Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 3 December 2024 1:44 am

  Bitcoin Price Softens, Yet BTC Derivatives Remain Robust

  

  Is Bitcoin Taking a Breather? While November saw a strong 38% gain for Bitcoin, the price has struggled to break past the $98,000 mark since late November. This consolidation phase has some investors worried, fearing a potential bearish turn if the price stays below the psychological barrier of $100,000 for …

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• 2 December 2024 10:26 pm

  Wall Street Recovers Following Upbeat Data

  

  US stock markets on Wall Street are seeing significant gains since the start of the new trading week, boosted by improved economic performance in the United States reflected in recent data.The S&P 500 Index rose to 6048 points after adding approximately 15 points or 0.7%. Additionally, the tech-heavy Nasdaq reached …

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• 2 December 2024 10:15 pm

  Fed Official: US Inflation Path Remains Intact Despite Recent Rise

  

  A senior Federal Reserve official expressed optimism on Monday about the US economy’s trajectory, asserting that the nation remains on course to achieve its long-term inflation target of 2%, despite a recent uptick in price pressures.The Federal Reserve has embarked on a concerted effort to tame inflation, which surged to …

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• 2 December 2024 9:10 pm

  US Dollar Surges Amid French Political Turmoil, Trump Tariff Threats

  

  The US Dollar gained nearly 1% on Monday, driven by political developments in France and tariff threats from President-elect Donald Trump. Trump’s weekend tweet warning BRICS nations of 100% tariffs if they continue their de-dollarization efforts sparked a strong bid for the US Dollar in Asian markets.In Paris, Prime Minister …

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• 2 December 2024 8:06 pm

  Fed’s Waller: Displeased with inflation uptick, but leaning toward December rate cut

  

  Federal Reserve Board of Governors member Christopher Waller noted on Monday that while he is less than enthusiastic about a recent upswing in headline inflation figures, Governor Waller reiterated that he sees no reason to shift stance measurably as a result.The Fed Governor took a potshot at markets that have …

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• 2 December 2024 7:13 pm

  XAU/USD Slides Following Trump’s Threats to BRICS to Defend USD

  

  Gold prices fell on Monday after President-elect Donald Trump threatened the BRICS nations with 100% tariffs if they attempt to replace the US dollar with their own currency. This warning boosted the US Dollar, which typically weighs on Gold prices since the metal is primarily priced and traded in USD. …

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• 2 December 2024 3:39 pm

  Europe Contracts While China’s Recovery Gains Momentum

  

  Manufacturing activity displayed stark regional contrasts in November, with European output plunging further into contraction while China saw its manufacturing sector extend its recovery, driven by government stimulus and export demand. Europe’s Manufacturing Struggles Deepen The HCOB euro zone Manufacturing PMI dropped to 45.2, signaling persistent contraction in the sector. …

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• 2 December 2024 1:14 pm

  Saudi Arabia Expected to Lower Oil Prices for Asia to Multi-Year Lows

  

  Saudi Arabia, the world’s top oil exporter, is likely to significantly reduce crude prices for Asian buyers in January, potentially marking the lowest official selling prices (OSPs) in years. This decision follows a decline in Middle East benchmark prices and reflects ongoing market dynamics, according to a Reuters survey of …

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• 2 December 2024 12:18 pm

  Oil Prices Gain on Strong China Data and Middle East Tensions

  

  Oil prices advanced on Monday, driven by optimism over robust factory activity in China and renewed geopolitical tensions in the Middle East. However, concerns over potential oversupply in 2025 continued to cap gains. Market Movement Brent crude: Rose 57 cents (0.79%) to $72.41 per barrel by 0700 GMT. West Texas …

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• 2 December 2024 11:23 am

  Bitcoin Steadies Below $100K Amid Policy Uncertainty; XRP Surges on SEC Speculation

  

  Bitcoin began the week trading in a tight range, hovering just below the psychological $100,000 mark. The cryptocurrency market was influenced by optimism surrounding potential pro-crypto policies under the incoming Trump administration, while XRP saw a significant surge on speculation of favorable regulatory developments. Bitcoin Maintains Range Near All-Time Highs …

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• 2 December 2024 11:06 am

  Gold Prices Slip Amid Stronger Dollar and Trump’s Tariff Threats

  

  Gold prices declined in Asian trading on Monday, weighed down by a resurgent dollar following U.S. President-elect Donald Trump’s announcement of steep potential tariffs targeting the BRICS nations. While geopolitical tensions provided some haven demand, they were not sufficient to counteract the bearish pressures from currency markets. Gold Under Pressure …

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• 2 December 2024 1:59 am

  Weekly Recap: FOMC Minutes, Eurozone Inflation Weighed on Market Action

  

  Gold prices edged up on Friday, lifted by a weakening dollar and ongoing geopolitical tensions. However, the gains were not enough to offset a sharp decline earlier in the week, leaving gold on track for its worst monthly performance since September 2023. The price increase came despite a broader rise …

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November, 2024

• 30 November 2024 3:14 am

  Record-Breaking November Caps Strong Year for US Stocks

  

  November 2024 was a month to remember for US stock market investors. The Dow Jones Industrial Average and the S&P 500 both closed at record highs, marking a significant milestone in the ongoing bull market. This strong performance was driven by a combination of factors, including robust corporate earnings, optimistic …

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