Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 20 April 2024 3:07 am

  To what extent has liquidity levels recently impacted financial assets?

  

  Over the last six months, financial market liquidity has played a major role in supporting credit and equities prices in spite of large fluctuations in Fed forecasts. But with April’s tax deadline drawing near, the liquidity situation is becoming less clear, which might cause uncertainty and increased volatility in the …

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• 20 April 2024 2:52 am

  US dollar slides despite scoring weekly gains

  

  At the time of writing, the US Dollar Index (DXY) is trading at 106.117, down slightly from its previous peak of 106.35. Still, the index is aimed at hitting its peak of 107.10 on November 1. With hawkish predictions on the Federal Reserve and tensions in the Middle East potentially …

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• 20 April 2024 12:20 am

  Gold Price Stabilizes Higher Amid Middle East Escalation Woes

  

  Gold price has stabilized +0.40% trading at %2387.80 per ounce after the precious metal’s earlier surge at $2,417 per ounce following the escalating Middle East conflict between Israel and Iran. The price stabilized after Tehran indicated no immediate plans for retaliation, calming initial fears. US Treasury yields and the US …

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• 19 April 2024 10:59 pm

  How Has Wall Street React to Netflix earnings?

  

  Wall Street is somehow divided regarding Netflix’s first-quarter earnings. After the release of their first-quarter earnings report, Netflix’s stock price is declining. This is mostly because of two things: first, the firm decided not to reveal subscriber numbers in future earnings reports beginning next year; second, the second quarter’s outlook …

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• 19 April 2024 9:17 pm

  USD/CHF edges up following Fed Golsbee’s comments

  

  The US Dollar has retraced losses and is now at levels below 0.9100. A doji candle in the weekly chart and bearish divergence on intra-day charts suggest a deeper correction. USD/CHF bears need to breach the 0.9075 support level to confirm a trend shift. The Federal Reserve is likely to …

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• 19 April 2024 8:55 pm

  Market Participants Still Focusing on Policy Divergence

  

  The US dollar reached new heights this week due to bets on when the Fed will most likely begin its easing cycle. Meanwhile, confidence in an ECB interest rate cut in June continued to build, pushing the EUR/USD down to as low as the 1.0600 region. The EUR/USD is trading …

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• 19 April 2024 8:00 pm

  Fed’s Goolsbee: Makes sense to wait to get more clarity before moving

  

  Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step, This sort of statements could be looked upon as a resonation of the broad hawkish stance and Fed’s tendency …

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• 19 April 2024 3:07 pm

  Russia reduces the share of the Middle East and OPEC in the Indian oil market to unprecedented levels

  

  European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares (EPA:OREP) bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European …

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• 19 April 2024 1:47 pm

  European stocks fall to the lowest level in a month due to tension in the Middle East

  

  European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European STOXX …

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• 19 April 2024 11:37 am

  Japan’s Nikkei fell as chip-related stocks fell and tension in the Middle East

  

  Japan’s Nikkei index suffered its most significant daily decline in over two and a half years on Friday, dragged down by losses in chip-related stocks following the downturn in Taiwan’s TSMC. Additionally, escalating turmoil in the Middle East dampened risk appetite among investors. The Nikkei plummeted 2.66 percent to close …

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• 19 April 2024 11:09 am

  Oil prices jump 3 percent amid reports of Israeli strikes on Iran

  

  Oil prices surged by $3 a barrel on Friday following reports of Israeli missile strikes on a site in Iran, heightening concerns over potential disruptions to oil supplies in the Middle East. Benchmark contracts initially spiked more than $3 before slightly retracing their gains. By 0200 GMT, Brent crude futures …

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• 19 April 2024 10:29 am

  Gold rises amid fears of the expanding scope of the conflict in the Middle East

  

  Gold prices climbed on Friday as risk aversion gripped financial markets following reports of bombings in Iran. These reports raised concerns about a potential escalation in regional tensions, bolstering gold’s status as a safe-haven asset. By 0429 GMT, spot gold rose by 0.3 percent to $2,386.05 per ounce, after briefly …

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• 19 April 2024 1:49 am

  Market Drivers; US Session, April 18

  

  Further hawkish comments from Fed speakers boosted the US dollar and sparked a decent bounce in US yields, while the ECB’s officials maintained dovish stance and continued to advocate the start of the central bank’s rate cut and monetary easing next the summer.Developments In Forex SpaceThe US dollar regained upside …

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