Open Demo Account

Market Analysis

August, 2023

  • 30 August 2023 1:33 pm

    European stocks rise with support from insurance companies

    European stocks rose at the open on Wednesday after positive results from Prudential Insurance supported the sector index, while investors awaited more important data to assess the strength of the economy in the region. By 0703 GMT, the European STOXX 600 index rose 0.1 percent after rising about 1 percent …

    Read More »
  • 30 August 2023 12:42 pm

    Dollar is recovering as investors await more indicators on the US Central Bank’s path

    The US dollar recovered from some of the sharp losses it incurred in the previous session, as investors awaited more data from the labor market for indications of the Federal Reserve’s policy path. The dollar index, which measures the performance of the US currency against a basket of six major …

    Read More »
  • 30 August 2023 11:56 am

    Nikkei closed at the highest level in 3 weeks, supported by bargain hunting and the rise of Wall Street

    The Nikkei index closed at a three-week high on Wednesday as investors bought back plunging stocks and a boost from an overnight rally on Wall Street lifted market sentiment. The Nikkei ended the session up 0.33 percent, recording 32,333.46 points, the highest level since August 10, after continuous gains for …

    Read More »
  • 30 August 2023 1:33 am

    Market Divers – US Session, August 29

    The US Dollar Index dropped by the most since more than a month. Although the US Dollar fall is set to continue, the direction will depend heavily on incoming US data. On Wednesday, the ADP private employment report and another estimate of Q2 GDP growth will be released. Consumer inflation …

    Read More »
  • 30 August 2023 12:47 am

    Why do financial markets expect less hawkish Fed?

    According to the US Bureau of Labour Statistics, there were 8.827 million job opportunities in July, far fewer than the predicted 9.465 million, while consumer confidence declined. The probability of a Fed rate hike in September has decreased to just 13.5%, according to the CME FedWatch Tool, while the probability …

    Read More »
  • 29 August 2023 11:40 pm

    Iconic US Retail Chain Filing bankruptcy

    Due to its $3.3 billion debt and probable lawsuits regarding opioid prescriptions, American iconic retail chain Rite Aid is getting ready to apply for Chapter 11 bankruptcy protection. The firm has had difficulties throughout its history, with rivals including Bed Bath & Beyond, Tuesday Morning, and Christmas Tree Shops faltering …

    Read More »
  • 29 August 2023 10:49 pm

    US stocks climb on August dip activity

    In the final days of a typically challenging August for the stock market, investors flocked back to tech stocks, driving the Nasdaq Composite Index up by more than 1% on Tuesday. The Dow Jones Industrial Average gained 258 points or 0.7% and the S&P 500 increased by 1.4%.The tech-focused Nasdaq …

    Read More »
  • 29 August 2023 9:47 pm

    Sterling strongly recovers as investors hope for next BoE’s hike

    The pound Sterling has recovered as investors await the BoE’s 25 basis point interest rate hike to neutralize the Federal Reserve-BoE divergence. However, the GBP/USD pair’s revival faded as further policy tightening by the BoE will dampen the economic outlook. The UK’s restrictive monetary policy has widened its scope to …

    Read More »
  • 29 August 2023 8:52 pm

    Gold celebrates softer US economic data

    Gold and silver prices rose during Tuesday’s lunchtime US trading session, with gold reaching a three-week high and silver reaching a four-week high. Fresh purchasing activity in the precious metals was sparked by reports on the consumer confidence index and the US jobs turnover data (JOLTS), both of which were …

    Read More »
  • 29 August 2023 7:46 pm

    BNB coin jumps by over 5% in 24 hours

    The price of BNB/USD increased by 5.91% to $231.33 over the previous day. This maintains the upward path it has been on for the previous week, rising 13.0% from $205.67 to the present price. The current value of the coin is $686.31, which is its all-time high.The coin’s trading volume …

    Read More »
  • 29 August 2023 4:13 pm

    Sterling edges higher as traders await steer from Bank of England

    The pound ticked higher against the dollar and euro on Tuesday as traders await comments by Bank of England Chief Economist Huw Pill later this week for more direction on the central bank’s next move. Sterling was up 0.10% at $1.2614 at 1000 GMT. It was 0.13% higher against the …

    Read More »
  • 29 August 2023 3:03 pm

    Flight chaos to last for days after air traffic control fault

    Britain’s Transport Secretary Mark Harper said it would take days to solve widespread flight disruption to and from the country after air traffic control systems suffered a technical problem. Authorities canceled more than 1,500 flights on Monday, one of the busiest days of the week in the country, after air …

    Read More »
  • 29 August 2023 1:25 pm

    Dollar is stable ahead of a busy week of data and yen is under pressure

    The dollar fell on Tuesday, after a strong rally, amid dealers’ reluctance to make big bets ahead of a series of expected economic data this week, while the Japanese yen fell to close to the levels that led the authorities to intervene to support it last year. The dollar 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