Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 29 April 2024 10:57 pm

  Will Powell, FOMC Rescue Bitcoin Price?

  

  The price of Bitcoin, the most well-known cryptocurrency worldwide, is under pressure as it approaches $60,000. As of this writing, Bitcoin is trading at $62,727, down -1.88% from its peak. The Federal Reserve is the focus of attention in the cryptocurrency market this week due to the highly anticipated FOMC …

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• 29 April 2024 9:59 pm

  US Dollar Declines Ahead of FOMC Meeting

  

  The US Dollar Index (DXY) has fallen to 105.70, with the Bank of Japan’s intervention causing a slight drop in the dollar’s value. However, the dollar’s rally is expected to continue due to monetary policy divergence favoring the US Dollar and the anticipation of a hawkish hold from the forthcoming …

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• 29 April 2024 8:46 pm

  EUR/GBP crashed inside multi-month range

  

  The EUR/GBP exchange rate has fallen back into its several-month range. It is falling to the floor of the range, where it will probably find firm support. Based on the range’s height, a decline would trigger downside objectives.After experiencing five straight days of declines, the EUR/GBP pair is now trading …

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• 29 April 2024 8:05 pm

  Key things to know as Hong Kong crypto ETFs launch tomorrow

  

  Hong Kong is set to launch trading for spot Bitcoin and Ether exchange-traded funds (ETFs) on April 30, marking a significant milestone in developing regulated crypto investment products and ETFs worldwide. Three Chinese firms, China Asset Management, Bosera Asset Management, and Harvest Global Investments, are expected to launch crypto ETFs …

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• 29 April 2024 6:59 pm

  EUR/USD declines ahead of key US, Eurozone data

  

  The EUR/USD is struggling to maintain gains above 1.0700 amid uncertainty ahead of key economic events, including the release of Eurozone’s CPI, Q1 GDP, and the Fed’s policy outlook. The European Central Bank is expected to start reducing key borrowing rates in June, with the release of preliminary data on …

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• 29 April 2024 4:03 pm

  Oil prices stabilize in anticipation of ceasefire talks between Israel and Hamas

  

  Oil prices fell in early Asian trading on Monday, giving up gains made on Friday, as peace talks between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Cairo eased fears of a widening conflict in the Middle East. US inflation data also reduced expectations of interest rate cuts soon. …

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• 29 April 2024 2:54 pm

  European stocks touch two-week highs

  

  European stocks rose to their highest level in two weeks on Monday, continuing the strong gains they achieved last week, as traders awaited economic data and the Federal Reserve’s decision on monetary policy. By 0718 GMT, the European STOXX 600 index rose 0.3 percent after recording its first weekly gain …

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• 29 April 2024 12:40 pm

  Dollar declines slightly as the market awaits the Fed meeting

  

  The US dollar experienced a minor dip today, reflecting lower trading activity due to Japan’s holiday. Meanwhile, the yen, euro, and sterling held steady near their recent lows following last week’s market turbulence. The yen saw a slight uptick against the dollar, reaching 158.05, marking a modest increase of around …

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• 29 April 2024 11:12 am

  Oil falls by 1% as ceasefire talks continue

  

  Oil prices fell in early Asian trading on Monday, giving up gains made on Friday, as peace talks between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Cairo eased fears of a widening conflict in the Middle East. US inflation data also reduced expectations of interest rate cuts soon. …

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• 29 April 2024 9:46 am

  Gold declines as hopes of a US rate cut recede

  

  Gold prices fell on Monday as hopes for an early US rate cut this year receded, while focus turned to the Federal Reserve’s monetary policy meeting and the US non-farm payrolls data released this week to reveal more indicators on monetary policy. By 0334 GMT, gold prices in spot transactions …

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• 29 April 2024 7:22 am

  Weekly Recap: Fed, Jobs Data, and Earnings in Focus

  

  Last week, risk appetite improved, exerting pressure on safe haven assets such as the US dollar and gold, resulting in their decline after experiencing weekly losses. This shift favored risk assets, particularly US stocks. Markets are now anticipating significant events in the upcoming week, including the Federal Reserve’s interest rate …

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• 27 April 2024 2:57 am

  Bitcoin may stay in the red for 15 days on “Post-Halving Danger Zone” concerns

  

  In addition to selling pressures, Bitcoin market disinterest is currently persisting, and a likely decline in price over the next couple of weeks would be an ideally typical post-halving behaviour. Bitcoin slid lower into the Wall Street open on April 26, as the market maintained familiar trading conditions. The most …

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• 27 April 2024 12:08 am

  Why Has ExxonMobil Stock retreated After Earnings?

  

  Today, ExxonMobil’s stock price retreated despite what appeared to be good earnings news. Investors are still wary even if the oil giant exceeded revenue projections ($83.1 billion vs. $73.2 billion) and analyst goals for earnings per share ($2.06).Some investors may still feel discouraged following ExxonMobil’s earnings report. This is mainly …

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