Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2024

• 27 August 2024 9:44 am

  Oil Prices Retreat After 7% Surge Amid Middle East and Libyan Supply Concerns

  

  Oil prices took a step back on Tuesday, following a sharp rally that saw them rise by more than 7% over the previous three sessions. The recent surge was driven by heightened concerns over potential supply disruptions in the Middle East and Libya, prompting traders to reassess the situation. Market …

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• 27 August 2024 4:01 am

  Market Drivers; US Session, August 26

  

  The US Dollar Index (DXY) initially dipped to new lows near 100.50 on Monday but managed to reverse that decline later in the day, bouncing back toward the 101.00 barrier. Keep an eye on the Consumer Confidence gauge published by the Conference Board and the FHFA’s House Price Index on …

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• 27 August 2024 1:57 am

  Gold surges on Fed rate-cut wagers after Powell’s signals

  

  Following Powell’s remarks at Jackson Hole about possible policy easing in September, gold prices surged. Powell mentions labour market-linked concerns as well as inflation management; while some Fed officials reiterate forecasts for rate cuts.US durable goods orders increased 9.9% in July, indicating a robust economy; tensions in the Middle East …

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• 27 August 2024 12:53 am

  US dollar recovers on quiet trading week’s start

  

  The US dollar bounces back after falling on Friday as a result of Powell’s dovish comments. The market expects a 100 basis point ease by year-end and a 200 basis point ease overall over the next 12 months. Later this week, PCE figures will come into focus. The US Dollar …

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• 27 August 2024 12:02 am

  Dow Jones Hits New Record High on Thin Volumes

  

  Dow Jones Industrial Average (DJIA) reached a new all-time high of 41,419.65 on Monday, despite a generally quiet trading day. This follows a significant surge last week after the Federal Reserve signaled a potential rate cut in September.Investors are still digesting the impact of the Federal Reserve’s comments, which indicated …

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• 26 August 2024 10:48 pm

  T-Yields struggle to hold firm amid rate cut speculations

  

  US Treasury yields are attempting to hold firm in the face of expectations for interest rate cuts. Yields on US government bonds are trying to withstand the rising expectations of interest rate cuts next month, supported by optimism that has prevailed in the markets since the statements of Mary Daly, …

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• 26 August 2024 9:50 pm

  WTI Oil Extends Recovery Amid Libya Production Halt

  

  WTI’s recovery above $76.50 reflects a delicate balance between supply risks and market dynamics. Geopolitical tensions in Libya, coupled with broader economic factors, continue to shape the oil landscape. As investors keep a close eye on developments, the WTI price remains susceptible to sudden shifts.West Texas Intermediate (WTI), a crucial …

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• 26 August 2024 8:44 pm

  Top US General Warns of Broader Middle Eastern War

  

  US Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, recently stated that the risk of a broader Middle East conflict has somewhat diminished after Israel and Lebanon’s Hezbollah engaged in an exchange of fire without further escalation. However, General Brown also warned that Iran still poses …

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• 26 August 2024 6:57 pm

  Explainer: How ‘Soft-Landing’ and Stock Performance Correlate

  

  As interest rate cuts become closer, investors are closely watching economic data to assess whether the “soft landing” scenario that has supported U.S. stock performance in 2024 can continue.Fed Chair Jerome Powell recently signaled an impending reduction in interest rates. The process is expected to begin next month with a …

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• 26 August 2024 2:59 pm

  U.S. Stock Futures Edge Higher Amid Anticipation of Key Earnings and Inflation Data

  

  U.S. stock index futures showed slight gains on Monday morning, as the markets appeared to take a breather following a robust performance last week. Investors are cautiously optimistic, bolstered by the expectation of a potential rate cut from the Federal Reserve in September. However, the upcoming week promises to be …

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• 26 August 2024 12:26 pm

  European Shares Hold Steady Ahead of Key Economic Data

  

  European stocks remained subdued on Monday, with the pan-European STOXX 600 index trading flat at 518.22 by 0708 GMT. The market is cautiously awaiting a series of significant economic reports throughout the week, which could influence investor sentiment and market movements. Market Overview:The STOXX 600 index remained steady after touching …

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• 26 August 2024 11:01 am

  Bitcoin Dips as Weekend Rally Fizzles, But Rate Cut Optimism Supports Market

  

  Bitcoin’s price experienced a slight decline on Monday, as a weekend rally lost momentum. Despite this pullback, optimism over potential interest rate cuts has kept the cryptocurrency near a one-month high. Bitcoin’s Performance:The price of Bitcoin fell 0.3% to $63,952.7 by 01:59 ET (05:59 GMT).The cryptocurrency had surged over the …

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• 26 August 2024 10:07 am

  Asian Shares Edge Higher Amid Geopolitical Tensions and Rate Cut Hopes

  

  Asian shares cautiously moved higher on Monday, supported by a decline in the dollar and bond yields as investors anticipated key inflation data that could signal upcoming rate cuts in both the United States and Europe. However, lingering concerns over geopolitical tensions in the Middle East and upcoming corporate earnings …

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