Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2024

• 1 June 2024 12:09 am

  Why have gold prices retreated following PCE data?

  

  Both spot gold and gold futures are down about -0.70 following the US PCE data released on 31/05/2024, the persistent question now is: “What factors and market drivers have recently impacted the performance of the precious metal?”Before we dive into the factors affecting their performance, let’s briefly understand the differences …

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May, 2024

• 31 May 2024 11:13 pm

  Dow Jones rebounds after a heavy week of losses

  

  Dow Jones rebounds from lows near 38,000.00 after heavy backslide. Market sentiment recovering as rate cut hopes rise once again. US PCE Price Index inflation cools faster than expected. The Dow Jones Industrial Average (DJIA) rebounded nearly 580 points on Friday as investor sentiment turned higher after US Personal Consumption …

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• 31 May 2024 8:26 pm

  Oil falls back in red territory following PCE figures

  

  Crude prices gave up on previous attempts to avert losses and ultimately lost -0.69%, trading at $76.85 per barrel, the low of the North American session, while Brent dropped to $81.03 earlier in the day. At the time of writing, Crude Oil (WTI) trades at $77.31 and Brent Crude at …

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• 31 May 2024 5:04 pm

  U.S. Inflation Stalls, Raising Concerns for Fed and Rate Cut Timeline

  

  U.S. inflation remained unchanged in April, raising concerns for the Federal Reserve that the high pace of price increases might persist longer than expected. This development casts doubt on the timeline for potential interest rate cuts. The personal consumption expenditures (PCE) price index, a key inflation gauge closely monitored by …

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• 31 May 2024 3:58 pm

  Dell Stock Plunges on AI Investment Impact, Dampening Profit Outlook

  

  Dell Technologies shares suffered a significant drop of around 14% in premarket trading on Friday, following the company’s announcement that substantial investments in artificial intelligence (AI) technology are expected to weigh on its quarterly profit. This sharp decline could wipe out more than $17 billion of Dell’s market value if …

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• 31 May 2024 2:52 pm

  Eurozone Inflation Surprises Upwards, ECB Rate Cut Still on Track, but Further Easing Under Scrutiny

  

  Euro zone inflation unexpectedly rose in May, signaling a more protracted path towards the European Central Bank’s (ECB) 2% target. While this development is unlikely to derail the anticipated interest rate cut next week, it might prompt a pause in July and a slower pace of easing in the coming …

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• 31 May 2024 1:20 pm

  Dollar Recovers on Inflation Expectations Ahead of PCE Data

  

  The U.S. dollar rebounded in early European trading on Friday, recovering from previous losses as traders awaited the release of key inflation data, which could significantly influence future interest rate expectations. At 04:30 ET (08:30 GMT), the Dollar Index, tracking the greenback against a basket of six other currencies, rose …

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• 31 May 2024 12:19 pm

  European Stocks Hold Steady Ahead of Eurozone Inflation Report

  

  European stock markets experienced mixed trading within narrow ranges on Friday, as investors cautiously awaited the release of crucial eurozone inflation data, which will provide valuable insights into the future direction of global monetary policy. Early trading saw the DAX index in Germany dip 0.2%, while the CAC 40 in …

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• 31 May 2024 9:56 am

  Asian Markets See Modest Gains Amidst Focus on US Inflation, Chinese Stimulus Hopes

  

  Asian stocks experienced slight gains on Friday as investors turned their attention to the upcoming U.S. PCE inflation data, a key indicator that could influence the Federal Reserve’s interest rate decisions. Meanwhile, Chinese markets advanced despite weak economic data, as hopes for further stimulus measures provided a boost. Regional stocks …

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• 31 May 2024 4:50 am

  Market Drivers; US Session, May 30

  

  The US Dollar experienced a corrective movement on Thursday, which helped the risk complex recover some ground before the release of the US PCE and advanced inflation data for the euro area, which are all scheduled for Friday.CurrenciesThe USD Index (DXY) came under pressure and retreated from weekly highs past …

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• 31 May 2024 1:57 am

  PCE Preview: Will Fed’s Hawkish Stance Continue?

  

  Inflation is widely expected to record a slowdown in price growth in the United States, which could pave the way for the Federal Reserve to seriously consider cutting interest rates later this year.Meanwhile, US consumer income and spending readings may record signals that the US economy is not moving at …

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• 31 May 2024 12:46 am

  Dell stock falls 8% despite positive Q1 earnings, revenues

  

  Dell Technologies’ stock fell -8% in after-hours trading on Thursday, despite an all-around earnings beat in its first quarter. The company reported $22.24 billion in revenue and gains of $1.27 per share, beating analysts’ expectations by a large margin. Dell shares are up by over 120% year-to-date. The company’s earnings …

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• 31 May 2024 12:07 am

  Fed officials comment on inflation ahead of key PCE data

  

  Three monetary policymakers contributed their remarks and statements about the labour market, inflation and interest rate policy in the United States ahead of the PCE data that is expected on Friday.Federal Reserve Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta …

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