Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2024

• 23 July 2024 7:24 pm

  Will BoC cut interest rates for the second successive time?

  

  The Bank of Canada is set to cut interest rates for a second straight meeting to avoid a recession and prevent an inflation flare-up. Governor Tiff Macklem stated that he sees a soft landing, a slowdown that cools price pressures without triggering mass job losses. He became the first Group …

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• 23 July 2024 3:00 pm

  Tech Earnings in Focus as U.S. Stock Futures Stabilize

  

  U.S. stock index futures steadied on Tuesday morning, ahead of crucial earnings reports from tech giants Alphabet and Tesla. These reports are expected to significantly influence market sentiment in the coming weeks. At 06:40 ET, Dow Jones Futures edged up 0.1%, S&P 500 Futures mirrored the Dow’s gains, while Nasdaq …

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• 23 July 2024 12:02 pm

  European Shares Steady as Tech Gains Offset Miner Losses Amid Earnings and ECB Outlook

  

  European stocks opened flat on Tuesday, with gains in the technology sector balancing out losses in metal miners. This balanced start follows the market’s best performance in over a month on Monday. Driving the technology sector’s upward momentum were strong earnings reports from software giant SAP and computer peripherals manufacturer …

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• 23 July 2024 10:32 am

  Asian Stocks Mostly Rise on Tech Rebound, China Lags Despite Rate Cut

  

  Asian stock markets saw a mixed performance on Tuesday, with most indices rising as technology stocks rebounded from recent losses. However, Chinese markets remained under pressure due to ongoing concerns about the country’s economic outlook and the potential for renewed trade tensions with the U.S. under a possible Donald Trump …

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• 23 July 2024 10:08 am

  Gold Prices Stabilize After Recent Decline, Focus Turns to Fed Meeting and U.S. Politics

  

  Gold prices saw little movement in Asian trade on Tuesday, hovering near 11-day lows as traders sought further clarity on U.S. political developments and monetary policy ahead of the Federal Reserve meeting next week. Despite a significant drop from record highs reached earlier this month, gold remained relatively stable due …

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• 23 July 2024 7:26 am

  How could markets react to Trump’s potential victory in US elections?

  

  Donald Trump, the Republican presidential contender and former US president, has emerged as a new influential force in the financial markets in the recent past, and his chances of winning the US presidential election in 2024 are being closely watched. These prospects have grown recently due to certain developments that …

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• 23 July 2024 12:29 am

  USD/CHF starts new trading week with mild gains

  

  On Monday, the USD/CHF pair was able to begin the new week with mild gains, reaching 0.8895. The market sentiment was significantly influenced by political factors centered around the upcoming presidential turnover. Investors are bracing themselves for a busy week due to a packed US economic calendar, which is expected …

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• 22 July 2024 10:08 pm

  Will Retreating US Inflation Assist Fed’s Reassurance?

  

  The most recent indications of declining inflation and slowing economic activity are likely to have an impact on the Federal Reserve’s decision to lower interest rates. Food and energy-related prices in the personal consumption expenditures price index are predicted to increase by 0.1% in June for the second time in …

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• 22 July 2024 8:33 pm

  Western Miners Struggle Against China’s Grip on Critical Commodities

  

  The critical metals market, the lifeblood of electric vehicles and modern electronics, is engulfed in a bitter competition for supremacy. Western mining companies are on one side, supporting techniques that are ethically and environmentally sound. China, an industrial giant with an unrelenting thirst for output and market dominance, is situated …

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• 22 July 2024 7:53 pm

  Eurozone debt continues to climb

  

  In the first three months of 2024, the Eurozone’s debt increased as France battled to stabilize its finances following weeks of political unrest. The EU statistics agency, Eurostat, reported that the 20 nations in the currency area had debt of 88.7% of GDP, up from 88.2% in the prior quarter.The …

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• 22 July 2024 11:12 am

  Morgan Stanley Predicts Oil Market Tightness to Ease in 2025, Brent Prices to Decline

  

  According to a recent note from Morgan Stanley, the current tightness in the crude oil market is expected to ease next year, leading to a potential surplus and a decline in Brent prices to the mid-to-high $70s range. While the market is expected to remain tight throughout most of the …

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• 22 July 2024 10:31 am

  Gold Prices Edge Higher Amid Political Uncertainty in U.S., While Copper Declines

  

  Gold prices saw a slight uptick in Asian trading on Monday, driven by safe-haven demand as investors reacted to U.S. President Joe Biden’s surprise decision to drop out of the 2024 reelection race and endorse Vice President Kamala Harris. Despite a recent decline from record highs last week due to …

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• 22 July 2024 9:42 am

  Asian Stocks Slump Amid Uncertainty Over U.S. Political Landscape and Tech Sell-Off

  

  Asian markets experienced a downturn on Monday, as investors grappled with the potential ramifications of U.S. President Joe Biden’s surprise decision to withdraw from the 2024 reelection race and endorse Vice President Kamala Harris as his successor. The unexpected move fueled uncertainty about the future direction of U.S. policies towards …

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