Noor Trends News, Technical Analysis, Educational Tools and Recommendations
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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10 January, 2025 12:58 pm
European Markets Edge Lower as Investors Await U.S. Jobs Data
European stock markets traded slightly lower on Friday as investors exercised caution ahead of the r…
10 January, 2025 11:10 am
Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand
Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third conse…
10 January, 2025 10:42 am
Gold Prices Inch Higher Amid Rate and Trade Jitters, Copper Boosted by China Stimulus Hopes
Gold Market Highlights Gold Extends Weekly Gains Amid Uncertainty Spot gold rose 0.1% to $2,672.12 p…
10 January, 2025 3:20 am
What Can Markets Expect from December’s US Employment Data?
US employment data significantly influences market price movements. By examining preliminary employm…
9 January, 2025 9:59 pm
Loonie Declines Despite US Market Pause
The Canadian Dollar continued its downward spiral on Thursday, losing another 0.1% against the US Do…
9 January, 2025 8:45 pm
BoE’s Breeden: Some evidence of activity weakening, but we expect it to pick up again
Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stabi…
9 January, 2025 7:50 pm
Fed’s Harker Signals Continued Rate Cuts, But Urges Caution
Philadelphia Federal Reserve President Patrick Harker reiterated his belief that the U.S. central ba…
9 January, 2025 7:20 pm
Gold Prices Extend Rally Amid Rising Inflation Concerns
Gold prices extended their rally for a third consecutive day, surpassing $2,675, as investor concern…
9 January, 2025 5:21 pm
Oil Prices Edge Higher Amid Firm Winter Demand Expectations and Supply Concerns
Oil prices rose slightly on Thursday, with Brent crude and West Texas Intermediate (WTI) gaining 0.5…
Market Analysis
August, 2024
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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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23 August 2024 2:07 pm
Oil Prices Steady, Set for Weekly Decline Amid U.S. Demand Concerns and Ceasefire Talks
Oil prices remained stable on Friday but are poised to end the week lower due to concerns over weakening U.S. employment data and ongoing ceasefire discussions in Gaza, which eased fears of supply disruptions. Brent crude futures rose by 16 cents (0.2%) to $77.38 per barrel by 0642 GMT.U.S. West …
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23 August 2024 1:26 pm
Dollar Softens as Markets Await Powell’s Jackson Hole Speech; Yen Gains on Ueda’s Hawkish Remarks
The U.S. dollar weakened on Friday as traders prepared for Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium. Meanwhile, the Japanese yen led gains among major currencies after Bank of Japan (BOJ) Governor Kazuo Ueda reaffirmed his commitment to raising interest rates if inflation continues to …
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23 August 2024 12:45 pm
Japan’s Core Inflation Rises in July, But Slowing Demand Growth May Complicate BOJ’s Rate Decisions
Japan’s core inflation rate accelerated for the third consecutive month in July, according to data released on Friday, raising challenges for the Bank of Japan (BOJ) as it considers future interest rate hikes. The nationwide core Consumer Price Index (CPI), which excludes volatile fresh food items, rose 2.7% year-on-year, slightly …
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23 August 2024 12:30 pm
European Shares Hold Steady as Investors Await Powell’s Speech
European shares were largely flat on Friday as investors adopted a cautious stance ahead of a crucial speech by Federal Reserve Chair Jerome Powell, scheduled for later in the day. The pan-European STOXX 600 index edged up 0.1% to 516.28 points by 0709 GMT, maintaining gains after hitting its highest …
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23 August 2024 11:54 am
Gold Prices Edge Higher Amid Market Caution Ahead of Powell’s Speech
Gold prices rose in Asian trading on Friday, recovering slightly from a steep drop in the previous session. The yellow metal remained supported by cautious sentiment as markets awaited an important address by Federal Reserve Chair Jerome Powell later in the day, which is expected to provide more clarity on …
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23 August 2024 2:39 am
Market drivers; US Session, August 22
The US Dollar rebounded from its 2024 lows on Thursday as risk sentiment weakened. Rising US Treasury yields also supported the Greenback, ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole.Key Economic Events Federal Reserve Chair Powell’s Speech: The speech will provide insights into the Fed’s monetary policy …
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23 August 2024 2:20 am
Explainer: Are markets facing a looming debt crisis?
The United States, burdened by a staggering $28 trillion national debt, is facing a looming fiscal crisis. The increasing interest payments on this colossal debt, now surpassing defense spending, are a stark indicator of the nation’s precarious financial position. This escalating debt burden is a bipartisan legacy, with both recent …
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23 August 2024 1:31 am
Gold Price Retreats Amid Rising US Yields
Gold prices retreated from a record high of $2,531 as US Treasury yields rose, with the 10-year note up 6.5 basis points to 3.865%. This decline occurred despite dovish signals from the Federal Reserve.Gold prices declined amid rising US Treasury yields and a stronger US Dollar. While the Federal Reserve …
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23 August 2024 12:35 am
Why Do Markets Eagerly Await Powell’s Hints At Jackson Hole?
Fed Chair Jerome Powell is scheduled to deliver his most important speech of the year, raising concerns that the Fed may have delayed relieving pressure on the economy. In July, following the central bank’s decision to maintain interest rates, Fed Chair Jerome Powell addresses reporters at a news conference. Most …
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22 August 2024 11:07 pm
The Dow’s Retreat: A Precursor to Powell’s Speech
The Dow Jones Industrial Average experienced a significant pullback on Thursday, August 22, 2024, as investors braced for Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Economic Symposium. The broader market, including the S&P 500 and Nasdaq Composite, also suffered losses, driven by rising bond yields …
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