Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 5 April 2024 7:50 pm

  Fed’s Logan: Too soon to consider cutting rates given upside risk to inflation

  

  “I believe it’s much too soon to think about cutting interest rates,” Federal Reserve Bank of Dallas President Lorie Logan said on Friday, citing upside risks to inflation. The US Dollar Index clings to modest daily gains near 104.40 following these comments.Key Quotes “Need to see more of the uncertainty …

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• 5 April 2024 6:41 pm

  US Nonfarm Payrolls for March Surpass Expectations

  

  US Nonfarm Payrolls rose by 303,000 in March compared to a projection of 200,000. According to a Friday report from the US Bureau of Labour Statistics (BLS), nonfarm payrolls (NFP) increased by 303,000 in the US in March. This reading was far higher than the market’s estimate of a 200,000 …

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• 5 April 2024 2:57 pm

  Upcoming Nonfarm Payrolls Report Indicates Growth in March Jobs

  

  As the eagerly awaited monthly U.S. labor market report looms on the horizon, analysts and investors alike brace themselves for its potential impact, recognizing its pivotal role in shaping the trajectory of economic policy. Scheduled for release at 08:30 ET (12:30 GMT), this report holds the potential to sway sentiments …

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• 5 April 2024 1:02 pm

  European stocks decline due to statements about monetary tightening and geopolitical concerns

  

  European stocks experienced a significant downturn on Friday, plunging to their lowest levels in over two weeks, mirroring the global stock market trend. The decline was spurred by statements from certain Federal Reserve officials signaling potential monetary tightening, coupled with escalating tensions in the Middle East. The European STOXX 600 …

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• 5 April 2024 12:18 pm

  Nikkei index records worst weekly performance since December 2022

  

  Oil prices continued their ascent on Friday, poised to mark a second consecutive week of gains, buoyed by geopolitical tensions in Europe and the Middle East, concerns over dwindling supplies, and optimism surrounding global fuel demand as economies recover. Brent crude surged by 49 cents, or 0.5 percent, reaching $91.14 …

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• 5 April 2024 11:42 am

  Dollar rises amid declining hopes for an early cut in interest rates

  

  The US dollar stabilized against major currencies today, stable against other major currencies, stable after its recent decline to its lowest level in two weeks. Traders are awaiting the release of the March Nonfarm Payrolls report later today, which is expected to add 200,000 jobs. This data is considered crucial …

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• 5 April 2024 10:56 am

  Gold is taking a breath after a wave of record highs

  

  Gold prices caught their breath today, Friday, after a wave of record highs that lasted for five sessions and led the yellow metal to record gains for the third week in a row. This comes at a time when the market is awaiting non-farm payrolls data in the United States, …

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• 5 April 2024 10:32 am

  Oil prices are heading for a second week of gains amid geopolitical tensions

  

  Oil prices continued their ascent on Friday, poised to mark a second consecutive week of gains, buoyed by geopolitical tensions in Europe and the Middle East, concerns over dwindling supplies, and optimism surrounding global fuel demand as economies recover. Brent crude surged by 49 cents, or 0.5 percent, reaching $91.14 …

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• 5 April 2024 3:23 am

  Market Drivers; US Session, April 4

  

  Amidst a prevailing appetite for riskier assets, the US dollar witnessed another weak day on Thursday. This was before the announcement of important non-farm payrolls on Friday. The ECB Accounts opened the door to rate reduction in June, while Fed speakers maintained its cautious approach. The USD Index fell to …

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• 5 April 2024 2:22 am

  BoJ’s Ueda: Interest rate Policy in 2024 hinges on data

  

  BoJ’s K. Ueda gave fresh statements on the central bank’s policy outlook, although he declined to comment on the recent performance of the Japanese yen.Before Thursday’s European session begins, the Japanese Yen was still weak relative to the US dollar and is trading barely above a multi-decade low that was …

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• 5 April 2024 2:09 am

  US Stocks Decline Amid Middle East Geopolitical Tensions

  

  US stocks have significantly declined since the Israeli Air Force declared maximum alert and the army suspended vacations for combat forces due to concerns about the possibility of Iran launching attacks on Israeli territory, which brought back geopolitical tensions in the Middle East.Israeli Air Force raised its alert to the …

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• 5 April 2024 12:57 am

  March Jobs Report: Will the Fed Hold its Rate Cut Cards Following NFP?

  

  As the Bureau of Labour Statistics (BLS) delivers its much-awaited March jobs report for the US, the financial markets are seemingly excited. Traders will digest this jobs print with great care, looking for hints about how the US economy and Federal Reserve policies will develop in the near future. Nonfarm …

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• 4 April 2024 11:52 pm

  Bitcoin Erases Early April Decline Ahead of Halving Event

  

  On April 4, Bitcoin saw daily gains above $4,000 as traders anticipated upcoming short liquidations. Bitcoin surprised market watchers by rising about 5% from the day’s low. They saw bulls correcting a chart inefficiency following recent declines. Early April saw a dip in Bitcoin prices, but on Thursday it recovered …

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