Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2024

• 13 May 2024 9:27 pm

  Canadian Dollar Trades Flat Amid Light Economic Calendar

  

  The Canadian Dollar flattened on Monday as the new trading week began with a data-light economic calendar. Investors are focusing on rate cut expectations from the Fed with updates to US inflation data due later in the week. On the Canadian front, there was a sharper-than-expected decline in new Building …

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• 13 May 2024 8:12 pm

  EUR/USD gets closer to monthly high amid interest rate cut speculations

  

  The EUR/USD pair has reached a monthly high of 1.0800 due to improved market sentiment and the expectation that interest rate cuts from the ECB will be more and start earlier than the Fed. Financial markets have anticipated that the ECB will reduce interest rates by 70 basis points this …

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• 13 May 2024 7:57 pm

  Treasury yields decline amid light economic calendar

  

  US bond yields continue to decline amid the absence of key economic data, leading to the continuation of factors that had led last week to a decline in dollar assets, most notably employment data.There are also speculations for inflation data; the CPI and PPI data in the United States, as …

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• 13 May 2024 2:42 pm

  European Markets Soar to New Heights, Outperforming US Counterparts

  

  Goldman Sachs strategists reported on Monday that European markets have reached new all-time highs, with the STOXX 600 and Euro Stoxx 50 climbing 10% and 14% year-to-date, respectively, outpacing both the S&P 500 and NASDAQ. The UK, France, Italy, and Spain have all seen market highs since the onset of …

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• 13 May 2024 12:55 pm

  Bitcoin Faces Pressure as Dollar Strengthens Ahead of U.S. Inflation Data

  

  Bitcoin’s price dipped on Monday, once again testing crucial support levels as sentiment towards cryptocurrencies struggled to improve amid anticipation of U.S. inflation data that could influence interest rates. While the dollar stabilized after last week’s losses, it added to the downward pressure on crypto markets. Traders maintained a bias …

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• 13 May 2024 11:20 am

  Dollar Holds Steady as Markets Await U.S. Inflation Data

  

  The dollar consolidated against major peers on Monday as market participants awaited U.S. inflation data to assess the prospects of interest rate cuts this year. After a softer-than-expected U.S. payrolls report for April and seemingly dovish Federal Reserve policy announcement earlier this month, expectations have increased for rate reductions this …

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• 13 May 2024 11:18 am

  Oil Prices Decline Amid Weak Demand Signals and Fed Comments

  

  Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy. Brent crude futures slid 7 cents, or 0.1%, to $82.72 a …

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• 13 May 2024 10:02 am

  Mixed Economic Signals and Trade Tensions Shake Chinese Markets

  

  Most Asian stocks moved in a flat-to-low range on Monday, with Chinese markets logging sharp swings on mixed economic and policy cues, while investors turned cautious ahead of key U.S. inflation data this week. Chinese stocks were pressured by the prospect of more U.S. trade tariffs against the country. A …

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• 13 May 2024 3:25 am

  Financial Markets Recap: Mixed Signals and Market Volatility Shape Investor Sentiment

  

  The U.S. Last week, the U.S. stock market continued its upward trajectory, inching closer to record highs amid light trading volumes. The S&P 500 Index notched its third consecutive week of gains, nearing its all-time peak. While the broader market advanced, the spotlight was on value stocks, which outpaced growth …

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• 11 May 2024 2:29 am

  Gold advances, ignores stronger US Dollar following soft US data

  

  Gold advances on weaker than expected US data despite strong US Dollar Gold rebounds from daily lows, with the assistance of a significant push by a sharp drop in US consumer sentiment and future economic outlook. High US Treasury yields weren’t an excuse for Gold’s advance. US consumers expect inflation …

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• 11 May 2024 12:51 am

  Why is Boeing Attracting Investors’ Attention?

  

  Recently, Boeing has drawn attention from investors and is regularly included in lists of the most-searched stocks. Taking into account both historical and current data, let’s examine the main variables influencing Boeing’s stock performance.Stock Performance in FocusBoeing’s stock has done better than the market as a whole this month, rising …

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• 10 May 2024 9:51 pm

  US Dollar closes the week slightly higher as focus shifts to CPI data

  

  With modest gains on Friday, the US Dollar Index, DXY, closed the week marginally higher. In order to assess the state of the US economy and any potential changes to Fed projections, markets are expecting additional economic data. While investors anticipate the next Federal Reserve’s decisions, the value of the …

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• 10 May 2024 5:59 pm

  USD/CAD sharply declines on strong Canadian jobs data

  

  Following solid Canadian employment figures, the USD/CAD pair plunges impulsively to 1.3636, down -0.30%. On the Canadian front, the number of new payrolls increased by 90.4K, but the rate of annual wage growth decreased to 4.8%. According to Fed’s Bostic, the central bank is unsure about the best time and …

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