Open Demo Account

Market Analysis

June, 2024

  • 18 June 2024 4:54 am

    Market Drivers; US Session, June 17

    Even while US yields rose in reaction to an improvement in overall risk appetite trends and a modicum of relief from political unrest in Europe, the US dollar lost some of its recent gains. Amidst investor speculation of two Fed interest rate cuts in 2024, the USD Index (DXY) posted …

    Read More »
  • 18 June 2024 4:41 am

    Oil Prices: Driving Season Outlook Amid Initial Optimism

    Investors and traders are paying attention to oil prices ahead of the summer driving and travel season amid a mix of optimistic expectations, well-founded fears and high demand for fuel.Optimism about OPEC+ trendsOil recently achieved its first weekly gains in a month, supported by reports and data that injected more …

    Read More »
  • 17 June 2024 11:06 pm

    US stocks climb as rate cut hopes defy cautious Fed

    The Dow Jones Index has seen slight gains on Monday, climbing four-tenths of a percent as investors recover balance and resume the long wait for rate cuts from the Federal Reserve. The ‘bad news is good news’ sentiment has fueled investor sentiment seeking an accelerated pace of rate cuts from …

    Read More »
  • 17 June 2024 7:41 pm

    Gold prices continue to suffer from Fed’s rhetoric

    Gold prices have continued to decline since the beginning of trading on the first day of the new week’s trading, following in the footsteps of commodities that took a downward trend since the opening bell.Spot gold contracts fell to $2,318 per ounce, compared to the previous daily close, which recorded …

    Read More »
  • 17 June 2024 4:29 am

    Financial Markets’ Weekly Recap: Major central banks, inflation data in spotlight

    Investors and traders kept a close eye on the US inflation figures as well as the FOMC meeting in June. Due to the Fed’s aggressive approach, selling transactions took hold of gold prices immediately following the announcement that US interest rates would remain steady. Prior to the announcement of the …

    Read More »
  • 14 June 2024 2:38 am

    US Economy: From Recession Fears to Growth, What’s Next?

    The US economy surprised many analysts and investors in 2024 by shifting from early fears of a potential recession into a period of resilience and growth. The Federal Reserve, which initially expected to cut rates multiple times this year, has revised its stance to just one cut. So, what does …

    Read More »
  • 14 June 2024 12:56 am

    Moscow Exchange Halts Trading Euro, USD on Fresh US Sanctions

    Russia

    The recent escalation in the US-Russian standoff has had a major impact on the Russian financial system. This comes after the US decided to impose a new batch of sanctions on June 12, targeting the Moscow Stock Exchange, the National Clearing Center and the National Settlement Depository, key players in …

    Read More »
  • 13 June 2024 11:21 pm

    USD/JPY edges up slightly despite falling US bond yields

    The USD/JPY recovered some ground during Thursday’s North American session yet is virtually unchanged, up by a minimal 0.08%, weighed by a fall in US Treasury bond yields. US economic data from the United States (US) shows that inflation is getting lower, yet the Federal Reserve remains skeptical that the …

    Read More »
  • 13 June 2024 9:52 pm

    Treasury yields decline following Powell’s comments on inflation

    US bond yields have been declining since the beginning of daily trading on Thursday, affected by expectations of a rate cut, which highlighted the possibility of limiting the rate cut to only once this year.Ten-year US Treasury bond yields fell to 4.232% compared to the last daily close, which recorded …

    Read More »
  • 13 June 2024 8:39 pm

    Official: BoC to end quantitative tightening in 2025

    Bank of Canada’s Deputy Governor Sharon Kozicki noted on Thursday that the BoC is set to end its quantitative easing program and that future applications of QE will have a very high bar to pass before accessing additional monetary policy mechanisms.The Canadian Dollar pared back recent gains against the US …

    Read More »
  • 13 June 2024 7:03 pm

    Producer inflation data drags Dow Jones lower

    The Dow Jones Industrial Average tumbled another 150-plus points on Thursday after US data hinted at a further contraction of the overall economy, briefly sparking risk-off bids into the US dollar and forcing Treasury yields lower alongside equity indexes. The Dow Jones backslides over 150 points on Thursday. Treasury yields …

    Read More »
  • 13 June 2024 4:56 pm

    U.S. Jobless Claims Rise Unexpectedly, Signaling Cooling Labor Market

    The number of Americans filing for initial unemployment benefits unexpectedly rose last week, indicating a potential slowdown in the labor market’s momentum. Initial jobless claims reached 242,000 for the week ending June 8th, surpassing the consensus forecast of 225,000 and exceeding the previous week’s total of 229,000. The four-week moving …

    Read More »
  • 13 June 2024 1:29 pm

    Oil Prices Dip as Fed Delays Rate Cut and Supply Concerns Linger

    Oil prices experienced a slight decline in early Thursday trading, reacting to the U.S. Federal Reserve’s decision to postpone interest rate cuts and growing concerns over ample U.S. crude and fuel stocks. Brent crude futures dipped 0.5% to $82.23 per barrel, while U.S. West Texas Intermediate (WTI) crude futures fell …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends