Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 6 December 2024 11:45 pm

  Fed’s Daly: Prepared to raise rates if inflation breaks out again.

  

  Federal Reserve Bank of San Francisco President Mary Daly cautioned markets on Friday, warning that despite data still leaning toward the Fed achieving its inflation goals, the US central bank will still step in with additional rate hikes if price growth begins to spiral once again.Key QuotesThe labour market remains …

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• 6 December 2024 10:04 pm

  Fed Official: One rate cut between now and late January is reasonable

  

  Federal Reserve Bank of Cleveland President Beth Hammack recently offered a nuanced perspective on the future trajectory of monetary policy. While acknowledging market expectations of a potential rate cut before the end of January, she indicated a preference for a more cautious approach.Hammack emphasized the need for a modestly restrictive …

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• 6 December 2024 8:54 pm

  GBP/USD Pulls Back After Strong Rally

  

  The GBP/USD pair encountered a downward correction after reaching a one-month high of 1.2810. This decline was primarily driven by a stronger-than-expected US Nonfarm Payrolls report, which initially dampened the US Dollar’s strength. However, a subsequent surge in the US Consumer Sentiment Index bolstered the Greenback, reversing the earlier trend. …

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• 6 December 2024 8:13 pm

  Euro Retreats After Testing 1.0600

  

  The Euro retreated on Friday after a brief rally to the 1.0600 level. The pair closed the session near 1.0550, still holding above the crucial 20-day Simple Moving Average (SMA). This suggests that the short-term outlook for the EUR/USD remains cautiously optimistic, despite the recent pullback.Technical indicators present a mixed …

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• 6 December 2024 7:24 pm

  Dollar Dives as Fed Rate Cut Looms

  

  The US Dollar weakened significantly following the release of the November Nonfarm Payrolls report. The 227,000 jobs added, while still positive, fell short of market expectations. This, combined with recent economic indicators, has fueled speculation about a potential rate cut by the Federal Reserve in December.The market’s reaction was swift, …

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• 6 December 2024 5:59 pm

  Nasdaq Dips as Strong Job Growth, NFP Report Hint at Fed’s Next Rate Decision

  

  Wall Street opened in a mixed state on Friday, with the Nasdaq and S&P 500 trading lower, while the Dow Jones Industrial Average edged slightly higher. This cautious market sentiment was primarily driven by the release of the November non-farm payroll report, which revealed a stronger-than-expected job growth of 227,000, …

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• 6 December 2024 5:39 pm

  U.S. Nonfarm Payrolls Exceed Expectations with Strong November Growth

  

  The U.S. labor market demonstrated resilience in November as Nonfarm Payrolls (NFP) increased by 227,000, according to the Bureau of Labor Statistics (BLS) report released on Friday. This robust figure surpassed market expectations of 200,000 and significantly outpaced October’s revised gain of 36,000, which had initially been reported as just …

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• 6 December 2024 4:53 pm

  Oil Prices Slip Amid Concerns Over Supply Surplus Despite OPEC+ Cuts

  

  Oil prices softened on Friday, reflecting persistent market concerns about a looming supply surplus in 2025, even as OPEC+ extended its production cuts through the end of 2026. Brent crude futures dipped by 0.9%, trading at $71.43 per barrel, while US West Texas Intermediate (WTI) fell 1% to $67.65 per …

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• 6 December 2024 2:38 pm

  US Dollar Marginally Higher Ahead of Jobs Report; Euro Weakens on German Data

  

  The US dollar edged higher on Friday as traders adopted a cautious approach ahead of the release of the US monthly jobs report, while the euro remained under pressure due to weak German industrial data and ongoing political uncertainty in France. At 05:00 ET (10:00 GMT), the Dollar Index, which …

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• 6 December 2024 1:19 pm

  European Shares Flat Ahead of U.S. Payrolls Data; French Political Developments in Focus

  

  European stock markets showed little movement on Friday, as investors awaited the release of U.S. nonfarm payrolls data, a critical factor in shaping Federal Reserve policy expectations for the coming months. Ongoing political shifts in France and South Korea also remained under watch. Market Highlights: STOXX 600: Down 0.04% by …

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• 6 December 2024 11:28 am

  Bitcoin Retreats After Brief Surge Beyond $100,000 Amid Profit-Taking

  

  Bitcoin prices dropped in Asian trading on Friday, reversing gains after a brief rally past the critical $100,000 mark. Profit-taking and investor caution ahead of key U.S. nonfarm payrolls data drove the decline, following optimism over pro-crypto signals from President-elect Donald Trump’s administration. Key Movements: Bitcoin Price: Fell 4.5% to …

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• 6 December 2024 11:00 am

  Gold Prices Edge Up Amid Rate Speculation and Geopolitical Concerns

  

  Gold prices gained modestly during Asian trading hours on Friday, supported by cautious investor sentiment ahead of U.S. nonfarm payrolls data and ongoing geopolitical uncertainties. However, the yellow metal remains subdued due to resilience in the U.S. dollar and mixed signals on future Federal Reserve interest rate policies. Key Market …

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• 6 December 2024 2:19 am

  OPEC+ Delays Output Hike, Oil Prices Dip

  

  Oil prices edged lower on Thursday as investors weighed OPEC+’s decision to extend its production cuts until April 2025 against a projected surplus in global supply for next year. Brent crude futures fell 0.3% to settle at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) crude futures declined 0.35% …

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