Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold prices climbed on Friday as risk aversion gripped financial markets following reports of bombings in Iran. These reports raised concerns about a potential escalation in regional tensions, bolstering gold’s status as a safe-haven asset. By 0429 GMT, spot gold rose by 0.3 percent to $2,386.05 per ounce, after briefly …
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10 May, 2024 5:59 pm
USD/CAD sharply declines on strong Canadian jobs data
Following solid Canadian employment figures, the USD/CAD pair plunges impulsively to 1.3636, down -0…
10 May, 2024 4:00 pm
U.S. Futures Rise as Investors Eye Fed Speeches and Data
U.S. stock index futures climbed on Friday, driven by investor anticipation of speeches from Federal…
10 May, 2024 1:15 pm
Dollar Steadies as Labour Market Cools, Pound Rises on UK Economic Growth
On Friday, the dollar found its footing after experiencing overnight losses fueled by U.S. data sign…
10 May, 2024 12:06 pm
Gold Prices Rally as Dollar Weakens Amid Cooling Labor Market and Geopolitical Tensions
In the realm of precious metals, gold emerged as the shining star in Asian trade on Friday, extendin…
10 May, 2024 10:36 am
Turkish Central Bank revises inflation forecasts upward, vows to maintain containment efforts
On Thursday, the Turkish Central Bank revised its inflation forecast for the end of the year, projec…
10 May, 2024 9:41 am
Nikkei gives up early gains after chip industry-related stocks decline
On Thursday, the Japanese Nikkei index struggled to maintain its early gains and ultimately closed l…
10 May, 2024 5:34 am
Will Ethereum and Bitcoin quietly gain fresh momentum?
The previous few weeks have seen a turbulent ride for cryptocurrencies, with unexpected lows and tre…
10 May, 2024 2:54 am
Market Drivers; US Session, May 9
The USD Index (DXY) gave up some of its recent gain amid lower yields across the curve due to a data…
10 May, 2024 1:36 am
Japan’s Suzuki: Appropriate actions will be taken on Foreign Exchange if needed
Shunichi Suzuki, the finance minister of Japan, stated on Friday that he will be closely monitoring …
9 May, 2024 11:40 pm
Sterling retreats after BoE paved way for rate cut
On Thursday, the British blue-chip stock index set a record as the Bank of England moved closer to r…
Market Analysis
April, 2024
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19 April 2024 10:29 am
Gold rises amid fears of the expanding scope of the conflict in the Middle East
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19 April 2024 1:49 am
Market Drivers; US Session, April 18
Further hawkish comments from Fed speakers boosted the US dollar and sparked a decent bounce in US yields, while the ECB’s officials maintained dovish stance and continued to advocate the start of the central bank’s rate cut and monetary easing next the summer.Developments In Forex SpaceThe US dollar regained upside …
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19 April 2024 1:31 am
IMF: Russian economy will grow faster than the US
The International Monetary Fund expects that Russia’s economy will grow by 3.2% in 2024, outpacing all advanced economies, including the US. Despite the war, high investment and robust private consumption have driven Russia’s economy forward. The IMF expects this momentum to fade in 2025, with Russia growing at a rate …
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19 April 2024 12:37 am
Bitcoin recovers as halving countdown attracts attention
The price of bitcoin has recovered to the level of support that drove the bull market in 2023, with nearly nil profit margins for traders. A potential turning point in the decline of the price of Bitcoin is not totally ruled out, though. A week of declining prices for Bitcoin …
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18 April 2024 10:56 pm
XAU/USD boosted on increased central bank purchases
Gold futures continue to rise since the beginning of daily trading on Thursday, driven by increased demand for the precious metal by central banks worldwide. No tangible developments have taken place regarding the current situation in the Middle East since Iran launched attacks on Israel with missiles and drones, and …
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18 April 2024 9:56 pm
Treasury yields climbs after Fed’s Williams remarks
The slightest suggestion of an interest rate hike by a Federal Reserve official ended the US bond market’s rebound. John Williams, the president of the New York Fed, stated that another rate hike is not his base case on Thursday in answer to a question during a conference in Washington. …
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18 April 2024 8:57 pm
EUR/USD drops following ECB members’ dovish remarks
The euro’ rebound is unable to rise over 1.0647, down -0.24%, as ECB policymakers hint at a rate cut in June. Strong employment numbers in the US and some hawkish remarks made by Fed’s Williams have given the USD a new lease on life. The EUR/USD exchange rate is still …
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18 April 2024 8:09 pm
Sterling drops amid downbeat market sentiment
The Pound Sterling has fallen against the US Dollar amid a dismal market mood, with investors seeing the Bank of England (BoE) delaying rate cuts. UK’s stable wage growth is limiting the slowdown in price pressures, while the US Dollar corrects despite the Fed’s stance towards keeping interest rates higher …
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18 April 2024 7:03 pm
Crude oil poised to close unchanged amid geopolitical tensions
WTI Oil sell-off gets nearly fully erased at the start of the US trading session. Oil prices are erasing earlier losses after harsh rhetoric from Iran which said it is ready to respond when Israel should retaliate.More specific, Iran vowed to target several nuclear sites in Israel, which would mean …
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18 April 2024 4:50 pm
Gold rises with the decline of the dollar and political tensions
On Thursday, gold prices climbed, driven by a weakened dollar and heightened geopolitical tensions in the Middle East. These factors offset concerns about a potential decrease in US interest rates this year. Spot gold rose by 0.8 percent to $2,379.33 per ounce by 1001 GMT, following its peak at $2,431.29 …
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18 April 2024 3:54 pm
Nikkei ends losing streak as chip sector shares rise
On Thursday, Japan’s Nikkei index rebounded, marking its first ascent in four sessions. Chip stocks, initially down, reversed their losses, and banking shares saw gains. Closing at 38,079.70 points, the Nikkei climbed by 0.31 percent after dipping by 0.83 percent earlier in the session. Despite this rise, the index still …
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18 April 2024 2:45 pm
Eurozone’s February Surplus Shrinks, German Economy Shows Recovery Signs
In February, the Eurozone’s current account surplus dipped to €29.5 billion, down from €39.4 billion previously. While goods and services showed surpluses, secondary and primary income recorded deficits. Germany, a key player, hinted at economic growth in Q1, thanks to unexpected boosts from industry and construction. However, concerns linger over …
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18 April 2024 12:31 pm
European stocks rise supported by the industrial sector
On Thursday, European stocks witnessed a rise, buoyed by the industrial sector’s performance, fueled by positive results from ABB Group. However, Sartorius shares faced a significant decline on the German stock exchange following a quarterly drop in orders. The European STOXX 600 index advanced by 0.2 percent as of 0717 …
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