Noor Trends News, Technical Analysis, Educational Tools and Recommendations
On Monday, gold prices rallied, edging closer to the highest levels seen in a week, buoyed by a slight retreat in the US dollar and escalating tensions in the Middle East, fostering demand for safe-haven assets. As of 0335 GMT, spot gold surged by 0.4 percent to $2,021.09 per ounce, …
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10 January, 2025 5:03 pm
Delta Air Lines Exceeds Q4 Earnings Expectations on Robust Travel Demand
Delta Air Lines reported fourth-quarter earnings that outperformed Wall Street estimates, propelled …
10 January, 2025 2:51 pm
China’s Central Bank Halts Treasury Bond Purchases Amid Currency Concerns
China’s central bank, the People’s Bank of China (PBOC), announced on Friday the suspens…
10 January, 2025 12:58 pm
European Markets Edge Lower as Investors Await U.S. Jobs Data
European stock markets traded slightly lower on Friday as investors exercised caution ahead of the r…
10 January, 2025 11:10 am
Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand
Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third conse…
10 January, 2025 10:42 am
Gold Prices Inch Higher Amid Rate and Trade Jitters, Copper Boosted by China Stimulus Hopes
Gold Market Highlights Gold Extends Weekly Gains Amid Uncertainty Spot gold rose 0.1% to $2,672.12 p…
10 January, 2025 3:20 am
What Can Markets Expect from December’s US Employment Data?
US employment data significantly influences market price movements. By examining preliminary employm…
9 January, 2025 9:59 pm
Loonie Declines Despite US Market Pause
The Canadian Dollar continued its downward spiral on Thursday, losing another 0.1% against the US Do…
9 January, 2025 8:45 pm
BoE’s Breeden: Some evidence of activity weakening, but we expect it to pick up again
Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stabi…
9 January, 2025 7:50 pm
Fed’s Harker Signals Continued Rate Cuts, But Urges Caution
Philadelphia Federal Reserve President Patrick Harker reiterated his belief that the U.S. central ba…
Market Analysis
February, 2024
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19 February 2024 7:37 am
Weekly Financial Recap: US Data Dominates Market Sentiment
In the pulse of the financial world, the spotlight of the past week fell squarely on key US economic indicators, particularly inflation data, igniting a flurry of activity and recalibration across markets. Inflation Insights Headline US inflation for January came in at 3.1%, a modest improvement that fell slightly short …
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17 February 2024 2:55 am
USD/JPY holds above 150.00 ahead of the weekend
The USD/JPY pair has risen to 150.16, driven by US inflation figures and a positive consumer outlook. Federal Reserve officials Bostic and Daly have expressed caution about rate cuts and urged patience before the Fed begins its easing cycle. The Producer Price Index report shows inflation in the US is …
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17 February 2024 1:19 am
Gold touches three-day high amid inflation concerns
Gold touched $2015 per ounce earlier on Friday, supported by the softer US dollar and rising US Treasury yields in the face of ongoing inflationary signals. The price of an ounce of the precious metal is $2012.51 at the time of writing.US PPI and Core PPI beat estimates, suggesting persistent …
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17 February 2024 12:50 am
BoE’s Pill: Weak UK activity puts no significant pressure on inflation
Bank of England Chief Economist and Monetary Policy Committee member Huw Pill gave talking points while participating in a panel discussion at the Annual National Association for Business Economics Economic Policy Conference, in Washington DC late Friday. Key Quotes UK labour market remains tight, driven by both weak supply and …
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17 February 2024 12:14 am
GBP/USD surges on strong UK data despite mixed US data
Amid evident US data volatility, the GBP/USD pair is rising on the strength of strong UK retail sales data that is above expectations. The US PPI increased more than predicted, pointing to continuous inflation; the UK’s sales boom indicates consumer optimism.A cautious stance on inflation by the Fed weakens the …
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16 February 2024 10:27 pm
S&P 500 is trying for sixth-straight winning week
US Stocks are little changed on Friday after another hot inflation report stoked fears that Federal Reserve rate cuts may not arrive until later than anticipated this year. The S&P 500 and Dow Jones Industrial Average teetered around the flatline, while the Nasdaq Composite slid 0.2%. The producer price index …
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16 February 2024 8:17 pm
Fed’s Bostic: Expecting two rate cuts in 2024
Federal Reserve Bank of Atlanta President Raphael Bostic told CNBC on Friday that his outlook is for a reduction in policy rate in the summer time, per Reuters.The US Dollar Index showed no immediate reaction to these remarks and was last seen posting small daily gains at 104.33.Bostic noted that …
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16 February 2024 7:44 pm
EUR/USD falls as PPI signals policy tightening
The EUR/USD pair has fallen to 1.0759 as US inflation data surpasses expectations, indicating sustained Fed attentiveness. January’s Producer Price Index (PPI) increased 0.3% MoM, exceeding estimates, while the core PPI also beat forecasts, jumping sharply to 0.5% MoM from -0.1% in December. The ECB’s cautious approach to rate cuts …
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16 February 2024 5:41 pm
US Core Producer Price Index Surges, Exceeding Expectations
In January 2024, the US core producer price index, which excludes food and energy costs, experienced a notable surge, rising by 0.5% compared to the previous month. This robust rebound marked a significant turnaround from the 0.1% decline observed in the preceding month, surpassing market forecasts that had anticipated a …
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16 February 2024 2:50 pm
Dollar Slips Amid Strong US Data but Anticipation of Fed Rate Cut Persists
The US dollar faced a second consecutive session of decline on Thursday, following the release of a mix of robust US economic data. However, market sentiment remains geared towards the Federal Reserve’s potential interest rate cut in June, marking the first adjustment since the onset of the Covid-19 pandemic. Dollar …
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16 February 2024 1:36 pm
Turkish Lira Faces Significant Decline Amid Economic Uncertainties
The Turkish lira experienced a notable decline in trading on Friday, nearing the threshold of 31 lira against the US dollar. This downturn comes amidst ongoing economic challenges and concerns over inflationary pressures. Government’s Optimism on Portfolio Flows: Turkish Finance Minister Mehmet Simsek expressed optimism regarding net portfolio flows to …
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16 February 2024 12:47 pm
Positive Retail Sales Data Boosts British Economy
Data released by the National Bureau of Statistics in Britain on Friday morning revealed a positive uptick in retail sales during January, signaling encouraging signs for the country’s economic recovery. The report indicated a notable growth in retail sales, surpassing market expectations and showcasing resilience amidst ongoing economic challenges. Annual …
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