Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2024

• 16 January 2024 2:04 pm

  Oil rises in light of the escalation of conflict in the Middle East and tankers diverting their course

  

  Oil prices experienced a slight uptick on Tuesday, driven by escalating conflict in the Middle East. Ship tracking data indicated an increased number of tankers diverting away from the Red Sea following attacks by Yemen’s Houthi movement in the region. Brent crude futures saw a rise of 12 cents, approximately …

  Read More »
• 16 January 2024 12:49 pm

  Gold declines as dollar and Treasury yields rise

  

  Gold faced a marginal decline on Tuesday, influenced by a strengthening dollar and rising US Treasury bond yields. The precious metal saw a 0.2 percent decrease in spot transactions, settling at $2,050.35 per ounce, while US gold futures experienced a modest 0.1 percent increase, reaching $2,054.10. The rise in the …

  Read More »
• 16 January 2024 12:42 pm

  Dollar rises as traders focus on interest rate bets and tension in the Red Sea

  

  The dollar gained ground on Tuesday as investors tempered their expectations of imminent interest rate cuts by the Federal Reserve, influenced by hawkish comments from European Central Bank officials. Meanwhile, concerns over potential attacks on ships in the Red Sea contributed to a reduced appetite for risk. Here’s a breakdown …

  Read More »
• 16 January 2024 2:46 am

  

  Market Drivers – US Session, January 15The firm demand for the dollar encouraged the USD Index to add to last Friday’s gains on the back of the resurgence of risk aversion bolstered by geopolitical concerns, particularly in the Middle East. The DXY has extended its consolidative theme in place since …

  Read More »
• 16 January 2024 2:17 am

  Gold surges above $2050 amid continued geopolitical tensions

  

  Gold price surged due to geopolitical risks in the Middle East. Market expectations of Fed rate cuts in 2024 have boosted Gold’s appeal against a weakening Dollar. The ongoing geopolitical tensions increased risk aversion, with the US and UK retaliating against Iran-backed groups. The US Fed’s increasing odds of cutting …

  Read More »
• 16 January 2024 1:52 am

  European stocks decline as global Davos kicks off

  

  On Monday, European equities generally lost ground, with the STOXX600 falling by 0.5 percent. In November, the Eurozone’s Industrial Production declined once more. The ECB’s aspirations for rate change continue to be met with a stiff wall from policymakers.To start the new trading week, global market indexes dropped and European …

  Read More »
• 16 January 2024 12:34 am

  Oil struggles for direction amid geopolitical tensions

  

  WTI is in the red territory after losing -0.39% on Monday, hovering around $72.50. The fundamentals for crude oil are still weakening, and output is still going strong worldwide. The supply routes between Europe and Asia are still being impeded by the Houthi rebels. Earlier on Monday, US crude oil …

  Read More »
• 15 January 2024 11:13 pm

  Will Davos Discuss What Reforms China Needs To Address Sluggish Growth?

  

  In order to prevent “a fairly significant decline in growth rates,” China must implement fundamental reforms, the chief of the International Monetary Fund cautioned on Monday. At the World Economic Forum in Davos, Switzerland, Kristalina Georgieva told US media outlets that China was confronting both immediate and long-term difficulties.She claimed …

  Read More »
• 15 January 2024 10:10 pm

  Could Western Sanctions Harm US Dollar?

  

  US Treasury Secretary Janet Yellen has cautioned that the dollar’s hegemony in the world may be threatened by economic sanctions imposed on nations including Russia. According to her, there’s a chance that the dollar’s hegemony will be weakened over time if financial sanctions are tied to it. She did, however, …

  Read More »
• 15 January 2024 8:06 pm

  US dollar edges up as Republicans poll rolls out in Iowa

  

  The key state Iowa is set to have its GOP Caucus votes this Monday evening, with Trump expected to win. Despite continuing tensions in the Middle East and Asia, the US dollar is up 0.14%, trading at 102.580. This week’s reports on Michigan consumer sentiment and US retail sales have traders …

  Read More »
• 15 January 2024 4:50 pm

  European Stocks Decline Amid Rising Bond Yields

  

  European stocks experienced a decline on Monday, influenced by a rise in government bond yields and concerns over potential interest rate cuts by the European Central Bank. Dassault Aviation’s shares also contributed to the losses, dropping due to the company’s failure to meet its targeted number of aircraft deliveries. The …

  Read More »
• 15 January 2024 1:25 pm

  Japanese Nikkei Surpasses 36,000 Points for the First Time in 34 Years

  

  On Monday, the Japanese Nikkei index reached a milestone by surpassing the 36,000-point mark for the first time in 34 years. This surge was driven by an increase in the shares of shipping companies and financial institutions, coupled with a decline in US Treasury bond yields and the stabilization of …

  Read More »
• 15 January 2024 12:13 pm

  Dollar declines with interest rate cut bets

  

  The dollar fell on Monday as investors bet again that the Federal Reserve (US central bank) will cut interest rates soon, and the yuan fell to its lowest level in a month after China’s central bank surprised markets by stabilizing interest rates in the medium term. The People’s Bank of …

  Read More »