Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2024

• 26 August 2024 6:57 pm

  Explainer: How ‘Soft-Landing’ and Stock Performance Correlate

  

  As interest rate cuts become closer, investors are closely watching economic data to assess whether the “soft landing” scenario that has supported U.S. stock performance in 2024 can continue.Fed Chair Jerome Powell recently signaled an impending reduction in interest rates. The process is expected to begin next month with a …

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• 26 August 2024 2:59 pm

  U.S. Stock Futures Edge Higher Amid Anticipation of Key Earnings and Inflation Data

  

  U.S. stock index futures showed slight gains on Monday morning, as the markets appeared to take a breather following a robust performance last week. Investors are cautiously optimistic, bolstered by the expectation of a potential rate cut from the Federal Reserve in September. However, the upcoming week promises to be …

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• 26 August 2024 12:26 pm

  European Shares Hold Steady Ahead of Key Economic Data

  

  European stocks remained subdued on Monday, with the pan-European STOXX 600 index trading flat at 518.22 by 0708 GMT. The market is cautiously awaiting a series of significant economic reports throughout the week, which could influence investor sentiment and market movements. Market Overview:The STOXX 600 index remained steady after touching …

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• 26 August 2024 11:01 am

  Bitcoin Dips as Weekend Rally Fizzles, But Rate Cut Optimism Supports Market

  

  Bitcoin’s price experienced a slight decline on Monday, as a weekend rally lost momentum. Despite this pullback, optimism over potential interest rate cuts has kept the cryptocurrency near a one-month high. Bitcoin’s Performance:The price of Bitcoin fell 0.3% to $63,952.7 by 01:59 ET (05:59 GMT).The cryptocurrency had surged over the …

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• 26 August 2024 10:07 am

  Asian Shares Edge Higher Amid Geopolitical Tensions and Rate Cut Hopes

  

  Asian shares cautiously moved higher on Monday, supported by a decline in the dollar and bond yields as investors anticipated key inflation data that could signal upcoming rate cuts in both the United States and Europe. However, lingering concerns over geopolitical tensions in the Middle East and upcoming corporate earnings …

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• 26 August 2024 9:01 am

  Oil Prices Rise Amid Ongoing Israel-Hamas Conflict and Fed Rate Cut Optimism

  

  Oil prices increased in Asian trading on Monday, continuing their rebound from the previous session. The ongoing conflict between Israel and Hamas showed no signs of a ceasefire, while comments from Federal Reserve Chair Jerome Powell fueled expectations of a September interest rate cut, further supporting oil prices. Brent crude …

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• 26 August 2024 7:18 am

  Financial Markets’ Weekly Recap: What’s Next for USD After Jackson Hole?

  

  Financial Markets’ Weekly Recap: A couple of events were the most important in global financial markets last week; the FOMC Minutes last July and the statements of the Fed Chairman Jerome Powell at the Jackson Hole Symposium. Both were in favor of risk appetite after they tipped the scales towards …

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• 24 August 2024 4:30 am

  Oil Prices Rebound Following Powell’s Speech Amid Stubborn Uncertainty

  

  Oil prices saw a modest increase on Friday, extending gains from the previous day and snapping a losing streak for the week. However, the rebound could be short-lived as concerns over demand and a potential supply surplus loom large.OPEC finds itself in a challenging position. Adhering to their previous production …

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• 23 August 2024 11:49 pm

  Gold Prices Surge Following Powell’s Signals

  

  In a highly anticipated speech at the Jackson Hole Central Bank Symposium, Federal Reserve Chair Jerome Powell indicated that it’s time to adjust monetary policy. He highlighted reduced inflation risks and growing concerns about the labor market. As a result, the gold market experienced significant buying, with December gold futures …

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• 23 August 2024 10:57 pm

  Canadian Dollar Rallies on Fed Rate Cut Signal

  

  The Canadian Dollar (CAD) experienced a significant surge against the US Dollar (USD) on Friday, August 23, 2024. This rally was primarily driven by the Federal Reserve’s indication of a potential rate cut cycle, which weakened the Greenback.Despite a mixed performance in Canadian retail sales data, the market’s focus shifted …

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• 23 August 2024 9:56 pm

  Signal for Looming Fed’s Rate Cut Boosts Market Confidence

  

  The U.S. stock market experienced a significant uptick on Friday, August 23, 2024, following Federal Reserve Chair Jerome Powell’s indication of potential interest rate cuts in the near future. This positive sentiment was evident in the performance of the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, which all …

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• 23 August 2024 5:39 pm

  Obviously Dovish Fed Chair Hints: It’s Time For Interest Rate Cut

  

  Despite his refusal to give precise timing or extent hints, Fed Chair Jerome Powell set the foundation for future interest rate reductions on Friday. During the Fed’s annual retreat in Jackson Hole, Wyoming, the Chair of the Board of Directors declared, “The time has come for policy to adjust.” This …

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• 23 August 2024 2:51 pm

  U.S. Stock Futures Rise as Markets Eye Powell’s Jackson Hole Speech

  

  U.S. stock index futures climbed on Friday, rebounding from the losses seen in the previous session, as investors await Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Symposium for more insights into the Fed’s interest rate plans. Dow Jones Futures rose 145 points (0.4%) at 06:15 ET (10:15 …

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