Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Adobe (Nasdaq: ADBE) delivered a mixed bag of results in its third fiscal quarter of 2024. While the company reported strong top-line growth and record-breaking revenue, a cautious outlook for the fourth quarter sent its stock tumbling. A Strong Quarter, but a Cautious Outlook The software giant’s Q3 revenue surged …

The Canadian Dollar remained relatively unchanged on Thursday, continuing its recent sideways trend. Domestic economic indicators, including a rise in Canadian Building Permits, were overshadowed by the anticipation of a Federal Reserve interest rate cut.The U.S. Producer Price Index (PPI) data, while mixed, did not significantly alter market expectations for …

On Thursday, the price of gold hit yet another record high as investors became increasingly optimistic about the future decline in global interest rates. With the second rate cut in three months by the European Central Bank (ECB), the spot price of gold soared to $2,567 per troy ounce, up …

The US Dollar has experienced a downward trend in recent sessions, primarily driven by weaker-than-expected labour market and inflation data. This decline reflects a shift in market sentiment as investors reassess the Federal Reserve’s monetary policy stance and the overall health of the US economy.Softening Labour MarketThe latest labour market …

The Dow Jones Industrial Average (DJIA) closed higher on Thursday, following a late-day surge. This rally was primarily driven by a softer-than-expected US Producer Price Index (PPI) report, which eased concerns about inflationary pressures and reinforced expectations for an imminent interest rate cut by the Fed. PPI Inflation Moderates: The …

The EUR/GBP exchange rate has been caught in a state of flux, with bearish sentiment tempered by recent signs of stabilization. While the overall technical outlook remains tilted to the downside, there is evidence that the selling pressure may be easing.The Relative Strength Index (RSI) has crept above the oversold …

The European Central Bank (ECB) announced significant rate cuts on Thursday in response to mounting concerns over economic slowdown in the Eurozone. The ECB lowered its key interest rates across the board, signaling a shift towards more accommodative monetary policy. The interest rate on the marginal lending facility was reduced …

Oil prices surged nearly 2% on Thursday, extending gains from the previous session, as concerns over Hurricane Francine’s impact on U.S. oil production lifted the market. However, a pessimistic outlook on global demand, particularly from China, tempered further price increases. Brent crude futures for November delivery rose by $1.24, or …

European shares rose 1% on Thursday, buoyed by a strong performance in technology stocks, as investors awaited the European Central Bank’s (ECB) highly anticipated policy decision later in the day. A 25-basis-point rate cut is widely expected, with markets looking for further guidance on potential additional cuts later this year. …

The U.S. dollar traded near a four-week high against the euro on Thursday, bolstered by signs of persistent inflation in the U.S., which dampened expectations of a larger-than-expected interest rate cut by the Federal Reserve next week. Traders have scaled back their bets on a 50-basis point (bp) cut, now …