Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2024

• 13 February 2024 12:26 am

  USD/JPY stabilizes ahead of US inflation data

  

  The USD/JPY pair has stabilized at 149.33 as markets await crucial US inflation data, affecting the Fed policy outlook. The US January CPI is expected to decline, fueling discussions on the Fed’s easing timeline amid calls for patience. The Federal Reserve is unlikely to alter rates in March, but May …

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• 12 February 2024 10:56 pm

  Crude oil still surging around recent gains

  

  Due to the weight of global stories, crude oil prices are still holding to recent highs. Hopes for a Gaza ceasefire are still alive, but emotions are still high.The OPEC production limitations are mitigated by the ongoing increase in US crude oil production. As a possible truce in the Gaza …

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• 12 February 2024 9:57 pm

  What should investors know about Chinese stock market crisis?

  

  The Chinese stock market collapse has significantly impacted foreign institutional investors, who considered China a key investment hub. The real estate crisis, slow growth, deflation, and demographic headwinds have worsened the outlook of the Chinese market. The recent uptick in the Shanghai Shenzhen CSI 300 index is insufficient to offset …

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• 12 February 2024 9:31 pm

  US stocks gain traction after flat opening

  

  The Energy Sector is the best-performing major sector in the S&P 500 so far on Monday, rising 0.8% on the day. On the other hand, the Health Care Sector is down 0.3%. Diamondback Energy Inx. (FANG) is up more than 10% as the top gainer in the first half of …

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• 12 February 2024 8:20 pm

  Bitcoin Surges to $50k on ETF Demand

  

  Bitcoin has surged to $50,000 for the first time in over two years, marking a remarkable comeback from a series of crypto industry scandals and bankruptcies. The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64% plunge in 2022. Bitcoin last traded …

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• 12 February 2024 7:40 pm

  Eurozone banks urged to plan for emerging risks

  

  Claudia Buch, the new top regulator at the European Central Bank, has urged lenders to develop detailed plans for responding to emerging risks that could impact their business. She emphasized the need for banks to anticipate risks and not only respond to them but also anticipate them. Buch, who became …

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• 12 February 2024 3:26 pm

  Turkey’s Unemployment Rate Drops to 8.8% in December

  

  Official data released on Monday revealed that Turkey’s unemployment rate experienced a slight decline of 0.1 percentage points on a monthly basis, reaching 8.8 percent in December. This brings the rate closer to the lowest levels observed in a decade, recorded in October. Labor Force Participation Rate Increases According to …

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• 12 February 2024 3:25 pm

  Dollar Steadies Amidst Asian Market Holiday

  

  The dollar found stability on Monday, with most major Asian markets closed for a holiday, delaying the start of what could evolve into a bustling week. Attention now shifts to US inflation data for clues on the Federal Reserve’s potential interest rate cuts. Euro Edges Lower, Eyes on Euro Zone …

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• 12 February 2024 3:24 pm

  European Stocks Rally: Following Wall Street’s Lead

  

  Amidst optimism sparked by Wall Street’s milestone achievement, European stocks surged on Monday, echoing the Standard & Poor’s 500 index’s historic close above the five-thousand-point mark for the first time. Investors turned their attention to a mix of corporate earnings and economic indicators, eagerly anticipating cues for potential interest rate …

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• 12 February 2024 11:42 am

  Gold Prices Hold Steady Amid Holiday Lull, Await Fed Remarks and Data

  

  Gold prices stabilized on Monday, experiencing modest trading activity as investors awaited statements from Federal Reserve officials and key economic data releases. Here’s a breakdown of the latest developments influencing the precious metal market: Stable Gold Prices Amid Holiday Period Gold settled in spot trading at $2,023.03 per ounce, showing …

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• 12 February 2024 10:23 am

  Oil Prices Dip in Asian Trading Amid Easing Middle East Tensions

  

  In early Asian trading on Monday, oil prices saw a slight decline following Israel’s announcement of the cessation of strikes on the southern Gaza Strip, providing some relief from concerns about potential disruptions to supplies from the Middle East. Here’s a closer look at the key developments shaping oil markets: …

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• 12 February 2024 4:55 am

  Weekly Recap: Markets bracketed by Powell’s interview, revised US inflation

  

  Due to the parity of factors that affected the trading environment over the preceding period, the price movement of practically all traded assets closed last week’s trading on the global financial markets with a moderate change.These factors started with investors’ focus on the statements and comments by Federal Reserve Chair, …

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• 10 February 2024 12:44 am

  PepsiCo earnings top estimates, but Q4 revenue slides for the first time in 4 years

  

  PepsiCo reported mixed quarterly results as North American demand for its food and drinks weakened. CEO Ramon Laguarta said that U.S. sales broadly slowed down in the fourth quarter, partly due to pricing and consumers’ disposable income situation. US consumers are also shifting their behavior from eating and drinking at …

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