Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 5 April 2024 11:42 am

  Dollar rises amid declining hopes for an early cut in interest rates

  

  The US dollar stabilized against major currencies today, stable against other major currencies, stable after its recent decline to its lowest level in two weeks. Traders are awaiting the release of the March Nonfarm Payrolls report later today, which is expected to add 200,000 jobs. This data is considered crucial …

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• 5 April 2024 10:56 am

  Gold is taking a breath after a wave of record highs

  

  Gold prices caught their breath today, Friday, after a wave of record highs that lasted for five sessions and led the yellow metal to record gains for the third week in a row. This comes at a time when the market is awaiting non-farm payrolls data in the United States, …

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• 5 April 2024 10:32 am

  Oil prices are heading for a second week of gains amid geopolitical tensions

  

  Oil prices continued their ascent on Friday, poised to mark a second consecutive week of gains, buoyed by geopolitical tensions in Europe and the Middle East, concerns over dwindling supplies, and optimism surrounding global fuel demand as economies recover. Brent crude surged by 49 cents, or 0.5 percent, reaching $91.14 …

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• 5 April 2024 3:23 am

  Market Drivers; US Session, April 4

  

  Amidst a prevailing appetite for riskier assets, the US dollar witnessed another weak day on Thursday. This was before the announcement of important non-farm payrolls on Friday. The ECB Accounts opened the door to rate reduction in June, while Fed speakers maintained its cautious approach. The USD Index fell to …

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• 5 April 2024 2:22 am

  BoJ’s Ueda: Interest rate Policy in 2024 hinges on data

  

  BoJ’s K. Ueda gave fresh statements on the central bank’s policy outlook, although he declined to comment on the recent performance of the Japanese yen.Before Thursday’s European session begins, the Japanese Yen was still weak relative to the US dollar and is trading barely above a multi-decade low that was …

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• 5 April 2024 2:09 am

  US Stocks Decline Amid Middle East Geopolitical Tensions

  

  US stocks have significantly declined since the Israeli Air Force declared maximum alert and the army suspended vacations for combat forces due to concerns about the possibility of Iran launching attacks on Israeli territory, which brought back geopolitical tensions in the Middle East.Israeli Air Force raised its alert to the …

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• 5 April 2024 12:57 am

  March Jobs Report: Will the Fed Hold its Rate Cut Cards Following NFP?

  

  As the Bureau of Labour Statistics (BLS) delivers its much-awaited March jobs report for the US, the financial markets are seemingly excited. Traders will digest this jobs print with great care, looking for hints about how the US economy and Federal Reserve policies will develop in the near future. Nonfarm …

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• 4 April 2024 11:52 pm

  Bitcoin Erases Early April Decline Ahead of Halving Event

  

  On April 4, Bitcoin saw daily gains above $4,000 as traders anticipated upcoming short liquidations. Bitcoin surprised market watchers by rising about 5% from the day’s low. They saw bulls correcting a chart inefficiency following recent declines. Early April saw a dip in Bitcoin prices, but on Thursday it recovered …

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• 4 April 2024 9:52 pm

  What to expect from recent US-China trade talks?

  

  During a meeting between US Secretary Janet Yellen in Guangzhou and Beijing, the US and China are anticipated to carry on their conversation on trade and investment. To keep up the dialogue, the two nations established formal economic working groups. Additionally, Yellen’s eating of a meal prepared with hallucinogenic “magic” …

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• 4 April 2024 9:06 pm

  Euro Climbs on Softer US Data, Fed’s Wait-and-See Stance

  

  On Thursday, the Euro gained versus the US dollar, but obstacles still exist. The poor US data, which included an unexpected increase in jobless claims and a widening trade deficit that raised questions about the real state of the US economy, helped the shared currency. Treasury yields dropped as a …

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• 4 April 2024 6:32 pm

  Sterling rises following UK positive data

  

  The Pound Sterling (GBP) has risen to 1.2660 in early New York session due to the UK’s improved economic outlook and increasing home prices. The GBP/USD pair is showing strength as recent economic indicators suggest the UK economy is on track to return to growth after falling into a technical …

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• 4 April 2024 5:20 pm

  Fed’s Goolsbee sees housing price pressures as inflation’s greatest threat

  

  Outsized price rises in the housing services industry is the most significant hurdle to the Federal Reserve reducing inflation to its 2% target rate according to Chicago Federal Reserve Bank President Austan Goolsbee.Key Quotes: “If housing inflation does not come down, would be very difficult to return inflation to 2%.”“I …

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• 4 April 2024 2:38 pm

  European stocks rise ahead of inflation data

  

  On Thursday, European stocks climbed as investors awaited key inflation data and scrutinized the minutes of the European Central Bank’s recent meeting, while Basilia Pharmaceuticals saw a surge in shares following US regulatory approval of a new antibiotic. The European STOXX 600 index edged up 0.1 percent by 0720 GMT, …

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