Gold prices have been on a steady ascent, buoyed by the anticipation of a potential Federal Reserve rate cut. Despite strong US economic data, the market remains optimistic about a policy shift that could benefit gold. The Economic ContextThe recent upward trajectory of gold prices is a testament to the …
Read More »Silver and Gold Bounce Back: Strong Recovery After Volatile Week
Silver made a striking comeback, climbing to $83.03 per ounce, up nearly 4.7%. After days of sharp s…
Dow Jones Wavers as Palantir Rockets, PayPal Crashes and Gold Shines Again
AI Winners, Earnings Losers, and a Market Caught in BetweenUS stocks delivered a mixed performance o…
U.S. Stock Futures Steady as Investors Brace for Earnings Deluge
U.S. stock index futures were little changed on Tuesday following recent bouts of volatility, as inv…
EUR/JPY Rises as Eurozone Shows Stability, Japan Faces Election Uncertainty
EUR/JPY traded higher on Tuesday, reflecting a mix of stability in the Eurozone and political uncert…
Fed’s Barkin: Shutdown Could Cause Short disruptions, bigger questions Still on jobs and inflation
Richmond Fed President Thomas Barkin said the ongoing US government shutdown is likely to cause only…
Oil Prices Stabilize as Markets Weigh Supply Outlook and Potential U.S.-Iran Thaw
Oil prices steadied on Tuesday after tumbling more than 4% in the previous session, as traders reass…
Bitcoin Bounces From 10-Month Lows but Stays Below $80,000 as Policy Uncertainty Lingers
Bitcoin rebounded modestly on Tuesday after tumbling to near 10-month lows, but the world’s largest …
Gold Rebounds in Asia as Precious Metals Stabilize After Sharp Selloff
Gold prices rebounded strongly in Asian trading on Tuesday, with silver and platinum also advancing,…
European Stocks Edge Higher as Metals Stabilize and Earnings Take Focus
European equities traded slightly higher on Tuesday, supported by a firm close on Wall Street and si…
Bitcoin’s Brutal Journey: From $126K Peak to $78K Reality – Fundamental Forces Driving the 2026 Dip
As of February 3, 2026, Bitcoin (BTC) is trading around $78,000–$79,000 USD, reflecting a sharp pull…
Market Analysis
August, 2024
-
29 August 2024 11:31 pm
US Dollar Rebounds on Positive Growth and Employment Data
The US dollar continued its upward trajectory following the opening of Wall Street trading on Thursday, buoyed by positive economic data on growth and employment in the United States.The dollar index, which measures the performance of the greenback against a basket of six major currencies, rose to 101.31 points compared …
Read More » -
29 August 2024 9:53 pm
Mixed PCE Inflation Data Could Create More Market Uncertainty
The US Personal Consumption Expenditure (PCE) Price Index, a key inflation gauge for the Federal Reserve, presented a mixed picture in June 2024.Headline PCE Eases, Core PCE Holds Steady:The headline PCE inflation rate, which includes both food and energy prices, came in slightly lower than expected for the second consecutive …
Read More » -
29 August 2024 8:40 pm
BTC Rebounds as Bulls Aim for $62,000 Ahead of Hoped PCE’s Relief
Bitcoin price surged by 3% as US economic data aligned with expectations, boosting investor confidence. Amid a market environment characterized by thin liquidity and a potential for predatory behavior, Bitcoin bulls are targeting a price level of $62,000. The recent surge of 3% in BTC price, fueled by US macro …
Read More » -
29 August 2024 7:30 pm
USD/JPY recovers ahead of PCE Inflation Data
The USD/JPY pair recovered and is trading 0.44%, at 145.21 at the time of writing. Earlier on Thursday’s trading, the pair remains confined below the crucial resistance level of 145.00, reflecting a cautious stance from investors ahead of the highly anticipated US Personal Consumption Expenditure (PCE) inflation report for July. …
Read More » -
29 August 2024 1:58 pm
U.S. Dollar Edges Higher Ahead of Key Economic Data; Euro Retreats on Cooling German Inflation
The U.S. dollar gained ground on Thursday, recovering from recent lows as investors awaited key economic data releases that could provide insights into the Federal Reserve’s next moves. Meanwhile, the euro weakened due to signs of cooling inflation in Germany. Dollar Recovers from Recent Lows At 04:10 ET (09:10 GMT), …
Read More » -
29 August 2024 12:07 pm
European Shares Edge Higher as Media and Tech Stocks Offset Global Dip
European shares edged up slightly on Thursday, driven by gains in media and technology stocks, which helped the market buck a global downtrend following underwhelming results from Nvidia. STOXX 600 Index Rises Amid Mixed Sector Performance The pan-European STOXX 600 index gained 0.2% by 0712 GMT, buoyed by a 0.5% …
Read More » -
29 August 2024 11:21 am
Bitcoin Steadies Amid Market Jitters as Traders Eye Key Economic Data
Bitcoin’s price stabilized on Thursday after experiencing sharp declines earlier in the week. The world’s largest cryptocurrency remained in a narrow trading range as investors awaited critical economic data that could influence the Federal Reserve’s next interest rate decision. Bitcoin Holds Steady After Recent Declines After falling sharply on Tuesday …
Read More » -
29 August 2024 10:08 am
Asian Shares Slide as Nvidia’s Earnings Disappoint, Dollar Steadies Ahead of U.S. Data
Asian shares followed Wall Street futures lower on Thursday, with investor sentiment dented by Nvidia’s (NASDAQ: NVDA) less-than-anticipated earnings results. The tech-heavy index’s slip sent ripples through global markets, causing a broader selloff in Asian equities. Meanwhile, the U.S. dollar steadied, and the Treasury yield curve approached a positive turn, …
Read More » -
29 August 2024 9:27 am
Gold Prices Climb in Asian Trade, Near Record Highs as Inflation Data Looms
Gold prices rose in Asian trading on Thursday, edging closer to record highs as the U.S. dollar’s rebound cooled ahead of key inflation data. The yellow metal also benefited from safe haven demand, which was bolstered by disappointing earnings from NVIDIA Corporation (NASDAQ:NVDA) that shook global equity markets. Gold Holds …
Read More » -
29 August 2024 1:24 am
Oil Prices Decline on Smaller-Than-Expected Drop in US Inventories
Oil futures concluded Wednesday’s trading session in the red, influenced by a decline in U.S. oil inventories that was smaller than market expectations. Concerns over Chinese demand also weighed on prices, despite worries about potential supply shortages due to potential reductions in output from the Middle East and Libya.West Texas …
Read More » -
29 August 2024 12:19 am
Nvidia: Q2 earnings exceed Wall Street expectations
Nvidia has announced a significant $50 billion stock buyback. This decision was made by the company’s board of directors and was announced alongside the company’s fiscal second-quarter earnings, which exceeded Wall Street expectations.Nvidia has already returned $15.4 billion to shareholders through share repurchases and cash dividends during the first half …
Read More » -
28 August 2024 11:47 pm
Fed’s Bostic: Inflation has more room to decline
Federal Reserve Bank of Atlanta President Bostic has stated that inflation still has further to fall. He emphasized the need for the central bank to wait for additional data before considering interest rate cuts.Bostic expressed confidence in the solid state of employment, despite the historical context. He stressed the importance …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations