Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 4 September 2024 11:15 am

  Oil Prices Extend Decline Amid Libya Dispute Resolution and Global Demand Concerns

  

  Oil prices continued their downward trend on Wednesday, extending the more than 4% drop seen in the previous session. The market remains under pressure, hovering at its lowest levels since December, driven by expectations of a potential resolution to the political dispute in Libya that has halted oil exports, along …

  Read More »
• 4 September 2024 4:01 am

  Market Drivers; US Session, September 3

  

  The US dollar has gained momentum, reaching two-week highs against a backdrop of weakening risk-linked assets. This surge follows an inconclusive price action on Monday due to the Labor Day holiday. Dollar Strengthens Amidst Rising Recession Fears The US Dollar Index (DXY) has advanced further, approaching the crucial 102.00 level. …

  Read More »
• 4 September 2024 2:29 am

  BoC’s Looming Rate Decision Expectations

  

  The upcoming interest rate decision by the Bank of Canada is a highly awaited event that will significantly impact the Canadian economy. As the central bank prepares to announce its monetary policy stance, investors and analysts are closely watching for clues about the future direction of interest rates and their …

  Read More »
• 4 September 2024 1:36 am

  What’s Behind Gold’s Recent Dizzying Decline?

  

  Gold traded below 2,500 per ounce on Tuesday, as the precious metal, which was formerly associated with stability and prosperity, has been steadily declining. Recent weeks have seen a sharp decline in gold prices, mostly due to the US dollar’s steadfast growth. In the financial markets, the inverse relationship between …

  Read More »
• 3 September 2024 11:40 pm

  Dollar-Yen Faces Headwinds as US Treasury Yields Slide

  

  The dollar-yen pair has been under pressure in recent weeks, driven primarily by the decline in US Treasury yields. This inverse relationship between the two assets is a well-established dynamic in the global foreign exchange market, influenced by factors such as interest rate differentials and safe-haven demand. As US Treasury …

  Read More »
• 3 September 2024 10:49 pm

  Solana Declines Amid Surging US Dollar

  

  Solana cryptocurrency has faced downward pressure due to a strengthening US dollar. The greenback has been buoyed by positive economic data released over the past week and anticipation of the highly anticipated monthly employment report, due out next Friday. The US dollar has been on an upward trajectory since the …

  Read More »
• 3 September 2024 9:52 pm

  Stocks Market Meltdown: Economic Fears and Stock Market Collapse

  

  The stock market collapsed catastrophically at the beginning of September, with the Dow Jones Industrial Average dropping by an incredible 400 points. The main causes of this sharp decline were growing economic anxieties, which were made worse by shaky manufacturing data and generalized misgivings about the technology industry.The latest market …

  Read More »
• 3 September 2024 8:54 pm

  OPEC’s Risky Position: Supply-Demand Balance Required

  

  The OPEC+ alliance, comprising major oil producers like Russia and OPEC members, faces a precarious balancing act. The group must carefully navigate the complexities of maintaining market stability and ensuring the financial security of its members, especially after the recent decision to increase oil production starting in October. This decision …

  Read More »
• 3 September 2024 3:13 pm

  U.S. Equity Futures Drop Amid Investor Caution Ahead of Key Labor Market Data

  

  U.S. equity futures fell on Tuesday as investors returned from the Labor Day weekend with a cautious outlook, focusing on the upcoming labor market data. By 05:40 EST (09:40 GMT), the Dow Jones Industrial Average futures were down 185 points, or 0.5%, the S&P 500 futures dropped 28 points, or …

  Read More »
• 3 September 2024 1:23 pm

  Bitcoin Gains Ground as Investors Anticipate Key Economic Data

  

  Bitcoin’s price saw a notable increase on Tuesday, recovering from previous declines as investors awaited significant economic data this week. By 04:37 ET (08:37 GMT), Bitcoin had risen by 2.5% to $58,999.7, following relatively low trading volumes on Monday due to the U.S. Labor Day holiday. The world’s largest cryptocurrency …

  Read More »
• 3 September 2024 12:48 pm

  European Stocks Struggle for Direction as German Markets Hit Record Highs Ahead of Key U.S. Data

  

  European stocks showed mixed performance on Tuesday as investors treaded cautiously ahead of a slew of economic data, including the crucial U.S. jobs report due on Friday. While the pan-European STOXX 600 index remained flat, German stocks reached an all-time high, buoyed by easing inflation and positive sentiment surrounding interest …

  Read More »
• 3 September 2024 11:45 am

  Dollar Edges Higher Amid Anticipation of U.S. Economic Data and Fed Rate Cut Speculation

  

  The U.S. dollar inched higher on Tuesday, holding close to a two-week high as investors prepared for a series of significant economic data releases this week, including Friday’s U.S. payrolls report. These data points are expected to influence the size of an anticipated interest rate cut by the Federal Reserve. …

  Read More »
• 3 September 2024 11:05 am

  U.S. Crude Oil Futures Dip Amid Ongoing Demand Concerns and Libyan Supply Disruptions

  

  U.S. crude oil futures declined on Tuesday, extending the recent trend of losses that have persisted for three consecutive weeks. The market remains under pressure due to concerns over a potential slowdown in demand from China, a major importer, and the possibility of increased supply from leading global producers. Market …

  Read More »