Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 30 November 2024 3:14 am

  Record-Breaking November Caps Strong Year for US Stocks

  

  November 2024 was a month to remember for US stock market investors. The Dow Jones Industrial Average and the S&P 500 both closed at record highs, marking a significant milestone in the ongoing bull market. This strong performance was driven by a combination of factors, including robust corporate earnings, optimistic …

  Read More »
• 30 November 2024 2:44 am

  Gold Spikes Amid Tensions, But Can It Sustain the Rally?

  

  Gold prices have surged in recent weeks, fueled by escalating geopolitical tensions and concerns about global economic stability. As the Russia-Ukraine conflict continues to escalate and the Middle East remains a volatile region, investors have sought refuge in gold, driving its price to levels not seen in years. A Perfect …

  Read More »
• 29 November 2024 11:37 pm

  Will Trump’s Potential SEC Chair Pick Change Future of Crypto Regulation?

  

  President-elect Donald Trump is expected to select a new chair for the U.S. Securities and Exchange Commission (SEC) soon. Among the top contenders is current SEC Commissioner Mark Uyeda, who has outlined a plan to position the U.S. as a global leader in cryptocurrency. This article explores Uyeda’s proposed strategies …

  Read More »
• 29 November 2024 10:23 pm

  Crypto Market Update: Bitcoin Surges, Altcoins Lag

  

  Bitcoin Dominance GrowsBitcoin (BTC) continued its upward trajectory, surpassing the $97,000 mark. This surge in BTC’s price has led to increased Bitcoin dominance, indicating a shift in investor preference towards the leading cryptocurrency. As a result, many altcoins have seen their prices decline relative to Bitcoin.Impact of the Tornado Cash …

  Read More »
• 29 November 2024 9:19 pm

  US Dollar Stabilizes After Early Friday Weakness

  

  The US Dollar Index (DXY) recovered from early Friday lows, trading near the 106.00 level. The index had dipped below this level as US markets opened on Black Friday after a holiday-shortened week.Key Factors Influencing the DXY:Hawkish Fed Stance: The Federal Reserve’s continued hawkish stance, signaling potential future rate hikes, …

  Read More »
• 29 November 2024 7:36 pm

  Gold Shines Amidst Geopolitical Turmoil, Economic Uncertainty

  

  Gold prices have surged in recent weeks, driven by a confluence of factors including escalating geopolitical tensions, economic uncertainty, and a weakening US dollar. As investors seek safe-haven assets, gold has emerged as a preferred choice, reinforcing its traditional role as a hedge against inflation and market volatility.Geopolitical Tensions Fuel …

  Read More »
• 29 November 2024 4:58 pm

  Oil Prices Decline as Supply Concerns Ease and 2025 Outlook Weighs on Market Sentiment

  

  Oil prices slid on Friday, marking a weekly drop of over 3%, as the easing of geopolitical tensions and expectations of increased supply in 2025 overshadowed ongoing production cuts by OPEC+. The market continues to grapple with mixed signals, balancing near-term output restrictions with forecasts of a supply surplus in …

  Read More »
• 29 November 2024 12:43 pm

  German Retail Sales Decline Sharply in October, Surpassing Expectations

  

  German retail sales contracted by a larger-than-anticipated margin in October, highlighting ongoing consumer uncertainty amid challenging economic conditions. Monthly sales fell by 1.5%, significantly exceeding the 0.3% decline predicted by analysts polled by Reuters, according to data released on Friday by the German Federal Statistical Office. Mixed Sector Performance The …

  Read More »
• 29 November 2024 11:29 am

  Gold Prices Rally on Weak Dollar and Geopolitical Tensions

  

  Gold prices edged higher in Asian trade on Friday, driven by a weaker dollar and heightened geopolitical tensions, as traders positioned themselves ahead of a potential December interest rate cut by the Federal Reserve. The precious metal, often viewed as a safe haven, regained some of the ground lost earlier …

  Read More »
• 29 November 2024 8:39 am

  Santa Rally, Market Outlook for December 2024 and Beyond

  

  As the year draws to a close, investors are keenly watching for the much-anticipated “Santa rally,” a phenomenon where stock markets tend to rise during the final trading days of December and the first two trading days of January. Historically, this period has seen positive momentum, driven by factors such …

  Read More »
• 29 November 2024 3:07 am

  Market Drivers; US Session: Oil Rebounds, Gold Gains Amid Thanksgiving Holiday

  

  Oil prices rebounded at the end of Thursday’s trading, benefiting from an exchange of accusations between Hezbollah and Israel over breaches of the ceasefire agreement reached in recent days.Geopolitical tensions and related concerns, particularly affecting financial markets and oil, escalated after Israeli tanks shelled areas in southern Lebanon on Thursday. …

  Read More »
• 29 November 2024 2:47 am

  Explainer: Key Economic Policies of Donald Trump

  

  On January 20, 2025, President-elect Donald Trump will officially take office after winning the 2024 presidential election. This calls for a closer look at the key policies expected to be implemented by the Republican president upon assuming power. Trump’s policies primarily focus on imposing more protectionist measures, including tariffs on …

  Read More »
• 29 November 2024 12:51 am

  Canadian Dollar Benefits from Rising Oil Prices

  

  On Thursday, the USD/CAD pair declined as the American currency pressured its Canadian counterpart, benefiting from the rise in global oil prices.The pair fell to 1.4015 compared to the previous day’s close of 1.4030. It reached its highest level on Thursday at 1.4031 and its lowest at 1.3998.Oil prices recovered …

  Read More »