Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2024

• 26 February 2024 9:19 pm

  USD/CAD rises ahead of US Durable Goods, GDP

  

  The USD/CAD pair rose +0.09% and is trading at 1.3519 at the time of writing. Earlier on the day, the pair was in a slow drift near the 1.3500 handle, with Canada wholesale trade likely falling 0.6% in January. US New Home Sales rose 1.5% vs 7.2% previous, with Durable …

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• 26 February 2024 8:13 pm

  US stocks trade mixed ahead of key data releases

  

  Wall Street’s main indexes reached new all-time highs last week, with the Dow Jones Industrial Average (DJIA) at 39,143.98, the Nasdaq Composite up 0.15% at 16,015.32, and the S&P 500 trading near Friday’s closing level at 5,088 midday on Monday. The Energy Sector is the best-performing major S&P sector in …

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• 26 February 2024 5:40 pm

  US Dollar Weakens in European Markets Amidst Yield Slowdown and Awaited Economic Data

  

  Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …

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• 26 February 2024 4:35 pm

  European Stocks Retreat as Dollar Strength Dampens Sentiment

  

  European Markets Witness Decline Amidst Dollar Strength and Inflation Data Anticipation European stocks commenced trading on Monday with a downturn, as dollar-denominated commodities faced diminished appeal in light of the strengthening US currency. Investors remained on edge, awaiting pivotal inflation data releases scheduled for this week in both the eurozone …

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• 26 February 2024 2:17 pm

  European Stocks Retreat as Dollar Strength Dampens Sentiment

  

  European Markets Witness Decline Amidst Dollar Strength and Inflation Data Anticipation European stocks commenced trading on Monday with a downturn, as dollar-denominated commodities faced diminished appeal in light of the strengthening US currency. Investors remained on edge, awaiting pivotal inflation data releases scheduled for this week in both the eurozone …

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• 26 February 2024 1:13 pm

  Oil Prices Dip Amidst Inflation Concerns and Market Uncertainty

  

  Early Asian Trading Reflects Persistent Pressure on Oil Prices Early Asian trading on Monday witnessed a continuation of the downward trend in oil prices, extending losses from the previous session. Concerns surrounding higher-than-expected inflation and its potential impact on US interest rate policy weighed heavily on market sentiment, amplifying uncertainty …

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• 26 February 2024 1:04 pm

  Dollar Gains Momentum Ahead of Key Economic Data

  

  Dollar Strengthens in Anticipation of Crucial Economic Indicators The dollar asserted its strength on Monday as market participants braced for a week replete with significant economic data releases. With a particular emphasis on inflation metrics, investors keenly await insights into global interest rate expectations, shaping currency market dynamics. Key Economic …

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• 26 February 2024 1:39 am

  Financial Markets Recap: Gold, stocks take the lead as Fed awaits US inflation data

  

  Last week’s trading closed with risk-linked assets overperforming safe haven assets, leading to a weekly loss in the US dollar versus gains for gold as well as US stocks over the week, as most risk assets kept surging. An interesting competition was strong between the minutes ff the Fed’s last …

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• 24 February 2024 3:06 am

  Dow Jones closes rallying week with a fresh record

  

  The S&P 500 surged just above the flatline, notching a new closing high, while the Dow Jones increased 0.2%, or about 60 points, claiming a fresh record of its own. The Nasdaq Composite headed in the opposite direction, finishing down 0.3% after a blockbuster week.Investors appeared to catch their breath …

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• 24 February 2024 1:55 am

  Surging risk appetite triggered US dollar’s recent weekly decline

  

  The US dollar closed the week’s trading with a -0.30% decline, attributed to a surge in risk appetite. Treasury yields rose amid the Federal Reserve’s cautious approach to rate cuts and inflation data. The dollar’s strength is attributed to persistent inflation concerns, despite global market trends. The US Dollar Index …

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• 23 February 2024 11:43 pm

  Gold records winning week amid positive market sentiment

  

  Gold price surged on Friday, driven by retreating Treasury yields and a prevalent optimistic market sentiment. The risk-on pulse also prevailed, and gold attracted investors, defying typical safe-haven asset trends. Gold price resumed its weekly uptrend and finished the week in the green territory with 1.11% gains, taking advantage of …

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• 23 February 2024 9:20 pm

  The US dollar declines below 104.00 as interest in PCE grows

  

  The DXY exhibits mild daily gains in Friday’s North American session. The Federal Reserve’s measured approach alongside a robust labour market continue to diminish expectations of rate cuts. The market expects no chance for a March rate cut and less than a 25% chance of a cut in May. Investors …

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• 23 February 2024 8:33 pm

  Fed speakers continue to dash Wall Street hopes of rate cut

  

  A number of Federal Reserve policymakers have cautioned against reducing US interest rates excessively or prematurely in light of January’s unexpectedly high inflation. They essentially confirmed the minutes from the Federal Reserve’s most recent meeting in January, which revealed that the majority of central bank officials were apprehensive about the …

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