Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2024

• 20 August 2024 10:00 am

  Gold Prices Ease Slightly, Remain Near Record Highs on Fed Rate Cut Speculation

  

  Gold prices dipped slightly in Asian trading on Tuesday but remained close to their record highs as traders increasingly believe that the Federal Reserve will begin cutting interest rates in September, leading to a weaker dollar. Spot gold edged down 0.1% to $2,501.06 an ounce, while December gold futures also …

  Read More »
• 20 August 2024 3:09 am

  Market Drivers; US Session, August 19

  

  Selling pressure on the US Dollar persisted as investor risk appetite strengthened ahead of crucial economic events. The release of the FOMC minutes and Federal Reserve Chair Powell’s speech at Jackson Hole loomed large.The USD Index plunged to its lowest point in several months, nearing 101.80, as positive sentiment dominated …

  Read More »
• 20 August 2024 1:54 am

  Is Bitcoin Encountering Consolidation or Collapse?

  

  Bitcoin’s recent price behavior has ignited a fervent debate among investors and analysts. After a brief flirtation with the $60,000 level, the world’s largest cryptocurrency has retreated, leaving market participants grappling with uncertainty. Is this a temporary consolidation phase, or a harbinger of a more protracted downturn?The Macroeconomic UndercurrentTo fully …

  Read More »
• 20 August 2024 12:58 am

  Canadian Dollar Finds Limited Support Amid Inflation Data, Rate Cut Expectations

  

  The Canadian Dollar exhibited a mixed performance on Monday, appreciating against its US counterpart while depreciating against other major currencies. This divergence comes as investors await crucial economic data releases and navigate a complex interest rate environment.Canada is poised to unveil its latest Consumer Price Index (CPI) figures on Tuesday, …

  Read More »
• 19 August 2024 11:54 pm

  Dow Jones continues to climb

  

  On Monday, the Dow Jones Industrial Average increased by more than 150 points. As market sentiment rises, stocks are gaining ground. Fears of a recession have subsided in the wake of positive US data.As US market indices often gain ground, the Dow Jones Industrial Average (DJIA) increased by more than …

  Read More »
• 19 August 2024 10:26 pm

  EUR/USD Surges on Dovish Fed Outlook, Softer Dollar

  

  Despite trading 1.1084, at the time of writing, the EUR/USD currency pair climbed higher on Monday, reaching levels near 1.1030, driven by growing expectations of a potential interest rate cut by the Federal Reserve as early as September.Recent economic data in the United States has painted a mixed picture. While …

  Read More »
• 19 August 2024 9:24 pm

  The China Hangover: A Global Economic Headache

  

  China’s rapid ascent from a developing nation to a global economic powerhouse in the early 21st century was nothing short of astonishing. Fueled by massive investments and a seemingly insatiable appetite for commodities, the country became the world’s factory and a key driver of global growth. This era witnessed a …

  Read More »
• 19 August 2024 7:35 pm

  Oil at the threshold of green territory ahead of Fed’s Jackson Hole

  

  For this Monday’s trading session, the oil price is on the verge of turning a negative performance into a positive one. Early Thursday, prices fell as traders turned their attention to concerns about Chinese demand and the negotiations for a cease-fire in Gaza. Hedge funds that are long the Japanese …

  Read More »
• 19 August 2024 6:58 pm

  Gold Prices Slide from Record Highs on Concerns Linked to China’s Demand

  

  Gold prices have pulled back from a historic peak above $2,500 per ounce. A combination of factors contributed to this decline:Increased Speculative Bets: Hedge funds and other large investors have significantly boosted their bullish positions in gold futures and options, reaching a four-year high. This suggests a potential market overbought …

  Read More »
• 19 August 2024 3:00 pm

  U.S. Stock Futures Edge Lower as Investors Await Powell’s Jackson Hole Speech

  

  U.S. stock index futures dipped slightly on Monday as Wall Street took a breather following its strongest week of the year. Investors are now turning their attention to the upcoming speech by Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, which could provide crucial insights into the central …

  Read More »
• 19 August 2024 12:59 pm

  European Shares Flat as Investors Await Key Economic Data and Powell’s Speech

  

  European shares opened flat on Monday, stabilizing after their best weekly performance in three months, as investors geared up for a data-heavy week. The primary focus is on U.S. Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium, which could provide insights into potential interest rate cuts. …

  Read More »
• 19 August 2024 11:34 am

  Oil Prices Decline Amid China Demand Concerns and Middle East Ceasefire Talks

  

  Oil prices eased on Monday as concerns about weakening demand in China, the world’s largest oil importer, weighed on market sentiment. Investors were also closely monitoring the progress of ceasefire talks in the Middle East, which could potentially reduce supply risks. Brent crude futures fell 45 cents, or 0.56%, to …

  Read More »
• 19 August 2024 9:59 am

  Dollar Declines Broadly Ahead of Key Fed Meeting Minutes and Powell’s Speech

  

  The U.S. dollar experienced a broad decline on Monday, with a particularly sharp drop against the Japanese yen, as investors anticipated a dovish tone in the Federal Reserve’s upcoming July policy meeting minutes and Chair Jerome Powell’s speech at the Jackson Hole Symposium. The greenback fell over 1% to 146.01 …

  Read More »