Open Demo Account

Market Analysis

April, 2024

  • 16 April 2024 3:18 am

    Market Drivers; US Session, April 15

    Amidst rising Treasury yields, the US dollar’s upward momentum persisted, pushing it to new annual highs around 106.20. This week seems to be dominated by escalating geopolitical concerns, especially in the Middle East. Indicated by the USD Index (DXY), the US dollar held its bullish tilt and surged to new …

    Read More »
  • 16 April 2024 1:58 am

    Where would oil price be heading amid Middle East tensions?

    Although oil prices have declined then afterwards managed to recover on Monday, geopolitical tensions might cause them to surge again, which would have repercussions in this year of significant elections. Traders are waiting for Israel to react to Iran’s recent direct attack, therefore they are on high alert. After falling …

    Read More »
  • 16 April 2024 12:39 am

    US Dollar Finds Momentum After Retail Sales Data

    The US Dollar Index (DXY), which peaked last week at 106.10, surged 0.16% to currently trade a little above at 106.182 at the time of writing. The Fed’s hawkish language is still supported by strong economic data, and rising US Treasury yields help the greenback. The US Dollar tends to …

    Read More »
  • 15 April 2024 11:55 pm

    Where Would Bitcoin Be heading Next After Looming Halving?

    Bitcoin, the most famous cryptocurrency with over $1.4 trillion in value, is to undergo a major upgrade known as the halving event. This is planned to take place within less than one week. This halving, which has historically triggered a massive surge in Bitcoin’s price, this is mainly because of …

    Read More »
  • 15 April 2024 10:57 pm

    Dow Jones declines on geopolitical tensions, higher T-yields

    Concerns about Middle Eastern geopolitical tensions have been coupled with high yields, which have caused further decline in the Dow Jones Index. In the early afternoon, the index is trading little higher after losing its early gains. The market’s appetite for risk has increased following to Goldman Sachs’ better-than-expected quarterly …

    Read More »
  • 15 April 2024 9:24 pm

    Sterling recovery stalls following strong US data

    The UK Pound has not yet recovered, and its previous attempts at rising above the 1.2500 mark stalled earlier on Monday. The pair has given in to the widespread strength of the US Dollar following the announcement of positive US retail sales data, and is currently trading at 1.2456, up …

    Read More »
  • 15 April 2024 8:02 pm

    USD/JPY rises on robust US economic data

    Due to risk aversion brought on by Middle East tensions and solid US economic data, the USD/JPY pair has reached a 34-year high. US Treasury rates rose as a result of March’s strong US retail sales, which demonstrated consumer strength. Japanese officials are nonetheless cautious about the currency’s rapid advancement, …

    Read More »
  • 15 April 2024 7:07 pm

    Gold Retreats Following US Retail Sales Data

    Gold price retreats from the daily highs near $2,371 as investors do not see Middle East tensions escalating further. US bond yields soar as the Fed seems to initiate the rate cut cycle from September. The US Dollar has gathered some strength on the strong US Retail Sales data, while …

    Read More »
  • 15 April 2024 6:12 pm

    US Retail Sales rise in March

    The US Census Bureau revealed on Monday that Retail Sales in the US experienced a 0.7% increase in March, reaching $709.6 billion. This figure follows a revised 0.9% rise (originally reported as 0.6%) in January and surpassed market forecasts of 0.3%. Excluding automobile sales, Retail Sales surged by 1.1% during …

    Read More »
  • 15 April 2024 2:01 pm

    European stocks start the week cautiously amid geopolitical tensions

    European stocks saw gains on Monday, with defense shares leading the charge, as investors weighed the broader implications of escalating tensions in the Middle East. Optimism surrounding potential interest rate cuts also contributed to the improved market sentiment. The European STOXX 600 index edged up by 0.1 percent, with the …

    Read More »
  • 15 April 2024 12:26 pm

    Oil declines after an Iranian attack on Israel

    Oil prices dropped as Asian markets opened on Monday, as market participants reduced risk premiums following an Iranian attack on Israel late Saturday, which the Israeli government stated caused limited damage. By 1256 GMT, Brent crude futures for June delivery declined by 24 cents to $90.21 a barrel, while West …

    Read More »
  • 15 April 2024 11:27 am

    Nikkei index declines on the back of the Iranian attack and the selling on Wall Street

    Japan’s Nikkei blue-chip index fell on Monday as investors rushed to sell stocks after escalating violence in the Middle East and a sell-off on Wall Street at the end of the week. Shares of the Japanese semiconductor sector followed their American counterparts in decline after a media report stated that …

    Read More »
  • 15 April 2024 10:41 am

    Gold rises with increased demand due to tension in the Middle East

    Gold prices climbed on Monday, lingering just below the previous session’s record high, driven by escalating tensions in the Middle East that bolstered demand for the precious metal as a safe haven. As of 0056 GMT, spot gold rose by 0.3 percent to $2,350.59 per ounce, following its historic peak …

    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