Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2024

• 29 July 2024 11:20 am

  Oil Prices Rise Amid Middle East Tensions and Market Uncertainties

  

  Oil prices rose on Monday, recovering some of the losses from the previous week, due to concerns about a potential escalation in the Middle East following a rocket strike in the Israeli-occupied Golan Heights. This strike, which Israel and the United States attributed to the Lebanese armed group Hezbollah, resulted …

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• 29 July 2024 10:38 am

  Yen Edges Higher Amid Safe Haven Demand and Policy Speculation

  

  The Japanese yen edged higher on Monday, recovering from early losses as sentiment remained fragile following a significant rally last week. This rally was driven by a tech-led stock rout in the U.S., which increased demand for safe haven assets like the yen. Market Focus on Upcoming Policy Decisions Traders …

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• 29 July 2024 9:42 am

  Gold Prices Rise in Asian Trade, Buoyed by Fed Rate Cut Expectations

  

  Gold prices climbed in Asian trade on Monday, regaining some of the ground lost throughout most of July. This recovery is largely attributed to growing expectations of interest rate cuts by the Federal Reserve, as well as a weaker dollar following recent U.S. inflation data. Spot and Futures Prices Spot …

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• 29 July 2024 1:08 am

  Weekly Recap: US dollar remains stagnant amid significant economic, political, and geopolitical changes

  

  Several factors dominated market activity throughout last week, including economic data, developments in the US political landscape ahead of the 2024 presidential election, escalating geopolitical tensions in the Middle East amid the ongoing war in Gaza, and updates on the monetary policies of central banks in major economies. Economic Data …

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• 27 July 2024 1:48 am

  OPEC Under Pressure Due To Falling Oil Prices

  

  In the days leading up to the important OPEC meeting on August 1, oil prices are collapsing. The drop this week, which was caused by worries over China’s slowing consumption, puts the oil cartel in a risky position as it navigates a volatile market. At the time of writing WTI …

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• 27 July 2024 1:25 am

  Canada’s Corporate Earnings Reveal National Economy’s Pulse

  

  Canada’s corporate earnings season is set to kick off with a bang, as key players from diverse sectors prepare to unveil their financial performance. From the energy giants Topaz Energy and Gibson Energy to the consumer-focused Tilray Brands, the week of July 29th promises a wealth of data that will …

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• 26 July 2024 8:59 pm

  Gold surges on sliding T-yields after US data

  

  Gold prices surged 1.01% on Friday, supported by lower US Treasury yields amid growing optimism for an interest rate cut by the Fed in September after data showed US prices rose modestly in June.Spot gold was up about 1.01% to $2,389.71 per ounce, after hitting its lowest since July 9 …

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• 26 July 2024 7:02 pm

  US Dollar Index edges lower following US PCE Inflation

  

  As stable US core PCE inflation growth seems insufficient to affect firm Fed rate-cut expectations, the US dollar declines. It is largely expected that the Fed will hold interest rates steady the following week. The confidence of Fed policymakers on the return of inflation to a 2% path has increased. …

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• 26 July 2024 1:03 pm

  European Shares Flat, Poised for Modest Weekly Loss Amid Mixed Earnings

  

  European stocks exhibited a flat performance on Friday, reflecting a lack of clear direction as investors digested a diverse range of corporate earnings reports. The pan-European STOXX 600 index remained steady at 508.9 points by 0710 GMT, heading towards its second consecutive week of losses after hitting a two-month low …

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• 26 July 2024 12:32 pm

  Oil Prices Edge Up, Still Set for Third Consecutive Weekly Decline

  

  Oil prices saw a slight uptick on Friday but remained on course for a third consecutive week of declines, influenced by weak demand from China and evolving geopolitical developments in the Middle East. Marginal Gains on Friday Brent crude futures for September inched up by 12 cents, or 0.2%, to …

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• 26 July 2024 10:57 am

  Asian Stocks Climb as Tech Shares Stabilize, But Weekly Losses Persist

  

  Most Asian stock markets saw gains on Friday, buoyed by a recovery in technology shares after several sessions of declines. Despite the uptick, regional indices were still on track for significant weekly losses, influenced by recent underperformance in the technology sector and mixed signals from global markets. Technology Sector Leads …

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• 26 July 2024 9:47 am

  Gold Prices Rise in Asian Trade, But Set for Weekly Loss Amid Dollar Strength

  

  Gold prices inched up in Asian trading on Friday, recovering slightly from a week marked by significant losses as traders largely favored the dollar ahead of key interest rate signals. The precious metal had surged to record highs in July, only to be pulled back by a mix of profit-taking …

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• 26 July 2024 3:47 am

  Will BoE Cut Interest Rate In August?

  

  It is like a coin toss when the Bank of England decides on interest rates next week. The market is not as sure as most analysts that a rate cut will occur next week. There is disagreement among the members of the central bank’s policymaking committee; some support lowering interest …

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