Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2024

• 24 January 2024 1:50 am

  S&P 500 soars to fresh but Dow Jones retreats on earnings

  

  The S&P 500 continued its historic run upward as investors looked to the day’s earnings stream for clues about the state of the economy and corporate America.The S&P 500 increased by almost 0.3% to close at 4,864.61, a record high. Tuesday saw another big move in the Nasdaq Composite, which …

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• 24 January 2024 12:41 am

  GBP/USD impacted by stronger US Dollar, higher T-yields

  

  In the middle of the North American session, the Pound Sterling was negatively impacted by the strong US Dollar and high US Treasury bond yields, which supported the US dollar. The GBP/USD pair declined by more than 0.40%.As corporations release their fourth-quarter earnings from the previous year, US markets are …

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• 23 January 2024 11:33 pm

  Procter & Gamble’s earnings surge on new products

  

  Procter & Gamble reported a 4.14% increase in sales volume for categories like hair care and family care in the latest quarter, with organic sales rising 4% in Q2 excluding currency fluctuations, acquisitions, and divestitures. The company’s shift to a combination of price-driven growth and volume-driven growth is now strengthening. …

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• 23 January 2024 10:14 pm

  How could bitcoin be impacted by China’s measures to shield Yuan?

  

  Due to the persistent threat of a deflationary economic downturn and the concerns of the real estate market, foreign investors are seen withdrawing their cash from China, which has resulted in continued currency devaluation. The most recent steps Beijing has taken to address the problem pose a downside risk to …

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• 23 January 2024 9:15 pm

  US Dollar advances on rising US yields ahead of key data

  

  The US Dollar is having an uptrend, with the index currently trading up to the 103.70 level. This comes in anticipation of upcoming key inflation data and the impact of rising yield as markets reduced their dovish bets on the Fed. The US economy is thriving as traders await key …

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• 23 January 2024 8:28 pm

  European stocks retreat ahead of ECB rate decision

  

  European stocks fall as limited dip-buying coincides with a risk rally. Europe PMIs on Wednesday, ECB due on Thursday. PMIs for the euro area are predicted to grow slightly.Tuesday saw a first leg up for European market indices, which reached near-term highs before reversing course and testing the low end …

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• 23 January 2024 7:39 pm

  EUR/USD declines ahead of ECB’s decision

  

  At the time of writing, the EUR/USD pair is down 0.45% in the North American session, to 1.0833, after rising to 1.0915, helped by the Fed’s policy outlook. The Eurozone’s decline in confidence and the ECB’s tighter credit policy impact the euro against the greenback.Future US GDP estimates and ECB …

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• 23 January 2024 6:43 pm

  Bitcoin Plummets Below $39,000 as Aggregate Liquidations Surge to $320 Million Within 24 Hours

  

  Bitcoin (BTC) faced heightened volatility on Tuesday, slipping below the crucial $39,000 threshold and registering a 4.33% decline over the past 24 hours. As of the latest update, the primary cryptocurrency was exchanging hands at $38,955. This market movement prompted a significant liquidation event, affecting 124,153 traders and resulting in …

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• 23 January 2024 5:49 pm

  Goldman Sachs expects to cut US interest rates 4 times in 2024

  

  Joshua Shifrin, the international head of trading strategy at Goldman Sachs, has stated that the bank anticipates the US Federal Reserve to cut interest rates four times in 2024. He also expects inflation in the United States to reach 2% during the year. Shifrin suggests that the first half of …

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• 23 January 2024 3:35 pm

  European stocks open flat, healthcare losses erase impact of mining gains

  

  European stocks started trading on Tuesday with a relatively stable performance. Mining stocks experienced gains, partially offset by losses in healthcare stocks. Investors are anticipating the European Central Bank’s upcoming monetary policy meeting. As of 0822 GMT, the European STOXX 600 index settled at 472.66 points. Industrial and precious metals …

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• 23 January 2024 2:41 pm

  Gold shines as dollar declines amid anticipation of central bank decisions

  

  Gold prices saw an increase on Tuesday as the US dollar weakened, with investors anticipating interest rate decisions from various central banks and key economic data from the United States later in the week. In spot transactions, gold rose by 0.5 percent to $2,030.64 per ounce by 0545 GMT, and …

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• 23 January 2024 1:14 pm

  Yen fell as the Bank of Japan maintained an easy monetary policy

  

  The yen experienced a decline on Tuesday following the Bank of Japan’s decision to maintain its ultra-loose monetary policy at the conclusion of its two-day meeting, aligning with market expectations. The Japanese currency initially dropped by approximately 0.3 percent, reacting to the central bank’s decision to keep the short-term interest …

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• 23 January 2024 12:01 pm

  Oil stabilizes amid mixed indicators regarding supplies

  

  Oil prices experienced minimal changes on Tuesday as traders grappled with conflicting data on supply and demand, amidst rising tensions in the Middle East and disruptions to production in the United States due to cold weather issues. As of 03:53 GMT, Brent crude futures dipped by two cents to $80.04 …

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