Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2025

• 2 January 2025 10:04 pm

  Loonie Lags Despite PMI Beat, Eyes US Data for Direction

  

  The Canadian Dollar (CAD) remained subdued against the US Dollar on Thursday, struggling to gain traction despite a modestly better-than-expected Manufacturing PMI reading. While the data provided a brief respite from the recent bearish trend, the Loonie remains vulnerable to further downside pressure amidst a broadly stronger US Dollar.The December …

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• 2 January 2025 9:08 pm

  Cryptocurrencies Surge to Start 2025, Buoyed by Renewed Investor Optimism

  

  The cryptocurrency market has kicked off the new year with a strong rebound, recovering from recent losses as investor confidence returns. Bitcoin, the leading cryptocurrency, saw a significant surge on Thursday, gaining 3% to reach $97,426.02, bringing its year-to-date gains to approximately 4%.This positive momentum extended across the broader crypto …

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• 2 January 2025 8:17 pm

  Euro Retreats to Two-Year Low Amidst Economic Growth Concerns

  

  The Euro experienced a significant decline on Thursday, falling below 1.0250 against the US Dollar. This marks the lowest level for the currency pair in two years, raising concerns about the Euro’s weakening trajectory.The decline follows the release of disappointing European Manufacturing Purchasing Managers’ Index (PMI) data. The PMI unexpectedly …

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• 2 January 2025 7:12 pm

  Pound Sterling Plunges as UK Manufacturing Slumps and Fed Hints at Fewer Cuts

  

  The British Pound Sterling (GBP) plummeted against the US Dollar (USD) on Thursday, hitting an eight-month low near 1.2440. At the time of writing, the GBP/USD pair is down -1.01%; trading at 1.238. This sharp decline was driven by a confluence of factors:Weakening UK Manufacturing: The final S&P Global/CIPS Manufacturing …

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• 2 January 2025 4:07 pm

  U.S. Futures Begin 2025 on a High Note Amid Optimism

  

  U.S. stock index futures opened the new year on a positive trajectory, reflecting investor optimism following a year of stellar market performance. By 05:25 ET (10:25 GMT), Dow Jones Futures rose 195 points (0.5%), S&P 500 Futures gained 38 points (0.7%), and Nasdaq 100 Futures climbed 165 points (0.8%). The …

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• 2 January 2025 3:13 pm

  European Stocks Struggle Amid Valuation Concerns and U.S. Policy Uncertainty

  

  European stocks fluctuated on the first trading session of 2025, as investor sentiment remained cautious following a late-year selloff driven by concerns over high valuations and potential policy shifts under incoming U.S. President Donald Trump. The pan-European STOXX 600 index dipped 0.2% by 0946 GMT, erasing earlier gains as trading …

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• 2 January 2025 1:29 pm

  Oil Prices Edge Higher Amid Cautious Optimism on Chinese Growth

  

  Oil prices started 2025 with modest gains on Thursday as investors cautiously assessed China’s economic outlook and fuel demand. President Xi Jinping’s pledge to adopt proactive policies aimed at boosting growth in 2025 provided some optimism to the market. Brent crude futures climbed by 0.21% to $74.80 per barrel, while …

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• 2 January 2025 12:22 pm

  Gold Prices Show Modest Gains Amid Dollar Weakness, Fed Rate Outlook in Focus

  

  Gold prices inched higher in Asian trading on Thursday, building on their robust performance in 2024 as a softer U.S. dollar lent support. However, investor caution lingered due to the U.S. Federal Reserve’s indications of fewer interest rate cuts in 2025. Spot gold rose by 0.3% to $2,632.82 per ounce, …

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• 1 January 2025 1:33 am

  China Adjusts Yuan CFETS Basket Weighting in 2025, Reducing Dollar’s Influence

  

  The China Foreign Exchange Trade System (CFETS), overseen by the People’s Bank of China, announced significant adjustments to the yuan’s CFETS basket weighting effective January 1, 2025. These changes reflect a strategic shift in China’s foreign exchange policy, aiming to diversify the yuan’s value away from over-reliance on the U.S. …

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• 1 January 2025 12:46 am

  Wall Street Retreats as Record-Breaking Year Closes

  

  US stock indexes experienced a downturn on Tuesday, indicating a potential subdued finish for a year marked by significant gains. The S&P 500, after a brief initial rise, turned negative, declining by 0.6%. This follows two consecutive days of losses exceeding 1%. The Dow Jones Industrial Average also slipped, while …

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December, 2024

• 31 December 2024 11:47 pm

  Fresh US Sanctions Target Russia, Iran On 2024 Election Interference

  

  The Treasury and State Departments said Tuesday that the Biden administration had placed additional penalties on Iranian and Russian organizations for their efforts to sabotage the 2024 election. In particular, the Treasury Department is enacting new sanctions against the Moscow-based Center for Geopolitical Expertise and its director, Valery Mikhaylovich Korovin, …

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• 31 December 2024 10:50 pm

  XAU/USD Holds Firm Above $2,600 as Year-End Trading Winds Down

  

  XAU/USD is trading above $2,600 per ounce as the year draws to a close, though upward momentum remains limited. Risk-off sentiment spurred by the year-end market slowdown has provided some support for gold prices.Trading activity has been subdued in recent days as investors prepare for the New Year’s holiday, with …

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• 31 December 2024 9:21 pm

  Key Cryptocurrency Predictions for 2025: Navigating Uncertain Outlook

  

  The cryptocurrency market experienced a remarkable surge in 2024, with the total market capitalization soaring to over $3.3 trillion, a nearly twofold increase from the previous year. Bitcoin, the dominant cryptocurrency, led this charge, gaining over 125% in value. This bullish sentiment was fueled by several key factors, including the …

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