Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 13 November 2024 7:31 pm

  US Dollar Surges Following Cautious Remarks By Fed Official

  

  The US dollar surged on Wednesday, fueled by hawkish comments from Dallas Fed President Lorie Logan. Logan’s cautious tone regarding a potential December rate cut dampened market expectations, bolstering the Greenback.The US dollar remains a strong currency, and its recent surge underscores the market’s growing concern about potential inflationary pressures …

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• 13 November 2024 6:19 pm

  US Inflation Edges Higher in October, Keeping Federal Reserve Focused Ahead of Key Meeting

  

  Headline inflation in the United States rose in October as anticipated, according to the Labor Department, drawing the attention of the Federal Reserve as it prepares for a pivotal policy meeting next month. The consumer price index (CPI), a primary measure of price growth in the U.S., increased by 2.6% …

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• 13 November 2024 4:30 pm

  UK Stocks Dip as Investors Await U.S. Inflation Data, Smiths Group Hits Record High

  

  UK stock indexes slipped slightly on Wednesday as investors awaited key U.S. inflation data, which is expected to influence the direction of monetary policy. By 11:46 GMT, the FTSE 100 had edged down 0.1%, while the FTSE 250 index of midcap companies dropped 0.2%. Global markets remained subdued ahead of …

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• 13 November 2024 3:57 pm

  Oil Prices Hover Near Two-Week Lows Amid Demand Concerns and OPEC Downgrade

  

  Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, …

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• 13 November 2024 3:04 pm

  U.S. Stock Index Futures Decline Ahead of Key Inflation Data Release

  

  U.S. stock index futures experienced slight declines on Wednesday morning as the market rally following the election took a pause, with investors shifting their attention to the upcoming U.S. inflation data. As of 05:45 ET (10:45 GMT), Dow Jones Futures were down 55 points, or 0.1%, S&P 500 Futures slipped …

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• 13 November 2024 2:13 pm

  U.S. Dollar Hits 6-Month High Amid Trump Trade Expectations and Inflation Data Focus

  

  The U.S. dollar continued to strengthen on Wednesday, reaching a new six-and-a-half-month high against a basket of major currencies. This rally has been propelled by anticipation of economic policies from President-elect Donald Trump, including lower taxes, increased tariffs, and deregulation, all of which are expected to fuel inflation and possibly …

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• 13 November 2024 12:49 pm

  European Stock Markets Steady Amid Focus on U.S. Inflation Data

  

  European stock indices showed mixed but subdued movement on Wednesday, as investors awaited key U.S. inflation data. The DAX index in Germany remained relatively unchanged, France’s CAC 40 slipped by 0.2%, and London’s FTSE 100 saw a slight uptick of 0.1%. U.S. Inflation in Focus for Global Investors With little …

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• 13 November 2024 11:59 am

  Gold Prices Recover as Focus Turns to U.S. Inflation Data

  

  Gold prices edged higher in Asian trading on Wednesday, gaining 0.5% to reach $2,609.90 an ounce after recent declines driven by a strong U.S. dollar in the wake of Donald Trump’s re-election. Gold futures, however, dipped 0.4% to $2,615.70 an ounce as of early trading. The yellow metal’s recovery comes …

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• 13 November 2024 2:21 am

  Market Drivers; US Session

  

  Dollar Strengthens Ahead of Key Data The US Dollar extended its rally on Wednesday, reaching a six-month high as investors remained optimistic about the “Trump trade.” The upcoming release of crucial US economic data, particularly the Inflation Rate, is set to be a major market mover. Key Developments:US Dollar Index …

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• 13 November 2024 12:58 am

  XAU/USD Declines on Soaring Dollar Ahead of Inflation Data

  

  Gold prices have experienced a sharp decline, falling below the crucial $2,600 level, as the US Dollar strengthens and Treasury yields rise. This downward trend is primarily driven by a combination of factors, including a less dovish Federal Reserve, escalating geopolitical tensions, and a shift in investor sentiment.A Strengthening Dollar …

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• 12 November 2024 11:49 pm

  EUR/USD Plummets to One-Year Low

  

  The Euro has continued its downward spiral against the US Dollar, breaching the 1.06 level on Tuesday. This marks a significant decline for the currency pair, which has been under pressure for several weeks.Why is the pair declining?Several factors are contributing to the Euro’s weakness:US Economic Strength: The US economy …

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• 12 November 2024 10:57 pm

  GBP/USD Plunges Amidst Economic Woes and Dollar Strength

  

  The GBP/USD currency pair experienced a sharp decline on Tuesday, shedding nearly 1% of its value. This significant downward movement was primarily driven by a confluence of factors, including a strengthening US dollar, rising UK unemployment rates, and lingering concerns about the UK’s economic outlook.The GBP/USD pair is facing significant …

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• 12 November 2024 10:14 pm

  Crude Oil Struggles Amid Bearish Market Sentiment

  

  Crude Oil prices have faced downward pressure due to a combination of factors, including increased supply and weakening global demand. Despite a brief rebound, the overall market sentiment remains bearish.Key Factors Impacting Oil Prices:OPEC’s Supply Outlook: The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand …

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