How have US Stocks Reacted to the FOMC Decision? The Federal Reserve’s recent decision to lower interest rates has sent ripples through the financial markets, sparking a surge in stock prices. While the move has initially been welcomed by investors, its long-term implications remain uncertain.
Mohamed Hashad
For investors who anticipated a smooth 2024, last week painted a different picture of the market. The week started with a sharp drop in the Dow Jones on Monday, sparking a wave of negative headlines predicting further losses. The following days were marked by wild swings, including some sharp gains. However, by the week’s end, […]
Mohamed Hashad, Chief Market Strategist, Noor Capital A second Donald Trump presidency after the election on November 5th would be generally negative for the oil market, albeit it would probably have a limited impact. Even while Trump seems to have a more pro-oil and gas agenda than a Democratic contender, it would take a year […]
Mohamed Hashad, Chief Market Strategist, Noor Capital US Stock Market Reels Following Disappointing Earnings Nasdaq has been taken by a storm. The tech-heavy Nasdaq Composite is going through a major direction change. On Wednesday, the Index saw its worst day since December 2022 as a perfect storm of worsening economic indicators and Megacap Tech companies’ […]
Gold prices reached a record high and soared by more than 1.93% on Tuesday. Please find below a detailed report by Mohamed Hashad, Chief Market Strategist, at Noor Capital. Gold Sets New Record High on US Rate Cut Hopes Gold prices soared by more than 1.93% on Tuesday, fueled by intensifying expectations for a US interest rate […]
Throughout the week ending June 21, the market’s attention was fixated on the Federal Reserve’s future interest rate decisions. Investor focus centred on everything influencing interest rate expectations, including economic data releases, developments within the US economy, and statements from the Federal Reserve itself. Last week saw the release of several key sets of US
Fed Chairman Jerome Powell noted that the revised forecast is a conservative approach and left open the possibility of additional rate reduction. Federal Reserve officials released a startling change to their estimates for the number of interest rate cuts this year. Following the two-day monetary policy meeting in Washington on Wednesday, policymakers released updated
The financial markets displayed a mixed performance this past week, as investors navigated a confluence of economic data, central bank policy updates, and ongoing geopolitical tensions. While some sectors thrived, others took a backseat, reflecting the underlying uncertainty about the future trajectory of the global economy. Equity Markets Take a Breather Following a
Based on recent signals from central bank officials that the economy qualifies monetary authorities for this option, the ECB is widely expected to cut rates at its meeting, on Thursday, June 6. If this forecast comes to pass, it will be the first European cut for lending interest since 2016 and the first in interest […]
The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action, CPI OverviewApril’s CPI report is […]
Since mid-April 2024, the global oil market has been in a tug of war mode, with remarkable fluctuations, as prices continued to swing and reacted to upward and downward pressures. To understand this volatility, it is essential to refer to reliable data and stay informed on global developments and the key factors that directly or […]