Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2024

• 20 February 2024 11:19 am

  Gold Prices Steady Despite Dollar and Bond Yield Rise

  

  Gold prices maintained stability on Tuesday, resilient to a surge in the dollar and Treasury bond yields. Investors awaited insights from the Federal Reserve’s latest meeting minutes for potential clues regarding interest rate cuts. At 0341 GMT, the spot price of gold settled at $2,018.03 per ounce, with most US …

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• 20 February 2024 3:03 am

  Market Drivers – US Session, February 19

  

  The ongoing Gaza crisis as well as fresh Houthi attacks are keeping barrel prices high. Monday saw a test of $78.11 a barrel for West Texas Intermediate crude, finding the opportunity to gain momentum as US markets were closed in observance of the federal holiday known as American President’s Day. …

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• 20 February 2024 2:51 am

  WTI trades above $78.00 on continued supply concerns

  

  The ongoing Gaza crisis as well as fresh Houthi attacks are keeping barrel prices high. Monday saw a test of $78.11 a barrel for West Texas Intermediate crude, finding the opportunity to gain momentum as US markets were closed in observance of the federal holiday known as American President’s Day. …

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• 20 February 2024 1:33 am

  Gold price consolidates gains ahead of FOMC minutes

  

  On Monday, during a calm North America session, gold price was able to climb up 0.24& to $2017.50, driven by US inflation surpassing forecasts. Given that the USD has declined since last Tuesday, gold’s appeal is increased by the decreased probability of impending Fed rate cuts. In the meantime, traders …

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• 20 February 2024 12:12 am

  Morgan Stanley faces accusations of cheating EU regulators

  

  In an attempt to comply with the post-Bri9exit rules, EU regulators believe that they were misled into thinking that Morgan Stanley has relocated top executives to Europe in order to comply with the rules in place.Morgan Stanley has been accused of fabricating a false job title for one of its …

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• 19 February 2024 9:44 pm

  US stocks slightly recover post hotter than expected inflation figures

  

  Markets are closed on Monday for the Presidents’ Day holiday. Stocks have nearly recovered after last week’s inflation report, with the S&P 500 closing down 0.4% but cracking a new record-high on Thursday. The Dow Jones Industrial Average slipped 0.1% for the week and the Nasdaq Composite fell 1.3%. The …

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• 19 February 2024 8:52 pm

  World geopolitical tensions could impact record US stock rally

  

  The Middle East war poses a significant risk to earnings as boycotts and Red Sea shipping chaos disrupt supply chains. This could impact the record rally in US stocks, as expectations for profits at S&P 500 companies for the next 12 months are at a record high. The war could …

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• 19 February 2024 7:52 pm

  EUR/GBP advanced in quiet trading

  

  The EUR/GBP stands at 0.8555 in Monday’s session, jumping above the 20-day SMA. Sticky European inflation may push the ECB to a more aggressive stance toward the easing cycle.The week’s highlight will be the British and the EU’s Manufacturing PMIs from February. As long as markets bet on the BoE …

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• 19 February 2024 3:42 pm

  Bitcoin Surges Above $52,000 Mark Amidst Rapid Recovery Further Surge

  

  Bitcoin experienced a significant uptick, surpassing the $52,000 barrier after swiftly recovering from Saturday’s decline. Monday witnessed vigorous buying activity, propelling the price to its highest levels in the past five days, marking a notable resurgence to levels unseen since November 2021. Technically, Bitcoin faces minimal resistance levels until it …

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• 19 February 2024 3:41 pm

  European Stocks Dip Amid Economic Concerns and Varied Corporate Performance

  

  On Monday, European stocks faced a downturn, with French equities particularly impacted following the government’s downward revision of its annual economic growth forecast. Meanwhile, individual company performances showcased a mix of outcomes, with Forvia’s optimistic forecasts contrasting Juventus’ widened net losses. STOXX 600 Index Edges Lower The European STOXX 600 …

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• 19 February 2024 1:31 pm

  China’s tourism revenues during the Lunar New Year holiday exceed the pre-pandemic level

  

  Official data has revealed a remarkable surge in tourism revenues in China during the Lunar New Year holiday, which concluded on Saturday, with a staggering year-on-year increase of 47.3 percent. This surge has not only surpassed 2019 levels but also underscored the robustness of domestic tourism amid an extended holiday …

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• 19 February 2024 1:29 pm

  Nikkei Slightly Lower but Near Record Highs Amid Chip Sector Pressure

  

  On Monday, Japan’s Nikkei average edged lower but maintained proximity to record highs, influenced by declines in chip-related stocks following losses in their US counterparts on Friday. The Nikkei index slipped by 0.04 percent, concluding the day at 38,470.38 points, after reaching 38,865.06 points on Friday. Notably, it remained a …

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• 19 February 2024 12:09 pm

  Dollar Maintains Stability Amidst Inflation Uncertaintiesd Rate Cut Persists

  

  In the wake of last week’s economic data revealing ongoing challenges in US inflation, the dollar steadied on Monday, reflecting cautious sentiment regarding the Federal Reserve’s potential monetary easing strategies. Despite market uncertainties, the yen remained weak, hovering in proximity to the significant threshold of 150 against the dollar. US …

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