Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2024

• 30 May 2024 7:19 pm

  US inflation shows limited decline in Q1

  

  The personal consumption expenditures price index reading in the United States rose by 3.3% in the first quarter of 2024, versus a slightly larger rise of 3.4%, previous.The personal consumption expenditures index excluding food and energy prices in the United States recorded an increase of 3.6% in the first quarter …

  Read More »
• 30 May 2024 4:34 pm

  U.S. Futures Weaken on Treasury Yields and Fed Uncertainty, Salesforce Dips After Earnings

  

  U.S. stock futures retreated on Thursday, signaling further losses after a prior session decline, as investors grappled with soaring Treasury yields and uncertainty surrounding the Federal Reserve’s potential interest rate cuts. By early morning trading, Dow futures dropped 0.9%, S&P 500 futures fell 0.5%, and Nasdaq 100 futures slipped 0.6%. …

  Read More »
• 30 May 2024 2:58 pm

  European Stocks Stabilize as Bond Markets Rebound, Focus on Inflation Data

  

  European stock markets found some stability on Thursday as bond markets recovered from the previous day’s sell-off, which was driven by expectations of prolonged higher interest rates due to persistent inflation. The pan-European STOXX 600 index edged up nearly 0.2%, following a decline of over 1% on Wednesday. Germany’s DAX, …

  Read More »
• 30 May 2024 1:38 pm

  Dollar Holds Firm After Reaching Two-Week High Amidst Rising Treasury Yields

  

  The U.S. dollar maintained its strength on Thursday, following a recent surge to a two-week high fueled by a rout in U.S. Treasuries, which pushed up yields and increased the currency’s attractiveness. The dollar index, which tracks the greenback against a basket of major currencies, reached 105.18 overnight, its highest …

  Read More »
• 30 May 2024 12:55 pm

  European Stocks Retreat as Bond Yields Surge Ahead of Inflation Data

  

  European stock markets experienced a broad decline on Thursday, driven by rising global bond yields, which heightened investor concerns ahead of the eagerly anticipated inflation data release at the end of the week. Early in the trading session, Germany’s DAX index fell 0.3%, the UK’s FTSE 100 dropped 0.2%, while …

  Read More »
• 30 May 2024 12:46 pm

  Oil Prices Ease on Stronger Dollar, Higher-for-Longer Rates Outlook

  

  Oil prices declined on Thursday as the stronger U.S. dollar and expectations of prolonged high interest rates raised concerns about potential demand reduction. Brent futures dropped 0.3% to $83.34 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 0.3% to $79.00. Both benchmarks are on track for monthly losses, …

  Read More »
• 30 May 2024 12:22 pm

  Bitcoin Price Dips Amid Fed Rate Uncertainty, While Ether Cools After ETF Hype

  

  Bitcoin experienced a slight decline on Thursday, remaining within its established trading range as investors awaited crucial U.S. economic data that could influence the outlook for interest rates. While easing concerns about a potential sell-off by defunct exchange Mt Gox provided some relief, the strengthening dollar, driven by anticipation of …

  Read More »
• 30 May 2024 5:18 am

  Market Drivers – US Session, May 29

  

  Amid multi-week highs in US yields, the USD Index (DXY) increased further and broke above the crucial 105.00 barrier. A further update to the Q1 GDP Growth Rate is scheduled for May 30, with weekly Initial Jobless Claims, Goods Trade Balance, and Pending Home Sales serving as backups. Bostic, Williams, …

  Read More »
• 30 May 2024 2:58 am

  Yen retreats to 4-week lows versus surging dollar

  

  The dollar rose today, boosted by higher US bond yields ahead of key inflation data later in the week and strengthened against the Japanese yen. The dollar reached as high as 157.715 yen, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of …

  Read More »
• 30 May 2024 1:42 am

  Oil prices slide ahead of US EIA Data

  

  Oil prices fell on Thursday as markets await the latest U.S. crude oil stockpiles data. Resilient U.S. economic activity suggests that borrowing costs will remain higher for longer, potentially impacting demand. Brent futures lost 9 cents to trade at $83.52 a barrel, while U.S. West Texas Intermediate (WIT) crude was …

  Read More »
• 29 May 2024 11:38 pm

  US Dollar Soars Following Fed’s Beige Book

  

  The US Dollar has experienced a sharp recovery following the Beige Book report, which showed slight growth in national economic activity. The report also revealed that employment rose slightly, wage growth was moderate, and prices increased modestly as consumers resisted further price hikes. According to Fed’s Beige Book, housing demand …

  Read More »
• 29 May 2024 10:52 pm

  Dow Jones sheds 400 points amid risk aversion

  

  The Dow Jones Industrial Average has fallen over 400 points and is now below 38,500.00, with the major equity index down nearly nine-tenths of a percent due to investor sentiment. Demand for treasuries is declining as bid-to-cover ratios on key Treasury auctions decrease, putting downward pressure on equities and bolstering …

  Read More »
• 29 May 2024 8:25 pm

  What role have T-yields recently played in US dollar’s, gold’s price action?

  

  The US dollar continues to rise, up 0.42% at 105.057, amid the absence of US data on the economic calendar on Wednesday, on the back of the surging US Treasury bond yields, which have continued to rise since the beginning of trading this week.US Treasury bond yields continue to rise, …

  Read More »