Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2024

• 12 February 2024 3:26 pm

  Turkey’s Unemployment Rate Drops to 8.8% in December

  

  Official data released on Monday revealed that Turkey’s unemployment rate experienced a slight decline of 0.1 percentage points on a monthly basis, reaching 8.8 percent in December. This brings the rate closer to the lowest levels observed in a decade, recorded in October. Labor Force Participation Rate Increases According to …

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• 12 February 2024 3:25 pm

  Dollar Steadies Amidst Asian Market Holiday

  

  The dollar found stability on Monday, with most major Asian markets closed for a holiday, delaying the start of what could evolve into a bustling week. Attention now shifts to US inflation data for clues on the Federal Reserve’s potential interest rate cuts. Euro Edges Lower, Eyes on Euro Zone …

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• 12 February 2024 3:24 pm

  European Stocks Rally: Following Wall Street’s Lead

  

  Amidst optimism sparked by Wall Street’s milestone achievement, European stocks surged on Monday, echoing the Standard & Poor’s 500 index’s historic close above the five-thousand-point mark for the first time. Investors turned their attention to a mix of corporate earnings and economic indicators, eagerly anticipating cues for potential interest rate …

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• 12 February 2024 11:42 am

  Gold Prices Hold Steady Amid Holiday Lull, Await Fed Remarks and Data

  

  Gold prices stabilized on Monday, experiencing modest trading activity as investors awaited statements from Federal Reserve officials and key economic data releases. Here’s a breakdown of the latest developments influencing the precious metal market: Stable Gold Prices Amid Holiday Period Gold settled in spot trading at $2,023.03 per ounce, showing …

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• 12 February 2024 10:23 am

  Oil Prices Dip in Asian Trading Amid Easing Middle East Tensions

  

  In early Asian trading on Monday, oil prices saw a slight decline following Israel’s announcement of the cessation of strikes on the southern Gaza Strip, providing some relief from concerns about potential disruptions to supplies from the Middle East. Here’s a closer look at the key developments shaping oil markets: …

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• 12 February 2024 4:55 am

  Weekly Recap: Markets bracketed by Powell’s interview, revised US inflation

  

  Due to the parity of factors that affected the trading environment over the preceding period, the price movement of practically all traded assets closed last week’s trading on the global financial markets with a moderate change.These factors started with investors’ focus on the statements and comments by Federal Reserve Chair, …

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• 10 February 2024 12:44 am

  PepsiCo earnings top estimates, but Q4 revenue slides for the first time in 4 years

  

  PepsiCo reported mixed quarterly results as North American demand for its food and drinks weakened. CEO Ramon Laguarta said that U.S. sales broadly slowed down in the fourth quarter, partly due to pricing and consumers’ disposable income situation. US consumers are also shifting their behavior from eating and drinking at …

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• 9 February 2024 11:52 pm

  EUR/USD capped below 1.0800 despite thin gains

  

  The EUR/USD pair found some room higher but still lacks upside momentum. Final German HICP and CPI inflation brought no surprises.US CPI inflation, EU GDP figures slated for next week. The EUR/USD found some room on the high side on Friday, continuing a near-term recovery. However, the pair remains firmly …

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• 9 February 2024 10:20 pm

  Gold expected to register weekly decline on surging T-yields

  

  Under pressure from high Treasury yields, gold fell on Friday and was on track for a weekly decline as investors anticipated US inflation data the next week for further hints about when the Fed will decrease interest rates.At 10:16 a.m. ET (15:16 GMT), spot gold was down 0.4% at $2,025.49 …

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• 9 February 2024 8:51 pm

  S&P 500 sets a new record high as Tech stocks lead Nasdaq’s rally

  

  The S&P 500 opened at a new all-time high above 5,000, with the Technology Sector being the best-performing major sector. The S&P 500 index rose 0.33% to trade at 5,014.3, while the Dow Jones decreased 0.18% to 38,657.35. The Nasdaq gained 0.95% to trade at 15,944. Applied Materials Inc is …

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• 9 February 2024 7:36 pm

  US dollar squashed after lower than expected revised CPI data

  

  The US Dollar is softer after weaker US CPI revisions, with the Dollar Index failing to close above the 100-day Simple Moving Average (SMA) and could slide back below 104. The S&P 500 briefly hit 5,000 after the opening of the trading session, with some risk on creeping in. The …

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• 9 February 2024 4:42 pm

  European Stocks Rise Amid Varied Performances

  

  European stocks saw a mixed but generally positive start to Friday’s trading session, with notable performances in certain sectors offsetting broader market dynamics. Here’s a breakdown of the key movements and factors shaping the early market activity: Modest Rise in European STOXX 600 Index At the open, the European STOXX …

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• 9 February 2024 3:06 pm

  Nikkei Retreats from 34-Year Peak Amid Profit-Taking

  

  The Nikkei index in Japan experienced a mild retreat at Friday’s close, stepping back from its highest level in 34 years as investors opted to cash in on gains. Here’s a breakdown of the key movements and factors influencing the market: Nikkei’s Modest Gain and Intraday High The Nikkei edged …

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