Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Wall Street is rejoicing on the latest comments by Jerome Powell. The S&P 500 has gained the first day in four following significantly dovish comments by Fed’s Jerome Powell confirming that the US Fed will slow the pace of its hawkish rate-hiking that impacted financial and exchange markets.The broad index …

In his first public appearance and remarks on the US economy since the post-FOMC policy decision press conference on November 2, where he warned of a higher terminal rate, Fed chair Jerome Powell said on Wednesday that it would “make sense to moderate pace of interest rate hikes”.Since the November …

European markets closed higher on Wednesday as November has proved to be a month with robust performance while regional investors reacted to the latest inflation data from the Eurozone for the month.Stoxx 600 closed up 0.6%, adding monthly gains of around 6.1%. Household goods added 2.3% to represent the leading …

Fed’s Lisa Cook, who before said the US central bank is focused on addressing inflation that is “much too high”, reiterated on Wednesday that inflation is still too high.Cook noted that it could soon be “time for the US central bank to take its foot off the gas when it …

The US dollar is sliding lower following jobs data in November that missed expectations before a highly awaited speech by Fed Chair Jerome Powell. The dollar index added to earlier losses after the ADP National Employment reading indicating that US private payrolls increased far less than expected in November, suggesting …

The Dow Jones Industrial Average fell on Wednesday as Wall Street is walking through ponds of economic data and investors await this afternoon speech on the US economy by Fed Chair Jerome Powell. Powell will give his speech before Brookings Institute.The Bureau of Economic Analysis reported that GDP increased at …

US JOLTS Job Openings discreetly retreated in October. The number of job openings fell to 10.3 million on the last business day of October versus the previous reading of 10.7 million in September according to the US Bureau of Labour Statistics in its Job Openings and Labour Turnover Summary (JOLTS) …

The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 127,000 in November. This reading came in weaker than the market expectation for an increase of 200,000. The publication further revealed that annual pay was up 7.6% yearly in November. …

Gold prices rose on Wednesday, on their way to recording the largest monthly increase in more than two years, while investors await the speech of Federal Reserve Chairman Jerome Powell, seeking any indications on the path of the US central bank’s monetary policy. Spot gold rose 0.6 percent to $1,760.56 …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) eased sharply to 10.0% in November vs. October’s 10.6%, the latest data published by Eurostat showed on Monday. The market forecast was for a 10.4% print. The core figures steadied at 5.0% YoY in November when compared to 5.0% expectations and …