Open Demo Account

Market Analysis

April, 2024

  • 4 April 2024 11:28 am

    Dollar is Breathing Ahead of the Jobs Data

    On Thursday, the dollar steadied below recent highs as traders awaited US jobs data, finding reassurance in Federal Reserve Chairman Jerome Powell’s remarks suggesting potential interest rate cuts later in the year. The yen remained range-bound amid prospects of government intervention, showing little movement from the 151.56 level it has …

    Read More »
  • 4 April 2024 10:52 am

    Gold continues to soar to unprecedented levels

    Gold prices rose to a record level on Thursday, amid Federal Reserve officials confirming their expectations to cut interest rates in 2024, in addition to anticipating job data in the United States. Gold settled in spot transactions at $2,299.28 per ounce by 0343 GMT, after rising to an unprecedented level …

    Read More »
  • 4 April 2024 10:40 am

    Oil prices rise amid fears of supply shortages

    Oil prices rose in early Asian trading on Thursday amid concerns about supply shortages as major producers continue production cuts, coupled with signs of economic growth in the United States, the world’s largest oil consumer. Brent crude futures for June climbed 15 cents, or 0.2 percent, to $89.51 per barrel …

    Read More »
  • 4 April 2024 4:35 am

    Market Drivers; US Session, April 3

    Mixed US data, further selling pressure, risk appetite and renewed remarks by Fed officials on rate cut are the main factors that have dragged the US dollar lower and put the USD Index (DXY) on track to challenge the 104.00 support after weaker-than-expected data. Further disinflationary pressures in the Eurozone …

    Read More »
  • 4 April 2024 4:01 am

    US stocks edge higher after renewed remarks on rate cuts

    As Fed Chair Jerome Powell reaffirmed that the Fed will probably lower interest rates this year due to inflation’s “bumpy” downward trajectory, US markets saw minimal movement on Wednesday.While the Dow Jones Industrial Average decreased by around the same amount, the S&P 500 increased by roughly 0.1%. The major indices …

    Read More »
  • 4 April 2024 2:48 am

    Gold Rallies Following Mixed US Data, Declining T-yields

    The weaker US dollar and falling US Treasury yields have kept gold prices anchored around $2,300. Fed Chair Powell’s suggestion that rates might be lowered this year, if inflation keeps falling, helped the XAU/USD Index rise. US Data Lifts Gold Price Precious metals are rising even if ADP data shows …

    Read More »
  • 4 April 2024 12:00 am

    Tesla’s Deliveries Raise Fresh Questions About Demand, Earnings

    Tesla’s lower-than-expected Q1 vehicle deliveries led most analysts to lower their estimates for the electric carmaker’s full-year earnings. After a brief decline, the stock price somewhat increased by Wednesday’s closing.Unmet Goals and Business Obstacles Tesla exceeded even the most bullish expert estimates in Q1 by delivering 386,810 cars. This was …

    Read More »
  • 3 April 2024 11:00 pm

    Oil Prices climb as OPEC Maintains Production Cuts

    The price of oil kept rising, hitting a five-month high of around $90 per barrel. WTI and Brent crude are both up 0.24%. As of this writing, Brent crude is trading at $89.085 per barrel, while US crude is trading at $85.053 per barrel, up. This rise comes after OPEC …

    Read More »
  • 3 April 2024 10:06 pm

    Canadian dollar bounces up as soft US data hurts the US dollar

    On Wednesday, the US Dollar and US rates dropped, while the Canadian dollar recovered some of the ground it had lost due to weak US services activity data. As a result of negative US data, the US dollar declines while the Canadian dollar rises. Contrary to forecasts, US service sector …

    Read More »
  • 3 April 2024 9:10 pm

    EUR/USD jumps to weekly highs on weak US data

    On Wednesday, the US dollar declines across the board versus rivals, while the euro rises. The US ISM Services PMI’s unexpected dip has allayed worries that the Fed may become more hawkish. The Eurozone CPI earlier on Wednesday showed less forceful price pressures in March than anticipated. During the US …

    Read More »
  • 3 April 2024 6:54 pm

    USD/CHF retreats following dismal US Services PMI

    The USD/CHF pair is facing selling pressure near 0.9100 due to weak ISM Services PMI data from the United States Institute of Supply Management (ISM). The Services PMI, which represents the service sector, fell to 51.4 from expectations of 52.7 and the prior reading of 52.6. The US Dollar has …

    Read More »
  • 3 April 2024 4:22 pm

    Inflation in the Eurozone unexpectedly declines, increasing the chances of a rate cut

    Euro zone inflation unexpectedly fell last month, providing the European Central Bank (ECB) with greater flexibility to consider cutting interest rates from their historically high levels. In March, consumer price growth in the 19 countries that use the euro slowed to 2.4 percent from 2.6 percent in the previous month. …

    Read More »
  • 3 April 2024 1:31 pm

    Japan’s Nikkei index closed lower

    Japan’s Nikkei index closed lower on Wednesday, affected by a decline in the shares of Fast Retailing, which owns the Uniqlo supermarket chain, in addition to a decline on Wall Street on Tuesday night. Shares of technology companies fell, tracking their counterparts in the United States, and the strong earthquake …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends