The European Commission has granted Bristol Myers Squibb (NYSE: BMY) an expanded approval for its CAR-T cell therapy, Breyanzi, the biopharmaceutical company announced on Friday. Key Details of the Approval: New Indication: Breyanzi is now approved for treating adults with relapsed or refractory follicular lymphoma who have undergone at least …
Read More »
The Japanese yen weakened on Friday after concluding union wage negotiations, while the British pound edged lower following weak UK economic data. The US dollar managed to extend its rebound amid trade tensions, global slowdown fears, and geopolitical uncertainties. Key Currency Movements: 1. Japanese Yen Weakens After Wage Talks USD/JPY: …
Read More »
Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Ukraine conflict remains unresolved, limiting the prospect of increased Russian energy supplies. Key Oil Price Movements: Brent Crude Futures: $70.52/barrel, up 0.9% (+64 cents). West Texas Intermediate (WTI): $67.26/barrel, up 1.1% (+71 cents). Market Drivers: …
Read More »
Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-EU trade tensions and weaker-than-expected U.S. inflation data, which bolstered expectations of potential Federal Reserve rate cuts. Key Gold Price Movements: Spot Gold: $2,986.62/oz, after hitting a record high of $2,993.90/oz earlier. Gold Futures (April): …
Read More »
The US dollar is showing renewed strength, shaking off recent dips and climbing back above the 104.00 mark on the Dollar Index (DXY). This resurgence, fueled by rising US Treasury yields and escalating anxieties over a potential global trade war, is sending ripples across currency and commodity markets. The shift …
Read More »
A dramatic escalation in the ongoing trade dispute between the US and Europe has ignited, with the US administration threatening to impose a crippling 200% tariff on European alcoholic beverages. This move comes as a direct response to the European Union’s (EU) retaliatory tariffs on American spirits, marking a rapid …
Read More »
A significant downturn gripped the US stock market on Thursday, with the Dow Jones Industrial Average experiencing a sharp decline. This drop occurred despite promising inflation data, highlighting the market’s sensitivity to geopolitical factors and trade policy uncertainties. The day’s financial landscape was marked by a surprising contradiction. While …
Read More »
The cryptocurrency market is gripped by a palpable sense of unease, as Bitcoin and its brethren navigate a tumultuous sea of economic uncertainties. Fears of a significant Bitcoin crash, mirroring the volatility seen in traditional stock markets, have intensified, casting a long shadow over the entire digital asset landscape. The …
Read More »
Recent economic data indicates a stabilization of wholesale prices, offering a temporary reassurance about inflationary pressures. The Producer Price Index (PPI), a key indicator of wholesale inflation, remained flat in February, showing a year-over-year increase of 3.2%. This figure fell slightly below economists’ expectations, suggesting a slowdown in price hikes …
Read More »
Gold prices have ignited a spectacular rally, surging past previous records and brushing against the $3,000 threshold, a feat achieved despite the headwinds of a robust US dollar and elevated Treasury bond yields. In a display of raw bullish power, XAU/USD soared to an all-time high of $2,971 a troy …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
