Noor Capital

NEWS DESK

Reading Between the Lines in Jerome Powell’s Recent Testimony

News Desk 2 11/07/2024

Federal Reserve Chair Jerome Powell’s recent testimony before the House Financial Services Committee and the Senate Banking Committee was closely watched by investors, economists, and policymakers. As the U.S. economy faces a delicate balancing act between inflation, employment, and financial

NEWS DESK

Gold consolidates ahead of US inflation data

News Desk 2 10/07/2024

Following Powell’s Senate testimony, which suggests a cautious approach to rate cuts, gold prices jump beyond $2,360. Although DXY gains 0.14%, the rate on the US 10-year Treasury increases to 4.296%. During Tuesday’s North American session, gold prices marginally increased following remarks made by Federal Reserve Chair Jerome Powell before the US Senate Banking

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Political uncertainty boosts case for ECB’s September interest rate cut

News Desk 2 10/07/2024

Following the relatively data-insensitive June rate cut, European Central Bank (ECB) speakers have stood firm on the message of data-dependency. Next week’s ECB meeting likely to take stock of the available data and compare it to the latest forecast. Possible rate cut in September Following the relatively data-insensitive June rate cut, ECB speakers have stood […]

NEWS DESK

How markets have reacted to FOMC minutes

News Desk 2 04/07/2024

The minutes of the Fed’s June meeting were made public, and they contained a plethora of signals that the markets interpreted differently with regard to the factors influencing the federal rate’s future trajectory. “Most monetary policymakers in the meeting of the Central Bank’s Board of Governors on June 11 and 12 last see that economic […]

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How can France Early elections influence the Euro’s performance?

News Desk 2 03/07/2024

The far-right in France is on the rise, according to the results of Sunday’s early elections. Marine Le Pen, the National Rally Party’s initial opponent of French President Emmanuel Macron in the previous presidential election, is leading this movement. Without a doubt, the success of this political movement would give rise to several worries about […]

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Traders closely watch Fed’s signals

News Desk 2 01/07/2024

Gold, DXY, T-Yields Gold prices have seen a steady trading range of around $30 for each ounce in the spot market, with a potential pickup of 4% in 2024’s second quarter. This week’s macroeconomic data was light, and gold had a mild week of trading despite some expectations of volatility. Spot prices remained at or […]

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𝗪𝗵𝘆 𝗶𝘀 𝗨𝗦𝗗/𝗝𝗣𝗬 𝗳𝗹𝗮𝘀𝗵𝗶𝗻𝗴 𝗥𝗲𝗱 𝘄𝗮𝗿𝗻𝗶𝗻𝗴 𝗹𝗶𝗴𝗵𝘁𝘀?

News Desk 2 27/06/2024

Japanese Yen nosedives after Kanda’s bleak response. Masato Kanda, the Japanese Ministry of Finance’s Vice Minister of Finance for International Affairs, stated at 13:15 GMT that the government is closely monitoring the foreign exchange markets and will take necessary action as necessary. Earlier during the US trading session, the Japanese Yen was trading around 160.66.

NEWS DESK

𝗨𝗦 𝗦𝘁𝗼𝗰𝗸𝘀 𝗠𝗶𝘅𝗲𝗱 𝗮𝘀 𝗡𝘃𝗶𝗱𝗶𝗮 𝗥𝗲𝗯𝗼𝘂𝗻𝗱𝘀, 𝗧𝗲𝗰𝗵 𝗟𝗲𝗮𝗱𝘀 𝗚𝗮𝗶𝗻𝘀

News Desk 2 26/06/2024

Mixed performance was the expression that best describes Tuesday’s US stock market. The S&P 500 had a little increase, but the tech-heavy Nasdaq Composite saw a roughly 1% increase. Still, the Dow Jones Industrial Average dropped by almost 1%. This uneven performance came after the IT industry, especially Nvidia, a major manufacturer of AI chips, […]

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Markets will focus on inflation data next week

