Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 26 December 2024 10:43 pm

  

  Cautiously Optimistic Outlook for 2025: Navigating Interest Rates and InflationThe US economy defied recession predictions in 2024, demonstrating robust growth, moderating inflation, and improved efficiency. While a “soft landing” remains the prevailing expectation, several key factors will shape the economic landscape in 2025.Evolving Role of the Federal ReserveThe Federal Reserve’s …

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• 26 December 2024 8:53 pm

  XAU/USD Consolidates Above $2,630 Ahead of Christmas

  

  Gold prices are holding steady above $2,630 per ounce as the US Dollar maintains its strength. The Federal Reserve has signaled a slower pace of interest rate cuts next year, reducing upward pressure on Gold. This, coupled with the recent rise in US Treasury yields, is weighing on the precious …

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• 26 December 2024 7:16 pm

  Is It A Risky Point? Turkey’s Central Bank Cuts Rates Amid Lingering Inflation

  

  Turkey’s central bank recently made a significant policy shift, cutting its key interest rate by 2.5 percentage points to 47.5%. This marks the first rate cut in nearly two years, a move that has raised eyebrows among economists given the country’s ongoing struggle with high inflation. The bank’s decision was …

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• 26 December 2024 2:36 pm

  China Revises 2023 GDP Upwards Amid Mixed Economic Signals

  

  Key Updates on GDP and Growth Revised GDP Figures: China’s 2023 GDP was revised upwards by 2.7% to 129.4 trillion yuan ($17.73 trillion), reflecting updated data from the fifth national economic census. Growth Target for 2023: Policy measures implemented late in the year helped set the economy on track to …

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• 26 December 2024 1:59 pm

  Bitcoin Struggles to Maintain Momentum Amid Macroeconomic Pressures and Hawkish Fed Outlook

  

  Market Performance Bitcoin (BTC): Down 0.1% to $98,124.6 as of 01:35 ET (06:35 GMT), trading in a tight range after two consecutive sessions of gains. Other major cryptocurrencies also retreated, reflecting subdued investor sentiment following the Federal Reserve’s recent hawkish shift. Key Factors Impacting Bitcoin and Cryptocurrencies Macroeconomic Pressures: Bitcoin’s …

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• 26 December 2024 12:08 pm

  Oil Prices Edge Higher Amid Chinese Fiscal Stimulus Hopes and Falling U.S. Crude Inventories

  

  Market Performance Oil prices increased slightly in thin holiday trading on Thursday, buoyed by optimism surrounding China’s fiscal stimulus and an anticipated drop in U.S. crude oil inventories. Brent Crude Futures: Rose 13 cents, or 0.2%, to $73.71 per barrel by 0650 GMT. West Texas Intermediate (WTI) Crude: Gained 11 …

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• 26 December 2024 11:22 am

  Gold Prices Edge Higher Amid Cautious Sentiment and Geopolitical Tensions

  

  Highlights Gold Prices Rise Slightly Spot Gold: Up 0.4% to $2,627.55 per ounce. Gold Futures (February): Increased 0.1% to $2,643.86 per ounce as of early Thursday. A slightly weaker US dollar supported gold prices in thin post-holiday trading, though gains were capped by caution stemming from the Federal Reserve’s hawkish …

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• 24 December 2024 9:22 pm

  What could key assets expect in the new year?

  

  Financial markets are poised for a challenging 2025, navigating corporate transformations, geopolitical uncertainties, and economic resilience. Key factors like government policies, market dynamics, and global events will significantly impact major sectors including oil, gold, the US dollar, and cryptocurrencies.The US election outcome could trigger a long-term economic upswing, driven by …

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• 24 December 2024 7:44 pm

  Gold prices still pressured as Fed Signals Fewer Rate Cuts

  

  The financial markets are entering a period of reduced trading activity in the coming two weeks as investors observe the holiday season and the approach of the New Year. During this time, market participants will continue to assess the Federal Reserve’s adjustments to monetary policy as announced at the final …

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• 24 December 2024 5:04 pm

  US Dollar Gains Amid Thin Holiday Trading, Supported by Hawkish Fed Outlook

  

  The US dollar extended its recent rally on Tuesday, buoyed by the Federal Reserve’s hawkish stance, even as holiday-thinned trading conditions kept market activity subdued. Key Highlights Dollar Index Near Two-Year High The Dollar Index, which measures the greenback against six major currencies, rose 0.1% to 107.905, staying near a …

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• 24 December 2024 1:38 pm

  European Stock Markets See Modest Gains in Holiday-Thinned Trading

  

  European stock markets edged slightly higher on Tuesday as trading volumes remained muted due to the holiday season. FTSE 100: Up 0.3% CAC 40: Increased 0.4% DAX: Closed for the day Most European markets will close early on Tuesday and remain shut on Wednesday for the Christmas holiday. Key Market …

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• 24 December 2024 12:16 pm

  Oil Prices Edge Higher Amid Positive Market Sentiment

  

  Oil prices climbed on Tuesday, reversing losses from the previous session, as analysts pointed to a more optimistic short-term outlook despite thin trading activity ahead of the Christmas holiday. Brent Crude: Up 0.6% to $73.05 a barrel. WTI Crude: Gained 0.6% to reach $69.62 a barrel as of 0742 GMT. …

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• 24 December 2024 11:40 am

  Bitcoin Extends Losses Amid Fed’s Hawkish Stance

  

  Bitcoin continued its downward trajectory on Tuesday, marking its fourth consecutive daily decline as the rally triggered by Donald Trump’s presidential election victory faded in the face of a more hawkish Federal Reserve. Bitcoin Price: Fell 2% to $94,159.4 as of 00:22 ET (05:22 GMT), dipping below the critical $93,000 …

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