Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 15 April 2024 6:12 pm

  US Retail Sales rise in March

  

  The US Census Bureau revealed on Monday that Retail Sales in the US experienced a 0.7% increase in March, reaching $709.6 billion. This figure follows a revised 0.9% rise (originally reported as 0.6%) in January and surpassed market forecasts of 0.3%. Excluding automobile sales, Retail Sales surged by 1.1% during …

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• 15 April 2024 2:01 pm

  European stocks start the week cautiously amid geopolitical tensions

  

  European stocks saw gains on Monday, with defense shares leading the charge, as investors weighed the broader implications of escalating tensions in the Middle East. Optimism surrounding potential interest rate cuts also contributed to the improved market sentiment. The European STOXX 600 index edged up by 0.1 percent, with the …

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• 15 April 2024 12:26 pm

  Oil declines after an Iranian attack on Israel

  

  Oil prices dropped as Asian markets opened on Monday, as market participants reduced risk premiums following an Iranian attack on Israel late Saturday, which the Israeli government stated caused limited damage. By 1256 GMT, Brent crude futures for June delivery declined by 24 cents to $90.21 a barrel, while West …

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• 15 April 2024 11:27 am

  Nikkei index declines on the back of the Iranian attack and the selling on Wall Street

  

  Japan’s Nikkei blue-chip index fell on Monday as investors rushed to sell stocks after escalating violence in the Middle East and a sell-off on Wall Street at the end of the week. Shares of the Japanese semiconductor sector followed their American counterparts in decline after a media report stated that …

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• 15 April 2024 10:41 am

  Gold rises with increased demand due to tension in the Middle East

  

  Gold prices climbed on Monday, lingering just below the previous session’s record high, driven by escalating tensions in the Middle East that bolstered demand for the precious metal as a safe haven. As of 0056 GMT, spot gold rose by 0.3 percent to $2,350.59 per ounce, following its historic peak …

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• 15 April 2024 3:10 am

  Financial Markets’ Weekly Recap

  

  US Inflation Surges: CPI Hits 3.5% in March In the latest update from the US Bureau of Labor Statistics (BLS), inflation in the US, as gauged by the Consumer Price Index (CPI), demonstrated a notable uptick. March saw a year-on-year increase to 3.5%, up from February’s 3.2%, surpassing market forecasts …

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• 13 April 2024 1:04 am

  Hawkish Fed bets Push US Dollar to Multi-Months Highs

  

  The US dollar has surged to its highest level since early November due to a heated atmosphere for inflation data and rising US rates. This year, the Fed has indicated fewer opportunities for rate reduction, and hawkish wagers have increased, which is another factor supporting the currency. US Treasury yields …

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• 13 April 2024 12:34 am

  Oil settles around $96 after rallying amid Middle East tensions

  

  WTI crude recovered above $86 earlier on Friday after fluctuating around that mark all week. Even though the EIA predicts a poor forecast for oil demand, oil prices have increased by almost 1%. The US Dollar Index rose 0.72% to 106.015, marking a new five-month high. WTI finished at $94.975 …

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• 12 April 2024 11:20 pm

  ECB sticks to independent dovish stance despite hotter US inflation

  

  Despite rising US inflation, the ECB maintains its independent dovish stance. ECB officials are reiterating their resolve to lower interest rates in June while downplaying worries about US inflation. This is the case even though the US Federal Reserve and the European Central Bank may have different monetary policies, as …

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• 12 April 2024 10:23 pm

  Canadian Dollar declines amid Fed easing expectations

  

  The Canadian dollar has experienced a 1.23% retreat this week, marking its worst weekly performance in almost a year. The US Dollar is rallying, driven by higher US yields and the reassessment of the timing and size of the US Fed’s easing cycle. The Michigan Consumer Sentiment Index deteriorated beyond …

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• 12 April 2024 8:49 pm

  Stock Indexes Retreat After Banking Earnings

  

  Earnings season began on Wall Street with a puzzle. Despite the fact that major banks like JPMorgan Chase and Wells Fargo had higher-than-expected profits, the market as a whole and their equities both fell on Friday. Investors appear uneasy due to JPMorgan’s cautious outlook for the remainder of the year …

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• 12 April 2024 7:51 pm

  Gold price heads to fresh lifetime high amid Middle East crisis

  

  Gold price continues to scale new record highs amid persistent geopolitical tensions. The strong move up seems unaffected by reduced Fed rate cut bets and bullish US dollar. Extremely overbought conditions might prompt some profit-taking around the precious metal. At the time of writing, gold is trading at $2093.70 per …

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• 12 April 2024 6:50 pm

  Following dismal US data, USD/JPY falls as investors take profits

  

  The University of Michigan’s Consumer Sentiment Index has slipped to 77.9, indicating a weakening in US consumer confidence. However, the US Dollar is expected to consolidate weekly gains following hot inflation data. The Consumer Sentiment Index slipped to 77.9 from 79.4 in March, below the market expectation of 79. The …

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