Open Demo Account

Market Analysis

April, 2024

  • 3 April 2024 1:31 pm

    Japan’s Nikkei index closed lower

    Japan’s Nikkei index closed lower on Wednesday, affected by a decline in the shares of Fast Retailing, which owns the Uniqlo supermarket chain, in addition to a decline on Wall Street on Tuesday night. Shares of technology companies fell, tracking their counterparts in the United States, and the strong earthquake …

    Read More »
  • 3 April 2024 12:08 pm

    European stocks stabilize ahead of inflation data

    Traders traded European stocks in a narrow range on Wednesday and remained cautious ahead of a key inflation report that could affect expectations about the timing of the European Central Bank’s first interest rate cut. The European STOXX 600 index was flat at 0715 GMT. After the inflation report in …

    Read More »
  • 3 April 2024 10:38 am

    Oil prices rise as supply concerns weigh on the market

    Oil prices extended gains on Wednesday, as a larger-than-expected decline in US crude inventories and escalating geopolitical tension raised investor concerns about tight supplies. Brent crude futures for June delivery rose 20 cents, or 0.22 percent, to $89.12 a barrel, while US West Texas Intermediate crude futures for May delivery …

    Read More »
  • 3 April 2024 2:11 am

    Market Drivers; US Session, April 2

    As European investors got back to work after the long Easter break, the US dollar declined from its recent highs, providing some much-needed relief in the risk-linked world. The USD Index (DXY) dropped to 104.70 from recent heights over 105.00 as a result of fresh selling pressure on the US …

    Read More »
  • 3 April 2024 1:52 am

    Will Bitcoin Rally Following Halving Event?

    Bitcoin halving is a scheduled event that takes place every almost four years and its main result is to lower the reward for miners in order to validate transactions by fifty percent. The protocol of Bitcoin includes this method to limit the rate of inflation and guarantee a limited number …

    Read More »
  • 3 April 2024 1:04 am

    Oil-linked Stocks Surpass Big Tech Ahead of Crucial OPEC+ Meeting

    Big Tech’s reign over the market might was remarkable since the onset of this year, but this pioneering role is facing a challenge now as assets linked to oil, and broadly energy are surpassing the performance of Wall Street’s Big Tech. After a stellar first quarter, energy stocks have roared …

    Read More »
  • 3 April 2024 12:15 am

    Amid Rising T-yields, Geopolitical Concerns, Gold Reaches Fresh All-Time High

    Gold has reached an all-time record high of $2,280 due to geopolitical tensions and strong US data. The recent attack of Israel against an Iran embassy in Syria on April 1 supported Gold’s rise despite higher US Treasury yields and a strong US Dollar. Economic data from the US prompted …

    Read More »
  • 2 April 2024 10:31 pm

    After winning Q1, Dow loses over 450 points amid rough start of Q2

    The Dow dropped 488 points, or 1.2%. The benchmark had dropped more than 500 points. The S&P 500 dropped 0.9%, while the Nasdaq Composite dropped 1.1%. Stocks had a difficult start to the second quarter as sticky inflation data from last week’s end and some positive economic data on Monday …

    Read More »
  • 2 April 2024 9:24 pm

    AUD/USD retreats following upbeat US data

    The Australian dollar’s recovery is losing momentum, as US data beats expectations. US Factory Orders and JOLTS Job Openings endorse the view of a robust economy in the United States with a tight labour market. The AUD/USD pair is up 0.31%, trading at 0.6509 at the time of writing.Cleveland Fed …

    Read More »
  • 2 April 2024 7:42 pm

    Sterling Reaping Fruit of Upbeat UK Data

    The Pound Sterling has reacted positively to the strong UK Manufacturing PMI, which showed a 1.3% increase in March, the slowest pace since December 2021. The UK’s Manufacturing PMI landed above the 50.0 threshold, marking expansion from contraction at 50.3, higher than expectations and the former reading of 49.9. The …

    Read More »
  • 2 April 2024 6:32 pm

    US JOLTS Job Openings edge higher than forecast

    The number of job openings on the last business day of February stood at 8.75 million, the US Bureau of Labour Statistics (BLS) reported in the Job Openings and Labour Turnover Survey (JOLTS) on Tuesday. This reading followed 8.74 million (revised from 8.86 million) openings in January and came in …

    Read More »
  • 2 April 2024 4:28 pm

    Gold rises to an unprecedented level

    Gold prices surged to a new record high on Tuesday, driven by demand from influential investment funds despite a stronger dollar and expectations of prolonged higher US interest rates. At 1055 GMT, gold rose 0.5 percent in spot trading to $2,262.51 per ounce, after hitting unprecedented levels at $2,266.59. This …

    Read More »
  • 2 April 2024 2:50 pm

    Inflation slowed in Germany

    Inflation in Germany slowed down in March, reaching a level of 2.3% compared to 2.6% in February 2024. This brings Germany closer to the European Central Bank’s inflation target of 2%. Economists surveyed by Reuters had anticipated that Germany’s harmonized inflation rate would be 2.4% in March, down from 2.7% …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends