Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2024

• 15 July 2024 8:31 pm

  Gold surges above $2,430 on back of rate-cut bets

  

  Gold price gains above $2,430, driven by growing speculation for Fed rate cuts in September. Softer-than-expected US inflation for June indicated that price pressures are on course to return to 2%.Investors await Fed Powell’s speech and the US Retail Sales data for June. The XAU/USD Index resumes its upside journey …

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• 15 July 2024 7:26 pm

  BlackRock Reports 2024’s Q2 Earnings

  

  BlackRock released its financial results for 2024’s Q2 on Monday. As a fiduciary to investors and a leading provider of financial technology, the company helps millions of people build savings that serve them throughout their lives by making investing easier and more affordable. BlackRock BLK +0.67% saw a modest increase …

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• 15 July 2024 3:08 pm

  Bitcoin Price Surges on Speculation of Trump’s Second Term Following Assassination Attempt

  

  Bitcoin’s price experienced a significant rebound on Monday, recovering from recent lows, as markets reacted to the attempted assassination of former President Donald Trump. Speculation that the failed attack could boost Trump’s chances of a second term fueled the cryptocurrency’s rise, given his favorable stance on cryptocurrencies. Key Points: Bitcoin …

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• 15 July 2024 12:49 pm

  Asian Currencies Stable as Dollar Gains on Trump Assassination Attempt

  

  Asian currencies remained largely steady on Monday, while the U.S. dollar saw a modest uptick as investors sought safe-haven assets following the shocking attempted assassination of former U.S. President Donald Trump over the weekend. Market Activity Subdued, Yen in Focus Trading volumes across Asia were noticeably thin due to a …

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• 15 July 2024 11:41 am

  Global Markets Brace for Shockwaves as Political Turmoil Hits the U.S.

  

  The world’s financial markets face a turbulent opening on Monday following a shocking turn of events in American politics. The attempted assassination of former President Donald Trump on Saturday has sent ripples through the global economic landscape, with Asian markets poised to be the first to react to this unprecedented …

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• 15 July 2024 10:42 am

  Investing in Gold: Opportunities, Challenges, and Market Dynamics

  

  Gold stands as one of the world’s most favored financial investments, particularly during periods of market volatility such as the present. Its appeal lies in the high level of security it offers investors, coupled with minimal—sometimes even negligible—risk. This safety applies whether one is dealing in physical gold or trading …

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• 12 July 2024 11:42 pm

  Dow Jones climbs to fresh all-time high

  

  The Dow Jones climbed by 450 points, hitting an all-time high above $40,200.00. Markets are mostly ignoring the fact that US PPI wholesale inflation has accelerated. Five-year inflation predictions eased, while US consumer mood surveys deteriorated.Even though US Producer Price Index (PPI) inflation increased more quickly than anticipated in June, …

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• 12 July 2024 10:18 pm

  EUR expected to extend uptrend once 1.0900 cleared

  

  The EUR/USD pair is trading slightly above 1.0900 in the European session on Friday, exactly at 1.0905 at the time of writing.The US economic calendar will feature producer inflation data for June. Near-term technical outlook points to overbought conditions for the pair.The EUR/USD pair gathered bullish momentum during the North …

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• 12 July 2024 8:18 pm

  Big Bank Stocks Dip Following Lower Than Expected Earnings

  

  The largest US bank stocks have been crushing the overall market, but investor disappointment with the results put a stop to the rally. Following its net interest income miss, Wells Fargo is expected to see its largest earnings-day decline in over three years. Even though Citigroup’s market revenue exceeded forecasts, …

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• 12 July 2024 1:28 pm

  Tesla Pushes Back Robotaxi Launch to October for Design Refinements

  

  Tesla has postponed the launch of its highly anticipated robotaxi by approximately two months to October, according to a Bloomberg News report. This delay stems from a directive for the design team to rework certain elements of the vehicle. Following the news, Tesla’s shares experienced an 8% decline, closing at …

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• 12 July 2024 1:04 pm

  Bitcoin’s Bear Trap: Is the Recent Price Plunge a Buying Opportunity?

  

  Bitcoin’s price has been on a downward spiral, hitting a four-month low as concerns mount over increased selling pressure from various sources, including Mt. Gox refunds and actions by the German government. However, some experts believe this might be a “bear trap,” luring investors into selling prematurely before a potential …

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• 12 July 2024 12:21 pm

  Dollar Stabilizes Following CPI-Induced Slide, Yen Volatility Sparks Intervention Speculation

  

  The U.S. dollar found its footing on Friday after a sharp decline to a one-month low, triggered by softer-than-expected inflation data that fueled expectations of a September rate cut by the Federal Reserve. However, the broader foreign exchange markets remained cautious due to volatility in the Japanese yen, which strengthened …

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• 12 July 2024 11:28 am

  Gold Prices Ease Slightly After Rallying on Rate Cut Expectations

  

  Gold prices experienced a minor dip in Asian trading on Friday, but still held strong gains from the previous session, bolstered by softer-than-expected U.S. inflation data that fueled expectations of a September interest rate cut. Gold’s Strong Performance: The yellow metal surpassed the significant $2,400 an ounce level on Thursday, …

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