Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 29 November 2024 8:39 am

  Santa Rally, Market Outlook for December 2024 and Beyond

  

  As the year draws to a close, investors are keenly watching for the much-anticipated “Santa rally,” a phenomenon where stock markets tend to rise during the final trading days of December and the first two trading days of January. Historically, this period has seen positive momentum, driven by factors such …

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• 29 November 2024 3:07 am

  Market Drivers; US Session: Oil Rebounds, Gold Gains Amid Thanksgiving Holiday

  

  Oil prices rebounded at the end of Thursday’s trading, benefiting from an exchange of accusations between Hezbollah and Israel over breaches of the ceasefire agreement reached in recent days.Geopolitical tensions and related concerns, particularly affecting financial markets and oil, escalated after Israeli tanks shelled areas in southern Lebanon on Thursday. …

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• 29 November 2024 2:47 am

  Explainer: Key Economic Policies of Donald Trump

  

  On January 20, 2025, President-elect Donald Trump will officially take office after winning the 2024 presidential election. This calls for a closer look at the key policies expected to be implemented by the Republican president upon assuming power. Trump’s policies primarily focus on imposing more protectionist measures, including tariffs on …

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• 29 November 2024 12:51 am

  Canadian Dollar Benefits from Rising Oil Prices

  

  On Thursday, the USD/CAD pair declined as the American currency pressured its Canadian counterpart, benefiting from the rise in global oil prices.The pair fell to 1.4015 compared to the previous day’s close of 1.4030. It reached its highest level on Thursday at 1.4031 and its lowest at 1.3998.Oil prices recovered …

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• 28 November 2024 10:01 pm

  Euro Continues to Decline Ahead of European Inflation Data

  

  The euro ended Thursday’s trading on a downward trend, affected by pressure from the rising US dollar and anticipation of eurozone inflation data, which is expected to shed more light on the European Central Bank’s future monetary policy path.The EUR/USD pair fell to 1.0551 compared to the previous day’s close …

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• 28 November 2024 8:56 pm

  USD Registers Modest Gains On Thanksgiving Holiday

  

  The US dollar continues to seek further gains during the Thanksgiving holiday, but it has not been able to achieve significant increases due to lower liquidity levels in the markets during the US market closure.The Dollar Index, which provides a clear picture of the US currency’s performance against a basket …

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• 28 November 2024 7:38 pm

  US Considers Softer China Chip Curbs, Boosting Chip Stocks

  

  Shares of key global semiconductor equipment manufacturers surged on Thursday following reports that the U.S. is considering a less stringent approach to its sanctions on China’s chip industry. This potential shift in policy has sparked optimism among industry players, particularly those heavily reliant on the Chinese market.Among the biggest beneficiaries …

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• 28 November 2024 4:23 pm

  European Stocks Rebound as Tech Leads the Recovery Amid Political and Economic Uncertainty

  

  European shares staged a comeback on Thursday, buoyed by a strong performance in the tech sector, even as broader concerns about U.S. trade policy and France’s political instability lingered. Key Highlights Tech Sector Outperforms: The STOXX 600 index rose by 0.6% in early trading, led by the technology sector, which …

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• 28 November 2024 2:55 pm

  OPEC+ Prepares for December Meeting Amid Price Challenges

  

  The OPEC+ coalition is set to convene virtually on December 5, marking its third consecutive online session. While in-person meetings were previously held at the Vienna headquarters, logistical and geopolitical factors seem to favor the virtual format. Key Highlights and Agenda Virtual Meeting Format: No formal invitations or plans for …

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• 28 November 2024 1:33 pm

  Currency Markets Steady Amid Mixed Global Developments

  

  The U.S. dollar stabilized on Thursday as currency markets reacted to a series of global interest rate changes and economic data releases. Notable movements included the South Korean won softening after an unexpected rate cut and the Japanese yen positioning for its strongest week in three months. Key Currency Highlights …

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• 28 November 2024 12:50 pm

  Bitcoin Climbs as Optimism Grows Over Pro-Crypto Policies Under Trump Administration

  

  Bitcoin extended its rally on Thursday, fueled by speculation that the incoming Trump administration will introduce more favorable cryptocurrency regulations. The cryptocurrency surged 3.1% to $95,645 by early trading hours, continuing its recovery toward the psychologically significant $100,000 milestone. Key Drivers Behind Bitcoin’s Rise Regulatory Shift to CFTC: Reports suggest …

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• 28 November 2024 11:13 am

  Gold Edges Lower Amid Inflation Concerns and Rate Cut Uncertainty

  

  Gold prices faced slight declines during Thursday’s Asian trading session, reflecting market uncertainty over the Federal Reserve’s rate-cut trajectory. The robust U.S. economy and persistently high inflation have tempered expectations for aggressive monetary easing in the near future. Key Factors Driving Gold Prices U.S. Economic Data: The Personal Consumption Expenditures …

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• 28 November 2024 4:04 am

  Explainer: How has Energy Market React to EIA Report?

  

  Natural Gas Futures Slip Amid Technical Weakness and Storage Concerns Natural gas futures declined on Wednesday as traders braced for the US Energy Information Administration’s (EIA) weekly storage report. While some market participants attributed the sell-off to changing weather patterns, technical weakness appears to be the primary driver.Technical AnalysisPrices struggled …

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