Gold price retreats from the day’s high and fails to hold to earlier gains after a busy US economic calendar released key data, which was worse than estimated. Gold was not able to benefits from the softer US dollar, while US Treasury bond yields continued to push downwards. At the …
Read More »
The US dollar’s strength continues on Tuesday despite the declining Manufacturing PMI data. On the other hand, the Euro extends its losses as a reaction to Germany’s inflation data. So far, the dollar recovered and reached fresh two-week highs, although T-yields retreated.The US Dollar Index climbs close to 1%, at …
Read More »
The Chicago Business Barometer, also known as the Chicago PMI, fell to 56.4 in April from 62.9 in the prior month. Economists had expected little change, with analysts polled by the Wall Street Journal forecasting a 62 reading. The index is 14.4 points below it’s reading from April 2021. The …
Read More »
Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.The …
Read More »
Factory activity in the central Atlantic region of the US gained momentum in December compared with the previous month, according to a survey compiled by the Federal Reserve Bank of Richmond released Tuesday.The Fifth District Survey of Manufacturing Activity’s composite index increased to 16 in December from 12 in November, …
Read More »
Factory activity in the United States expanded to its highest level in nearly two and a half years during December, with the American economy recovering from the impact of the Coronavirus pandemic. The pandemic is reportedly leading to increased demand for goods compared with services, however, the rising number of …
Read More »
A survey on Monday showed Eurozone factory activity growth for the first time since early 2019 last month on the recovery in demand after a further easing of the restrictions of Covid-19 Over 18 million people have been infected by the Covid-19. But governments across Europe eased some of the …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
