Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Bank of Japan (BoJ) is holding a two-day meeting that will conclude on Friday, and it is expected that the central bank will extend the September deadline for the pandemic relief program. The expectation was made by former BoJ board member, Makoto Sakurai, who told Reuters on Monday that …

Markets are awaiting the outcomes of the upcoming Federal Reserve meeting, with the policy update coming with additional importance as it follows the recent surge in consumer prices. Investors will closely examine the monetary policy statement and its view on the inflation rate, which recorded 5% in May, as shown …

The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with Wall Street investors anticipating the outcomes of the next Federal Reserve policy meeting. The S&P 500 and Nasdaq Composite indices closed at new record highs, with the latter rising for the sixth time in …

Oil prices showed a mixed performance on Monday, amid expectations for the recovery of global demand during the second half of the year. Brent crude futures for August delivery rose by 17 cents, or 0.23%, to close at $72.86 per barrel. The global benchmark has now maintained a rising trend …

The European Union (EU) launched on Monday the sale of the first bond backing its massive COVID-19 recovery fund, Reuters reported. The aim is to provide the needed finances to member countries, providing aid in combating the pandemic. A 10-year bond represents the beginning of an expected EUR 800 billion …

Gold prices declined on Monday, opening the week with a negative performance as the downward trend continued despite the mixed performance by the U.S. Dollar (USD). This marked the second consecutive daily loss for the yellow metal most-active contracts, which settled at their lowest level since May 14, amid a …

European stocks closed higher on Monday, starting the week with a positive performance amid anticipation for the upcoming U.S. Federal Reserve meeting. The STOXX Europe surged by 0.25%, with oil stocks leading gains and adding 2%. The pan-European index recorded its fourth consecutive weekly rise last week. Meanwhile, the French …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming U.S. Federal Reserve meeting. Federal Reserve Last week, we saw clear market movements following the release of inflation data in the United …

Consumers in the United States expect an economic boom in 2022, the results of the Federal Reserve Bank of New York’s monthly survey showed. The May survey results also showed higher expectations for inflation, home prices, earnings, and employment. Median expectations for inflation next year continued to rise for the …

Bitcoin surged above $40,000 on Monday, after fresh swings over the weekend following tweets from Tesla CEO Elon Musk, who responded to criticism over his impact on the market and said that Tesla has sold its bitcoins but may resume trading with it. Bitcoin has wobbled at Musk’s views for …