Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2024

• 26 June 2024 3:50 pm

  Wall Street Futures Rise, Driven by Tech Rebound and Upbeat Corporate Outlook

  

  U.S. stock index futures climbed on Wednesday, continuing a recovery in the tech sector, led by a surge in Nvidia shares and an optimistic outlook from delivery giant FedEx. Dow Jones Futures held steady, while S&P 500 Futures gained 0.2% and Nasdaq 100 Futures jumped 0.3%, indicating a positive start …

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• 26 June 2024 2:25 pm

  Oil Prices Edge Higher on Supply Concerns and Strong Demand Outlook

  

  Oil prices continued their upward trajectory on Wednesday, approaching a two-month high, driven by expectations of dwindling inventories during the peak summer demand season and heightened geopolitical tensions in the Middle East. Market Dynamics Brent crude oil futures rose 0.7% to $85.64 a barrel, while U.S. West Texas Intermediate crude …

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• 26 June 2024 1:11 pm

  European Stocks Climb Amidst Anticipation for U.S. Inflation Data and French Elections

  

  European shares advanced on Wednesday, fueled by gains in mining and technology stocks, as investors eagerly awaited the release of crucial U.S. inflation data and the outcome of the French elections later in the week. The pan-European STOXX 600 index rose 0.4% by mid-morning, with the technology sector leading the …

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• 26 June 2024 12:06 pm

  Asian Stocks Waver as U.S. Inflation Data Looms and Yen Nears Critical Level

  

  Asian stock markets experienced a choppy trading session on Wednesday, as investors braced for a pivotal U.S. inflation report and kept a watchful eye on the yen, which hovered near the psychologically significant 160-per-dollar level, raising concerns about potential intervention by Japanese authorities. Market Sentiment and U.S. Rate Expectations Risk …

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• 26 June 2024 1:06 am

  Will the Australian dollar resume its uptrend?

  

  A report, by Credit Agricole Bank, contains expectations for the price movement of the Australian dollar in light of the monetary policy rhetoric that has been adopted by the interest rate statement by RBA and the statements of the central bank’s Chair following the announcement of keeping rates unchanged last …

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• 25 June 2024 11:34 pm

  Market Drivers; US Session, June 25

  

  Along with a respectable increase in US rates, the US dollar recovered some of the ground it had lost during Monday’s dismal session, and investors’ forecasts of a September and December rate drop remained unchanged. A modest increase in US rates helped the USD Index (DXY) overcome its Monday decline …

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• 25 June 2024 10:54 pm

  US Stocks Mixed as Nvidia Rebounds, Tech Leads Gains

  

  Mixed performance was the expression that best describes Tuesday’s US stock market. The S&P 500 had a little increase, but the tech-heavy Nasdaq Composite saw a roughly 1% increase. Still, the Dow Jones Industrial Average dropped by almost 1%. This uneven performance came after the IT industry, especially Nvidia, a …

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• 25 June 2024 9:56 pm

  Fed Leans Hawkish, Rate Cuts in 2024 Uncertain

  

  In 2024, the Federal Reserve changed its position on interest rates dramatically. The salient features are as follows: Rate-cut hopes are dampened by persistent inflation. Due to the ongoing high pace of inflation, initial expectations of three rate decreases this year have been drastically reduced. Fed officials who have previously …

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• 25 June 2024 7:29 pm

  Tesla Tops Industry In Profit Per Vehicle Despite Faulty Cybertrucks

  

  Tesla has topped the auto industry in profit per vehicle for the year through March, with Tesla’s net profit being the highest among top automakers. Nine of 12 top global automakers made more money per vehicle in the year ended March than the previous year due to recovering supply chains …

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• 25 June 2024 6:10 pm

  Gold prices in red territory ahead of PCE data

  

  Gold CFDs are -0.40% down, trading at $2323.40 and spot gold is -0.45% down, trading at $2323.97 at the time of writing. As traders await additional information and news before taking positions, the gold market is experiencing a muted sentiment. Further hints regarding the direction of US interest rates—which are …

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• 25 June 2024 4:31 pm

  Dollar’s Yen Advance Halted by Intervention Fears

  

  The dollar’s relentless ascent against the yen faced a speed bump on Tuesday, as traders cautiously avoided breaching the 160 yen threshold due to growing concerns about potential intervention by Japanese authorities. Meanwhile, Bitcoin, the leading cryptocurrency, experienced a partial rebound after suffering its worst single-day loss in over two …

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• 25 June 2024 1:50 pm

  Bitcoin Price Dips Further Amidst Regulatory Concerns and Inflation Fears

  

  Bitcoin’s downward trajectory continued on Tuesday, as the cryptocurrency grappled with a confluence of negative factors, including regulatory concerns, particularly surrounding U.S. actions and German government sales, coupled with broader risk aversion in the market. The world’s largest cryptocurrency slid 2.4% in the past 24 hours, reaching $61,332.0 by 01:22 …

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• 25 June 2024 11:55 am

  Gold Prices Dip Amid Dollar Strength and Inflation Watch

  

  Gold prices retreated in Asian trade on Tuesday, remaining within a narrow band around the low $2,300s as a resilient dollar and anticipation of key U.S. inflation data dampened investor appetite for the precious metal. Despite a slight overnight dip in the dollar, the greenback held its ground, buoyed by …

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