News Desk 2 24/06/2024

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

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𝗦𝘁𝗲𝗿𝗹𝗶𝗻𝗴 𝗿𝗶𝘀𝗲𝘀 𝗮𝘀 𝗨𝗞 𝗖𝗣𝗜 𝗶𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝘀 𝗮𝗵𝗲𝗮𝗱 𝗼𝗳 𝗕𝗼𝗘 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻

News Desk 2 20/06/2024

As expected, UK inflation continues to fall following the release of economic data on Wednesday. This data pushed the pound sterling above 1.2700. However, steady growth in the UK services sector may lead the Bank of England to hold interest rates steady at its meeting today, June 19. Disappointing retail sales data weighed on the […]

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Fed does not rule out two rate cuts in 2024

News Desk 2 13/06/2024

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

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FOMC Decision Preview: Interest Rate Cut Still Uncertain

News Desk 2 12/06/2024

Amid uncertainty surrounding interest rate cut forecasts for the remainder of this year, the Fed meets for two days to discuss monetary policy. When this meeting ends on Wednesday, June 12, traders, analysts, and investors look forward to the decisions made there in the hope of learning additional signals on the central bank’s strategies to […]

NEWS DESK

Early French elections shake investors’ confidence in the economy

News Desk 2 11/06/2024

Financial markets were taken aback by French President Emmanuel Macron’s announcement to hold early elections, which has raised questions about his pro-business agenda and the country’s already precarious finances. Market reactions:Following the announcement of a sell-off of French assets on Monday, investors are requesting higher returns on French bonds than on German

NEWS DESK

Financial Markets’ Weekly Recap: Fed Policy, Market Sentiment, Jobs Data

News Desk 2 10/06/2024

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

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𝗪𝗵𝗮𝘁 𝗰𝗮𝗻 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗲𝘅𝗽𝗲𝗰𝘁 𝗳𝗿𝗼𝗺 𝗘𝗖𝗕’𝘀 𝗿𝗮𝘁𝗲 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻?

News Desk 2 06/06/2024

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 […]

NEWS DESK

What is behind speculations on the looming US economic slowdown?

News Desk 2 05/06/2024

As a result of recent weaker than expected US data, particularly from last week and the first two days of the current new trading week, worries and concerns have surfaced regarding the likelihood that the US economy could slide into a deep slowdown in the near future. Investors first thought that the recent data would […]

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𝗪𝗵𝘆 𝗵𝗮𝘃𝗲 𝘀𝗼𝗺𝗲 𝗼𝗳 𝗪𝗮𝗿𝗿𝗲𝗻 𝗕𝘂𝗳𝗳𝗲𝘁𝘁’𝘀 𝘀𝗵𝗮𝗿𝗲𝘀 𝗱𝗿𝗼𝗽𝗽𝗲𝗱 𝗯𝘆 𝟭𝟬𝟬%?

News Desk 2 05/06/2024

On the opening day of the new trading week, there were trading disruptions on the New York Stock Exchange due to a technical issue that resulted in the suspension of trading in certain blue-chip companies and large losses for other equities during Monday’s session. The most severely impacted company by this technological glitch was the […]

NEWS DESK

Weekly Recap: Global Markets Navigate Inflation Concerns, Policy Shifts, and Oil Uncertainty

News Desk 2 03/06/2024

As May draws to a close and June begins, financial markets worldwide find themselves at a critical juncture. Economic data reveals a mixed picture, with signs of easing inflation tempered by ongoing concerns about growth and the potential for further policy tightening. Central banks grapple with diverging paths, while oil prices remain sensitive to production […]

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Three factors behind soaring oil prices

News Desk 2 29/05/2024

Crude oil prices saw a noticeable surge, with the price of West Texas Intermediate crude exceeding the $80 per barrel barrier, Brent oil rose to more than $84.19 per barrel, while energy markets are closely watching recent developments in particular OPEC and its allies’ actions within the framework of OPEC +, In this comprehensive analysis, […]

NEWS DESK

Three Drivers Behind Euro’s Uptrend

News Desk 2 28/05/2024

The euro closed Monday’s trading higher rise, driven by an improvement in risk appetite across financial markets, fresh German economic data, in addition to some other factors related to monetary policy. Wall Street has seen intensive stock buying since the beginning of morning trading in the markets on the first day of trading in the […]