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 »Behind the Scenes: Netflix Steps Aside as Paramount Moves to Seize Warner in $31 Share Showdown
In a dramatic twist that could redraw the map of global entertainment, Netflix has declined to raise…
Explainer: Geneva Talks Signal a Critical Crossroads As Diplomacy Weigh Market Sentiment
The nuclear negotiations between the United States and Iran on February 26, 2026, in Geneva were not…
Euro Slips Under Pressure from Stronger Dollar
The weaker than expected Eurozone data weighs on market sentiment on Thursday. The euro fell against…
Gold Defies Strong Dollar as Middle East Tensions and Rate Cut Hopes Fuel Demand
Gold remained steady above $5,170 as heightened tensions in the Middle East sustained investor deman…
Wall Street Wavers as AI Fears Shake Tech Stocks
While institutional investors have been selling off software stocks amid concerns about artificial i…
Dollar Pulls Back Against Yen as Rate Expectations Clash Across the Pacific
The US Dollar eased against the Japanese Yen on Thursday, retreating after two consecutive days of g…
Crude Oil Caught Between Diplomacy and Oversupply
Oil prices steadied after recent losses, as traders weighed rising geopolitical tensions against cle…
Measured Uptick in Jobless Claims Signals a Stabilizing U.S. Labor Market
Weekly jobless claims in the United States edged slightly higher last week, reinforcing signs that t…
Stronger UK Data Complicates the Case for BoE’s Rate Cuts
The outlook for interest rates in the UK has become less predictable after a run of firmer-than-expe…
U.S. Futures Slip as Nvidia Earnings Sink In and Investors Eye U.S.-Iran Nuclear Talks
U.S. stock index futures edged modestly lower on Thursday as investors digested quarterly results fr…
Market Analysis
August, 2024
-
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 » -
28 August 2024 9:58 pm
BTC declines, ETH dashes hopes for a long-term upswing
Ethereum’s recent price plunge has shattered hopes of a sustained uptrend. The cryptocurrency has fallen below its rising trendline, indicating a reversal of bullish momentum. Ethereum’s current price of approximately $2,400 is dangerously low for the second-largest cryptocurrency by market capitalization. This breakdown has pushed the asset below the critical …
Read More » -
28 August 2024 8:47 pm
Oil Prices Remain Range-Bound Amidst Libyan Uncertainty
Despite the potential for significant disruptions in Libyan oil supplies and heightened tensions in the Middle East, oil prices have remained relatively stable. Traders have largely discounted the threat of supply shortages, focusing instead on factors such as weak demand from China, the risk of a broader economic slowdown, and …
Read More » -
28 August 2024 7:37 pm
EUR/USD: Rate Cuts, Economic Uncertainty in Volatile Dance
The Euro has faced a tumultuous week, with its value against the US Dollar fluctuating significantly. This volatility can be attributed to a confluence of factors, including the European Central Bank’s (ECB) monetary policy stance, economic indicators, and market sentiment. The EUR/USD pair is trading at 1.1128 at the time …
Read More » -
28 August 2024 2:57 pm
Gold Prices Slip as Stronger Dollar and Inflation Uncertainty Weigh on Markets
Gold prices fell on Wednesday, pressured by a stronger U.S. dollar and growing uncertainty ahead of a crucial U.S. inflation report that could influence the Federal Reserve’s decisions at its September policy meeting. Gold Slips But Holds Key Level Spot gold dropped 0.6% to $2,510.39 an ounce by 0953 GMT, …
Read More » -
28 August 2024 11:40 am
Oil Prices Steady After Sharp Decline as Middle East and North Africa Supply Risks Persist
Oil prices remained largely unchanged on Wednesday, following a significant drop in the previous session that ended a three-day streak of gains. This stability comes amid ongoing concerns about potential supply disruptions from the Middle East and North Africa, as well as lingering worries about global fuel demand. Brent and …
Read More » -
28 August 2024 10:06 am
Asian Stocks Retreat Ahead of Nvidia Earnings, Australian Market Hit by Inflation Concerns
Most Asian stocks declined on Wednesday, with technology-heavy indexes leading the retreat as investors awaited earnings from market favorite Nvidia. Australian stocks also took a hit following a higher-than-expected inflation report, while ongoing concerns about China further dampened market sentiment. Technology Stocks Under Pressure Ahead of Nvidia Earnings Asian technology …
Read More » -
28 August 2024 4:48 am
Market Drivers: US Session, August 28
The US Dollar struggled to maintain its upward momentum on Tuesday, as market participants adopted a cautious stance ahead of crucial economic data releases later in the week. The British Pound emerged as a standout performer, benefiting from the Bank of England’s persistent hawkish stance.Key Economic Events for Wednesday, August …
Read More » -
28 August 2024 3:16 am
US dollar weakened against gold and European currencies
The US dollar continued its downward trajectory on Tuesday, succumbing to pressure from rising risk appetite and mounting expectations of a Federal Reserve interest rate cut. The greenback closed lower against a basket of major currencies, including the euro and the pound, as investors flocked to riskier assets. The Federal …
Read More » -
28 August 2024 3:01 am
US bond yields continue to rise
US Treasury yields have continued to climb since the open, driven by market optimism following a series of positive economic data releases. Additionally, markets are eagerly awaiting the release of the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, later this week. The yield on the …
Read More » -
28 August 2024 2:56 am
USDJPY is decoupling from US Treasury yields
USDJPY has broken its traditional inverse correlation with US Treasury yields, driven by a decline in the US dollar following the Federal Reserve’s meeting and Chairman Jerome Powell’s remarks at the Jackson Hole symposium. Powell’s comments hinted at a potential interest rate cut in September, a prospect further reinforced by …
Read More » -
28 August 2024 1:49 am
Euro weathered the storm of negative data
Euro has shown resilience despite weaker-than-expected German economic data released on Tuesday. This data highlighted a deterioration in consumer confidence within the Eurozone. The German GfK consumer confidence index fell to -22.0 in September, compared to -18.6 in August, reflecting growing pessimism among European consumers about the economic outlook. Additionally, …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations