed might shock the markets by lowering interest rates by a half percentage point on Wednesday. For the third straight day, the US Dollar Index (DXY) fell, …

  Read More »
• 17 September 2024 12:16 am

  XAU/UDS soars to fresh record high ahead of FOMC meeting

  

  Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

  Read More »
• 16 September 2024 11:07 pm

  Canadian Dollar Weakens with CPI data around the corner

  

  As CAD traders braced themselves for a new batch of Canadian Consumer Price Index (CPI) inflation numbers due during the mid-week phase, the Canadian dollar lost ground at the beginning of the trading week, plunging into the low end on Monday across the major currency board. On Tuesday, the Bank …

  Read More »
• 16 September 2024 10:09 pm

  Rate Cut Looms Large as Some US Stocks Hover Near Fresh Records

  

  As the Federal Reserve prepares to announce its interest rate decision, financial markets worldwide are on tenterhooks. The Dow Jones Industrial Average, tantalizingly close to record highs, reflects the widespread anticipation for a significant rate cut. Investors hope this move will provide a much-needed boost to the faltering economy.Fed’s Looming …

  Read More »
• 16 September 2024 9:47 pm

  Explainer: Earnings The Real Catalyst For S&P 500’s Rebound

  

  As the Federal Reserve prepares to cut interest rates, investors are eagerly anticipating a broader market recovery. While the Fed’s actions will undoubtedly provide a supportive environment, it’s crucial to recognize that earnings growth is the true catalyst for the S&P 500’s rebound.Beyond Big Tech: A Broad-Based RallyWhile Big Tech …

  Read More »
• 16 September 2024 8:26 pm

  EUR/GBP Undergoes A Persistent Bearish Trend

  

  The EUR/GBP pair has been under sustained selling pressure, with recent price action reinforcing the bearish outlook. The pair’s failure to breach the 20-day Simple Moving Average (SMA) has served as a catalyst for further declines, indicating that sellers have maintained control of the market.The EUR/GBP pair is facing a …

  Read More »
• 16 September 2024 7:56 pm

  GBP/USD Maintains Bullish Outlook Ahead of Looming Fed Rate Cut

  

  The Pound Sterling’s Resurgence The Pound Sterling (GBP) has staged a remarkable comeback against the US Dollar (USD), surging to a five-day peak of 1.3214. This rally is primarily driven by the growing expectation that the Federal Reserve (Fed) will implement a substantial interest rate cut at its upcoming monetary …

  Read More »
• 16 September 2024 2:38 pm

  U.S. Stock Futures Hold Steady Ahead of Fed Meeting

  

  U.S. stock index futures saw minimal movement on Monday, as investors awaited a key Federal Reserve meeting expected to kick off a rate-cutting cycle. As of 5:50 AM ET (9:50 GMT), Dow Jones Futures rose 60 points (0.1%), S&P 500 Futures edged up by 3 points (0.1%), while Nasdaq 100 …

  Read More »
• 16 September 2024 12:27 pm

  European Stocks Slip as Traders Eye Fed’s Rate Decision and Key Economic Data

  

  European shares began the week on a cautious note, with the pan-European STOXX 600 index down 0.3% as of 0710 GMT on Monday. Traders are bracing for a highly anticipated rate cut by the U.S. Federal Reserve, with many expecting a larger-than-forecast reduction. All major European markets and most sector …

  Read More »