Open Demo Account

Market Analysis

April, 2024

  • 30 April 2024 3:43 pm

    German economy avoids recession in Q1

    Germany

    Preliminary data from the Federal Statistical Office released on Tuesday indicated that the German economy narrowly avoided a recession at the outset of this year, experiencing slight but better-than-expected growth, propelled by exports and investments in the construction sector. In the first quarter, the economy saw a modest expansion, with …

    Read More »
  • 30 April 2024 2:17 pm

    In April, Inflation in the Euro Zone Reached a Stable Point

    In April, the inflation rate in the euro zone remained stable in line with analysts’ expectations, while the core inflation rate showed a slight slowdown. Data released today, Tuesday, April 30, revealed that the consumer price index in the euro zone increased by approximately 2.4% this month, matching both analysts’ …

    Read More »
  • 30 April 2024 1:50 pm

    Gold declines with the rise of dollar and anticipation of Fed meeting

    Gold is on track for its third consecutive month of gains despite experiencing a price decline on Tuesday. This was driven by a strengthening dollar ahead of the Federal Reserve’s monetary policy meeting. Spot gold fell by 0.6 percent to $2,320.54 per ounce by 06:32 GMT, while US gold futures …

    Read More »
  • 30 April 2024 1:46 pm

    Yen declines after reports of interference by Japanese authorities, focus turns to Fed

    On Tuesday, the yen retraced some of its substantial gains from Monday, attributed to potential intervention by Japanese authorities. The Japanese currency declined by 0.40 percent to 157.00 against the dollar, moving away from its 34-year low of 160.245 recorded on Monday. Traders speculated that Tokyo intervened by purchasing yen, …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends