Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 8 April 2024 1:34 pm

  Germany Drives European Stocks Higher as Attention Shifts to ECB Policy Meeting

  

  European shares saw a modest uptick on Monday, led by Germany’s DAX, following robust industrial production data from the region’s largest economy. However, cautious sentiment prevailed ahead of the European Central Bank’s policy decision later in the week. The STOXX 600 index edged up 0.2% by 0845, with Germany’s DAX …

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• 8 April 2024 11:57 am

  German exports fall more than expected in February

  

  In February, German exports experienced a more pronounced decline than anticipated, primarily driven by reduced exports to European Union (EU) countries, according to data released by the Federal Statistics Office on Monday. The data revealed a 2% month-on-month decrease in exports for February, surpassing the Reuters poll forecast of a …

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• 8 April 2024 10:44 am

  Oil prices decline as geopolitical tensions in the Middle East ease

  

  In early Asian trading on Monday, oil prices declined by 1 percent as tensions in the Middle East alleviated following Israel’s withdrawal of more soldiers from the southern Gaza Strip and its commitment to engage in new talks regarding a potential ceasefire in the ongoing conflict, which has persisted for …

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• 8 April 2024 7:22 am

  Financial Markets’ Weekly Recap: Jobs Data Renews Speculation on Interest Rate Path

  

  The past trading week witnessed remarkable fluctuations coinciding with the beginning of the second quarter of the year 2024, as strong US economic data raised speculation about the ability of the US Federal Reserve to reduce interest rates and when it might make such a decision. The week concluded with …

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• 5 April 2024 11:30 pm

  Gold hits fresh all-time high amid geopolitical tensions, hot US jobs data

  

  Gold has surged to a new all-time high, demonstrating its role as a safe haven and bucking both the US Dollar and the jump in nonfarm payrolls. Geopolitical threats, physical demand, and US dollar-related fundamentals all continued to drive the price of gold. At the time of writing, gold price …

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• 5 April 2024 10:53 pm

  What will NFP figures mean for US economy, Fed’s rate policy path?

  

  In March, the US economy added 303,000 new jobs. Slightly less people were unemployed, at 3.8%, and earnings increased more quickly than inflation. The highest one-month payroll increase since May was reported in the report. The US economy created 303,000 new jobs in March, exceeding forecasts and demonstrating that the …

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• 5 April 2024 10:04 pm

  Dow Jones Moves Higher Despite Strong US Jobs Report

  

  The Dow Jones Industrial Average is moving higher on Friday, following upbeat US employment figures and hawkish comments by Federal Reserve Governor Michelle Bowman. The index is on track for its worst week in the last year as strong US economic data has put the Fed’s easing plans into question. …

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• 5 April 2024 7:50 pm

  Fed’s Logan: Too soon to consider cutting rates given upside risk to inflation

  

  “I believe it’s much too soon to think about cutting interest rates,” Federal Reserve Bank of Dallas President Lorie Logan said on Friday, citing upside risks to inflation. The US Dollar Index clings to modest daily gains near 104.40 following these comments.Key Quotes “Need to see more of the uncertainty …

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• 5 April 2024 6:41 pm

  US Nonfarm Payrolls for March Surpass Expectations

  

  US Nonfarm Payrolls rose by 303,000 in March compared to a projection of 200,000. According to a Friday report from the US Bureau of Labour Statistics (BLS), nonfarm payrolls (NFP) increased by 303,000 in the US in March. This reading was far higher than the market’s estimate of a 200,000 …

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• 5 April 2024 2:57 pm

  Upcoming Nonfarm Payrolls Report Indicates Growth in March Jobs

  

  As the eagerly awaited monthly U.S. labor market report looms on the horizon, analysts and investors alike brace themselves for its potential impact, recognizing its pivotal role in shaping the trajectory of economic policy. Scheduled for release at 08:30 ET (12:30 GMT), this report holds the potential to sway sentiments …

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• 5 April 2024 1:02 pm

  European stocks decline due to statements about monetary tightening and geopolitical concerns

  

  European stocks experienced a significant downturn on Friday, plunging to their lowest levels in over two weeks, mirroring the global stock market trend. The decline was spurred by statements from certain Federal Reserve officials signaling potential monetary tightening, coupled with escalating tensions in the Middle East. The European STOXX 600 …

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• 5 April 2024 12:18 pm

  Nikkei index records worst weekly performance since December 2022

  

  Oil prices continued their ascent on Friday, poised to mark a second consecutive week of gains, buoyed by geopolitical tensions in Europe and the Middle East, concerns over dwindling supplies, and optimism surrounding global fuel demand as economies recover. Brent crude surged by 49 cents, or 0.5 percent, reaching $91.14 …

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• 5 April 2024 11:42 am

  Dollar rises amid declining hopes for an early cut in interest rates

  

  The US dollar stabilized against major currencies today, stable against other major currencies, stable after its recent decline to its lowest level in two weeks. Traders are awaiting the release of the March Nonfarm Payrolls report later today, which is expected to add 200,000 jobs. This data is considered crucial …

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