Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 18 April 2024 7:03 pm

  Crude oil poised to close unchanged amid geopolitical tensions

  

  WTI Oil sell-off gets nearly fully erased at the start of the US trading session. Oil prices are erasing earlier losses after harsh rhetoric from Iran which said it is ready to respond when Israel should retaliate.More specific, Iran vowed to target several nuclear sites in Israel, which would mean …

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• 18 April 2024 4:50 pm

  Gold rises with the decline of the dollar and political tensions

  

  On Thursday, gold prices climbed, driven by a weakened dollar and heightened geopolitical tensions in the Middle East. These factors offset concerns about a potential decrease in US interest rates this year. Spot gold rose by 0.8 percent to $2,379.33 per ounce by 1001 GMT, following its peak at $2,431.29 …

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• 18 April 2024 3:54 pm

  Nikkei ends losing streak as chip sector shares rise

  

  On Thursday, Japan’s Nikkei index rebounded, marking its first ascent in four sessions. Chip stocks, initially down, reversed their losses, and banking shares saw gains. Closing at 38,079.70 points, the Nikkei climbed by 0.31 percent after dipping by 0.83 percent earlier in the session. Despite this rise, the index still …

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• 18 April 2024 2:45 pm

  Eurozone’s February Surplus Shrinks, German Economy Shows Recovery Signs

  

  In February, the Eurozone’s current account surplus dipped to €29.5 billion, down from €39.4 billion previously. While goods and services showed surpluses, secondary and primary income recorded deficits. Germany, a key player, hinted at economic growth in Q1, thanks to unexpected boosts from industry and construction. However, concerns linger over …

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• 18 April 2024 12:31 pm

  European stocks rise supported by the industrial sector

  

  On Thursday, European stocks witnessed a rise, buoyed by the industrial sector’s performance, fueled by positive results from ABB Group. However, Sartorius shares faced a significant decline on the German stock exchange following a quarterly drop in orders. The European STOXX 600 index advanced by 0.2 percent as of 0717 …

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• 18 April 2024 11:52 am

  US Dollar is breathing as investors focus on rates

  

  On Thursday, the dollar experienced a decline as traders assessed the trajectory of interest rates in the United States, spurred by statements from Federal Reserve officials reinforcing expectations of an extended period of monetary tightening. Recent weeks saw the dollar strengthening, propelled by a series of robust US economic data …

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• 18 April 2024 10:53 am

  Oil rises after the re-imposition of US sanctions on Venezuelan oil

  

  Oil prices rose in early trading on Thursday, slightly paring losses from the previous session, after the United States said it would reimpose oil sanctions on Venezuela at a time when the European Union signaled new sanctions on Iran. By 0053 GMT, Brent crude futures rose ten cents, or 0.11 …

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• 18 April 2024 10:27 am

  Gold shines amid geopolitical tensions that enhance the demand for safe havens

  

  Gold prices climbed on Thursday, driven by escalating fears of a widening conflict in the Middle East, which bolstered demand for safe-haven assets. This trend offset concerns about the possibility of prolonged high interest rates in the United States. At 0429 GMT, spot gold rose by 0.6 percent to $2,374.97 …

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• 18 April 2024 2:42 am

  Market Drivers; US Session, April 16

  

  The Dollar’s recent pause gave the opportunity to risk-related assets for some breather. Because of the dollar’s exhaustion following its recent climb, the US Dollar Index (DXY) witnessed a correction, while the risk-averse galaxy saw some rebound despite ongoing geopolitical concerns and a strong belief in an ECB rate drop …

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• 18 April 2024 1:53 am

  Gold Price Retreats About 1% on Fed’s Apparently Hawkish Stance

  

  Improved global risk sentiment and a decline in US Treasury yields have caused gold prices to retreat from daily highs, further pressuring the US dollar. The precious metal is down 0.93%, at $2360.60 per ounce.Although US Federal Reserve officials have been hawkish, there has been a bullish momentum. The US …

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• 18 April 2024 1:36 am

  GBP/USD slides after recording some gains post-UK inflation data

  

  Bets on the beginning of the BoE’s easing cycle is pushed back by market watchers to September. The US Dollar gained strength on Tuesday due to Fed Chair Powell’s hawkish outlook. The Pound might benefit further when the Fed and BoE’s policies coincide. With earlier gains for the day, the …

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• 18 April 2024 12:06 am

  Chip Stocks Drop Following Noteworthy Earnings Report

  

  Chip stocks dropped on Wednesday on the announcement by ASML, a significant manufacturer of machinery used in semiconductor manufacturing, of a 61% sequential decline in bookings for the first quarter. The equipment required to produce the world’s most sophisticated semiconductors, which may cost hundreds of millions of dollars apiece, are …

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• 17 April 2024 11:49 pm

  US Dollar Retreats Following Fed’s Beige Book, Lower Treasury Yields

  

  The Fed’s Beige Book showed slight economic activity expansion since late February, but Fed Chair Jerome Powell warned that there is little progress on inflation and that the bank remains data-dependent. The possibility of a rate cut in the next meeting in June stands at around 15%, and the chances …

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