Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2024

• 30 August 2024 1:45 am

  What Was Exactly Behind Bitcoin’s Recent Sudden Fluctuations?

  

  Bitcoin has exhibited substantial price volatility in recent times, trading within a narrow band between $60,000 and $65,000 per unit. This market instability has had a cascading effect on other, less valuable cryptocurrencies. For example, BNB has fluctuated between $460 and $635, with a discernible support level at $460 to …

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• 30 August 2024 12:06 am

  Gold Price Climbs Amid Fed Rate Cut Hopes

  

  Gold prices have been on a steady ascent, buoyed by the anticipation of a potential Federal Reserve rate cut. Despite strong US economic data, the market remains optimistic about a policy shift that could benefit gold. The Economic ContextThe recent upward trajectory of gold prices is a testament to the …

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• 29 August 2024 11:31 pm

  US Dollar Rebounds on Positive Growth and Employment Data

  

  The US dollar continued its upward trajectory following the opening of Wall Street trading on Thursday, buoyed by positive economic data on growth and employment in the United States.The dollar index, which measures the performance of the greenback against a basket of six major currencies, rose to 101.31 points compared …

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• 29 August 2024 9:53 pm

  Mixed PCE Inflation Data Could Create More Market Uncertainty

  

  The US Personal Consumption Expenditure (PCE) Price Index, a key inflation gauge for the Federal Reserve, presented a mixed picture in June 2024.Headline PCE Eases, Core PCE Holds Steady:The headline PCE inflation rate, which includes both food and energy prices, came in slightly lower than expected for the second consecutive …

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• 29 August 2024 8:40 pm

  BTC Rebounds as Bulls Aim for $62,000 Ahead of Hoped PCE’s Relief

  

  Bitcoin price surged by 3% as US economic data aligned with expectations, boosting investor confidence. Amid a market environment characterized by thin liquidity and a potential for predatory behavior, Bitcoin bulls are targeting a price level of $62,000. The recent surge of 3% in BTC price, fueled by US macro …

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• 29 August 2024 7:30 pm

  USD/JPY recovers ahead of PCE Inflation Data

  

  The USD/JPY pair recovered and is trading 0.44%, at 145.21 at the time of writing. Earlier on Thursday’s trading, the pair remains confined below the crucial resistance level of 145.00, reflecting a cautious stance from investors ahead of the highly anticipated US Personal Consumption Expenditure (PCE) inflation report for July. …

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• 29 August 2024 1:58 pm

  U.S. Dollar Edges Higher Ahead of Key Economic Data; Euro Retreats on Cooling German Inflation

  

  The U.S. dollar gained ground on Thursday, recovering from recent lows as investors awaited key economic data releases that could provide insights into the Federal Reserve’s next moves. Meanwhile, the euro weakened due to signs of cooling inflation in Germany. Dollar Recovers from Recent Lows At 04:10 ET (09:10 GMT), …

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• 29 August 2024 12:07 pm

  European Shares Edge Higher as Media and Tech Stocks Offset Global Dip

  

  European shares edged up slightly on Thursday, driven by gains in media and technology stocks, which helped the market buck a global downtrend following underwhelming results from Nvidia. STOXX 600 Index Rises Amid Mixed Sector Performance The pan-European STOXX 600 index gained 0.2% by 0712 GMT, buoyed by a 0.5% …

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• 29 August 2024 11:21 am

  Bitcoin Steadies Amid Market Jitters as Traders Eye Key Economic Data

  

  Bitcoin’s price stabilized on Thursday after experiencing sharp declines earlier in the week. The world’s largest cryptocurrency remained in a narrow trading range as investors awaited critical economic data that could influence the Federal Reserve’s next interest rate decision. Bitcoin Holds Steady After Recent Declines After falling sharply on Tuesday …

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• 29 August 2024 10:08 am

  Asian Shares Slide as Nvidia’s Earnings Disappoint, Dollar Steadies Ahead of U.S. Data

  

  Asian shares followed Wall Street futures lower on Thursday, with investor sentiment dented by Nvidia’s (NASDAQ: NVDA) less-than-anticipated earnings results. The tech-heavy index’s slip sent ripples through global markets, causing a broader selloff in Asian equities. Meanwhile, the U.S. dollar steadied, and the Treasury yield curve approached a positive turn, …

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• 29 August 2024 9:27 am

  Gold Prices Climb in Asian Trade, Near Record Highs as Inflation Data Looms

  

  Gold prices rose in Asian trading on Thursday, edging closer to record highs as the U.S. dollar’s rebound cooled ahead of key inflation data. The yellow metal also benefited from safe haven demand, which was bolstered by disappointing earnings from NVIDIA Corporation (NASDAQ:NVDA) that shook global equity markets. Gold Holds …

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• 29 August 2024 1:24 am

  Oil Prices Decline on Smaller-Than-Expected Drop in US Inventories

  

  Oil futures concluded Wednesday’s trading session in the red, influenced by a decline in U.S. oil inventories that was smaller than market expectations. Concerns over Chinese demand also weighed on prices, despite worries about potential supply shortages due to potential reductions in output from the Middle East and Libya.West Texas …

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• 29 August 2024 12:19 am

  Nvidia: Q2 earnings exceed Wall Street expectations

  

  Nvidia has announced a significant $50 billion stock buyback. This decision was made by the company’s board of directors and was announced alongside the company’s fiscal second-quarter earnings, which exceeded Wall Street expectations.Nvidia has already returned $15.4 billion to shareholders through share repurchases and cash dividends during the first half …

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