Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Fed Chair Jerome Powell is set to give the Senate banking committee its biannual monetary policy update on March 7. The House Financial Services Committee is expected to host Powell at a hearing at least a day earlier, based on past practice. Investors will be keenly interested in Powell’s congressional …
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18 May, 2024 12:31 am
Walmart’s Strong Earnings and High-End Customer Base
Walmart recently revealed first-quarter fiscal earnings that were higher than anticipated. During th…
17 May, 2024 10:47 pm
Dow Jones marginally rises on quiet Friday trading
With a marginal increase, Dow Jones seems unchanged on quiet Friday, although it was still significa…
17 May, 2024 9:14 pm
US Dollar Seems Neutral Amid Cautious Remarks By Fed Policymakers
As of right now, the US dollar index is trading at 104.50, indicating a neutral performance (DXY). S…
17 May, 2024 7:46 pm
GBP/USD Rallies as bulls aim for YTD high
During the North American session on Friday, the GBP/USD pair recovered from its losses on Thursday …
17 May, 2024 7:15 pm
Weaker Canadian Dollar May Not Stop BoC’s Divergence From Fed’s Path
In order to prevent a falling currency that could jeopardize the outlook for inflation, the Bank of …
17 May, 2024 1:42 pm
Bitcoin Reverses Gains Amid Fed Warnings on Interest Rates
Bitcoin prices dipped slightly on Friday, erasing some of the gains seen in the past two days as cau…
17 May, 2024 11:38 am
European Stocks Edge Lower Ahead of Key Inflation Data
European stock markets retreated slightly on Friday, as investors awaited crucial inflation data ami…
17 May, 2024 10:33 am
Dollar Faces Largest Weekly Drop Against Euro in Over Two Months Amid Cooling U.S. Inflation and Economic Slowdown
The dollar is on track for its biggest weekly decline against the euro in two and a half months, as …
17 May, 2024 9:59 am
Gold Prices Dip Amid Fed Officials’ Cautious Stance, but Weekly Gains Persist
Gold prices saw a slight decline on Friday, trimming some of the week’s gains, as Federal Rese…
17 May, 2024 9:30 am
Asian Markets Retreat Amid Fed Warnings and Mixed Chinese Data
Asian stock markets faced declines on Friday as a series of warnings from Federal Reserve officials …
Market Analysis
February, 2024
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15 February 2024 10:03 pm
BoE’s Greene: Evidence on cooling inflation is prerequisite for rate cut
Bank of England policymaker Megan Greene has stated that she will not vote to cut the cost of borrowing until more evidence of inflation returning to the central bank’s target is found. Greene believes that UK monetary policy will need to remain restrictive for some time for inflation to sustainably …
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15 February 2024 9:09 pm
Canadian dollar edges up after US Retail Sales
The Canadian Dollar has recovered on Thursday after missing expectations and shrinking in January. The US dollar’s midweek surge on CPI-fueled risk aversion is getting pared back, and the CAD is finding additional support from recovering crude oil bids heading into the back end of the trading week. Canadian Housing …
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15 February 2024 8:01 pm
EUR/USD advances following weak US retail sales
The euro has gained ground on the US Dollar following a drop in US retail sales and Treasury yields, leading to a decline in US rates and the dollar. The EUR/USD pair trades at 1.0784, with softer Eurozone data indicating a rise in the euro. Retail sales decreased by -0.8%, …
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15 February 2024 3:09 pm
International Energy Agency Revises Downward Global Oil Demand Growth Forecast
IEA’s Revised Outlook:The International Energy Agency (IEA) announced on Thursday a downward revision in its forecast for global oil demand growth, indicating a loss of momentum in the sector. The agency anticipates a slower pace of growth, projecting an increase of 1.22 million barrels per day in 2024. This figure …
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15 February 2024 2:59 pm
European Stocks Rally on Weaker Inflation Data and Positive Corporate Results
Inflation Data Boosts Sentiment:European stocks regained ground on Wednesday, buoyed by weaker-than-expected inflation data in Britain. This bolstered hopes that the Bank of England would implement interest rate cuts soon, providing a positive outlook for investors. Additionally, positive earnings reports from select companies contributed to the market’s upward momentum. STOXX …
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15 February 2024 2:43 pm
Japan’s GDP Contracts in Q4 Contrary to Expectations
Unexpected GDP Contraction:Data released by the Prime Minister’s Office in Japan early Thursday morning revealed a contraction in the country’s gross domestic product (GDP) during the fourth quarter. Contrary to expectations of growth by approximately 1.4%, the GDP contracted by 0.4% on an annual basis. Furthermore, the previous reading for …
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15 February 2024 12:39 pm
UK GDP Contracts in January, Exceeding Market Expectations
GDP Data Release:Data released Thursday morning by the Office for National Statistics in Britain revealed that the country’s gross domestic product (GDP) contracted by 0.1% on a monthly basis in January. This figure exceeded market expectations, which had predicted a contraction of 0.2%. Notably, the previous reading for December indicated …
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15 February 2024 12:11 pm
Dollar Holds Below Three-Month High Amid Uncertainty Over Fed Rate Cuts
Dollar’s Stance Amidst Fed Rate Cut Speculations:The dollar remained below a three-month high on Thursday as investors grappled with the question of when the Federal Reserve would initiate interest rate cuts. Central bank officials’ comments on Tuesday’s inflation data further complicated the situation, leading to cautious market sentiment. Yen’s Resilience …
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15 February 2024 11:28 am
Gold Prices Hold Steady Near Two-Month Low Amidst Mixed Fed Comments
Gold prices remained resiliently near a two-month low, reflecting the market’s response to mixed commentary from Federal Reserve officials regarding January’s inflation data. This dynamic has tempered expectations for a significant cut in interest rates, prompting investors to closely monitor developments in the precious metals market. Assessment of Market Movement:In …
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15 February 2024 2:37 am
Market Drivers – US Session, February 14
The US Dollar retreated after a strong rebound on Tuesday due to CPI, easing the pressure in the risk-linked universe. The USD Index (DXY) fell from multi-week highs near the 105.00 barrier due to uneven improvement in the risk complex.Economic DataRetail Sales, the Philly Fed Manufacturing Index, Industrial Production, the …
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15 February 2024 1:13 am
Fed confident inflation is heading toward 2% target
Michael Barr, the vice chair of the Federal Reserve’s Supervision Committee, sent out a statement to news outlets late on Wednesday stating that the FOMC and the Fed as a whole are still optimistic that US inflation will approach the 2% target.Barr is closely watching the situation and does not …
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15 February 2024 12:17 am
US dollar retreats after post-CPI rally
During the North American session, the DXY Index lost -0.14% of its value and dropped to 104.70. Investors are benefiting from the spike on Tuesday in response to the CPI data, which caused the Fed to reevaluate its rate-easing projections. For the remainder of the week, the markets will keep …
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