Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2024

• 1 July 2024 10:56 pm

  Tesla Stock Popped Ahead of Q2 Deliveries, Here is Why

  

  Tesla stocks have been on the comeback trail recently, and that continued on the first trading day of July. Shares of the leading electric vehicle maker were higher by 5.5% on Monday morning. The stock is now up by about 18% over the past month.Today’s leap comes just one day …

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• 1 July 2024 10:22 pm

  Seasonal factors propel US bond yields rally

  

  Since the start of daily trading on Monday, US bond rates have risen due to a number of very helpful variables, including seasonal and political factors as well as economic and political considerations that contributed to generating the momentum of the current rise in those yields.Ten-year US Treasury bond yields …

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• 1 July 2024 9:28 pm

  Euro surges post French elections’ first round results

  

  Since the start of daily trading, the Euro has risen due to changes in French politics that have sparked conjecture about the potential that the European economy would escape the control of the country’s far-right faction. From the previous daily close of 1.0711, the EUR/USD pair increased to 1.0725. The …

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• 1 July 2024 7:32 pm

  What does manufacturing data mean for Eurozone economy?

  

  Eurozone manufacturing activity contracted in June due to faster contractions in output, new orders, and employment, according to the latest HCOB Purchasing Managers’ survey data by S&P Global. The manufacturing Purchasing Managers’ Index (PMI) fell to 45.8 in June from May’s 14-month high of 47.3, suggesting a strong and accelerated …

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• 1 July 2024 7:12 pm

  GBP/USD retreats post softer US data

  

  The GBP/USD pair has fallen due to concerns of a potential US recession, with technical facors suggesting a neutral to downward bias. The pair has experienced a series of lower highs and lows, dragging the pair from year-to-date highs of 1.2894 toward current exchange rates. The daily moving averages (DMAs) …

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• 1 July 2024 6:28 pm

  USD/JPY surpasses 161.00 on BoJ’s uncertainty

  

  Despite the Japanese Yen’s extreme weakening, the USD/JPY remains firm above 161.00. With the Yen weakening, the BoJ anticipates tightening policy much more. The US dollar is affected by the weak US Manufacturing PMI. The USD/JPY pair moves up above 161.00 during the New York session on Monday. Amidst ambiguity …

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• 1 July 2024 5:11 pm

  Bitcoin Price Rebounds Amidst Market Uncertainty and Mt. Gox Liquidation Concerns

  

  Bitcoin’s price saw a modest recovery on Monday, rising more than 2% to $62,838.9 by 08:59 ET. This rebound came amidst broader market uncertainty and concerns surrounding the impending distribution of stolen Bitcoin from the now-defunct exchange Mt. Gox. Mt. Gox Liquidation and Potential Selling Pressure The liquidators of Mt. …

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• 1 July 2024 12:24 pm

  Eurozone Manufacturing Sector Contracts Further in June as Demand Slumps

  

  The eurozone’s manufacturing sector experienced a deeper contraction in June, as demand plummeted despite factories continuing to lower prices, according to a recent survey. HCOB’s final eurozone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 45.8 in June from 47.3 in May, slightly exceeding the preliminary estimate …

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• 1 July 2024 10:33 am

  Gold Prices Wobble as Fed Signals and Mixed Economic Data Create Uncertainty

  

  Gold prices experienced a slight dip in Asian trading on Monday, hovering within a narrow range as traders cautiously await key signals from the Federal Reserve and further economic data. Despite increased expectations of a U.S. interest rate cut, the yellow metal struggled to capitalize on the weakening dollar, maintaining …

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• 1 July 2024 10:04 am

  Asian Stocks Waver as Chinese PMIs Clash and U.S. Rate Uncertainty Lingers

  

  Asian stocks experienced a mixed session on Monday, with most indices hovering within a flat-to-low range. Investors grappled with conflicting signals from Chinese business activity surveys and lingering uncertainty surrounding the future of U.S. interest rates. Key Takeaways: Mixed Chinese PMIs: Government data revealed a second consecutive month of contraction …

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• 1 July 2024 4:18 am

  Financial Markets’ Weekly Recap: Traders closely watch Fed’s signals

  

  In this report, we take a look back at the latest five trading days with a focus on the market news, economic data and headlines that had the most impact on key financial assets; including oil and gold prices as well as the key correlated assets. It is an opportunity …

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June, 2024

• 28 June 2024 7:35 pm

  US Dollar below 106.00 after PCE data

  

  The US dollar is preparing for French elections risk over the weekend, with early recovery thanks to recent statements by Trump and Suzuki. The PCE data is in line with expectations, with the index hovering around 106.00, back to Wednesday’s levels. Traders are still digesting the Trump-Biden debate, where many …

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• 28 June 2024 6:13 pm

  Nike stock declines following earnings report

  

  Nike shares declined in early Friday trading, setting up the stock for a loss of around $21 billion. The world’s biggest sportswear group issued gloomy near-term sales forecasts that could test investor patience for its ongoing turnaround strategy. Nike launched a $2 billion cost-cutting plan last year under CEO John …

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