Oil prices continued their upward trajectory in Asian trading on Friday, poised for substantial gains in June. This ascent was fueled by growing concerns over potential supply disruptions stemming from escalating geopolitical tensions in Russia and the Middle East, overshadowing fears of slowing demand despite a surprising increase in U.S. …
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
June, 2024
-
28 June 2024 9:33 am
Asian Stocks Shine in June, Buoyed by Fed Hopes and Tech Boom
Asian markets concluded June on a high note, driven by optimism surrounding potential interest rate cuts by the Federal Reserve later this year due to a cooling U.S. economy. South Korea’s KOSPI index led the charge with an impressive 5.9% gain, boosted by the surging chipmaking sector and the growing …
Read More » -
28 June 2024 4:27 am
Market Drivers; US Session, June 27
USD Retreats on Eve of PCE Data The US Dollar Index (DXY) pared back gains from its recent surge above 106.00, as cautious investors awaited the release of crucial US inflation data (PCE). The PCE figures, due on June 28th, will be the main focus, along with Personal Income, Spending, …
Read More » -
28 June 2024 4:15 am
What can markets expect from the PCE print?
Market expectations are pointing toward a fresh decline in both headline and core Personal Consumption Expenditures (PCE) figures for the United States, set for release on Friday. Current projections suggest a possible drop in the headline PCE index to 2.6% for May, down from the previous month’s reading of 2.7%. …
Read More » -
28 June 2024 3:10 am
US Dollar Under Pressure Following Fresh Data
The US dollar has been under downward pressure since the open of trading on Wall Street following the release of a batch of data that aligns with the Federal Reserve’s preferred trajectory.DXY PerformanceThe Dollar Index, which measures the performance of the US dollar against a basket of major currencies, fell …
Read More » -
28 June 2024 12:30 am
BlackBerry stock surges on positive earnings report
BlackBerry stock has surged after its Q1 earnings report, surprising Wall Street by beating revenue expectations. The company’s revenue beat expectations, with a share revenue of 100 and 33 million, which was a narrower than expected quarterly loss. Companies are on track to be both profitable on a non-gap basis …
Read More » -
27 June 2024 10:47 pm
Gold climbs as USD falls, Treasury yields dip
The XAU/USD Index has rebounded from a two-week low following inflation data from Canada and Australia. The Dollar Index (DXY) dropped 0.12% to 105.91, off a monthly high of 106.13. The Federal Reserve’s preferred gauge for inflation, the May PCE, is expected to decrease from 2.7% to 2.6% YoY, with …
Read More » -
27 June 2024 9:49 pm
CAD’s performance mixed as traders await GDP data
The Canadian dollar experienced mixed performance on Thursday due to mixed US data. Canada is absent from the economic calendar until Friday’s GDP update for April, leaving CAD traders to shuffle. However, Friday’s US PCE Price Index inflation is set to eclipse Canadian GDP figures entirely, as a key reading …
Read More » -
27 June 2024 9:22 pm
Fed official: Rate cut likely in Q4
Federal Reserve President Raphael Bostic expects to begin lowering interest rates later in 2024, stating that inflation doesn’t have to fall all the way to 2% for him to favor a cut. Bostic is currently monitoring progress toward the annual target of lowering interest rates, and sees plausible scenarios in …
Read More » -
27 June 2024 7:40 pm
Walgreens earnings miss market expectations
Walgreens reported fiscal earnings that fell short of expectations and slashed its full-year adjusted profit outlook due to a “challenging” environment for pharmacies and US consumers. The company topped revenue estimates for the quarter on strong performance in its health-care segment, as the results come as Walgreens works to slash …
Read More » -
27 June 2024 3:31 pm
Toyota Motor Corp. Reports Fourth Consecutive Decline in Global Sales Amidst Challenges
In a press release issued today, Toyota Motor Corp., the world’s leading automaker by sales volume, announced a 2.0% year-on-year decline in global sales for the month of May. This marks the fourth consecutive month of declining sales for the company. Key Figures: Global Sales: Decreased by 2.0% to 888,491 …
Read More » -
27 June 2024 2:40 pm
Oil Prices Rise Amid Middle East Tensions, Despite Unexpected US Inventory Build
Oil prices rebounded on Thursday, defying concerns over a surprise increase in U.S. crude stockpiles, as escalating geopolitical tensions in the Middle East raised concerns about potential supply disruptions. Brent crude futures, the international benchmark, climbed 0.9% to $86.01 a barrel, while U.S. West Texas Intermediate crude futures also rose …
Read More » -
27 June 2024 1:24 pm
Dollar Dips, Yen Weakened to Intervention Territory as Focus Shifts to Economic Data and Political Events
The U.S. dollar retreated slightly in early European trading Thursday, relinquishing some of the previous session’s gains, while the Japanese yen continued its downward trajectory, reaching levels that could prompt intervention from authorities. Key Takeaways: Dollar Eases: The Dollar Index, which measures the greenback against a basket of six major …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations