Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 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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• 6 December 2024 1:36 am

  Will NFP Data Carry A Perfect Storm for the US Dollar?

  

  The upcoming release of the November Non-Farm Payroll (NFP) report is poised to be a pivotal moment for the US dollar and global financial markets. While consensus estimates point to a modest job growth of 200,000, the market’s focus will be on the underlying trends in wage growth, labour force …

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• 6 December 2024 12:33 am

  Trump Boasts, Assumes Credit for Bitcoin Reaching $100,000

  

  President-elect Donald Trump has wasted no time in claiming credit for the recent surge in bitcoin’s price, celebrating the wealth it has generated for digital asset owners. Early Thursday, Trump took to his Truth Social platform to share his excitement, posting: “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make …

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• 5 December 2024 11:34 pm

  Market Drivers; US Session

  

  The NFP Report: A Market-Moving Event As the NFP report approaches, market participants are likely to remain cautious, and volatile price action can be expected. It is crucial to stay updated on the latest economic news and market developments to make informed investment decisions.The US dollar weakened significantly on Thursday …

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• 5 December 2024 10:39 pm

  Pound Sterling Rises Supported by Construction Sector Data

  

  The Pound Sterling has continued to climb since the start of trading on Thursday, buoyed by improved UK data highlighting progress in the construction sector recently.GBP/USD rose to 1.2755 compared to the previous close of 1.2700 on Wednesday. The pair reached a daily low of 1.2692 against a high of …

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• 5 December 2024 9:32 pm

  EUR/USD Gains Ground Amidst Mixed Economic Signals

  

  The EUR/USD currency pair surged on Thursday, driven by a combination of factors. A weaker-than-expected US jobs report and anticipation of the upcoming Nonfarm Payrolls data fueled the rally. However, political uncertainty in France and mixed Eurozone economic data tempered the Euro’s gains.US Economic Data and Fed OutlookThe US Department …

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• 5 December 2024 8:26 pm

  US Stocks Decline Amid Anticipation of NFP Report

  

  US stocks are declining due to the anticipation of jobs data, considered the most important on the economic calendar for the month, after initial indicators highlighted a slowdown in job growth and a rise in unemployment levels in the United States.The Dow Jones Industrial Average fell to 44,848 points, losing …

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• 5 December 2024 1:40 pm

  European Stocks Near One-Month Highs Amid French Political Developments

  

  European equities remained steady on Thursday, approaching one-month highs, as French markets absorbed the political upheaval following a no-confidence vote that ousted Prime Minister Michel Barnier’s government. Market Highlights STOXX 600: Rose 0.1%, marking its sixth consecutive session of gains. France’s CAC 40: Mirrored regional trends with a 0.1% uptick. …

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• 5 December 2024 1:23 pm

  Bitcoin Surges Past $100,000 on Optimism Over U.S. Regulations

  

  Bitcoin achieved a historic milestone on Thursday, surpassing the $100,000 mark amid growing optimism surrounding potential crypto-friendly policies under President-elect Donald Trump and favorable commentary from Federal Reserve Chair Jerome Powell. Market Highlights Bitcoin Price: Climbed 5.9% to a record high of $101,438.9 during Asian trading hours. Year-to-Date Performance: Bitcoin …

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• 5 December 2024 10:41 am

  Gold Prices Remain Flat Amid Strong Dollar and Improved Risk Appetite

  

  Gold prices showed limited movement in Asian trading on Thursday, as improved risk appetite and a strong U.S. dollar weighed on safe-haven demand despite political turbulence in France and South Korea. Market Performance Spot Gold: Fell slightly to $2,649.09 an ounce. Gold Futures (February): Declined 0.1% to $2,672.99 an ounce …

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• 5 December 2024 1:43 am

  French government’s collapse adds to already weak economy

  

  Economic Uncertainty, Political UnrestThe recent fall of the French government has further destabilized the country’s economy, which is already struggling with flat growth and a heavy debt load. Following a no-confidence vote in Parliament on Wednesday, Prime Minister Michel Barnier and his cabinet were removed, leaving the country without a …

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• 5 December 2024 12:03 am

  Oil Prices Slide Ahead of OPEC+ Decision

  

  Oil prices declined on Wednesday as investors braced for a likely extension of production cuts by the OPEC+ alliance. While a significant drawdown in U.S. crude inventories offered some upward pressure, the market’s attention remained firmly fixed on the upcoming OPEC+ meeting. The organization is expected to extend its production …

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• 4 December 2024 11:04 pm

  Despite cautious stance, Fed’s Powell suggests continuing policy normalization

  

  Jerome Powell, Chairman of the Federal Reserve Board of Governors, said on Wednesday that he feels comfortable with the current stance of monetary policy and where it currently is, stressing that the US economy has been performing very well recently.Powell added: “The institutional relationship between the Fed and the US …

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