Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 23 April 2024 12:22 pm

  Gold falls to its lowest level in more than two weeks as concerns in the Middle East subside

  

  Gold prices fell on Tuesday to their lowest levels in more than two weeks as fears of a broader conflict in the Middle East receded, boosting investors’ appetite for risk and reducing demand for gold as a safe haven. Gold fell in spot transactions about 1 percent to $2,304.99 per …

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• 23 April 2024 3:45 am

  Market Drivers; US Session, April 22

  

  The risk-linked financial assets received much-needed oxygen from diminishing geopolitical fears at the start of a week that will be dominated by impending US inflation numbers and corporate earnings reports. The US dollar posted modest gains during a rather unremarkable start to the week, helping to keep the USD Index …

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• 23 April 2024 3:36 am

  AUD/USD surges on improved risk appetite, positive PMIs

  

  The Australian dollar (AUD/USD) has risen over 0.54% against the US dollar, reaching 0.6449, driven by gains in Wall Street and a flat US Dollar. The Australian Manufacturing PMI, which rose to 49.9 in April, indicates expansion. The US Economic Data Center (CFNAI) also showed a rise in March, with …

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• 23 April 2024 2:25 am

  GBP/USD maintains defensive mark ahead of UK, US PMI data

  

  The GBP/USD pair is on the defensive near 1.2350 during the early Asian session, with the USD Index consolidating gains above 106.10 as traders await preliminary S&P Global Purchasing Managers Index (PMI) data from the US and UK for April. Fed policymakers agree that inflation in the US is slow …

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• 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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