Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2024

• 22 April 2024 8:37 pm

  EUR/USD Slightly Retreats, Maintains Bearish Trend Intact

  

  The Euro’s recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro.This week the US GDP and PCE Prices Index figures might give a fresh boost to the US dollar. …

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• 22 April 2024 7:36 pm

  Meme coins’ mad surge is back following Bitcoin’s halving

  

  Amid cautious optimism, a number of meme currencies are soaring, with a few recording double-digit gains in spite of the typical weekend slowdown. Top gainers in the sector are BONK, FLOKI, PEPE, and SHIB, while DOGE is attempting to catch up following Dogecoin Day. The reason for the spike in …

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• 22 April 2024 3:44 pm

  Dollar is stable after a volatile week, yen is in focus ahead of the BoJ

  

  On Monday, the dollar stabilized against both the euro and the yen following a week marked by significant fluctuations in currency markets. Traders were closely analyzing the impact of monetary policy developments and geopolitical events. Attention is particularly focused on the yen’s position ahead of the Bank of Japan’s scheduled …

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• 22 April 2024 2:29 pm

  Gold declines 1% as fears of expanding conflict in the Middle East recede

  

  On Monday, gold prices experienced a decline of more than 1 percent as concerns about an escalating conflict in the Middle East eased, leading to reduced demand for safe-haven assets. Traders were also awaiting key inflation data in the United States later in the week for insights into potential changes …

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• 22 April 2024 1:33 pm

  European markets open higher supported by anticipation of major banks’ results

  

  European stocks opened higher on Monday as investors awaited the earnings reports of several major banks. Notably, shares of Portuguese company GALP surged to their highest level in 16 years following positive results from gas exploration in Namibia. As of 0716 GMT, the European STOXX 600 index had risen by …

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• 22 April 2024 12:46 pm

  Oil prices fall as tensions between Iran and Israel ease

  

  Oil prices experienced a decline on Monday, influenced by a renewed focus on market fundamentals, as Israel and Iran downplayed the potential escalation of hostilities in the Middle East following a limited Israeli strike on Iran. Brent crude futures dipped by 67 cents, or 0.77 percent, to $86.62 per barrel …

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• 22 April 2024 4:05 am

  Weekly Recap: Stocks Fall as Tech Loses Ground, Geopolitical Unrest Persists

  

  Reports about missile attacks hitting Iran in the early hours of Friday prompted a flight for safety across financial markets. Financial markets immediately experienced risk aversion. US stock index futures were down between 0.55% and 0.8% in the early European session, reflecting the risk-averse environment in the market. The US …

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• 20 April 2024 3:07 am

  To what extent has liquidity levels recently impacted financial assets?

  

  Over the last six months, financial market liquidity has played a major role in supporting credit and equities prices in spite of large fluctuations in Fed forecasts. But with April’s tax deadline drawing near, the liquidity situation is becoming less clear, which might cause uncertainty and increased volatility in the …

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• 20 April 2024 2:52 am

  US dollar slides despite scoring weekly gains

  

  At the time of writing, the US Dollar Index (DXY) is trading at 106.117, down slightly from its previous peak of 106.35. Still, the index is aimed at hitting its peak of 107.10 on November 1. With hawkish predictions on the Federal Reserve and tensions in the Middle East potentially …

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• 20 April 2024 12:20 am

  Gold Price Stabilizes Higher Amid Middle East Escalation Woes

  

  Gold price has stabilized +0.40% trading at %2387.80 per ounce after the precious metal’s earlier surge at $2,417 per ounce following the escalating Middle East conflict between Israel and Iran. The price stabilized after Tehran indicated no immediate plans for retaliation, calming initial fears. US Treasury yields and the US …

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• 19 April 2024 10:59 pm

  How Has Wall Street React to Netflix earnings?

  

  Wall Street is somehow divided regarding Netflix’s first-quarter earnings. After the release of their first-quarter earnings report, Netflix’s stock price is declining. This is mostly because of two things: first, the firm decided not to reveal subscriber numbers in future earnings reports beginning next year; second, the second quarter’s outlook …

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• 19 April 2024 9:17 pm

  USD/CHF edges up following Fed Golsbee’s comments

  

  The US Dollar has retraced losses and is now at levels below 0.9100. A doji candle in the weekly chart and bearish divergence on intra-day charts suggest a deeper correction. USD/CHF bears need to breach the 0.9075 support level to confirm a trend shift. The Federal Reserve is likely to …

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• 19 April 2024 8:55 pm

  Market Participants Still Focusing on Policy Divergence

  

  The US dollar reached new heights this week due to bets on when the Fed will most likely begin its easing cycle. Meanwhile, confidence in an ECB interest rate cut in June continued to build, pushing the EUR/USD down to as low as the 1.0600 region. The EUR/USD is trading …

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