The US economy continues to demonstrate its resilience, with the service sector leading the way. The Institute for Supply Management (ISM) reported a significant surge in the Services PMI for September, indicating robust growth. This positive development suggests that the economy is on a solid footing and is not at …
Read More »Bitcoin Sinks Below $90K Amid Fed Uncertainty; Cloudflare Outage Adds to Market Strain
Bitcoin slid to its lowest level in nearly seven months on Tuesday, briefly breaching the $90,000 th…
Wall Street Extends Losses as Nvidia Earnings, Delayed Jobs Data Keep Risk Appetite in Check
U.S. equities fell Tuesday, deepening November’s pullback as investors trimmed exposure to mega-cap …
U.S. Factory Orders Rebound in August, but Core Capex Softer Than First Estimated
U.S. new orders for manufactured goods rose in August, snapping the prior month’s decline, though a …
Dollar dips as dovish Fed comments weigh; euro steadies, yen firms on rising JGB yields
The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Gov…
Oil slips as Russian exports resume; traders eye sanctions drag and 2026 surplus
Crude prices fell nearly 1% on Tuesday after Russia’s Novorossiysk port resumed loadings, easing imm…
Bitcoin sinks below $90,000 as Fed uncertainty and data backlog sap risk appetite
Bitcoin slid to its lowest level in nearly seven months on Tuesday, breaking below the $90,000 handl…
European shares slump as AI valuation jitters deepen; Nvidia in focus, oil eases as Russian exports resume
European equities fell sharply, mirroring Wall Street’s tech-led selloff as investors questioned the…
Gold slips as dollar firms; markets eye delayed U.S. payrolls
Gold extended losses in Asian trading, pressured by a firmer U.S. dollar as traders pared back expec…
U.S. Stocks Rise on Strength in Chipmakers and AI Shares
U.S. equity markets opened the week higher, supported by strong performance in technology stocks, pa…
Canada inflation slows to 2.2% in October as gasoline, food and mortgage costs ease
Canada’s annual inflation cooled to 2.2% in October, helped by cheaper gasoline, slower grocery infl…
Market Analysis
October, 2024
-
3 October 2024 7:39 pm
Wall Street Opens Mixed Following US Economic Data
Wall Street’s main indexes were mixed on Thursday after data showed strong service activity in the world’s largest economy, while cautious investors watched for any escalation in the Middle East conflict.The benchmark S&P 500 pared losses after the Institute for Supply Management survey showed service sector activity, which makes up …
Read More » -
3 October 2024 4:52 pm
U.S. Jobless Claims Rise Slightly, Remain Near Four-Month Low
The number of Americans filing for first-time unemployment benefits increased more than expected last week, though the figure remains close to the lowest level in four months, signaling continued strength in the U.S. labor market. Initial jobless claims for the week ending Sept. 28 rose to 225,000, up from a …
Read More » -
3 October 2024 3:05 pm
U.S. Stock Futures Fall as Middle East Tensions Escalate and Jobs Report Looms
U.S. stock futures continued to decline on Thursday, as rising tensions in the Middle East and the upcoming release of the official jobs report weighed on market sentiment. By 06:00 ET (10:00 GMT), Dow Futures had dropped by 125 points, or 0.3%, S&P 500 Futures were down 18 points, or …
Read More » -
3 October 2024 1:31 pm
U.S. Dollar Rises Amid Robust Jobs Data and Middle East Uncertainty
The U.S. dollar strengthened on Thursday, supported by robust employment data and geopolitical tensions in the Middle East. At 08:30 GMT, the Dollar Index, which measures the greenback against a basket of six major currencies, rose by 0.2%, reaching 101.597, close to its recent three-week high. Labor Market Strength Fuels …
Read More » -
3 October 2024 12:14 pm
European Stock Markets Mostly Fall Amid Middle East Conflict and Key Economic Data Awaited
European stock markets declined on Thursday as ongoing tensions in the Middle East dampened investor sentiment. Traders are also awaiting the release of key regional economic activity data, particularly services PMI reports, which could influence monetary policy expectations. By 07:05 GMT, Germany’s DAX index fell 0.4%, while France’s CAC 40 …
Read More » -
3 October 2024 11:50 am
Oil Prices Climb Amid Middle East Conflict Despite Rising U.S. Crude Inventories
Oil prices surged on Thursday as escalating tensions in the Middle East raised concerns about potential disruptions to crude flows from the key exporting region. Despite a rise in U.S. crude inventories, the threat of a widening conflict overshadowed the stronger global supply outlook. By 06:15 GMT, Brent crude futures …
Read More » -
3 October 2024 2:05 am
Market Drivers; US Session, Oct. 2
The US dollar continued to rise and hit new three-week highs, supported by growing US rates and an ongoing risk-on attitude in reaction to escalating Middle East tensions. The US Dollar Index (DXY) surged to all-time highs of over 101.70 as a result of the ongoing risk aversion and growing …
Read More » -
2 October 2024 11:34 pm
Middle East conflict boosts oil prices despite large US crude buildup
Oil prices increased due to concerns about potential disruptions in Middle East oil supplies. A large increase in U.S. crude oil inventories limited the rise in prices. Iran launched a significant missile attack on Israel. Israel and the United States vowed to retaliate for the attack. Israel may target Iranian …
Read More » -
2 October 2024 10:58 pm
Gold Prices Retreat on surging T-Yields as Middle East Tensions Ease
As traders watched Israel’s response to Iran’s attack on Tuesday, gold retreated during the North American session on Wednesday and continued to decline by 0.50% each day. Following consecutive gloomy sessions since last Friday, traders’ attention is still focused on geopolitics, which has helped to push up gold prices. The …
Read More » -
2 October 2024 10:29 pm
Is China’s Stock Market Rally A Risky Path to Economic Recovery?
China’s stock market has been on a wild ride in recent weeks, propelled by a series of aggressive government stimulus measures. While the rally has temporarily buoyed investor sentiment, it also raises significant concerns about the sustainability of China’s economic recovery.The surge in stock prices has been driven primarily by …
Read More » -
2 October 2024 9:32 pm
Fed’s Barkin: Rate Cut Was A Pause, Not A Pivot
The Federal Reserve’s recent decision to lower interest rates by half a percentage point marks a significant shift in its monetary policy stance. However, as Richmond Fed President Thomas Barkin has emphasized, this does not signal an end to the battle against inflation.Barkin’s assessment aligns with the broader consensus among …
Read More » -
2 October 2024 8:30 pm
Oil Prices Boost US stocks
New York Stock Exchange is experiencing a volatile trading session, with Wall Street indices opening lower amid escalating tensions in the Middle East, fueled by ongoing Israeli military operations in southern Lebanon. Economic data released on U.S. labor market conditions indicated a continued improvement in job growth, a trend the …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations