Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2024

• 27 February 2024 1:39 am

  EUR/USD rises 0.30% on first day of eventful week

  

  The eventful week ahead for the economy saw the EUR/USD pair get off to a dismal start. On Monday, it rose more than a quarter of a percent, or 0.30%, to settle at 1.0850. Prior to price inflation and growth data that is expected in the US and the Eurozone, …

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• 27 February 2024 1:04 am

  Gold price fluctuates amid rising US Treasury yields

  

  Gold prices earlier on Monday fell to $2026.93 an ounce as a result of pressure from the recent increase in Treasury yields. With conflicting expectations for a possible quantitative easing in June, while market sentiment is still erratic. Gold’s price is restrained since the US 10-year Treasury yield is moving …

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• 26 February 2024 10:41 pm

  Explainer: How will PCE data test recent stock market rally?

  

  The S&P 500 and Dow Jones ended the week up almost 1%, while the Nasdaq Composite gained nearly 0.6%, demonstrating the recent robust surge in the stock market. The latest reading of the Fed’s favoured inflation indicator, the Personal Consumption Expenditures (PCE) index, which was released on Thursday, is expected …

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• 26 February 2024 10:19 pm

  Treasury yields rise on first day of eventful trading week

  

  US Treasury bond yields have risen since the start of trading on Monday due to anticipation of economic data, Federal Reserve statements, and earnings reports. The stock market lost momentum after reaching record levels, with traders anticipating a barrage of economic data and statements from Federal Reserve officials that could …

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• 26 February 2024 9:19 pm

  USD/CAD rises ahead of US Durable Goods, GDP

  

  The USD/CAD pair rose +0.09% and is trading at 1.3519 at the time of writing. Earlier on the day, the pair was in a slow drift near the 1.3500 handle, with Canada wholesale trade likely falling 0.6% in January. US New Home Sales rose 1.5% vs 7.2% previous, with Durable …

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• 26 February 2024 8:13 pm

  US stocks trade mixed ahead of key data releases

  

  Wall Street’s main indexes reached new all-time highs last week, with the Dow Jones Industrial Average (DJIA) at 39,143.98, the Nasdaq Composite up 0.15% at 16,015.32, and the S&P 500 trading near Friday’s closing level at 5,088 midday on Monday. The Energy Sector is the best-performing major S&P sector in …

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• 26 February 2024 5:40 pm

  US Dollar Weakens in European Markets Amidst Yield Slowdown and Awaited Economic Data

  

  Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …

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• 26 February 2024 4:35 pm

  European Stocks Retreat as Dollar Strength Dampens Sentiment

  

  European Markets Witness Decline Amidst Dollar Strength and Inflation Data Anticipation European stocks commenced trading on Monday with a downturn, as dollar-denominated commodities faced diminished appeal in light of the strengthening US currency. Investors remained on edge, awaiting pivotal inflation data releases scheduled for this week in both the eurozone …

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• 26 February 2024 2:17 pm

  European Stocks Retreat as Dollar Strength Dampens Sentiment

  

  European Markets Witness Decline Amidst Dollar Strength and Inflation Data Anticipation European stocks commenced trading on Monday with a downturn, as dollar-denominated commodities faced diminished appeal in light of the strengthening US currency. Investors remained on edge, awaiting pivotal inflation data releases scheduled for this week in both the eurozone …

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• 26 February 2024 1:13 pm

  Oil Prices Dip Amidst Inflation Concerns and Market Uncertainty

  

  Early Asian Trading Reflects Persistent Pressure on Oil Prices Early Asian trading on Monday witnessed a continuation of the downward trend in oil prices, extending losses from the previous session. Concerns surrounding higher-than-expected inflation and its potential impact on US interest rate policy weighed heavily on market sentiment, amplifying uncertainty …

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• 26 February 2024 1:04 pm

  Dollar Gains Momentum Ahead of Key Economic Data

  

  Dollar Strengthens in Anticipation of Crucial Economic Indicators The dollar asserted its strength on Monday as market participants braced for a week replete with significant economic data releases. With a particular emphasis on inflation metrics, investors keenly await insights into global interest rate expectations, shaping currency market dynamics. Key Economic …

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• 26 February 2024 1:39 am

  Financial Markets Recap: Gold, stocks take the lead as Fed awaits US inflation data

  

  Last week’s trading closed with risk-linked assets overperforming safe haven assets, leading to a weekly loss in the US dollar versus gains for gold as well as US stocks over the week, as most risk assets kept surging. An interesting competition was strong between the minutes ff the Fed’s last …

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• 24 February 2024 3:06 am

  Dow Jones closes rallying week with a fresh record

  

  The S&P 500 surged just above the flatline, notching a new closing high, while the Dow Jones increased 0.2%, or about 60 points, claiming a fresh record of its own. The Nasdaq Composite headed in the opposite direction, finishing down 0.3% after a blockbuster week.Investors appeared to catch their breath …

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