Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 18 November 2024 8:22 pm

  Explainer: Why Has Fed’s Powell Declared “No Rush for Rate Cuts”

  

  Following the election, stock indices on Wall Street saw a sharp rally, while 10-year Treasury rates increased, a sign of declining prices. The momentum changed last week, though, when Governor Adriana Kugler and Federal Reserve Chair Jerome Powell warned against anticipating dramatic rate cuts. According to Powell, the US economy …

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• 18 November 2024 7:20 pm

  EUR/USD Bounces Back Amid Rate Speculations, Rising Trade War Fears

  

  As investors look for fresh clues about possible interest rate moves by the Fed and ECB in December, EUR/USD has gained ground and is now trading close to 1.0550. There is no pressing need to lower interest rates, Fed Chair Jerome Powell stressed. Investor anxiety over a trade war between …

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• 18 November 2024 5:06 pm

  U.S. Dollar Eases Slightly from One-Year High as Market Awaits Fed Commentary

  

  The U.S. dollar retreated modestly on Monday from a one-year high, entering a week with few significant economic data releases but multiple Federal Reserve speeches. At 04:50 ET (09:50 GMT), the Dollar Index, which measures the greenback against six major currencies, dipped 0.1% to 106.497, slightly off the peak of …

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• 18 November 2024 5:05 pm

  Gold ignores US Retail Sales DataDollarGold ignores US Retail Sales Data

  

  Gold prices experienced a strong rebound on Monday, rising around 1% following last week’s losses, as the U.S. dollar rally showed signs of slowing. The precious metal gained ground amid anticipation of comments from Federal Reserve officials, which are expected to provide clues on future interest rate decisions. As of …

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• 18 November 2024 1:58 pm

  European Shares Decline Amid Real Estate and Tech Weakness; Investors Eye ECB Guidance

  

  European shares slipped on Monday, marking further losses in the wake of recent setbacks. The STOXX 600 index dropped 0.2% by 0909 GMT, extending concerns from a four-week losing streak. This decline, the longest in 2.5 years, was fueled by disappointing earnings, rising Treasury yields, and uncertainty over U.S. President-elect …

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• 18 November 2024 1:14 pm

  Oil Prices Rise Amid Russia-Ukraine Tensions, but Demand Concerns Linger

  

  Oil prices saw a slight uptick on Monday as intensifying conflict between Russia and Ukraine over the weekend raised supply worries, although market gains were capped by concerns about fuel demand in China and expectations of a global oil surplus. By 0502 GMT, Brent crude futures increased by 29 cents, …

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• 18 November 2024 4:55 am

  Markets’ Weekly Recap: Stronger US dollar dominates performance of key assets

  

  Easing labour market conditions are expected to encourage the Fed to deliver a third interest rate cut next month, even as progress in lowering inflation has stalled. Markets now see a 76% probability of a 25-basis-point rate cut by the Fed in December. Gold has plunged over $170 following the …

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• 16 November 2024 12:16 am

  Dow erases recent gains, declines over 350 points

  

  The Dow Jones Industrial Average suffered a significant setback on Friday, plummeting over 350 points and erasing much of the recent post-election rally. This sharp decline reflects growing investor concerns about the economic outlook and potential policy shifts. A key factor contributing to the market’s downturn was the release of …

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• 15 November 2024 11:34 pm

  Fed’s Goolsbee: The Fed needs to focus on longer trends

  

  Federal Reserve Bank of Chicago President Austan Goolsbee noted on Friday that markets tend to overreact to interest rate changes and that the Fed should maintain a slow and steady approach to reaching the neutral rate.Key QuotesIn regards to a December rate cut or pause. I don’t like tying our …

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• 15 November 2024 9:05 pm

  Fed’s Collins sees no urgency to cut US interest rates

  

  Federal Reserve Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December.Key QuotesThere’s no preset path for monetary policy.The economy is in a very …

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• 15 November 2024 8:26 pm

  Wall Street loses ground after Powell urges caution on rate cuts

  

  Wall Street’s main indexes fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to rush interest rate cuts, pushing up U.S. Treasury yields and pressuring equities. Powell pointed to ongoing economic growth, a solid job market, and inflation above the Fed’s 2% target as reasons …

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• 15 November 2024 7:32 pm

  US Dollar Rallies as Fed Hints at Rate Pause, Geopolitical Tensions Rise

  

  The US Dollar surged on Friday, extending its winning streak to six consecutive days. This rally was primarily fueled by a shift in market sentiment following comments from Federal Reserve Chair Jerome Powell, who tempered expectations of an imminent interest rate cut.Powell’s hawkish tone, emphasizing the strength of the US …

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• 15 November 2024 6:52 pm

  Gold ignores US Retail Sales Data

  

  Gold prices remained relatively unchanged on Friday, showing resilience despite the release of Retail Sales data in the United States. The precious metal, which had dipped to a two-month low the previous day, found support near its 100-day Simple Moving Average (SMA).While US Retail Sales data indicated continued consumer spending, …

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