Noor Trends News, Technical Analysis, Educational Tools and Recommendations
There were 205,000 initial claims for unemployment benefits in the US during the week ending December 18, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading matched the market consensus.
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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
December, 2021
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23 December 2021 5:37 pm
US Annual Core PCE Inflation Rises to 4.7% in November
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose to 4.7% YoY in November, the US Bureau of Economic Analysis reported on Thursday. That was above the consensus forecast for an inflation rate of 4.5% and marked a substantial acceleration from October’s inflation rate …
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23 December 2021 5:21 pm
Putin: Russia is Not Responsible For The Rise in Gas Prices in Europe
Russian President Vladimir Putin said Thursday, December 23, that it was unfair to accuse Russia of being responsible for the rise in natural gas prices to record levels in Europe, given that the Russian company Gazprom fulfilled all its supply commitments. Putin told an annual press conference that Gazprom had …
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23 December 2021 4:15 pm
US Stock Futures Are Rising
US stock index futures rose in Thursday morning’s trading to offset yesterday’s losses. This rise in US stocks came after the US Food and Drug Agency (USFDA) announced that it had granted emergency approval to a drug developed by Pfizer to treat people infected with the Coronavirus, which has a …
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23 December 2021 3:47 pm
The Turkish lira is Witnessing a Sudden Rise
The Turkish lira rose sharply today, Thursday, to succeed in descending below the 10.34 lira/dollar, while it is very close to the levels of 10. The Turkish lira jumped against the dollar during these moments by more than 11%, as it was seen at levels of 10.34 lira/dollar, which is …
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23 December 2021 2:14 pm
Oil Gives up Its Gains And Retreats
Oil gave up gains recorded earlier in the session on Thursday, and retreated, affected by some countries in the world imposing new restrictions on travel to limit the increase in infections with the Omicron mutant, but losses remained limited due to positive developments related to the pandemic. By 0810 GMT, …
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23 December 2021 12:20 pm
AstraZeneca Vaccine Booster Works Against Omicron
A three-dose course of AstraZeneca’s COVID-19 vaccine is effective against the rapidly-spreading Omicron coronavirus variant, the pharmaceutical company said on Thursday, citing data from an Oxford University lab study. The study, which has not yet been published in a medical journal, showed that levels of omicron antibodies after receiving the …
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23 December 2021 11:36 am
Japan shares rise, tracking Wall Street
Japanese shares rose at the close on Thursday, tracking a strong close on Wall Street Wednesday night, while positive data from a South African study on the mutant Omicron boosted airline stocks. The Nikkei index jumped 0.83 percent to close at 28,798.37 points, recording a rise for the third consecutive …
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23 December 2021 10:40 am
Gold rises before Christmas as the dollar declines
Gold prices rose on Thursday in limited trading at the end of the year, with the decline of the dollar, which is considered a safe haven, after encouraging results from a study on the mutant Omicron from the Corona virus and increasing optimism about the global economic outlook. And gold …
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23 December 2021 4:51 am
Market Drivers – US Session – 22-12-2021
The White House has dimmed optimism over the Omicron batter after the US Food and Drug Administration approved a pair of pills from Pfizer and Merck to treat Covid-19. The White House has warned it will take more than six months to fulfil its initial order for Pfizer’s antiviral Covid-19 …
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23 December 2021 4:14 am
AUD/USD Pair Eying US Data
AUD/USD defends 0.7200 resistance breakout, taking rounds to 0.7215-20 during early Thursday morning in Asia.In doing so, the pair remains near the monthly peak of 0.7225, which holds the gate for a rally towards the 0.7300 hurdles. Despite rising virus cases and fears of ore infections during new-year celebrations, positive …
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23 December 2021 3:52 am
What GDP, Growth Data Can Tell About US economic Recovery
The US economy grew faster than expected in the third quarter of 2021 at 2.3%, up from an estimate of 2.1%. The third-quarter growth in America’s total output in goods and services significantly slowed from the first two quarters where growth soared to 6.3% and 6.7% respectively. GDP growth is …
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23 December 2021 2:56 am
White House Warns Pfizer Pill Won’t Be Widely Available
The White House has dimmed optimism over the Omicron batter after the US Food and Drug Administration approved a pair of pills from Pfizer and Merck to treat Covid-19.The White House has warned it will take more than six months to fulfil its initial order for Pfizer’s antiviral Covid-19 pill, …
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