Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 28 October 2024 2:52 pm

  U.S. Stock Futures Rise Amid Calmer Geopolitics, Key Earnings, and Election Countdown

  

  U.S. stock index futures climbed on Monday, supported by easing geopolitical concerns and anticipation of a busy week, including key technology earnings, nonfarm payroll data, and final U.S. presidential election campaign pushes. By 06:35 ET (10:35 GMT), Dow Jones Futures were up 225 points (0.5%), S&P 500 Futures gained 36 …

  Read More »
• 28 October 2024 12:37 pm

  European Stocks Edge Higher Amid Easing Middle East Tensions and Event-Heavy Week

  

  European stock markets saw modest gains on Monday as easing tensions in the Middle East provided a positive backdrop at the start of a week loaded with key economic events. By 04:10 ET (08:10 GMT), Germany’s DAX rose 0.3%, France’s CAC 40 gained 0.5%, while the U.K.’s FTSE 100 slipped …

  Read More »
• 28 October 2024 12:08 pm

  Oil Prices Slide Over 4% as Middle East Tensions Ease

  

  Oil prices fell sharply on Monday, with both Brent and U.S. West Texas Intermediate (WTI) crude futures dropping over 4% after Israel’s weekend strike on Iran bypassed key oil and nuclear facilities. This less severe escalation eased concerns about disruptions to Middle Eastern energy supplies, leading to a price drop. …

  Read More »
• 28 October 2024 11:25 am

  Gold Drops as Middle East Tensions Ease; Dollar Gains on Election Uncertainty

  

  Gold prices slipped from recent highs in Asian markets on Monday as reduced fears of a broader Middle Eastern conflict softened safe-haven demand for the metal. Traders turned their attention toward the U.S. dollar, with rising demand spurred by upcoming U.S. elections and increased political uncertainty in Japan, where the …

  Read More »
• 28 October 2024 10:41 am

  Asian Stocks Mostly Gain as Middle East Tensions Ease; Japan Rallies Amid Political Uncertainty

  

  Asian markets saw a mostly positive start on Monday, driven by easing concerns over the Israel-Iran conflict as Israel’s recent attack on Iran spared critical oil and nuclear infrastructure. Japanese markets led the gains, with the Nikkei 225 and TOPIX indices climbing 1.5% and 1.2%, respectively, as political uncertainty reduced …

  Read More »
• 23 October 2024 7:29 pm

  Lagarde: Need to be cautious in policy decisions

  

  Speaking on the sidelines at the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) on Wednesday, European Central Bank (ECB) President Christine Lagarde noted that they need to be cautious when asked about market expectations for further rate reductions.“We need to be cautious …

  Read More »