Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 10 December 2024 12:12 am

  US Dollar Caught Between Inflation and Growth

  

  The US Dollar Index (DXY) has been navigating a complex landscape, caught between the twin forces of persistent inflation and a potential economic slowdown. As the Federal Reserve (Fed) grapples with the delicate task of balancing these opposing forces, the dollar’s future trajectory remains uncertain.The recent release of November’s Consumer …

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• 9 December 2024 11:34 pm

  A Rocky Start to the Week: Dow Jones Pauses Near 44,600

  

  The Dow Jones Industrial Average (DJIA) commenced the new trading week on a cautious note, hovering near the 44,600 level. While China’s recent monetary policy shift initially ignited optimism, geopolitical tensions in the Middle East and South Korea, coupled with concerns about the global economic landscape, tempered investor enthusiasm. China’s …

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• 9 December 2024 9:02 pm

  Consumers See Sunny Skies Ahead, But Inflation Clouds the Horizon

  

  A recent survey by the New York Federal Reserve paints a picture of a consumer landscape marked by both optimism and apprehension. While Americans are increasingly confident about their personal financial prospects, a growing concern about rising inflation casts a shadow over the economic horizon.The survey found that consumers expect …

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• 9 December 2024 7:56 pm

  XAU Climbs Amid Geopolitical Tensions and Central Bank Buying

  

  Gold prices climbed higher on Monday, trading up some 1.33% at $2667 per ounce, driven by a combination of factors:Geopolitical Uncertainty: The ongoing instability in the Middle East, particularly following the fall of the Bashar al-Assad regime in Syria, has increased demand for safe-haven assets like gold. Central Bank Buying: …

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• 9 December 2024 4:05 pm

  US Stock Futures Slip as Investors Await Inflation Data; Oil Gains on Syria Turmoil

  

  US stock index futures edged lower Monday as investors paused to consolidate last week’s record gains, awaiting key November inflation data for fresh signals on the Federal Reserve’s interest rate trajectory. Stock Futures Slightly Down At 05:45 ET (10:45 GMT), futures for the: Dow Jones Industrial Average dropped 30 points, …

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• 9 December 2024 3:13 pm

  US Dollar Dips as Geopolitical Risks Weigh Amid Economic Data Focus

  

  The US dollar edged lower on Monday, as traders digested last week’s jobs report pointing toward a likely Federal Reserve rate cut later this month. However, the greenback’s losses were modest, supported by ongoing geopolitical instability in the Middle East. Dollar Shows Signs of Weakness By 04:00 ET (09:00 GMT), …

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• 9 December 2024 2:27 pm

  Oil Prices Rise as China Signals Monetary Policy Shift and Geopolitical Uncertainty Fuels Gains

  

  Oil prices rose by more than 1% on Monday, supported by expectations of economic stimulus from China and geopolitical developments in the Middle East. China’s Policy Shift Spurs Optimism Brent crude futures climbed 94 cents, or 1.32%, to $72.06 per barrel by 0852 GMT, while U.S. West Texas Intermediate (WTI) …

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• 9 December 2024 2:26 pm

  European Shares Near Six-Week Highs on China Stimulus Hopes

  

  European stocks hovered near six-week highs on Monday, buoyed by gains in mining and luxury sectors following signs of stimulus measures aimed at reviving China’s slowing economy. Market Overview The pan-European STOXX 600 index edged up 0.1% by 1000 GMT, extending its rally to an eighth consecutive session. However, Germany’s …

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• 9 December 2024 12:45 pm

  Bitcoin Pulls Back Amid Policy Anticipation, Altcoins Lead Market Shifts

  

  Bitcoin saw a modest retreat on Monday, slipping 0.4% to $99,439.8 as traders awaited further clarity on U.S. crypto policy under the incoming administration of President-elect Donald Trump. This pullback comes after a weekend rally that saw the cryptocurrency brush record highs. Policy Optimism Fuels Recent Surge Bitcoin’s sharp rise …

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• 9 December 2024 11:23 am

  Weekly recap: Data still in focus after NFP

  

  US dollar ended last week’s trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications. Jobs …

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• 6 December 2024 11:45 pm

  Fed’s Daly: Prepared to raise rates if inflation breaks out again.

  

  Federal Reserve Bank of San Francisco President Mary Daly cautioned markets on Friday, warning that despite data still leaning toward the Fed achieving its inflation goals, the US central bank will still step in with additional rate hikes if price growth begins to spiral once again.Key QuotesThe labour market remains …

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• 6 December 2024 10:04 pm

  Fed Official: One rate cut between now and late January is reasonable

  

  Federal Reserve Bank of Cleveland President Beth Hammack recently offered a nuanced perspective on the future trajectory of monetary policy. While acknowledging market expectations of a potential rate cut before the end of January, she indicated a preference for a more cautious approach.Hammack emphasized the need for a modestly restrictive …

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• 6 December 2024 8:54 pm

  GBP/USD Pulls Back After Strong Rally

  

  The GBP/USD pair encountered a downward correction after reaching a one-month high of 1.2810. This decline was primarily driven by a stronger-than-expected US Nonfarm Payrolls report, which initially dampened the US Dollar’s strength. However, a subsequent surge in the US Consumer Sentiment Index bolstered the Greenback, reversing the earlier trend. …

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