Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 19 April 2024 1:47 pm

  European stocks fall to the lowest level in a month due to tension in the Middle East

  

  European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European STOXX …

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• 19 April 2024 11:37 am

  Japan’s Nikkei fell as chip-related stocks fell and tension in the Middle East

  

  Japan’s Nikkei index suffered its most significant daily decline in over two and a half years on Friday, dragged down by losses in chip-related stocks following the downturn in Taiwan’s TSMC. Additionally, escalating turmoil in the Middle East dampened risk appetite among investors. The Nikkei plummeted 2.66 percent to close …

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• 19 April 2024 11:09 am

  Oil prices jump 3 percent amid reports of Israeli strikes on Iran

  

  Oil prices surged by $3 a barrel on Friday following reports of Israeli missile strikes on a site in Iran, heightening concerns over potential disruptions to oil supplies in the Middle East. Benchmark contracts initially spiked more than $3 before slightly retracing their gains. By 0200 GMT, Brent crude futures …

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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

  

  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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• 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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