Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2023

• 9 November 2023 2:44 pm

  Sony’s operating profits decline 29% in the second fiscal quarter

  

  Sony announced Thursday, November 9, a 29% decline in operating profits in the second fiscal quarter, as the Japanese electronics giant suffered weakness in its chip business. Revenues amounted to 2.8 trillion Japanese yen, equivalent to “18.5 billion dollars,” compared to an expected 2.87 trillion yen, which represents an increase …

  Read More »
• 9 November 2023 2:15 pm

  Japan’s Nikkei recovers at the close after positive business results

  

  The Japanese Nikkei index achieved strong gains at the close on Thursday, November 9, ending losses that continued for two days, supported by strong business results that helped raise shares of energy companies and consumer goods. The Nikkei closed at an increase of 1.49%, recording 32,646.46 points, offsetting most of …

  Read More »
• 9 November 2023 1:03 pm

  European stocks opened stable

  

  European stocks began trading on Thursday on a stable note after the positions of European Central Bank policymakers reduced market optimism regarding interest rate cuts, while investors again awaited comments from Federal Reserve Chairman Jerome Powell. The European STOXX 600 index saw little change by 0810 GMT after touching the …

  Read More »
• 9 November 2023 3:01 am

  Market Drivers – US Session, Nov. 8

  

  Gold is still under pressure; it is now trading below $1,950, and it is at its lowest point since October 19. The drop in Treasury yields did not help the yellow metal. Due to the decline in Gold, Silver finished the day unchanged at $22.50.On Wednesday, the US dollar showed …

  Read More »
• 9 November 2023 2:28 am

  Disney reports better than expected profit

  

  Disney revealed impressive Q4 results, with theme park revenue continuing to rise and profits exceeding estimates. But there was cause for concern regarding a drop in ad revenue, mostly from Disney’s ABC Network and other owned TV stations. With an additional $2 billion in cost-cutting measures, the company intends to …

  Read More »
• 9 November 2023 1:45 am

  New Zealand Dollar moves back after central bank’s report

  

  New Zealand’s dollar has lost ground against the US Dollar following the Reserve Bank of New Zealand’s latest inflation expectations report. The report suggests that prices are likely to fall in the future, capping interest rates, a negative for NZD. The NZD/USD pair has lost 0.37% on the day and …

  Read More »
• 9 November 2023 12:59 am

  Oil price remains lower after Tuesday’s steep decline

  

  Early on Wednesday, oil prices continued to decline from their lowest points since July. West Texas Intermediate, at $77.30 per barrel, saw minimal movement. The global benchmark, Brent crude, increased by 0.1% to $81.69 per barrel. The price of a barrel of Brent crude dropped $2.14, or 2.6%, to $79.47. …

  Read More »
• 8 November 2023 11:46 pm

  Gold continues to decline below $1,950.

  

  On Wednesday, gold was expected to reach new lows, testing $1,950. Investor hopes for a dovish Fed ease are pushing back precious metals. Gold is trading at $1,947.96 per ounce at the time of writing.US Treasuries are still quite low; they recently eased back to 4.5% from 4.615%. Gold is …

  Read More »
• 8 November 2023 9:48 pm

  EUR/GBP surges as UK stagflation scenario approaches

  

  The EUR/GBP pair reached a weekly peak at 0.8711, driven by concerns over the UK’s economic stagnation and potential stagflation. UK GDP forecasts suggest a possible contraction in Q3, with expectations of a -0.1% decrease in QoQ, pressuring the Pound.The Bank of England’s mixed signals, with Governor Bailey’s cautious stance …

  Read More »
• 8 November 2023 8:41 pm

  Wall Steet Indexes edge higher post Powell’s speech

  

  With investors analysing earnings reports and remarks from Federal Reserve officials for hints about how long the American central bank will maintain high interest rates before beginning to reduce them, Wall Street’s major indexes edged higher on Wednesday.Amidst anticipations that the Fed may be done raising interest rates, Treasury yields …

  Read More »
• 8 November 2023 7:51 pm

  Dollar weakened on absence of guidance in Powell’s speech

  

  The US dollar is weakening as Jerome Powell, the chairman of the Federal Reserve, gave a speech devoid of any mention of monetary policy or guidance. Traders are beginning to paint a picture of the US and global economies as the earnings season draws to a close. People’s finances are …

  Read More »
• 8 November 2023 5:28 pm

  European stocks fell, affected by the decline of insurance companies

  

  European stocks fell on Wednesday, November 8, with shares of insurance companies and financial institutions taking the biggest hit as investors evaluated economic data and corporate profits. The European STOXX 600 index fell 0.1% by 0815 GMT, reaching its lowest level in almost a week and heading for a decline …

  Read More »
• 8 November 2023 4:36 pm

  Britain targets the Russian gold and oil sectors with new sanctions

  

  Britain on Wednesday imposed sanctions on 29 individuals and entities in Russia’s gold and oil sectors as part of its targeting of the Kremlin’s finances supporting the war in Ukraine. The sanctions include a UAE-based network that Britain says is responsible for funneling more than $300 million in gold revenues …

  Read More »