Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 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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• 19 April 2024 1:31 am

  IMF: Russian economy will grow faster than the US

  

  The International Monetary Fund expects that Russia’s economy will grow by 3.2% in 2024, outpacing all advanced economies, including the US. Despite the war, high investment and robust private consumption have driven Russia’s economy forward. The IMF expects this momentum to fade in 2025, with Russia growing at a rate …

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• 19 April 2024 12:37 am

  Bitcoin recovers as halving countdown attracts attention

  

  The price of bitcoin has recovered to the level of support that drove the bull market in 2023, with nearly nil profit margins for traders. A potential turning point in the decline of the price of Bitcoin is not totally ruled out, though. A week of declining prices for Bitcoin …

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• 18 April 2024 10:56 pm

  XAU/USD boosted on increased central bank purchases

  

  Gold futures continue to rise since the beginning of daily trading on Thursday, driven by increased demand for the precious metal by central banks worldwide. No tangible developments have taken place regarding the current situation in the Middle East since Iran launched attacks on Israel with missiles and drones, and …

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• 18 April 2024 9:56 pm

  Treasury yields climbs after Fed’s Williams remarks

  

  The slightest suggestion of an interest rate hike by a Federal Reserve official ended the US bond market’s rebound. John Williams, the president of the New York Fed, stated that another rate hike is not his base case on Thursday in answer to a question during a conference in Washington. …

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• 18 April 2024 8:57 pm

  EUR/USD drops following ECB members’ dovish remarks

  

  The euro’ rebound is unable to rise over 1.0647, down -0.24%, as ECB policymakers hint at a rate cut in June. Strong employment numbers in the US and some hawkish remarks made by Fed’s Williams have given the USD a new lease on life. The EUR/USD exchange rate is still …

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