Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2025

• 7 February 2025 10:33 am

  Oil Prices Steady but Headed for Third Weekly Decline Amid Oversupply Fears and Trade Tensions

  

  Oil prices remained largely unchanged in Asian trading on Friday but continued to be on track for their third consecutive weekly decline, driven by concerns over a supply glut and U.S.-China trade tensions. Brent Oil Futures: $74.27 per barrel (flat) U.S. Crude (WTI) Futures (March): $70.33 per barrel (flat) Weekly …

  Read More »
• 7 February 2025 3:03 am

  Gold Prices Retreat Amid Profit Taking, Stronger Greenback

  

  Gold prices experienced a downturn, influenced by a confluence of factors including a strengthening US dollar, rising Treasury yields, and profit-taking by traders. This decline occurred despite underlying market jitters related to US equities and employment data. Gold’s upward momentum stalled on Thursday, as US Treasury yields rebounded and the …

  Read More »
• 6 February 2025 11:57 pm

  USD/CAD Creeps Up as Markets Brace for Jobs Reports

  

  The USD/CAD pair edged higher to around 1.4305 late Thursday, supported by slightly firmer US yields. Market caution prevailed due to ongoing uncertainty surrounding US trade policy, particularly regarding potential tariffs on Canada. While a 30-day delay on tariffs was granted, the threat persists, and any renewed trade tensions could …

  Read More »
• 6 February 2025 10:51 pm

  Dow Jones Dips Amid Tech Sector Struggles

  

  The Dow Jones Industrial Average (DJIA) fell by approximately 150 points on Thursday, reaching around 44,750. While overall US equities saw gains, the Dow was weighed down by losses in major tech stocks following disappointing earnings reports.Several tech companies missed revenue and growth expectations, impacting investor sentiment. Economic data was …

  Read More »
• 6 February 2025 9:57 pm

  Decoding Looming NFP Report: A Deep Dive into the Numbers and Market Implications

  

  The U.S. Bureau of Labour Statistics (BLS) is poised to release its January Nonfarm Payrolls (NFP) report, a critical economic indicator that provides insights into the health of the U.S. labour market. The consensus forecast anticipates an increase of around 170,000 jobs, following a 256,000 increase in December. This report …

  Read More »
• 6 February 2025 8:45 pm

  BoE Cuts Rates, Warns of Inflation, Slashes Growth Forecast

  

  The Bank of England recently cut interest rates to 4.5% from 4.75% and significantly lowered its economic growth forecast for 2025 from 1.5% to 0.75%. While they upgraded growth predictions for 2026 and 2027, they also warned of rising inflation due to increased energy and water bills, potentially reaching 3.7% …

  Read More »
• 6 February 2025 7:01 pm

  GBP Tumbles After Rates Slashed

  

  The British Pound (GBP) plummeted against the US Dollar (USD) on Thursday, shedding nearly 1% after the Bank of England (BoE) delivered a surprise interest rate cut. The GBP/USD pair tumbled to a low of 1.2359, reflecting the market’s reaction to the BoE’s unexpectedly dovish stance and subsequent forecasts of …

  Read More »
• 6 February 2025 3:56 pm

  European Stocks Rise as Investors Await BoE Rate Decision and Earnings Reports

  

  European stock markets advanced on Thursday, with investors keeping a close watch on the Bank of England’s (BoE) upcoming rate decision and digesting a wave of corporate earnings reports. Germany’s DAX: +0.8% France’s CAC 40: +0.6% UK’s FTSE 100: +1.2% Bank of England Expected to Cut Rates The BoE is …

  Read More »
• 6 February 2025 2:47 pm

  Oil Prices Recover Slightly After Saudi Price Hike

  

  Oil prices edged up on Thursday, partially recovering from the previous day’s drop, after Saudi Arabia’s state-owned oil company raised its March crude prices sharply. However, the gains barely made a dent in the significant decline of Brent crude the day before. Oil Price Movements Brent Crude Futures: $74.89 (+0.4%) …

  Read More »
• 6 February 2025 1:54 pm

  Gold Prices Hold Steady Amid U.S.-China Trade Tensions

  

  Gold prices maintained a steady upward trajectory in Asian trade on Thursday, staying close to their record highs as fears surrounding the U.S.-China trade war continue to fuel demand for safe-haven assets. Gold Market Update Spot Gold: $2,869.17 (+0.1%) Gold Futures (April): $2,887.90 (-0.2%) Record High: $2,882.53 (hit on Wednesday) …

  Read More »
• 6 February 2025 12:27 pm

  Bitcoin Holds Steady as U.S.-China Trade Tensions Weigh on Market

  

  Bitcoin remained largely stable on Friday, reflecting muted risk appetite amid escalating trade tensions between the U.S. and China. Meanwhile, MicroStrategy (NASDAQ:MSTR) reported its fourth consecutive quarterly loss, though it continued expanding its Bitcoin holdings. Bitcoin Market Update Bitcoin (BTC/USD): $97,742.7 (-0.3%) as of 00:35 ET (05:35 GMT) Market Sentiment: …

  Read More »
• 6 February 2025 2:48 am

  Gold Prices Peak, Face Fresh Challenges

  

  Gold’s relentless climb has propelled it to unprecedented heights, reaching a record peak. However, this impressive rally has also triggered overbought conditions, raising the specter of a potential pullback. While the long-term bullish trend remains intact, traders are now closely monitoring key support levels for signs of a potential correction. …

  Read More »
• 6 February 2025 1:31 am

  USD/JPY Freefall: 1.13% Drop Signals Deeper Downtrend

  

  The USD/JPY currency pair experienced a significant drop, falling 1.13% to 152.59. This sharp decline occurred as the pair decisively broke through both the 200-day Simple Moving Average (SMA) and the Ichimoku Cloud (Kumo), signaling a strengthening downtrend and potential appreciation of the Japanese Yen.The 175-pip drop on Wednesday confirms …

  Read More »