Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Yesterday, Microsoft Corporation unveiled its third-quarter financial results, surpassing analysts’ forecasts fueled by robust corporate demand for its cloud and artificial intelligence services. The tech giant reported earnings per share of approximately $2.94, exceeding the anticipated $2.82 per share. Similarly, Microsoft’s revenue climbed to $61.86 billion, surpassing expectations of around …

European stocks rallied on Friday, poised to conclude the week with gains, buoyed by robust earnings from major US technology firms, while ThyssenKrupp shares surged to their highest daily performance in 18 months. The European STOXX 600 index kicked off the session with a 0.5 percent uptick by 0717 GMT. …

The yen plummeted to its lowest level against the dollar in three decades on Friday following the Bank of Japan’s decision to maintain interest rates, heightening expectations among traders for potential intervention by Tokyo authorities to stabilize the currency. After the Bank of Japan announced its decision to keep short-term …

Oil prices rose on Friday, poised to conclude the week with gains after two consecutive weeks of losses, following optimistic remarks from US Treasury Secretary Janet Yellen regarding economic growth. Meanwhile, concerns over supply persisted amid the ongoing conflict in the Middle East. As of 0347 GMT, Brent crude futures …

Gold prices saw little change on Friday ahead of a crucial inflation report in the United States but were set to mark their first weekly decline in six weeks amid easing concerns of escalating conflict in the Middle East. Spot gold rose 0.1 percent to $2,334.57 per ounce by 0409 …

Before Friday’s release of PCE data, the USD Index (DXY) had already fallen to multi-day lows due to depressing GDP readings and higher inflation prints. This continued downward bias harmed the US Dollar. With rising yields and a prevailing appetite for risk, the USD Index (DXY) returned to the mid-105.00s. …

The Eurozone’s recovery from the recent downturn is largely due to the growth of the service sector, which has seen job creation accelerate. However, the region faces challenges in meeting the European Central Bank’s 2% target due to persistently high service prices driven by wages. The EU’s decision to stop …

The Dow Jones fell over 500 points on Thursday due to inflation complications and missed US GDP figures. The slowing growth is a positive for investors seeking an accelerated path towards rate cuts from the Federal Reserve, but sticky inflation continues to vex hopes for an early Fed rate trim. …

March is likely to see the Fed’s Personal Consumption Expenditures (PCE) index stay stubbornly high, since inflation has exceeded forecasts in every month this year but one. This further complicates forecasting. Fed officials have stated that before the central bank lowers interest rates, they need further assurance that inflation is …

US Treasury yields continued to rise since the beginning of daily trading on Thursday, with a boost from inflation readings that highlighted the continued rise in consumer prices in the United States.The reading of the Personal Consumption Expenditures Price Index (QoQ)(Q1), which is one of the links in a series …