Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 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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• 29 April 2024 12:40 pm

  Dollar declines slightly as the market awaits the Fed meeting

  

  The US dollar experienced a minor dip today, reflecting lower trading activity due to Japan’s holiday. Meanwhile, the yen, euro, and sterling held steady near their recent lows following last week’s market turbulence. The yen saw a slight uptick against the dollar, reaching 158.05, marking a modest increase of around …

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• 29 April 2024 11:12 am

  Oil falls by 1% as ceasefire talks continue

  

  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 9:46 am

  Gold declines as hopes of a US rate cut recede

  

  Gold prices fell on Monday as hopes for an early US rate cut this year receded, while focus turned to the Federal Reserve’s monetary policy meeting and the US non-farm payrolls data released this week to reveal more indicators on monetary policy. By 0334 GMT, gold prices in spot transactions …

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• 29 April 2024 7:22 am

  Weekly Recap: Fed, Jobs Data, and Earnings in Focus

  

  Last week, risk appetite improved, exerting pressure on safe haven assets such as the US dollar and gold, resulting in their decline after experiencing weekly losses. This shift favored risk assets, particularly US stocks. Markets are now anticipating significant events in the upcoming week, including the Federal Reserve’s interest rate …

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• 27 April 2024 2:57 am

  Bitcoin may stay in the red for 15 days on “Post-Halving Danger Zone” concerns

  

  In addition to selling pressures, Bitcoin market disinterest is currently persisting, and a likely decline in price over the next couple of weeks would be an ideally typical post-halving behaviour. Bitcoin slid lower into the Wall Street open on April 26, as the market maintained familiar trading conditions. The most …

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• 27 April 2024 12:08 am

  Why Has ExxonMobil Stock retreated After Earnings?

  

  Today, ExxonMobil’s stock price retreated despite what appeared to be good earnings news. Investors are still wary even if the oil giant exceeded revenue projections ($83.1 billion vs. $73.2 billion) and analyst goals for earnings per share ($2.06).Some investors may still feel discouraged following ExxonMobil’s earnings report. This is mainly …

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• 26 April 2024 9:29 pm

  Fresh inflation data, tech earnings trigger gains in US stocks

  

  US stocks are advancing on Friday as investors digest the most recent inflation data, the PCE Index readings, amid the favourable earnings announcements from Microsoft and Alphabet. In March, the preferred inflation measure of the Federal Reserve rose 2.7% from the previous year, as anticipated. The IT sector’s outstanding earnings …

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• 26 April 2024 8:51 pm

  GBP/USD impacted by US inflation data, anticipated delay of Fed’s rate cut

  

  The GBP/USD pair is currently focused on support levels due to its recent inability to break above the 200-day moving average at 1.2557, which emphasises its negative bias. If the ‘black cloud cover’ candlestick pattern materializes, there could be potential for more losses, with 1.2400 being the objective and perhaps …

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• 26 April 2024 7:53 pm

  What will investors watch closely next trading week?

  

  The anticipation of interest rate cut or cuts by the Federal Reserve and data releases dominated the conversation for another week, during which the US dollar fluctuated. In light of this, the USD Index (DXY) appears to have started a slow downturn after reaching fresh annual highs earlier in the …

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• 26 April 2024 4:36 pm

  Microsoft reports revenues of more than $61 billion

  

  Yesterday, Microsoft Corporation unveiled its third-quarter financial results, surpassing analysts’ forecasts fueled by robust corporate demand for its cloud and artificial intelligence services. The tech giant reported earnings per share of approximately $2.94, exceeding the anticipated $2.82 per share. Similarly, Microsoft’s revenue climbed to $61.86 billion, surpassing expectations of around …

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• 26 April 2024 1:32 pm

  European stocks rise on strong results from major technology companies

  

  European stocks rallied on Friday, poised to conclude the week with gains, buoyed by robust earnings from major US technology firms, while ThyssenKrupp shares surged to their highest daily performance in 18 months. The European STOXX 600 index kicked off the session with a 0.5 percent uptick by 0717 GMT. …

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• 26 April 2024 12:20 pm

  Yen is at a 34-year low as the Bank of Japan keeps interest rates unchanged

  

  The yen plummeted to its lowest level against the dollar in three decades on Friday following the Bank of Japan’s decision to maintain interest rates, heightening expectations among traders for potential intervention by Tokyo authorities to stabilize the currency. After the Bank of Japan announced its decision to keep short-term …

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