Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2024

• 23 January 2024 6:43 pm

  Bitcoin Plummets Below $39,000 as Aggregate Liquidations Surge to $320 Million Within 24 Hours

  

  Bitcoin (BTC) faced heightened volatility on Tuesday, slipping below the crucial $39,000 threshold and registering a 4.33% decline over the past 24 hours. As of the latest update, the primary cryptocurrency was exchanging hands at $38,955. This market movement prompted a significant liquidation event, affecting 124,153 traders and resulting in …

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• 23 January 2024 5:49 pm

  Goldman Sachs expects to cut US interest rates 4 times in 2024

  

  Joshua Shifrin, the international head of trading strategy at Goldman Sachs, has stated that the bank anticipates the US Federal Reserve to cut interest rates four times in 2024. He also expects inflation in the United States to reach 2% during the year. Shifrin suggests that the first half of …

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• 23 January 2024 3:35 pm

  European stocks open flat, healthcare losses erase impact of mining gains

  

  European stocks started trading on Tuesday with a relatively stable performance. Mining stocks experienced gains, partially offset by losses in healthcare stocks. Investors are anticipating the European Central Bank’s upcoming monetary policy meeting. As of 0822 GMT, the European STOXX 600 index settled at 472.66 points. Industrial and precious metals …

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• 23 January 2024 2:41 pm

  Gold shines as dollar declines amid anticipation of central bank decisions

  

  Gold prices saw an increase on Tuesday as the US dollar weakened, with investors anticipating interest rate decisions from various central banks and key economic data from the United States later in the week. In spot transactions, gold rose by 0.5 percent to $2,030.64 per ounce by 0545 GMT, and …

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• 23 January 2024 1:14 pm

  Yen fell as the Bank of Japan maintained an easy monetary policy

  

  The yen experienced a decline on Tuesday following the Bank of Japan’s decision to maintain its ultra-loose monetary policy at the conclusion of its two-day meeting, aligning with market expectations. The Japanese currency initially dropped by approximately 0.3 percent, reacting to the central bank’s decision to keep the short-term interest …

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• 23 January 2024 12:01 pm

  Oil stabilizes amid mixed indicators regarding supplies

  

  Oil prices experienced minimal changes on Tuesday as traders grappled with conflicting data on supply and demand, amidst rising tensions in the Middle East and disruptions to production in the United States due to cold weather issues. As of 03:53 GMT, Brent crude futures dipped by two cents to $80.04 …

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• 23 January 2024 3:18 am

  Gold holds above $2,020 ahead eof key central bank meetings

  

  Gold prices remain range-bound at $2021.48, trading at the time of writing. Markets are cautious ahead of a busy week of policy meetings with central banks, including the Bank of Japan. The US Dollar Index moves in a tight range around 103.32. The Fed Funds Futures market sees no change …

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• 23 January 2024 2:34 am

  Market Drivers – US Session, Jan. 22

  

  Monday’s market was driven by shifting trends in risk appetite. This week will see a lot of G10 central banks make interest rate decisions, which will likely affect the tone of the overall market as well as important US data releases and advanced PMIs. With fluctuating appetite for risk and …

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• 23 January 2024 1:26 am

  Bank of Japan expected to hold rates amid need for hints on inflation status

  

  The central bank of Japan unlikely to make a move on Tuesday, when it is anticipated to see no changes to the Bank of Japan’s key monetary policy settings, with the major focus being on how Governor Kazuo Ueda evaluates the progress made in achieving the sustainable inflation required to …

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• 23 January 2024 12:22 am

  Treasury yields decline following upbeat data

  

  US Treasury bond yields decline on Monday from record highs this year after positive batches of US data revived hope that a “soft landing” could be achieved by the Federal Reserve.The Consumer Confidence Index issued by the University of Michigan rose this January to 78.8 points, compared to the previous …

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• 22 January 2024 11:34 pm

  European stocks extend recent gains amid recent FOMO wave

  

  In general, European indices surged to begin the new business week. In a nod to last week’s bidding fervor, risk appetite is driving stocks higher. Investors suffering from FOMO are prioritizing stocks above data threats.Monday saw gains in all of the European equity indexes as traders piled into the market …

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• 22 January 2024 10:22 pm

  US dollar experiences mild losses ahead of PCE data

  

  The Dollar Index, or DXY, is trading at roughly 103.20 and is slightly down. This week’s important US inflation and economic activity reports are due. The market’s predictions about the Fed’s rate cuts keep changing. At 103.25, the dollar is presently trading slightly lower. This small decline is due to …

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• 22 January 2024 8:35 pm

  Canadian dollar has thin trading ahead of BoC decision

  

  The Canadian dollar is experiencing limited momentum as markets flatten out in a quiet North American trading session. The Bank of Canada’s rate decision on Wednesday is expected to have a limited impact on the Canadian dollar. The latest New Housing Price Index figures from Canada are due in the …

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