European indices displayed mixed performance at the outset of trading on Tuesday, April 30, as investors kept a close watch on the earnings reports of European companies and banks, while also anticipating the upcoming US Federal Reserve meeting. In trading, the STOXX600 index edged down by less than 0.1% to …
Read More »
Oil prices experienced a decline in early trading on Tuesday as ceasefire discussions between Israel and Hamas in Cairo provided a sense of relief, easing concerns about the escalation of conflict in the Middle East. However, apprehensions regarding the outlook for US interest rates weighed on the market sentiment. By …
Read More »
The US dollar started the week on the back foot in a week where interest rate cut bets by the Fed would be in the focus of interest amidst the FOMC event and the release of Non-farm Payrolls data for April.The US dollar lost Friday’s gains due to the yen’s …
Read More »
At a Euro 50 Group meeting on Monday, European Central Bank (ECB) Vice-President Luis de Guindos highlighted the ECB’s progress on inflation, but pulled back from making any clear projections on the pace of rate cuts.Key QuotesExpects consumer spending to strengthen.Economic activity is improving, albeit gradually.Not pre-committing to a particular …
Read More »
US stocks rose on Monday, extending last week’s rally into a week that is remarkably busy with corporate earnings, employment data, and a Federal Reserve policy meeting. The Dow Jones Industrial Average and Nasdaq Composite each gained 0.4%, while the S&P 500 rose 0.3%. Tesla (TSLA) shares soared after Elon …
Read More »
The price of Bitcoin, the most well-known cryptocurrency worldwide, is under pressure as it approaches $60,000. As of this writing, Bitcoin is trading at $62,727, down -1.88% from its peak. The Federal Reserve is the focus of attention in the cryptocurrency market this week due to the highly anticipated FOMC …
Read More »
The US Dollar Index (DXY) has fallen to 105.70, with the Bank of Japan’s intervention causing a slight drop in the dollar’s value. However, the dollar’s rally is expected to continue due to monetary policy divergence favoring the US Dollar and the anticipation of a hawkish hold from the forthcoming …
Read More »
The EUR/GBP exchange rate has fallen back into its several-month range. It is falling to the floor of the range, where it will probably find firm support. Based on the range’s height, a decline would trigger downside objectives.After experiencing five straight days of declines, the EUR/GBP pair is now trading …
Read More »
The EUR/USD is struggling to maintain gains above 1.0700 amid uncertainty ahead of key economic events, including the release of Eurozone’s CPI, Q1 GDP, and the Fed’s policy outlook. The European Central Bank is expected to start reducing key borrowing rates in June, with the release of preliminary data on …
Read More »
Oil prices fell in early Asian trading on Monday, giving up gains made on Friday, as peace talks between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Cairo eased fears of a widening conflict in the Middle East. US inflation data also reduced expectations of interest rate cuts soon. …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
