Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2023

• 29 May 2023 9:30 pm

  Oil price restricted on US debt deal, holiday thin volume

  

  Oil price finds some restriction after Republicans and Democrats have agreed on a deal to extend the US government debt ceiling on Sunday. The deal means a default is unlikely and boosts demand prospects in the US. US interest rates are expected to rise further after debt deal and strong …

  Read More »
• 29 May 2023 8:16 pm

  Global investors welcoming debt deal despite looming risks

  

  As politicians work to push the agreement through Congress before the new June 5 deadline, international investors are simulating the market effects of that deal.Investors predicted that a deal between the White House and House Republicans to raise the $31.4 trillion debt ceiling would prevent a disastrous American default, increase …

  Read More »
• 29 May 2023 7:23 pm

  Why is gold poised to remain under pressure?

  

  The US inflation target has not been realized yet. Price pressures look too sticky and the country’s economy is showing little weakness. Therefore, the US dollar remains strong, and accordingly, gold could remain under downside pressure. Economists also see chances for further rate hikes by the US central bank more …

  Read More »
• 29 May 2023 4:33 pm

  U.S. stock futures point higher after debt ceiling deal

  

  US stock futures rose in modest holiday trade on Monday as legislators in Washington reached an agreement to raise the $31.4 trillion debt ceiling and avoid a potentially catastrophic default. By 11:32 GMT, the Dow futures contract had gained 60 points, or 0.18%, the S&P 500 futures had gained 10 …

  Read More »
• 29 May 2023 3:38 pm

  European shares lack momentum after debt ceiling deal

  

  European market indices fell marginally on Monday, lacking impetus in thin trade, but Wall Street futures remained optimistic after the US achieved a debt ceiling deal over the weekend. On Saturday, US President Joe Biden and senior congressional Republican Kevin McCarthy reached a tentative agreement to lift the federal government’s …

  Read More »
• 29 May 2023 2:13 pm

  Turkish lira is falling to a new record, and stocks are rising after Erdogan’s victory

  

  The Turkish lira fell to a new record low against the dollar on Monday, but stocks rose after President Recep Tayyip Erdogan won re-election on Sunday, ushering his increasingly authoritarian rule into a third decade. The lira fell to 20.065 pounds per dollar in early European trading, surpassing the previous …

  Read More »
• 29 May 2023 12:28 pm

  USD stabilizes with increasing expectations of interest rate hike and optimism about debt ceiling

  

  The dollar held steady on Monday amid rising expectations of a Federal Reserve hike in interest rates, despite news of a debt ceiling agreement that drove some hedge-seekers away from the greenback. The dollar recorded its highest level in six months against the Japanese currency at 140.91 yen in early …

  Read More »
• 29 May 2023 10:53 am

  Asian stocks rise, Nikkei at 33-year high on debt ceiling optimism

  

  Most Asian equities rallied on Monday as markets hailed a tentative agreement reached by US legislators to raise the debt ceiling and avoid a default, with Japan’s Nikkei resuming its near-33-year highs on better risk appetite. The Nikkei 225 led Asian markets, rising 1.4% to its highest level since July …

  Read More »
• 29 May 2023 9:41 am

  Oil rises after reaching an initial agreement on the US debt ceiling

  

  Oil prices rose in early Asian trade on Monday after US leaders reached a tentative agreement on the government’s debt ceiling, which could prevent a catastrophic default in the world’s largest economy and oil consumer. And by 2317 GMT, Brent crude futures rose 39 cents, or 0.5 percent, to $ …

  Read More »
• 29 May 2023 9:07 am

  Gold prices are falling after reaching an agreement regarding the US debt ceiling

  

  Gold prices fell on Monday after a tentative agreement was reached on suspending the US debt ceiling at the weekend, as concerns about prolonged interest rate hikes dampened appetite for the non-interest-bearing metal. And by 0252 GMT, spot gold fell 0.1 percent to $ 1944.09 an ounce, hovering near its …

  Read More »
• 29 May 2023 4:23 am

  Financial Markets’ Weekly Recap, May 22-26

  

  US stocks closed higher on Friday as progress was made in talks to raise the US debt ceiling, while chip stocks jumped for the second day amid optimism about artificial intelligence. After several rounds of talks, a US official told Reuters that US President Joe Biden and Republican House Speaker …

  Read More »
• 27 May 2023 2:54 am

  Market Drivers – US Session – 26/05/2023

  

  Tech stocks pushed solid gains for Wall Street on Friday after another chipmaker reported strong demand related to artificial intelligence. The gold market suffered another week of losses, falling for the third week as markets shifted expectations from a rate pause to a rate hike at the Fed’s policy meeting …

  Read More »
• 27 May 2023 2:31 am

  US equities sharply higher on debt ceiling deal optimism

  

  US stocks finished sharply higher on Friday on hopes that talks on raising the US debt ceiling could further progress and a deal could eventually be made, while chip stocks surged for a second straight day on optimism about artificial intelligence.After several rounds of talks, US President Joe Biden and …

  Read More »