Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 23 April 2024 12:59 am

  Gold price retreats to one-week low on easing geopolitical tensions

  

  Easing geopolitical threats and a rising US dollar cause gold to retreat substantially from recent highs. Gold is -2.75% down; trading at $2326.10 per ounce at the time of writing. Gold prices are under pressure because Fed members, particularly Chairman Powell, have a hawkish view on interest rates. As expectations …

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• 22 April 2024 11:17 pm

  Dow Jones advances amid improved risk appetite

  

  The Dow Jones climbed to a five-day high on Monday near 38,400.00 before settling close to 38,230.00 at the closing bell. The major equity index is still down over 4% from late March’s record peaks, but it continues to pump the brakes on any meaningful declines, trading well above the …

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• 22 April 2024 10:07 pm

  Will SNB become the first Western central bank to hold Bitcoin reserves?

  

  Switzerland’s central bank is urged by a group of Bitcoin supporters to include Bitcoin in its strategic reserves. A campaign to persuade the Swiss National Bank (SNB) to include Bitcoin in its balance sheet has been started by a group of proponents of the cryptocurrency in Switzerland. The nonprofit group …

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• 22 April 2024 9:48 pm

  Canadian dollar recovers ahead of US PMI figures

  

  As data-driven markets wait for the US PMI reading, the Canadian dollar finds space on the upper side. Up to Wednesday’s CAD Retail Sales, there is still insufficient data for Canada. US PMIs on Tuesday are predicted to indicate a modest increase in activity.On Monday, the Canadian dollar saw a …

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• 22 April 2024 8:37 pm

  EUR/USD Slightly Retreats, Maintains Bearish Trend Intact

  

  The Euro’s recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro.This week the US GDP and PCE Prices Index figures might give a fresh boost to the US dollar. …

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• 22 April 2024 7:36 pm

  Meme coins’ mad surge is back following Bitcoin’s halving

  

  Amid cautious optimism, a number of meme currencies are soaring, with a few recording double-digit gains in spite of the typical weekend slowdown. Top gainers in the sector are BONK, FLOKI, PEPE, and SHIB, while DOGE is attempting to catch up following Dogecoin Day. The reason for the spike in …

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• 22 April 2024 3:44 pm

  Dollar is stable after a volatile week, yen is in focus ahead of the BoJ

  

  On Monday, the dollar stabilized against both the euro and the yen following a week marked by significant fluctuations in currency markets. Traders were closely analyzing the impact of monetary policy developments and geopolitical events. Attention is particularly focused on the yen’s position ahead of the Bank of Japan’s scheduled …

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• 22 April 2024 2:29 pm

  Gold declines 1% as fears of expanding conflict in the Middle East recede

  

  On Monday, gold prices experienced a decline of more than 1 percent as concerns about an escalating conflict in the Middle East eased, leading to reduced demand for safe-haven assets. Traders were also awaiting key inflation data in the United States later in the week for insights into potential changes …

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• 22 April 2024 1:33 pm

  European markets open higher supported by anticipation of major banks’ results

  

  European stocks opened higher on Monday as investors awaited the earnings reports of several major banks. Notably, shares of Portuguese company GALP surged to their highest level in 16 years following positive results from gas exploration in Namibia. As of 0716 GMT, the European STOXX 600 index had risen by …

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• 22 April 2024 12:46 pm

  Oil prices fall as tensions between Iran and Israel ease

  

  Oil prices experienced a decline on Monday, influenced by a renewed focus on market fundamentals, as Israel and Iran downplayed the potential escalation of hostilities in the Middle East following a limited Israeli strike on Iran. Brent crude futures dipped by 67 cents, or 0.77 percent, to $86.62 per barrel …

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• 22 April 2024 4:05 am

  Weekly Recap: Stocks Fall as Tech Loses Ground, Geopolitical Unrest Persists

  

  Reports about missile attacks hitting Iran in the early hours of Friday prompted a flight for safety across financial markets. Financial markets immediately experienced risk aversion. US stock index futures were down between 0.55% and 0.8% in the early European session, reflecting the risk-averse environment in the market. The US …

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• 20 April 2024 3:07 am

  To what extent has liquidity levels recently impacted financial assets?

  

  Over the last six months, financial market liquidity has played a major role in supporting credit and equities prices in spite of large fluctuations in Fed forecasts. But with April’s tax deadline drawing near, the liquidity situation is becoming less clear, which might cause uncertainty and increased volatility in the …

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• 20 April 2024 2:52 am

  US dollar slides despite scoring weekly gains

  

  At the time of writing, the US Dollar Index (DXY) is trading at 106.117, down slightly from its previous peak of 106.35. Still, the index is aimed at hitting its peak of 107.10 on November 1. With hawkish predictions on the Federal Reserve and tensions in the Middle East potentially …

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