Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 30 April 2024 12:50 pm

  Japan’s Nikkei closes higher

  

  On Tuesday, the Japanese Nikkei index surged, mirroring the strong performance of Wall Street the previous night. Investors eagerly awaited the outcome of the Federal Reserve meeting, seeking insights that could impact the Japanese currency exchange rate. The Nikkei climbed by 1.24 percent to close at 38,405.66 points. However, the …

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• 30 April 2024 12:24 pm

  The performance of European indices varied ahead of inflation data

  

  European indices displayed mixed performance at the outset of trading on Tuesday, April 30, as investors kept a close watch on the earnings reports of European companies and banks, while also anticipating the upcoming US Federal Reserve meeting. In trading, the STOXX600 index edged down by less than 0.1% to …

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• 30 April 2024 11:18 am

  Oil declines as investors await truce talks in Gaza war

  

  Oil prices experienced a decline in early trading on Tuesday as ceasefire discussions between Israel and Hamas in Cairo provided a sense of relief, easing concerns about the escalation of conflict in the Middle East. However, apprehensions regarding the outlook for US interest rates weighed on the market sentiment. By …

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• 30 April 2024 2:25 am

  Market Drivers; US Session, April 30

  

  The US dollar started the week on the back foot in a week where interest rate cut bets by the Fed would be in the focus of interest amidst the FOMC event and the release of Non-farm Payrolls data for April.The US dollar lost Friday’s gains due to the yen’s …

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• 30 April 2024 1:14 am

  ECB’s de Guindos: not pre-committed to a particular rate path

  

  At a Euro 50 Group meeting on Monday, European Central Bank (ECB) Vice-President Luis de Guindos highlighted the ECB’s progress on inflation, but pulled back from making any clear projections on the pace of rate cuts.Key QuotesExpects consumer spending to strengthen.Economic activity is improving, albeit gradually.Not pre-committing to a particular …

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• 30 April 2024 12:09 am

  US Stocks Climb Ahead of FOMC Meeting

  

  US stocks rose on Monday, extending last week’s rally into a week that is remarkably busy with corporate earnings, employment data, and a Federal Reserve policy meeting. The Dow Jones Industrial Average and Nasdaq Composite each gained 0.4%, while the S&P 500 rose 0.3%. Tesla (TSLA) shares soared after Elon …

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• 29 April 2024 10:57 pm

  Will Powell, FOMC Rescue Bitcoin Price?

  

  The price of Bitcoin, the most well-known cryptocurrency worldwide, is under pressure as it approaches $60,000. As of this writing, Bitcoin is trading at $62,727, down -1.88% from its peak. The Federal Reserve is the focus of attention in the cryptocurrency market this week due to the highly anticipated FOMC …

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• 29 April 2024 9:59 pm

  US Dollar Declines Ahead of FOMC Meeting

  

  The US Dollar Index (DXY) has fallen to 105.70, with the Bank of Japan’s intervention causing a slight drop in the dollar’s value. However, the dollar’s rally is expected to continue due to monetary policy divergence favoring the US Dollar and the anticipation of a hawkish hold from the forthcoming …

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• 29 April 2024 8:46 pm

  EUR/GBP crashed inside multi-month range

  

  The EUR/GBP exchange rate has fallen back into its several-month range. It is falling to the floor of the range, where it will probably find firm support. Based on the range’s height, a decline would trigger downside objectives.After experiencing five straight days of declines, the EUR/GBP pair is now trading …

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• 29 April 2024 8:05 pm

  Key things to know as Hong Kong crypto ETFs launch tomorrow

  

  Hong Kong is set to launch trading for spot Bitcoin and Ether exchange-traded funds (ETFs) on April 30, marking a significant milestone in developing regulated crypto investment products and ETFs worldwide. Three Chinese firms, China Asset Management, Bosera Asset Management, and Harvest Global Investments, are expected to launch crypto ETFs …

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• 29 April 2024 6:59 pm

  EUR/USD declines ahead of key US, Eurozone data

  

  The EUR/USD is struggling to maintain gains above 1.0700 amid uncertainty ahead of key economic events, including the release of Eurozone’s CPI, Q1 GDP, and the Fed’s policy outlook. The European Central Bank is expected to start reducing key borrowing rates in June, with the release of preliminary data on …

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• 29 April 2024 4:03 pm

  Oil prices stabilize in anticipation of ceasefire talks between Israel and Hamas

  

  Oil prices fell in early Asian trading on Monday, giving up gains made on Friday, as peace talks between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Cairo eased fears of a widening conflict in the Middle East. US inflation data also reduced expectations of interest rate cuts soon. …

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• 29 April 2024 2:54 pm

  European stocks touch two-week highs

  

  European stocks rose to their highest level in two weeks on Monday, continuing the strong gains they achieved last week, as traders awaited economic data and the Federal Reserve’s decision on monetary policy. By 0718 GMT, the European STOXX 600 index rose 0.3 percent after recording its first weekly gain …

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