Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Brent crude was up 24 cents to 39.85 dollars a barrel, while US West Texas Intermediate crude futures increased 33 cents to $ 37.59. Both contracts were down on Monday. The rally in oil contracts comes just before Hurricane Sally is expected to hit the US coast on the Gulf …
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11 February, 2025 11:39 pm
Market Drivers: US Session
The US Dollar Index (DXY) is testing the 108.00 support level, even with rising US Treasury yields a…
11 February, 2025 11:16 pm
Powell’s Impact: Powell’s Caution Dips The Dollar As Rate Adjustments “on Hold”
The US Dollar Index (DXY) continued to trade with losses for the second consecutive session on Tuesd…
11 February, 2025 9:50 pm
Powell’s Pause: Stocks Steady Amid Uncertainty
US stock markets have recently experienced a period of mixed performance, influenced by new tariffs …
11 February, 2025 8:30 pm
EU Vows Retaliation Against Trump’s Metal Tariffs
The European Union (EU) has vowed to respond to the 25% tariffs announced by President Donald Trump …
11 February, 2025 7:55 pm
Investors Still Tune In as Fed Chair Testifies Before US Lawmakers
Federal Reserve Chair testified before the US Senate on Tuesday, saying, “There is no need to …
11 February, 2025 7:14 pm
First Remarks By Fed Chair Before Lawmakers As Investors Lend All Ears
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “st…
11 February, 2025 7:08 pm
Explainer: Global Markets Focus On Key Clues As Powell Faces US Lawmakers In Washington
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “st…
11 February, 2025 6:54 pm
EUR/USD Waits on J. Powell, Tariffs
The EUR/USD pair is holding onto slight gains above 1.0300 on Tuesday, after a decline earlier in th…
11 February, 2025 4:30 pm
Coca-Cola Surpasses Earnings Expectations as Higher-Priced Beverages Drive Sales
Coca-Cola’s fourth-quarter earnings exceeded expectations, as the company’s strategy of encour…
11 February, 2025 3:16 pm
Powell to Testify as Fed Navigates Economic Uncertainty Under Trump Policies
Federal Reserve Chair Jerome Powell begins two days of hearings on Capitol Hill on Tuesday, addressi…
Market Analysis
September, 2020
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16 September 2020 12:37 pm
Oil Rises Ahead of Hurricane Sally, Gloomy Demand Outlooks Hold Back Gains
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16 September 2020 11:09 am
W.T.O. Says American Tariffs on China Broke Global Trade Rules
The World Trade Organization has ruled that the additional tariffs imposed by the United States in 2018 on Chinese goods violate international trade rules, in a blow to the Trump administration’s trade war against the world’s second largest economy. A three-person panel of trade experts at the World Trade Organization …
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16 September 2020 11:03 am
API: Sharp Decline in Crude And Gasoline Inventories
American Petroleum Institute data on Tuesday showed a decline in US stocks of crude oil last week, while gasoline inventories rose. Crude inventories declined by 9.5 million barrels over the week ending September 11 to about 494.6 million barrels, while analysts expected an increase of 1.3 million barrels. Crude stocks …
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16 September 2020 11:01 am
UK Annualized CPI Exceeds Estimates
The UK Consumer Prices Index (CPI) 12-month rate came in at +0.2% in August when compared to +1.0% in July, while beating expectations of a 0%, the UK Office for National Statistics (ONS) reported on Wednesday. The core inflation gauge (excluding volatile food and energy items) came at +0.9% YoY …
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16 September 2020 10:56 am
PBOC Sets Yuan Reference Rate at 6.7825
The People’s Bank of China (PBOC) set the yuan reference rate at 6.7825 versus Tuesday’s fix at 6.8222.
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16 September 2020 10:55 am
FX Option Expiries For Sept 16 NY Cut
FX option expiries for Sept 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1835 654m – GBP/USD: GBP amounts 1.3000 357m – USD/JPY: USD amounts 105.00 837m105.15 360m105.20 691m105.25 365m106.15 376m106.25 450m
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16 September 2020 2:11 am
NYSE Closes Positively Awaiting Fed Policy Statement
The New York Stock Exchange (NYSE) closed Tuesday mostly higher, supported by positive economic data, and anticipation for the results of the Federal Reserve meeting. The Dow Jones Industrial Average marginally rose by 2.27 points and closed at 27,995.60 The S&P 500 index added 17.66 points, or 0.5%, and finished …
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16 September 2020 2:06 am
US Treasury Yields Seen Increasing on Tuesday
US Treasury yields rose on Tuesday following the release of positive economic data in the United States. Yields on the 10-year Treasury note increased by 0.9 basis point to 0.678%. Return on the two-year note rose by 0.4 basis point to 0.139%. Meanwhile, the 30-year bond yield grew by 2.2 …
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16 September 2020 1:45 am
Oil Finishes Higher Amid Output Disruptions
Oil prices rose on Tuesday, amid output disruptions in North America, despite continuous concerns about the outlook for global demand. Brent crude futures for November delivery increased by 92 cents, or 2.3%, and finished at $40.53 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for October delivery added …
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16 September 2020 12:09 am
Gold Settles at Two-Week High
Gold prices rose on Tuesday, for the second consecutive session, to its highest level in about two weeks. The yellow metal futures for December delivery gained $2.50, or 0.1%, to settle at $1,966.20 per ounce. This is the highest closing level for gold futures since the beginning of the month.
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15 September 2020 9:45 pm
European Stocks Close Higher
European stocks closed higher on Tuesday, continuing a positive rally this week amid anticipation for upcoming meetings by the US Federal Reserve, the Bank of England (BoE), and the Bank of Japan (BoJ). The Stoxx Europe 600 index finished higher by 0.77%, while the UK’s FTSE100 surged by 1.32%. Meanwhile, …
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15 September 2020 9:38 pm
US Median Household Income Rises in Year
The median household income in the United States increased by 6.8% in 2019, for the second consecutive year, with the number of people in poverty decreasing, data by the US Census Bureau’s annual report showed on Tuesday. The median household income for last year stood at $68,703 compared with $64,324 …
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15 September 2020 8:51 pm
US Manufacturing Output Up 1% in August
Manufacturing production in the United States rose by 1% in August, data by the US Federal Reserve showed on Tuesday. This comes after a 3.9% growth in July and below market expectations of a 1.2% increase.
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