Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Wall Street’s main indexes are strongly leaping on Tuesday, with the Nasdaq surging 3% as investors piled onto beaten-down quality technology stocks, while Intel jumped after plans to take its self-driving car unit public.The chip giant’s (INTC.O) decision to list Mobileye in the United States in mid-2022 was met overwhelmingly, …
Read More »
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
-
7 December 2021 10:44 pm
RBA Keeps OCR Steady At 0.10%
The Reserve Bank of Australia (RBA) board members decided, on Tuesday, to leave the official cash rate (OCR) unchanged at a record low of 0.10% during their December monetary policy meeting.The board decided to maintain the interest rate on exchange settlement balances at zero percent. The board decided to continue …
Read More » -
7 December 2021 10:26 pm
BoC Ponders Groundwork For Rate Hikes
The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central bank is about to encounter an aggressive campaign in favour of interest rate hikes. Policy makers led by Governor Tiff Macklem are unlikely to raise their …
Read More » -
7 December 2021 9:40 pm
Oil Surges, EIA Raises 2022 World Oil Demand Growth Forecast
In its monthly Short Term Energy Outlook (STEO) report, the US Energy Information Administration has raised its forecast for 2022 world oil demand growth by 200000 barrels per day (BPD).This data was released on Tuesday, and now demand growing 3.55M BPD YoY next year. The EIA STEO cut its forecast …
Read More » -
7 December 2021 9:24 pm
White House Expects Economy To Power Through Omicron
White House economist believes that inflation is falling by about half and admits that the pandemic has challenged economic forecasting as the Federal Reserve targets inflation at 2%. Existing vaccine protections should help the United States to largely power through the emergence of the omicron coronavirus variant and avoid additional …
Read More » -
7 December 2021 8:30 pm
Economic Optimism Recovers From Covid-Era
Optimism about the U.S. economy registered its biggest bounce in more than a year in December, after sinking to COVID-era lows a month earlier.The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 48.4. Still, the index remained in modestly pessimistic territory. Readings above …
Read More » -
7 December 2021 7:55 pm
Dow Jones Pushed Higher By Tech Shares
The Dow Jones Industrial Average rallied 400 points early Tuesday, as the stock market began to add to Monday’s strong gains. Traders and investors suggest that Monday marked Day 1 of a new rally attempt on the Nasdaq.Apple has touched fresh highs, while Tesla stock rebounded from a critical support …
Read More » -
7 December 2021 7:37 pm
NZD/USD Posts Gains as Omicron’s Fears Retreat
After touching one-year low on Monday, the NZD/USD achieved a notable comeback on Tuesday during the New York trading session.The pair is trading now around 0.6772. The market sentiment is positive, as can be concluded by a quick look at the performance of the global shares markets, which are reaping …
Read More » -
7 December 2021 7:26 pm
Canada’s Ivey PMI remains Steady in November
Ivey PMI, which is released by the Richard Ivey School of Business on a monthly basis and depicts the business conditions outlook in Canada, has remained at 61.2 in November after also posting the same reading 61.2 in October.As with other PMI indicators, a result above 50 is generally associated …
Read More » -
7 December 2021 6:50 pm
Banks Raise Concerns Over US Inflation
Officials from some US banks on Tuesday said that there are real concerns about the impact of higher inflation, adding pressure on the Federal Reserve to implement plans to slow down the pace of its tapering at a faster pace.The International Monetary Fund last week warned of intensifying inflationary pressures, …
Read More » -
7 December 2021 6:36 pm
Market Drivers – European Session 07-12-2021
Markets calm as fears of new coronavirus mutant, Omicron. Today, Japanese Finance Minister Shunichi Suzuki said that the Japanese government will stick to its goal of achieving a primary budget surplus by the fiscal year 2025 in Japan. Shunichi Suzuki stressed that the Japanese government is not considering setting a …
Read More » -
7 December 2021 5:20 pm
US: Goods And Services Trade Deficit Shrinks in October
The US goods and services trade deficit shrank to $67.1B in October from $81.4B in September, the US Census Bureau reported on Tuesday. That was larger than the expected trade deficit on the month of $66.8B. Monthly imports rose to $290.70B from $288.20B in September, whilst monthly exports surged to …
Read More » -
7 December 2021 4:26 pm
Canada: International Trade Surplus Expands to C$2.09B VS. C$2.00B Expected
Canada’s merchandise trade surplus with the world widened to C$2.09 billion in October from C$1.42 billion in September, monthly data published by Statistics Canada revealed on Tuesday. This reading beat market expectations for a surplus of C$2.00 billion.
Read More »