Open Demo Account

Market Analysis

October, 2023

  • 27 October 2023 10:01 pm

    WTI crude oil swinging below $85

    WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore.Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00 and $83.00 USD …

    Read More »
  • 27 October 2023 8:56 pm

    US dollar tumbles on PCE figures for September

    Compared to its competitors, the US dollar is trading softly and appears to be consolidating its gains from the previous session. At 3.7% YoY, the Core PCE for September fell short of forecasts.US bond yields are fluctuating, and dovish Fed bets are still very popular. The FOMC decision is now …

    Read More »
  • 27 October 2023 7:45 pm

    Middle East tensions, US core PCE keep gold price stable

    Gold price continued to consolidate after the US core PCE inflation reading remained in line with estimates. The downside in the gold price remains cushioned by escalating tensions in the Middle East.US Yellen sees Treasury yields elevated on Fed’s “higher for longer” interest rates outlook. Gold price trades back and …

    Read More »
  • 27 October 2023 4:34 pm

    Amazon gains 6% after a ‘strong’ Q3 print

    Amazon exceeded Wall Street expectations in its third-quarter results, with notable growth in its cloud business and a substantial increase in advertising revenue. Following the report, Amazon’s stock rose 6% in pre-market trading. In Q3, Amazon reported earnings per share (EPS) of $0.94 on revenue totaling $143.1 billion, outperforming estimates …

    Read More »
  • 27 October 2023 3:06 pm

    Dollar rises with a boost from strong US data

    The dollar rose on Friday and was heading for a third straight month of gains after data showed strong growth in the United States, indicating enhanced prospects for interest rates to remain high for a longer period. But the yen remained around the 150 level to the dollar before the …

    Read More »
  • 27 October 2023 1:28 pm

    Oil rises more than a dollar amid fears of the expansion of the Middle East conflict

    Oil prices rose by more than a dollar on Friday as reports came in that the US military bombed Iranian targets in Syria, once again raising fears of a widening conflict between Israel and Hamas that could affect supplies from the Middle East. By 0638 GMT, Brent crude futures for …

    Read More »
  • 27 October 2023 11:18 am

    Gold prices are heading for gains for the third week

    Gold prices are heading for gains for the third week in a row on Friday, as conflict in the Middle East leads to investors increasingly seeking safe havens, despite US interest rates remaining high for a longer period. By 0341 GMT, gold in spot transactions rose 0.1 percent to $1,986.76 …

    Read More »
  • 27 October 2023 2:01 am

    Market Drivers – US Session, October 25

    The US economy expanded at an annualized rate of 4.9% during the third quarter, surpassing market consensus of 4.2%. The report also revealed a lower-than-expected core Personal Consumption Expenditure (PCE) price index, which increased demand for bonds. Other data showed a rise in Continuing Jobless claims to 1.79 million, reaching …

    Read More »
  • 27 October 2023 1:41 am

    EUR/USD clears daily losses, downside more likely

    EUR/USD experienced a daily low of 1.0521 and recovered towards the 20-day SMA, around 1.0560. The Euro faced selling pressure after the ECB held rates steady, and Christine Lagarde acknowledged the Eurozone’s economic struggles. The USD gained momentum on strong Q3 GDP data, but lower US yields limited the upwards …

    Read More »
  • 27 October 2023 12:02 am

    US dollar abandons monthly highs, but sticks to daily gains

    The US Dollar witnessed heavy trading against its rival currencies on Thursday, and the DXY index reached monthly highs in the wake of the country’s unexpectedly strong GDP and durable goods data as well as the weekly initial jobless claims report.The USD was kept from rising higher by declining US …

    Read More »
  • 26 October 2023 11:12 pm

    EUR/CHF recovers post-ECB’s policy decision

    From a daily low of 0.9456, the EUR/CHF pair rises 0.17% to trade at 0.9491. The 50-DMA at 0.9585 and the high of 0.9533 on October 17th, respectively, represent resistance points.Support is located at 0.9450, with additional floors at the lows of 0.9417 and 0.9403 from October 20 and September …

    Read More »
  • 26 October 2023 10:18 pm

    Tesla’s price impacts Q3 earnings of Hertz

    Hertz, a rental company that began using Tesla automobiles in 2021, faced difficulties as a result of the electric automaker’s price reductions during the third quarter. Hertz’s Q3 earnings report was hampered by price fluctuations because profit projections were not met.As it learns to control expenses, Hertz will reduce the …

    Read More »
  • 26 October 2023 9:39 pm

    Global Markets – Stocks struggle on mixed earnings, high Treasury yields

    Global stock markets saw a decline on Thursday as US Treasury yields remained close to 5%, the country’s economy grew faster than anticipated, and corporate earnings were mixed.According to data, the third quarter saw the fastest rate of growth in the US economy in almost two years. This was despite …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends