Open Demo Account

Market Analysis

October, 2023

  • 9 October 2023 1:22 pm

    Gold shines as investors hedge amid turmoil in the Middle East

    Gold prices rose more than one per cent on Monday, as the outbreak of violent clashes between Israeli forces and the Palestinian Islamic Resistance Movement (Hamas) over the weekend increased the risk of a broader conflict in the Middle East and stimulated interest in investing in safe havens such as …

    Read More »
  • 9 October 2023 12:20 pm

    European stocks decline under pressure from the consequences of the conflict in the Middle East

    Most European stock markets opened lower on Monday as the ongoing clashes in the Middle East led to a rush towards safe haven assets such as bonds and gold, and oil prices rose by more than three percent. The European STOXX 600 index fell 0.2 percent by 0710 GMT, with …

    Read More »
  • 9 October 2023 10:24 am

    Dollar and yen rise after Hamas attack undermines morale

    The safe-haven dollar and Japanese yen rose on Monday after violence in the Middle East spooked markets, while a strong US jobs report gave the greenback a bigger boost. The appetite for risk declined after Israeli forces clashed with gunmen from the Palestinian Hamas movement at the beginning of the …

    Read More »
  • 9 October 2023 9:02 am

    Oil jumps more than $4 as markets are affected by violence in the Middle East

    Oil prices jumped more than $4 a barrel in early Asian trading on Monday, as political uncertainty worsened across the Middle East following the outbreak of violent clashes between Israeli forces and Hamas over the weekend. The rise in oil prices came to reverse the downward trend last week, which …

    Read More »
  • 9 October 2023 6:13 am

    Financial Markets’ Weekly Recap, October 2-6

    Following a significant spike in T-bond yields, the market has momentarily stabilized, but Americans continue to borrow heavily despite Fed Chair Jerome Powell’s 18-month efforts to alter their borrowing and spending habit.Middle East tensions could boost gold, US dollarTensions in Palestine are causing investors to seek safe-haven assets and monitor …

    Read More »
  • 6 October 2023 11:46 pm

    US stocks rally following robust NFP data

    After the release of stronger-than-expected US jobs data and a spike in Treasury yields, stocks rose on Friday. The Nasdaq Composite surged 1.7%, the S&P 500 added 1.4%, and the Dow Jones Industrial Average increased by 414 points, or 1.2%. With wages growing less than anticipated last month, the Labour …

    Read More »
  • 6 October 2023 11:36 pm

    All attention shifts to US inflation data

    Inflation in the US is expected to moderate in September. In an otherwise quiet week for economic data releases, everyone’s attention will be focused on U.S. inflation figures. In September, CPI growth may have appeared a little better; economists anticipate a deceleration to a 3.5% year-over-year pace from 3.7% in …

    Read More »
  • 6 October 2023 10:19 pm

    EUR/USD pair higher following NFP data

    Following the release of the US NFP, the EUR/USD pair gains significantly, rising 1.12% off the day’s low. Following a strong NFP result for the USD, broad market flows have turned decisively risk-on.Investor confidence data for October will be released on Monday, and this is what euro traders will be …

    Read More »
  • 6 October 2023 8:43 pm

    Hot US NFP data drags USD/CHF pair lower

    While US NFP data jumps to a healthy 336K, the USD/CHF plunges to a weekly low of 0.9074. The US dollar’s upward trend falters as the DXY index retreats by 0.34% and drops back below the critical 106.00 level.To predict future USD/CHF dynamics, the market will be watching Fed officials, …

    Read More »
  • 6 October 2023 7:54 pm

    Gold recovers despite strong NFP data

    Despite solid labour demand, gold prices have sharply recovered, raising anticipation for another Fed interest rate hike. Despite a weak US Services PMI survey and a weak ADP Employment report this week, the price of the precious metal remained under pressure. At the time of writing, the precious metal is …

    Read More »
  • 6 October 2023 5:17 pm

    US Nonfarm Payrolls rise in September

    Nonfarm Payrolls (NFP) in the United States increased by 336,000 in September, according to the US Bureau of Labour Statistics (BLS) on Friday. This reading was significantly higher than the market forecast of 170,000. The 187,000 increase in August was also raised higher to 227,000. The unemployment rate stayed at …

    Read More »
  • 6 October 2023 4:26 pm

    Russia lifts the ban on most diesel exports

    On Friday, October 6, the Russian government lifted the ban on diesel exports via seaborne pipelines, removing most of the restrictions that were implemented on September 21. Restrictions applied to gasoline exports remain in place. Diesel is the largest portion of Russia’s exports of petroleum products, amounting to about 35 …

    Read More »
  • 6 October 2023 2:35 pm

    European stocks continue to rise ahead of US jobs data

    European stocks rose on Friday ahead of data expected to reflect moderate US job growth last month, relieving some pressure on equity investors concerned about higher interest rates. By 07:18 GMT, the European STOXX 600 index rose 0.4 percent, recording an increase for the second session in a row, but …

    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