Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2024

• 7 May 2024 5:36 am

  What is behind Gold’s Ascending Uptrend: Key Factors, Market Insights

  

  Gold prices have recently surged to historical levels, mainly capitalizing on several factors that have come to the forefront, including its prestigious status as a trusted safe haven. In this article, we’ll delve into these elements and explore their impact on the precious metal’s bullish trajectory.The Federal Reserve’s decisions, including …

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• 7 May 2024 12:58 am

  Oil rises amid escalating Middle East tensions

  

  Oil prices closed trading on Monday in an upward direction, supported by the escalating tensions in the Middle East after the launch of Israeli military operations in southern Gaza, which threatens a humanitarian catastrophe that the United Nations and other human rights organizations have warned of.Oil futures rose to $78.62 …

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• 6 May 2024 11:48 pm

  RBA’s Causiously Handling Inflation, Growth, AUD

  

  The Reserve Bank of Australia is at a turning point in history, and both the financial markets and people will be impacted by its looming action. The stakes are high as RBA Governor Michele Bullock gets ready to reveal the monetary policy. Let’s attempt to examine the main elements at …

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• 6 May 2024 10:45 pm

  US dollar opens new trading week lower

  

  The U.S. dollar continues its decline since the start of Monday’s trading, influenced by employment data released last Friday. Both job growth and wage growth in the United States have shown signs of weakening.Dollar Index Movement:The dollar index, which measures the performance of the U.S. currency against major currencies, dropped …

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• 6 May 2024 9:31 pm

  US Stocks Surge on Strong Jobs Data

  

  US Stocks on Wall Street continue to achieve significant gains, driven by crucial employment data. These numbers hold great importance and directly impact the Federal Reserve’s decisions and the future trajectory of interest rates.Non-Farm Payrolls (NFP) Report: In April, the NFP added 175,000 jobs in non-agricultural sectors, surpassing the previous …

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• 6 May 2024 8:05 pm

  Sterling Traders Eying 1.2600

  

  During the North American session, the British Pound registered modest gains versus the US Dollar. The Bank of England (BoE) will decide on monetary policy in a week. An upbeat market sentiment underpins the GBP/USD’s higher trading at around 1.2579, above a key support level. The GBP/USD is neutral to …

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• 6 May 2024 3:07 pm

  Oil Prices React to Saudi Moves and Gaza Tensions

  

  Oil futures surged on Monday following Saudi Arabia’s decision to increase crude prices for most regions in June, coinciding with escalating tensions in the Gaza Strip, raising concerns about a broader conflict in the major oil-producing area. At 0852 GMT, Brent crude futures climbed by 73 cents, or 0.9 percent, …

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• 6 May 2024 2:04 pm

  Bitcoin Rebounds Amid Rate Cut Speculation

  

  Bitcoin saw a marginal rise on Monday, rebounding from bear market territory over the weekend, although uncertainties lingered amidst heightened speculation regarding potential U.S. interest rate cuts. Benefiting from a significant decline in the dollar following weaker-than-expected nonfarm payrolls data, Bitcoin recovered from recent lows, climbing 1.7% in the past …

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• 6 May 2024 11:56 am

  Oil prices rise in futures after Saudi Arabia raises the price of Arab crude

  

  The dollar was broadly stable on Monday, May 6, after a report showed a slowdown in job growth in the United States, and raised hopes that the US Federal Reserve would cut interest rates this year, while the yen fell after a wave of volatility resulting from what is believed …

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• 6 May 2024 10:44 am

  Gold rises, affected by tensions in the Middle East and hopes of a US interest rate cut

  

  Gold prices rose on Monday, May 6, as continued tensions in the Middle East and expectations that the US Federal Reserve will begin lowering interest rates later in the year increased the appeal of the precious metal. Gold rose in instant transactions 0.3% to $2,309.24 per ounce by 0427 GMT. …

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• 6 May 2024 9:48 am

  Oil Futures Rise Amid Saudi Price Hike and Gaza Tensions

  

  Oil futures saw an uptick on Monday, May 6, following Saudi Arabia’s decision to raise crude prices for most regions in June, coupled with escalating concerns over the conflict between Israel and Hamas, which could potentially impact oil production. At 0119 GMT, Brent crude futures climbed 28 cents, or 0.3%, …

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• 6 May 2024 3:44 am

  Weekly Recap: Dollar Weakness Yields to Gold and Risk Asset Gains

  

  US Dollar Index (DXY) Slips on Weak Employment Data Significant losses were incurred by the US Dollar Index (DXY), closing the North American session on Friday around the 105 mark, in contrast to the week’s opening reading of 106.093. This decline followed the release of US employment data for April, …

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• 4 May 2024 4:11 am

  Wall Street Rallies on Softer US Data, Giants’ Results

  

  On Friday, the stock market rallied, continuing its upward trajectory for a third week. Despite a weaker-than-expected jobs data for April that heightened investor expectations for a rate decrease by the Federal Reserve later this year, this bullish feeling persisted.What is driving the US stock market?Wall Street is generally cheering …

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