Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2024

• 20 May 2024 9:45 am

  Gold Prices Hit Record High Amid Middle East Tensions and Metal Market Rally

  

  Gold prices surged to a record high in Asian trade on Monday, driven by heightened geopolitical tensions in the Middle East and a broader rally across metal markets. The increased demand for safe haven assets reflected growing concerns over regional stability and potential escalation of conflicts. Spot gold climbed nearly …

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• 20 May 2024 9:18 am

  Asian Stocks Rise as Markets Cheer Chinese Stimulus and Tech Advances

  

  Most Asian stocks climbed on Monday, buoyed by stimulus measures from China and a robust performance in tech-heavy indexes as investors positioned themselves ahead of key earnings reports this week. Wall Street Influence and Fed Expectations Regional markets largely built on gains from last week, driven by softer U.S. inflation …

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• 20 May 2024 4:36 am

  Financial Markets Weekly Recap: Gold prices, US stocks surge amid rate speculations

  

  In the face of geopolitical events and macroeconomic variables, the financial scene is nevertheless dynamic. Wall Street’s risk appetite persisted despite high rates, as evidenced by the performance of the Dow Jones Index and gold. While Bitcoin saw brief fluctuations, oil prices stayed steady. The US Dollar Index had a …

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• 18 May 2024 12:31 am

  Walmart’s Strong Earnings and High-End Customer Base

  

  Walmart recently revealed first-quarter fiscal earnings that were higher than anticipated. During the quarter, Walmart saw an astounding 22% increase in internet sales. High-end consumers who resorted to internet shopping—households making over $100,000 annually—were a major factor in this growth. This particular customer category was drawn to Walmart due in …

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• 17 May 2024 10:47 pm

  Dow Jones marginally rises on quiet Friday trading

  

  With a marginal increase, Dow Jones seems unchanged on quiet Friday, although it was still significantly below its recent record highs. Record stock gains fueled by expectations of a rate cut may not last long. Fed policymakers are still a major selling factor for the markets. As the markets conclude …

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• 17 May 2024 9:14 pm

  US Dollar Seems Neutral Amid Cautious Remarks By Fed Policymakers

  

  As of right now, the US dollar index is trading at 104.50, indicating a neutral performance (DXY). Strong data growth in the second quarter (Q2) and the cautious language used in the Federal Reserve’s policymakers’ most recent remarks, remarks, and statements are the reasons for the current stability.US Economy’s Q2 …

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• 17 May 2024 7:46 pm

  GBP/USD Rallies as bulls aim for YTD high

  

  During the North American session on Friday, the GBP/USD pair recovered from its losses on Thursday and reached a new weekly high. The 100-DMA and important resistance at 1.2631/34 have been breached, according to the technical forecast.A decline below 1.2630 may expose 1.2500 and the 200-DMA at 1.2539, while buyers …

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• 17 May 2024 7:15 pm

  Weaker Canadian Dollar May Not Stop BoC’s Divergence From Fed’s Path

  

  In order to prevent a falling currency that could jeopardize the outlook for inflation, the Bank of Canada is prepared to lower interest rates three times before the Federal Reserve takes its initial action. Investors are debating whether or not the Bank of Canada would deviate from its American counterpart …

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• 17 May 2024 1:42 pm

  Bitcoin Reverses Gains Amid Fed Warnings on Interest Rates

  

  Bitcoin prices dipped slightly on Friday, erasing some of the gains seen in the past two days as caution prevailed following warnings from Federal Reserve officials about the possibility of interest rate cuts this year. The world’s largest cryptocurrency remained firmly within a tight trading range of $60,000 to $70,000 …

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• 17 May 2024 11:38 am

  European Stocks Edge Lower Ahead of Key Inflation Data

  

  European stock markets retreated slightly on Friday, as investors awaited crucial inflation data amidst ongoing uncertainty over future interest rate decisions. At 03:10 ET (07:10 GMT), Germany’s DAX index traded 0.2% lower, France’s CAC 40 slipped 0.1%, and the UK’s FTSE 100 dropped 0.1%. Anticipation Builds for Eurozone CPI Release …

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• 17 May 2024 10:33 am

  Dollar Faces Largest Weekly Drop Against Euro in Over Two Months Amid Cooling U.S. Inflation and Economic Slowdown

  

  The dollar is on track for its biggest weekly decline against the euro in two and a half months, as signs of cooling U.S. inflation and a softening economy have raised the likelihood of upcoming rate cuts by the Federal Reserve. Euro Gains on Dollar Weakness The euro has surged …

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• 17 May 2024 9:59 am

  Gold Prices Dip Amid Fed Officials’ Cautious Stance, but Weekly Gains Persist

  

  Gold prices saw a slight decline on Friday, trimming some of the week’s gains, as Federal Reserve officials provided a more cautious outlook on potential interest rate cuts. Gold Retreats Amid Fed Caution Gold had surged close to $2,400 an ounce earlier in the week following softer U.S. economic data. …

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• 17 May 2024 9:30 am

  Asian Markets Retreat Amid Fed Warnings and Mixed Chinese Data

  

  Asian stock markets faced declines on Friday as a series of warnings from Federal Reserve officials caused investors to reassess expectations of interest rate cuts, coupled with mixed economic data from China that heightened caution. Asian markets took a cue from Wall Street, where U.S. stock benchmarks closed lower after …

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