Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 18 December 2024 8:48 pm

  Looming Fed Decision Boosts Wall Street, But Market Eyes Future Policy Clues

  

  The Federal Reserve’s anticipated 25 basis point interest rate cut has provided a much-needed boost to the beleaguered New York Stock Exchange. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all seen significant gains, as investors eagerly anticipate the central bank’s decision.However, while the immediate market reaction …

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• 18 December 2024 7:52 pm

  EUR/USD Stalls Near 1.0500 Ahead of Fed Decision

  

  The EUR/USD pair is trading near 1.0500 on Wednesday, struggling to gain significant momentum. The 20-day Simple Moving Average (SMA) at 1.0550 continues to cap upside potential, suggesting a cautious market sentiment.Technical AnalysisTechnical indicators point to a lack of directional bias. The Relative Strength Index (RSI) is hovering around 42, …

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• 18 December 2024 4:43 pm

  U.S. Futures Rebound Ahead of Fed Decision, Markets Eye Long-Term Rate Outlook

  

  U.S. stock index futures climbed on Wednesday, recovering from the previous session’s losses, as investors anticipated the Federal Reserve’s widely expected interest rate cut. Markets have fully priced in a 25-basis-point reduction, but attention is fixed on the Fed’s future rate trajectory and signals for 2025. By early trading, S&P …

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• 18 December 2024 3:10 pm

  U.S. Dollar Holds Firm Ahead of Fed’s Policy Decision Amid Global Currency Shifts

  

  The U.S. dollar maintained its strength on Wednesday as investors braced for the Federal Reserve’s highly anticipated policy decision. The central bank is expected to implement a “hawkish cut,” reducing interest rates by 25 basis points while signaling a more restrained approach to easing in 2025. Markets are keen to …

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• 18 December 2024 2:12 pm

  Oil Prices Gain Amid Fed Rate Cut Anticipation and Fresh Sanctions on Russia

  

  Oil prices edged higher on Wednesday as investors awaited the conclusion of the U.S. Federal Reserve meeting, where a widely expected interest rate cut could signal further monetary easing for 2025. Brent crude climbed by 32 cents, or 0.44%, reaching $73.51 a barrel by early morning, while U.S. West Texas …

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• 18 December 2024 1:37 pm

  European Markets Mixed Amid Fed Anticipation and Corporate Developments

  

  European markets displayed a mixed performance on Wednesday as investors turned their focus to the upcoming U.S. Federal Reserve decision. By mid-morning, Germany’s DAX slipped 0.1%, France’s CAC 40 remained unchanged, while the U.K.’s FTSE 100 edged up 0.2%. Market participants are widely expecting the Fed to announce a 0.25% …

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• 18 December 2024 1:09 pm

  UK Inflation Climbs to Eight-Month High, Easing Pressure on the Bank of England

  

  British inflation surged to its highest level in eight months this November, reaching 2.6% on an annual basis, compared to 2.3% in October. This marks a sharp climb from September’s 1.7%, the first time inflation dipped below the Bank of England’s (BoE) 2% target in over three years. While this …

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• 18 December 2024 12:55 am

  Market Drivers; US Session: Cautious Market Awaits Central Bank Decisions

  

  As the year draws to a close, financial markets are navigating a period of heightened uncertainty, with investors closely monitoring the decisions of major central banks. The Federal Reserve’s interest rate decision on Wednesday is particularly significant, as it could have far-reaching implications for global markets.A Hawkish UndercurrentWhile the market …

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• 17 December 2024 11:36 pm

  Bitcoin A Little Below Record Price, Institutional Demand Surges

  

  Bitcoin’s meteoric rise to a new all-time high of $107,793 this week has been fueled by a surge in institutional adoption. The most famous cryptocurrency is trading at $106,575 at the time of writing Corporate Appetite for BitcoinMicroStrategy’s Massive Purchase:Michael Saylor’s MicroStrategy has once again demonstrated its commitment to Bitcoin, …

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• 17 December 2024 11:24 pm

  Oil Slumps on Weak Global Economy Ahead of Looming Fed Rate Cut

  

  Oil prices plunged to a one-week low on Tuesday, driven by concerns over weakening global economic conditions and the anticipation of a U.S. Federal Reserve interest rate cut. WTI crude oil is 1.44% down, trading at $69.66 per barrel, while Brent crude is 1.07% down, trading at $73.08 per barrel. …

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• 17 December 2024 10:31 pm

  Gas and Electricity Prices Surge: A Perfect Storm Brewing

  

  The global energy landscape is facing a perfect storm of soaring gas and electricity prices, driven by a confluence of factors that are set to impact consumers and businesses worldwide. As winter approaches, the situation is expected to worsen, with potential consequences for economies and societies.The Power CrisisThe recent spike …

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• 17 December 2024 10:11 pm

  Canadian Dollar Slumps as Inflation Cools

  

  The Canadian dollar weakened further against the US dollar (USD) on Tuesday as the latest inflation data revealed a steeper-than-expected decline in headline Consumer Price Index (CPI) inflation. This development has raised concerns about the country’s economic outlook and fueled expectations for further interest rate cuts by the Bank of …

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• 17 December 2024 9:42 pm

  US Rate Preview: How could financial markets react to last FOMC decision in 2024?

  

  The Fed will likely move ahead with another 25-basis point cut at its December meeting. The Federal Reserve’s last meeting in 2024 is poised to be a pivotal moment in the ongoing economic battle against inflation in the United States. As the US central bank prepares to deliver its final …

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