Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 29 October 2024 11:04 pm

  Market Drivers; US Session

  

  Shifting Focus: The US Labor Market Takes Center StageThe US dollar maintained a relatively stable position on Tuesday, as market participants digested a slowdown in the rally of US Treasury yields. This cautious stance was further influenced by the impending US election and the anticipation of key economic data releases.Key …

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• 29 October 2024 10:08 pm

  Earnings of PayPal Reflect a Complex Landscape

  

  PayPal Holdings Inc., a leading digital payments company, recently released its Q3 earnings report, offering a mixed bag of results. While the company exceeded expectations on earnings per share, revenue fell short of analyst estimates.PayPal’s Q3 earnings report provides a mixed picture. The company has made strides in improving profitability, …

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• 29 October 2024 8:26 pm

  Gold prices rally to fresh all-time highs following US Jobs data

  

  Gold, the timeless haven asset, has recently embarked on a remarkable rally, pushing its price to unprecedented heights. This surge can be attributed to a confluence of factors, each contributing to the precious metal’s allure.A Weakening US Dollar and Lower Interest RatesThe US dollar, often inversely correlated with gold prices, …

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• 29 October 2024 4:24 pm

  European Shares Rise as Investors Await Key Tech Earnings and Labor Data

  

  European shares ticked up on Tuesday, fueled by anticipation for major U.S. tech earnings, while the dollar remained near a three-month high as investors braced for key U.S. labor market data. The pan-European STOXX 600 rose 0.3%, reaching its highest level in over a week. Major European indices were similarly …

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• 29 October 2024 3:21 pm

  Oil Prices Edge Up on U.S. SPR Purchase Plans Amid Demand Worries

  

  Oil prices saw a modest recovery on Tuesday, buoyed by the U.S. government’s plan to purchase up to 3 million barrels for the Strategic Petroleum Reserve (SPR), yet concerns lingered over weaker global demand growth. As of 10:26 GMT, Brent crude futures rose 1.04% to $72.16 a barrel, while U.S. …

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• 29 October 2024 1:45 pm

  U.S. Dollar Holds Strong Ahead of Key Economic Data; Japanese Yen Faces Pressure Amid Political Uncertainty

  

  The U.S. dollar held steady at high levels on Tuesday, bolstered by recent U.S. economic data that suggests resilience in the economy and anticipation of a slower pace of rate cuts from the Federal Reserve. Meanwhile, the Japanese yen remained near a three-month low due to post-election political uncertainty. As …

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• 29 October 2024 2:48 am

  Market Drivers; US Session

  

  US Dollar Holds Steady Amidst Economic Data and Election SpeculationThe US Dollar Index (DXY) traded in a narrow range near the 104.30 level on Tuesday, as investors balanced expectations for key economic data releases with growing speculation ahead of the November 5 US election.Key Economic DataA series of important US …

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• 29 October 2024 1:40 am

  US Dollar Retreats Amid Profit-Taking and Anticipation of Key Economic Data

  

  US Dollar Pauses as Profit-Taking Sets In, Key Economic Data AwaitedThe US Dollar Index (DXY) retreated on Monday after a recent rally, as investors took profits ahead of a pivotal week for economic data releases. While the US economy continues to show signs of strength, concerns about potential interest rate …

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• 28 October 2024 11:33 pm

  Ford Navigates EV Transition, Q3 Earnings Report Highlights Challenges

  

  Ford Motor Company reported its third-quarter 2024 earnings on Monday, showcasing a mixed bag of results. While the traditional automotive business delivered strong performance, the company’s electric vehicle (EV) division, Model e, continues to be a significant financial burden.Despite increased EV sales, Ford’s investment in electric vehicles has led to …

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• 28 October 2024 10:11 pm

  Japan Stocks Surge as Yen Plunges Post-Election Shock

  

  Japanese stocks climbed on Monday as the yen plummeted to a three-month low. The shock result of Sunday’s parliamentary election, where Prime Minister Shigeru Ishiba’s coalition lost its majority, has injected uncertainty into Japan’s political and economic landscape.The ruling Liberal Democratic Party (LDP) and its junior partner Komeito secured 215 …

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• 28 October 2024 9:22 pm

  Could Strong Jobs Report Stall Fed Rate Cuts?

  

  The upcoming October jobs report is poised to significantly influence the trajectory of the U.S. economy and financial markets. A robust employment figure could potentially delay the Federal Reserve’s plans to ease monetary policy through interest rate cuts. Such a development would ripple through various sectors, with small-cap stocks, particularly …

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• 28 October 2024 8:26 pm

  Gold Loses Some Luster as Yields Climb, U.S. Data in Focus

  

  Gold, the timeless safe haven, has been on a dazzling run this year. However, recent market trends suggest a potential pause in its upward trajectory. As U.S. Treasury yields rise and the dollar strengthens, gold’s allure as a safe-haven asset may diminish.Tug-of-War Between Bulls and BearsThe Federal Reserve’s monetary policy …

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• 28 October 2024 7:27 pm

  What investors should know about China’s new lending tool

  

  China’s central bank, the People’s Bank of China (PBOC), has introduced a new lending tool to inject liquidity into the market and bolster the economy. This move comes as billions of yuan in medium-term loans are set to mature by the end of the year.The new tool, an open market …

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