Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2024

• 11 June 2024 8:16 pm

  US dollar rallies as political news impacts key rival

  

  The US Dollar Index is trading at 105.342 at the time of writing. So far on Tuesday, the dollar has consolidated Monday’s gains on the back of negative political news from Europe, with the dollar jumping after rumors saying that President of France Emanuel Macron is considering resignation. The US …

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• 11 June 2024 7:47 pm

  How do Biden and Trump’s Teams Tackle Business Concerns, Aspirations?

  

  The Biden and Trump teams are expected to engage in a long-distance economic showdown on Thursday, as both sides try to sell corporate America on their vision for 2025 and beyond. Treasury Secretary Janet Yellen will defend President Biden’s approach at the Economic Club of New York, where she will …

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• 11 June 2024 3:55 pm

  Euro Drops to One-Month Low Amid Political Concerns and Fed Focus

  

  Political Uncertainty and Rising Dollar Pressure Euro The euro fell to a one-month low on Tuesday, weighed down by political concerns in Europe and the anticipation of key U.S. economic data and Federal Reserve interest rate projections. Investor fears surrounding the rise of eurosceptics in recent European elections and the …

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• 11 June 2024 12:22 pm

  Dollar Holds Firm Amid Anticipation of US Inflation Data and Fed Meeting

  

  Euro and Yen Weaken as Investors Brace for Key Economic Updates The U.S. dollar maintained its strength, hovering near a one-month high against the euro and reaching a one-week peak against the yen on Tuesday. This resilience comes as traders anxiously await crucial U.S. inflation data and the Federal Reserve’s …

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• 11 June 2024 10:36 am

  Asian Markets Tread Cautiously Amid Political Uncertainty in Europe

  

  Asian stock markets displayed a cautious sentiment on Tuesday as investors grappled with renewed political uncertainty in Europe. Gains by right-wing parties in recent elections and the prospect of a snap poll in France have raised concerns about the cohesion of the European Union. Key Market Movements: MSCI Asia-Pacific Index: …

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• 11 June 2024 9:46 am

  Oil Prices Slip as Investors Await Key Inflation Data and Fed Meeting

  

  Oil prices edged lower on Tuesday, as market participants adopted a cautious stance in anticipation of crucial U.S. inflation data and the outcome of the Federal Reserve’s policy meeting. These events are poised to offer valuable insights into the trajectory of inflation and its subsequent impact on fuel demand. Brent …

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• 11 June 2024 3:39 am

  Market Drivers; US Session, June 10, 2024

  

  With political unpredictability engulfing Europe in the wake of the June 9 European Parliamentary elections, the US dollar gained momentum this week. The safe-haven dollar gained due to this risk aversion. The USD Index (DXY) surged above 1.05. It reached multi-week highs. Under pressure from the political concerns, the Euro …

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• 11 June 2024 3:27 am

  Gold Climbs Despite Surging Treasury Yields, USD

  

  Despite Monday’s strong US dollar, gold prices managed to recover some of the losses from last week, rising by more than 0.5%. Following Friday’s US Nonfarm Payrolls report, which showed a robust labour market with 272,000 jobs gained beyond estimates, gold is rising. On the other hand, future US inflation …

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• 11 June 2024 2:37 am

  Early French elections shake investors’ confidence in the economy

  

  Financial markets were taken aback by French President Emmanuel Macron’s announcement to hold early elections, which has raised questions about his pro-business agenda and the country’s already precarious finances.Market reactions:Following the announcement of a sell-off of French assets on Monday, investors are requesting higher returns on French bonds than on …

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• 10 June 2024 11:16 pm

  

  Early French elections shake investors’ confidence in the economyFinancial markets were taken aback by French President Emmanuel Macron’s announcement to hold early elections, which has raised questions about his pro-business agenda and the country’s already precarious finances.Market reactions:Following the announcement of a sell-off of French assets on Monday, investors are …

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• 10 June 2024 10:44 pm

  US stocks trade cautiously ahead CPI report, Fed decision

  

  The Dow was flat on Monday as investors remained cautious ahead of this week’s Federal Reserve meeting and a critical inflation data that could provide insight into the central bank’s policy-easing path. In contrast, the S&P 500 and the Nasdaq saw increases.The Nasdaq traded little higher as gains in firms …

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• 10 June 2024 9:36 pm

  Canadian Dollar flat against US counterpart head of US CPI, Fed decision

  

  On Monday, the Canadian dollar was largely unchanged vs the US dollar. This week, Canada is largely absent from the economic calendar. BoC Macklem’s speech is expected during the midweek trading session. As we begin a new trading week, the Canadian dollar is staying steady vs the US dollar because …

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• 10 June 2024 8:24 pm

  GBP/USD Consolidates After Hitting 7-Day Low

  

  GBP/USD slightly down for the second session in a row. Technical factors indicate losing buyer momentum as RSI approaches the 50-midline. A drop below 1.2700 could push GBP/USD towards key moving averages near 1.2686 and potentially lower.Upside seen above 1.2750, with buyers eyeing 1.2800.The British Pound extended its losses for …

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