Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 23 December 2024 9:41 pm

  EUR/USD declines Amid Deepened Bearish Bias

  

  The EUR/USD currency pair experienced a sharp decline at the beginning of the week, falling by 0.35% to trade near the 1.0400 level. This marked a reversal of the modest gains observed in the preceding sessions, highlighting the persistent bearish sentiment dominating the market. The 20-day Simple Moving Average (SMA), …

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• 23 December 2024 8:40 pm

  XAU/USD Under Pressure as Dollar Strengthens

  

  Gold prices are currently facing headwinds, trading below $2,600 per ounce. This decline coincides with a strengthening US dollar, driven by a confluence of factors. The US equity market has experienced a downturn, with all three major indices trading lower, dampening risk appetite and bolstering demand for the safe-haven US …

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• 23 December 2024 7:40 pm

  DXY Strengthens Ahead of Christmas, Nears Two-Year High

  

  The US Dollar gained momentum on Monday, approaching a two-year peak. This upward trend was fueled by an upward revision in November Durable Goods orders, surpassing initial estimates.Key Developments:Government Shutdown Averted: A last-minute deal prevented a government shutdown, easing market concerns ahead of the holidays.Durable Goods Upward Revision: The upward …

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• 23 December 2024 6:46 pm

  Could USDT Removal Impact EU Amid Crypto Boom Promised By Trump?

  

  The European Union’s Markets in Crypto-Assets (MiCA) regulation, designed to enhance transparency and combat financial crime, is inadvertently reshaping the crypto landscape in the bloc. The forced delisting of Tether (USDT), the dominant stablecoin, from several EU exchanges is creating ripples, potentially dampening the region’s allure for crypto investors just …

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• 23 December 2024 4:55 pm

  U.S. Futures Edge Higher Amid Softer Inflation Data

  

  U.S. stock index futures advanced slightly on Monday as Wall Street reacted to signs of easing inflation, kicking off a shortened trading week ahead of the Christmas holiday. Dow Jones Futures: +5 points (+0.1%) S&P 500 Futures: +10 points (+0.2%) Nasdaq 100 Futures: +60 points (+0.3%) Markets will close early …

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• 23 December 2024 3:30 pm

  U.S. Dollar Rebounds as Euro Weakens Following Lagarde’s Dovish Tone

  

  The U.S. dollar strengthened on Monday, recovering from sharp losses late last week. Signs of cooling inflationary pressures in the U.S. eased concerns about aggressive rate cuts in 2025, while the euro slipped amid dovish remarks by European Central Bank President Christine Lagarde. Dollar Index (DXY): Up 0.4%, trading at …

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• 23 December 2024 1:59 pm

  European Stock Markets Start the Week Lower

  

  European markets opened the week in the red, reflecting a subdued trading environment as the Christmas holiday approaches. At 03:13 ET (08:13 GMT), major indices showed minor declines: Germany’s DAX: -0.4% France’s CAC 40: -0.1% UK’s FTSE 100: -0.1% With many markets preparing to close early or remain shut on …

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• 23 December 2024 1:15 pm

  Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance

  

  Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and hawkish signals from the Federal Reserve continued to weigh on risk assets. Market Performance Bitcoin declined by 0.7%, trading at $95,445.4 as of 00:41 ET (05:41 GMT), extending a losing streak in five of the …

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• 23 December 2024 12:25 pm

  UK Economic Stagnation Highlights Challenges for Starmer’s New Government

  

  The British economy showed no growth in the third quarter, according to revised data from the Office for National Statistics (ONS), highlighting economic challenges facing Prime Minister Keir Starmer‘s government. The ONS adjusted its estimate of GDP growth for the July-to-September period to 0.0%, down from an initial projection of …

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• 23 December 2024 11:21 am

  Oil Prices Edge Higher Amid Cooling Inflation and Supply Resumptions

  

  Oil prices began the week on a positive note, bolstered by data showing cooling U.S. inflation, which revived hopes for monetary policy easing in 2024, supporting global economic growth and oil demand. Brent crude futures rose $0.26 (0.4%) to $73.20 per barrel, while West Texas Intermediate (WTI) crude climbed $0.31 …

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• 22 December 2024 11:31 pm

  Weekly Recap: Fed Hawkishness Shakes Stocks, Dollar Strengthens

  

  US stocks had a volatile week, with a sharp decline on Wednesday, followed by recovery on Friday. Volatility followed Fed’s unexpected hawkish stance during the last policy meeting in 2024. While the Fed approved a widely anticipated quarter-point interest rate cut, its projection for fewer rate cuts in 2025 than …

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• 21 December 2024 1:12 am

  EUR/USD rebounds following American PCE data

  

  EUR/USD is about 0.70% up, trading at 1.0427 at the time of writing. Earlier on Friday, the EUR/USD pair has rebounded above 1.0400 in the North American session after posting a three-week low near 1.0340 in Asian trading hours. The major currency pair’s growth in the US Personal Consumption Expenditures …

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• 21 December 2024 12:19 am

  Explainer: Why Does Latest EIA’s Report Matter for Energy Markets?

  

  The recent report from the US Energy Information Administration (EIA) revealed a smaller-than-expected drawdown in U.S. commercial crude oil inventories, casting a shadow on expectations of a more significant decline. While stocks did decrease by 900,000 barrels, this figure fell short of the anticipated 1.7 million barrels, a discrepancy that …

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