Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 15 November 2024 11:33 am

  Bitcoin Retreats from Record Highs Amid Cooling Optimism Over Trump Presidency and Rate Uncertainty

  

  Bitcoin pulled back from near record highs on Friday as enthusiasm over a Donald Trump presidency waned, while overall market sentiment weakened due to rising uncertainty about U.S. interest rates. The world’s largest cryptocurrency, which had recently climbed to unprecedented levels above $90,000 on speculation of favorable U.S. regulatory shifts …

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• 15 November 2024 10:51 am

  Gold Steadies but Set for Its Worst Weekly Loss in Over Three Years Amid Inflation and Fed Concerns

  

  Gold prices held steady during Asian trading on Friday but faced their worst weekly performance in more than three years. This decline comes as stronger-than-expected U.S. inflation figures and less dovish signals from the Federal Reserve have raised doubts about future interest rate cuts. The precious metal has also suffered …

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• 15 November 2024 1:04 am

  ECB Divided on Inflation Risks as Eurozone Economy Slows

  

  The European Central Bank found itself at a crossroads during its October meeting, with policymakers divided over the evolving inflation landscape in the Eurozone. As the region grapples with sluggish economic growth, the central bank has been forced to navigate a delicate balancing act between stimulating growth and maintaining price …

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• 14 November 2024 11:51 pm

  Market Drivers; US Session

  

  Greenback Dominance Continues The US Dollar extended its rally on Thursday, hitting fresh 2024 highs. Despite a slight easing in US Treasury yields, the greenback remained resilient. This comes ahead of a busy economic calendar on Friday, with key US data releases expected to further influence market sentiment.Key Currency Pairs …

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• 14 November 2024 11:13 pm

  Will Trump and Powell be on a collision course?

  

  President Donald Trump could be considering his own favourite pick for the position of Federal Reserve Chairman other than Jerome Powell upon taking office next January to emphasize the constitutional responsibility of all executive branch officials to the president. The dispute arises from the Federal Reserve’s power over national monetary …

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• 14 November 2024 10:44 pm

  How Have US Stocks Reacted After Trump’s Win?

  

  Certain stocks have been disappointed by Trump’s election-related gains; Tesla has lost 4.5% of its value since Election Day. Elon Musk’s business has grown to be a close buddy of Trump. Republicans may not instantly carry out their campaign pledges, even if they control the White House, Senate, and House …

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• 14 November 2024 10:01 pm

  EUR/GBP Remains Range-Bound Amid Mixed Signals

  

  The EUR/GBP pair has been consolidating in a narrow trading range for the past week, unable to break out of its recent price channel. While there have been brief periods of upward movement, overall momentum remains sluggish. The pair is currently trading below its 20-day Simple Moving Average (SMA), suggesting …

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• 14 November 2024 9:04 pm

  Gold Declines Amid Political Upheaval

  

  A Perfect Storm for Gold Gold prices have taken a significant hit, plummeting nearly 7% in November, as a confluence of factors has eroded its appeal as a safe-haven asset. The recent US political landscape, coupled with economic and market dynamics, has created a perfect storm for the precious metal. …

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• 14 November 2024 7:43 pm

  Crude oil prices poised to close with weekly gains

  

  Crude oil prices continue to face significant downward pressure as a confluence of bearish factors converge. The recent release of the International Energy Agency’s (IEA) monthly report has further dampened the outlook for 2025 oil demand, adding to the prevailing bearish sentiment.The IEA’s downward revision of its 2025 oil demand …

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• 14 November 2024 5:22 pm

  U.S. Dollar Hits 6-Month High Amid Trump Trade Expectations and Inflation Data Focus

  

  U.S. Dollar Surges to One-Year High Amid Rising Yields and Trump’s Economic Policy Expectations 4o The U.S. dollar maintained its strong upward momentum on Thursday, reaching a one-year high against a basket of major currencies, driven by rising Treasury yields and optimism following Donald Trump’s presidential election victory. The dollar …

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• 14 November 2024 3:20 pm

  U.S. Stock Index Futures Gain Slightly as Investors Await Powell’s Speech

  

  U.S. stock index futures showed modest gains early Thursday, as investors assessed the latest inflation data and anticipated a key speech from Federal Reserve Chair Jerome Powell. As of 05:55 ET (10:55 GMT), Dow Jones Futures were up 50 points (0.1%), S&P 500 Futures added 6 points (0.1%), and Nasdaq …

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• 14 November 2024 2:37 pm

  Cryptocurrency Market Surpasses $3 Trillion as Trump’s Election Boosts Optimism

  

  The global cryptocurrency market has reached a new milestone, surpassing $3 trillion in market capitalization. This surge follows Donald Trump’s election as U.S. president, which has fueled speculation of more favorable regulatory conditions that could accelerate growth across digital assets. Data from CoinGecko showed that the total value of the …

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• 14 November 2024 1:47 pm

  European Stock Markets See Mixed Performance Amid Economic Data and Corporate Earnings

  

  European stock markets showed mixed results on Thursday as investors processed a wave of corporate earnings reports and key regional economic data. By early morning trade, Germany’s DAX index climbed 0.6%, while France’s CAC 40 gained 0.2%. In contrast, the UK’s FTSE 100 edged down by 0.1%. Eurozone Growth and …

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