Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 15 November 2024 8:26 pm

  Wall Street loses ground after Powell urges caution on rate cuts

  

  Wall Street’s main indexes fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to rush interest rate cuts, pushing up U.S. Treasury yields and pressuring equities. Powell pointed to ongoing economic growth, a solid job market, and inflation above the Fed’s 2% target as reasons …

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• 15 November 2024 7:32 pm

  US Dollar Rallies as Fed Hints at Rate Pause, Geopolitical Tensions Rise

  

  The US Dollar surged on Friday, extending its winning streak to six consecutive days. This rally was primarily fueled by a shift in market sentiment following comments from Federal Reserve Chair Jerome Powell, who tempered expectations of an imminent interest rate cut.Powell’s hawkish tone, emphasizing the strength of the US …

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• 15 November 2024 6:52 pm

  Gold ignores US Retail Sales Data

  

  Gold prices remained relatively unchanged on Friday, showing resilience despite the release of Retail Sales data in the United States. The precious metal, which had dipped to a two-month low the previous day, found support near its 100-day Simple Moving Average (SMA).While US Retail Sales data indicated continued consumer spending, …

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• 15 November 2024 3:23 pm

  U.S. Stock Futures Drop as Powell’s Inflation Concerns Weigh on Markets

  

  U.S. stock index futures fell on Friday morning, setting up for a negative close to the week. At 05:30 ET (10:30 GMT), Dow Jones Futures dropped 190 points, or 0.4%, S&P 500 Futures declined by 35 points, or 0.6%, and Nasdaq 100 Futures lost 170 points, or 0.8%. This comes …

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• 15 November 2024 1:57 pm

  European Markets End the Week Lower, Technology and Healthcare Lead Declines

  

  The pan-European STOXX 600 index dropped 0.5% on Friday, heading toward its fourth consecutive weekly decline as technology and healthcare stocks led the losses. The index remained close to a three-month low, reflecting a week of negative sentiment and disappointing sector performance. The technology sub-index fell by 1.7%, with chipmaker …

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• 15 November 2024 12:38 pm

  Britain’s Economy Contracts in September, Growth Slows in Third Quarter

  

  Britain’s economy experienced an unexpected contraction in September, with growth nearly stagnating over the third quarter, dealing an early challenge to finance minister Rachel Reeves’ ambitions for a sustained economic boost. According to data from the Office for National Statistics, Gross Domestic Product (GDP) declined by 0.1% in September, as …

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• 15 November 2024 11:33 am

  Bitcoin Retreats from Record Highs Amid Cooling Optimism Over Trump Presidency and Rate Uncertainty

  

  Bitcoin pulled back from near record highs on Friday as enthusiasm over a Donald Trump presidency waned, while overall market sentiment weakened due to rising uncertainty about U.S. interest rates. The world’s largest cryptocurrency, which had recently climbed to unprecedented levels above $90,000 on speculation of favorable U.S. regulatory shifts …

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• 15 November 2024 10:51 am

  Gold Steadies but Set for Its Worst Weekly Loss in Over Three Years Amid Inflation and Fed Concerns

  

  Gold prices held steady during Asian trading on Friday but faced their worst weekly performance in more than three years. This decline comes as stronger-than-expected U.S. inflation figures and less dovish signals from the Federal Reserve have raised doubts about future interest rate cuts. The precious metal has also suffered …

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• 15 November 2024 1:04 am

  ECB Divided on Inflation Risks as Eurozone Economy Slows

  

  The European Central Bank found itself at a crossroads during its October meeting, with policymakers divided over the evolving inflation landscape in the Eurozone. As the region grapples with sluggish economic growth, the central bank has been forced to navigate a delicate balancing act between stimulating growth and maintaining price …

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• 14 November 2024 11:51 pm

  Market Drivers; US Session

  

  Greenback Dominance Continues The US Dollar extended its rally on Thursday, hitting fresh 2024 highs. Despite a slight easing in US Treasury yields, the greenback remained resilient. This comes ahead of a busy economic calendar on Friday, with key US data releases expected to further influence market sentiment.Key Currency Pairs …

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• 14 November 2024 11:13 pm

  Will Trump and Powell be on a collision course?

  

  President Donald Trump could be considering his own favourite pick for the position of Federal Reserve Chairman other than Jerome Powell upon taking office next January to emphasize the constitutional responsibility of all executive branch officials to the president. The dispute arises from the Federal Reserve’s power over national monetary …

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• 14 November 2024 10:44 pm

  How Have US Stocks Reacted After Trump’s Win?

  

  Certain stocks have been disappointed by Trump’s election-related gains; Tesla has lost 4.5% of its value since Election Day. Elon Musk’s business has grown to be a close buddy of Trump. Republicans may not instantly carry out their campaign pledges, even if they control the White House, Senate, and House …

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• 14 November 2024 10:01 pm

  EUR/GBP Remains Range-Bound Amid Mixed Signals

  

  The EUR/GBP pair has been consolidating in a narrow trading range for the past week, unable to break out of its recent price channel. While there have been brief periods of upward movement, overall momentum remains sluggish. The pair is currently trading below its 20-day Simple Moving Average (SMA), suggesting …

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