Open Demo Account

Market Analysis

June, 2023

  • 7 June 2023 11:55 pm

    US stocks slide after recording biggest midday moves

    On Wednesday, US stocks experienced a decline due to a shift away from technology stocks that negatively impacted the Nasdaq. Additionally, profit-taking ahead of key economic and policy events next week caused the S&P 500 to slide. The Dow Jones Industrial Average surged 71.82 points, or 0.21%, to 33,645.1, the …

    Read More »
  • 7 June 2023 10:34 pm

    UK Energy Investments At Risk Ahead Of Elections

    According to a recent report, some $30bn (£24.2bn) of investment in new UK energy projects is at risk if Labour wins the next election. The report suggests that a Labour government could send a signal to investors that the UK is not a secure destination for new energy projects, deterring …

    Read More »
  • 7 June 2023 9:59 pm

    RBA Hope of No Recession Doubted On Crashing Yield Curve

    RBA

    Australia’s bond market is showing serious concern the central bank will push the country into a recession. The Australian key yield curve shrank to 13 basis points on Wednesday after data showed the economy slowed more than expected last quarter, while accelerating labor costs underlined the nation’s inflation challenge.The key …

    Read More »
  • 7 June 2023 8:57 pm

    Gold slides on surging US T-yields, global economic woes

    Gold prices decline, hindered by rising US bond yields and the greenback’s resilience; XAU/USD is down 0.50%. Gloomy global economic outlook impacts sentiment, with disappointing export data from China and broadened US trade deficit.The US dollar gains momentum as the US Dollar Index (DXY) pares earlier losses, adding pressure on …

    Read More »
  • 7 June 2023 7:46 pm

    EUR/USD jumps on hawkish ECB remarks, US trade deficit reading

    The EUR/USD pair buoyed by hawkish ECB commentary bounces off 200-day EMA as Fed June rate hike expectations fade. The US trade deficit widens significantly to $-74.6B, driven by a decline in exports and a rise in imports. Rate hikes by BoC and RBA influence US Treasury bond yields, signaling …

    Read More »
  • 7 June 2023 5:50 pm

    BoC Preview: Forecasts from four major banks

    The Bank of Canada (BoC) is scheduled to publish its Interest Rate Decision on Wednesday, June 7 at 14:00 GMT, and as the day approaches, here are the forecasts of four major banks’ economists and academics on the impending announcement. The Bank of Canada is likely to hold interest rates …

    Read More »
  • 7 June 2023 4:51 pm

    High oil prices, supported by Saudi pledges to cut production

    Oil prices rose on Wednesday, supported by Saudi Arabia’s surprise pledges this week to cut production further, which offset the impact of weak Chinese data and an increase in US fuel inventories. Brent crude futures rose 36 cents, or 0.5 percent, to $76.65 a barrel by 0949 GMT. West Texas …

    Read More »
  • 7 June 2023 2:46 pm

    Turkish lira plunged 7%, amid the largest selling since the 2021 crisis

    The Turkish lira plunged 7 percent on Wednesday to a new record high amid the biggest sell-off in the currency since its historic collapse in 2021, as the new Turkish government appeared to ease stabilization measures after hinting at a shift to more traditional policies. The lira has been under …

    Read More »
  • 7 June 2023 12:59 pm

    Dollar fluctuates with the receding expectations of an interest rate hike

    The dollar saw a volatile performance on Wednesday as expectations of a Federal Reserve rate hike this month receded, however moves remained range-bound as traders focused on whether an end to monetary tightening was in sight around the world. The Australian dollar recorded the highest level in three weeks, extending …

    Read More »
  • 7 June 2023 12:06 pm

    Oil continues its losses as fears of an economic slowdown return

    Oil prices extended losses on Wednesday as fears of headwinds from the global economy exacerbated gains gained after top crude exporter Saudi Arabia pledged earlier this week to deepen production cuts. Brent crude futures fell 40 cents, or 0.5 percent, to $75.89 a barrel by 0456 GMT. US West Texas …

    Read More »
  • 7 June 2023 12:00 pm

    Japan’s Nikkei index records its biggest decline in 12 weeks after a series of gains

    Japan’s Nikkei index recorded its biggest drop in 12 weeks on Wednesday, as investors exercised caution after a series of gains. The Nikkei index fell 1.82 percent to close at 31,913.74 points, its biggest daily decline since March 14, ending a four-day streak of gains. The index rose 0.6 percent …

    Read More »
  • 7 June 2023 1:46 am

    Market Drivers – US Session – 06/06/2023

    The dollar posted mixed results on Tuesday in a cautious market ahead of a crucial week. The USD Dollar Index rose 0.15% but was unable to break the 104.40 area again. US Treasury yields held relatively steady. There are no Federal Reserve speakers ahead of next week’s FOMC meeting. Fed …

    Read More »
  • 7 June 2023 1:18 am

    What Could SEC’s Battle Bring About In Cryptocurrency Market?

    What Changes In The Cryptocurrency Markets Could The SEC Fight Bring About?The US Securities and Exchange Commission filed a new lawsuit against Coinbase on Tuesday, just 24 hours after filing one against Binance. The entire business model of the cryptocurrency sector, according to SEC Chairman Gary Gensler, is “built on …

    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