Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Following its February policy meeting, the Bank of England (BoE) announced that it raised the policy rate by 50 basis points (bps) to 4% as expected. Economists suggest this move could be the last big rate increase for Britain’s central bank, which has approved 10 consecutive hikes since a post-pandemic surge in …
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18 May, 2024 12:31 am
Walmart’s Strong Earnings and High-End Customer Base
Walmart recently revealed first-quarter fiscal earnings that were higher than anticipated. During th…
17 May, 2024 10:47 pm
Dow Jones marginally rises on quiet Friday trading
With a marginal increase, Dow Jones seems unchanged on quiet Friday, although it was still significa…
17 May, 2024 9:14 pm
US Dollar Seems Neutral Amid Cautious Remarks By Fed Policymakers
As of right now, the US dollar index is trading at 104.50, indicating a neutral performance (DXY). S…
17 May, 2024 7:46 pm
GBP/USD Rallies as bulls aim for YTD high
During the North American session on Friday, the GBP/USD pair recovered from its losses on Thursday …
17 May, 2024 7:15 pm
Weaker Canadian Dollar May Not Stop BoC’s Divergence From Fed’s Path
In order to prevent a falling currency that could jeopardize the outlook for inflation, the Bank of …
17 May, 2024 1:42 pm
Bitcoin Reverses Gains Amid Fed Warnings on Interest Rates
Bitcoin prices dipped slightly on Friday, erasing some of the gains seen in the past two days as cau…
17 May, 2024 11:38 am
European Stocks Edge Lower Ahead of Key Inflation Data
European stock markets retreated slightly on Friday, as investors awaited crucial inflation data ami…
17 May, 2024 10:33 am
Dollar Faces Largest Weekly Drop Against Euro in Over Two Months Amid Cooling U.S. Inflation and Economic Slowdown
The dollar is on track for its biggest weekly decline against the euro in two and a half months, as …
17 May, 2024 9:59 am
Gold Prices Dip Amid Fed Officials’ Cautious Stance, but Weekly Gains Persist
Gold prices saw a slight decline on Friday, trimming some of the week’s gains, as Federal Rese…
17 May, 2024 9:30 am
Asian Markets Retreat Amid Fed Warnings and Mixed Chinese Data
Asian stock markets faced declines on Friday as a series of warnings from Federal Reserve officials …
Market Analysis
February, 2023
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2 February 2023 2:20 pm
Oil rises with the decline of the dollar and OPEC+
Oil prices rebounded on Thursday after falling in the previous session, as dollar weakness restored some appetite for risky assets and OPEC+’s decision to continue production cuts helped quell oversupply fears. By 0353 GMT, Brent crude futures rose 65 cents, or 0.8 percent, to $ 83.49 a barrel, while West …
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2 February 2023 1:10 pm
BoE Preview: Forecasts from four major banks
The Bank of England (BoE) will announce its interest rate decision on Thursday, February 2 at 12:00 GMT, publishing the Minutes of the meeting and Monetary Policy Report (MPR) alongside. As we get closer to the release time, here are the expectations forecast by the economists and researchers of four …
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2 February 2023 12:30 pm
Nikkei closed higher, supported by technology stocks
The Japanese Nikkei index closed slightly higher on Thursday, supported by technology stocks, after the Nasdaq index jumped on Wednesday night, while the rise of the yen affected exporters and limited the index’s rise. The Nikkei index rose 0.2 percent to close at 27,402.05 points. Of the stocks listed on …
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2 February 2023 6:26 am
Market Drivers On Fed’s Day – US Session 01/02/2023
The US Dollar weakened after the US Fed’s monetary policy decision. The FOMC policymakers decided to hike rate by 25 basis points in line with wide expectations. The FOMC statement indicated that policymakers changed the wording on inflation, noting that it “has eased somewhat but remains elevated,” although there were …
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2 February 2023 6:10 am
WTI tries to benefit from weaker US dollar
The WTI crude oil hovers around three-week low after falling the most in a month. Wednesday witnessed climbing EIA Crude Oil stocks as an additional mixed clue surrounding global economic scene that is tending to favour oil bears.WTI crude oil managed to trim latest losses around the three-week low as …
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2 February 2023 3:00 am
Has FOMC Decision Dragged US Dollar Index Lower?
The US Dollar Index hit lowest level in almost three weeks on Fed’s dovish hike. The Federal Reserve’s decision came in line with 0.25% rate hike expectations but the dovish signals came in Jerome Powell’s remarks about easing inflation in the United States, these signals were most welcome by DXY …
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2 February 2023 1:59 am
USD/CAD erases post-FOMC decline as investors digest Powell’s remarks
Bears are busy reading between the lines and digesting Jerome Powell’s speech. They are cautiously concluding that the US disinflationary process has started. The USD/CAD pair is under pressure and recording fresh multi-day lows retreating to 1.3274 before the latest reading at 1.3290 at the time of writing.The Fed’s rhetoric …
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2 February 2023 1:02 am
USD/JPY falls following FOMC’s rate decision
The USD/JPY pair was rejected at the 20-day EMA and collapsed as the Fed increased rates by 25 basis points. Fed officials stated that more increases would be appropriate in 25 bps size. Powell’s disinflationary comments dragged US Treasury bond yields lower, plunging more than ten bps toward 3.40% as …
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2 February 2023 12:47 am
Gold, Silver Rally Following FOMC’s Rate Decision
Gold and silver prices are higher closer to daily highs in afternoon US trading session on Wednesday, following a broadly expected small interest rate hike by the US Fed.Gold is trading at 1950.14 at the time of writing. April gold was up $15.30 at $1,960.40 and March silver was up …
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2 February 2023 12:02 am
Fed’s Powell : Disinflationary process is in early stages
FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 4.5-4.75% following the first policy meeting of 2023. Key Quotes “Very difficult to manage the risk of doing too little on rates.” “We …
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1 February 2023 11:33 pm
Fed’s Reserve Statement Indicates Modest Growth, Fed’s View On Inflation
The Fed has published its policy statement after deciding a fresh 25 basis point rate hike. The statement reads as follows: “Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated reflecting …
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1 February 2023 11:01 pm
Breaking: Fed hikes policy rate by 25 bps as expected
The US central bank on Wednesday announced that it raised the policy rate, federal funds rate, by 25 basis points to the range of 4.5-4.75% following the first policy meeting of 2023. This Fed’s decision came in line with the market expectation.
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