Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 25 April 2024 3:31 pm

  Gold rises before the announcement of US economic data

  

  Gold prices rose on Thursday with a decline in the dollar, while investors focused on US economic data for clues on the path the Federal Reserve (US central bank) will take regarding interest rates. Gold in spot transactions increased 0.3 percent to $2,324.10 per ounce by 0752 GMT. But US …

  Read More »
• 25 April 2024 2:11 pm

  Oil is stable as the market is affected by US demand concerns and the Middle East conflict

  

  Oil prices saw little change on Thursday amid a decline in fuel demand in the United States, the world’s largest oil consumer, coupled with concerns over a potential escalation of conflict in the Middle East. Brent crude futures edged up nine cents to $88.11 a barrel by 0420 GMT, following …

  Read More »
• 25 April 2024 1:19 pm

  European stocks decline amid mixed corporate profits

  

  European stocks fell on Thursday after mixed earnings from major companies such as Nestle and Deutsche Bank. The European STOXX 600 index fell 0.24 percent by 0745 GMT, affected by losses in the food, beverages and industrial goods sectors. Technology stocks were under pressure after disappointing revenue expectations from the …

  Read More »
• 25 April 2024 12:42 pm

  Gold falls under pressure from a profit-taking wave

  

  Gold prices experienced a decline on Thursday as investors opted to take profits following a sustained uptrend in the precious metal. Additionally, pressure from investment institutions seeking to raise liquidity contributed to the downward movement. Attention shifted towards data on the US economy to gauge indications of the Federal Reserve’s …

  Read More »
• 25 April 2024 6:54 am

  What will Spinney’s achieve from its IPO on Dubai Stock Exchange?

  

  Spinney’s in the UAE and Oman, giant retail series, is planning to obtain financing worth $375 million through an initial public offering of about 25% of its shares, per Reuters.The indicative price per share ranges from 1.42 UAE dirhams to 1.53 UAE dirhams, which may result in financing that may …

  Read More »
• 25 April 2024 6:03 am

  How does Bitcoin halving affect cryptocurrency markets?

  

  Since last halving, i. e. halving Bitcoin mining rewards, the world’s most popular cryptocurrency has been showing a great deal of strength and momentum due to the upbeat effect of this technological process that is repeated approximately every four years.The largest cryptocurrency, in terms of transaction volume, was halved on …

  Read More »
• 25 April 2024 3:14 am

  Gold Stays Firm Ahead of US GDP Data

  

  Buoyed by market demand in the safe haven metal, gold prices have embraced the task of recovering from recent losses amid a stronger US dollar and rising US Treasury yields. The market became more stable as a result of the Middle East tensions de-escalating, which also reduced demand for gold …

  Read More »
• 25 April 2024 1:09 am

  EUR/USD posts modest gains ahead of US GDP data

  

  EUR/USD posts modest gains near 1.0700, benefiting from early Thursday’s weaker US dollar. Orders for US durable goods grew 2.6% MoM in March compared to a previous gain of 0.7%; Core goods rose by 0.2% MoM, which was less than anticipated. The ECB’s dovish posture, which maintains its intention to …

  Read More »
• 25 April 2024 12:22 am

  US Stocks decline following Q1 earnings of Meta, IBM

  

  US stock futures fell on Wednesday night after Meta Platforms reported its latest quarterly results, while traders also awaited the release of key economic data later this week. Futures tied to the Dow Jones fell 76 points or 0.2%, while S&P 500 futures slid 0.6% and Nasdaq 100 futures dropped …

  Read More »
• 24 April 2024 11:03 pm

  GDP Preview: US Economy Likely Expanded at a Solid Pace

  

  The awaited GDP data from the US is predicted by the Dow Jones consensus prediction to demonstrate that the economy grew steadily in the first three months of the year, with an annualized growth rate of 2.4% for Q1. This is slightly less than the 2.5% full-year growth rate from …

  Read More »
• 24 April 2024 9:22 pm

  Tesla shares jump 10% after announcing launch of affordable EVs

  

  Tesla shares jumped over 10% at the market open on Wednesday after the company said it would accelerate the launch of more affordable vehicles, countering reports earlier this month the company would scrap these plans.“We have updated our future vehicle line-up to accelerate the launch of new models ahead of …

  Read More »
• 24 April 2024 8:00 pm

  US Dollar Recovers on Upbeat Durable Goods Orders

  

  The US dollar showed some degree of recovery following the emergence of a positive batch of US data that highlighted an improvement in orders for durable goods in the United States, which came one day after a negative batch that indicated a deterioration in general economic activity, which raised new …

  Read More »
• 24 April 2024 3:50 pm

  Oil rises after an unexpected drop in US crude inventories

  

  Oil prices saw an uptick in early trading on Wednesday, extending gains from the previous session following industry data showing an unexpected decrease in US crude inventories last week. This decline suggested increased demand and shifted attention away from tensions in the Middle East. Brent crude futures edged up by …

  Read More »