Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 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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• 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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