Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 17 December 2024 10:11 pm

  Canadian Dollar Slumps as Inflation Cools

  

  The Canadian dollar weakened further against the US dollar (USD) on Tuesday as the latest inflation data revealed a steeper-than-expected decline in headline Consumer Price Index (CPI) inflation. This development has raised concerns about the country’s economic outlook and fueled expectations for further interest rate cuts by the Bank of …

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• 17 December 2024 9:42 pm

  US Rate Preview: How could financial markets react to last FOMC decision in 2024?

  

  The Fed will likely move ahead with another 25-basis point cut at its December meeting. The Federal Reserve’s last meeting in 2024 is poised to be a pivotal moment in the ongoing economic battle against inflation in the United States. As the US central bank prepares to deliver its final …

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• 17 December 2024 8:42 pm

  Gold prices pressured ahead of FOMC decision

  

  Gold prices have retreated from their recent highs, pressured by rising US Treasury yields. This shift reflects a change in market expectations for Federal Reserve interest rate cuts. The upcoming FOMC meeting is a pivotal moment for gold, as the Fed’s policy decisions and forward guidance will significantly impact the …

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• 17 December 2024 7:19 pm

  DXY Rally Stalls After Mixed Retail Sales Data

  

  The US dollar’s recent rally has paused following the release of November retail sales figures, which offered a mixed picture of consumer spending. While the headline number slightly exceeded expectations, other key indicators fell short, leaving traders unimpressed and the US Dollar Index (DXY) hovering around the 107.00 mark.Retail sales …

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• 17 December 2024 5:05 pm

  Forex: U.S. Dollar Holds Firm Ahead of Fed Decision; Pound Rises on Strong UK Wage Data

  

  The U.S. dollar maintained its strength on Tuesday, as investors braced for an expected interest rate cut by the Federal Reserve and recalibrated their outlook for the pace of monetary easing in 2024. Traders are increasingly convinced the Fed will adopt a gradual approach to reducing borrowing costs amid persistent …

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• 17 December 2024 3:34 pm

  German Business Morale Drops as Industrial Slump Deepens, but Investors Eye Optimism

  

  German business sentiment deteriorated more than expected in December, as companies grappled with geopolitical uncertainty, industrial stagnation, and broader economic headwinds in Europe’s largest economy. Ifo Business Climate Index Falls The Ifo Institute’s business climate index fell to 84.7 in December, down from a downwardly revised 85.6 in November. This …

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• 17 December 2024 1:16 pm

  Oil Prices Dip Amid China Demand Woes, Caution Ahead of Fed Decision

  

  Oil prices edged lower on Tuesday as renewed demand concerns in China weighed on sentiment, while investors adopted a cautious stance ahead of the U.S. Federal Reserve’s final policy decision of the year. West Texas Intermediate (WTI) crude fell 11 cents to $70.60 a barrel (as of 0802 GMT). Brent …

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• 17 December 2024 12:35 pm

  Bank of Japan Faces Tough Decision Amid Growth Concerns and Policy Uncertainty

  

  The Bank of Japan (BOJ) is set to conclude its final two-day meeting of the year on Thursday, with analysts and markets closely watching whether the central bank will raise interest rates or maintain its cautious stance. The decision comes against the backdrop of slowing economic momentum and increasing political …

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• 17 December 2024 10:32 am

  Bitcoin Hits Record High Amid Optimism on Strategic Reserve, But Challenges Loom

  

  Bitcoin extended its recent rally on Tuesday, briefly reaching a fresh all-time high as investor sentiment remained buoyed by hopes of pro-crypto policies under incoming U.S. President Donald Trump. The surge comes as Trump floated the idea of establishing a Strategic Bitcoin Reserve—a move that has sparked both enthusiasm and …

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• 17 December 2024 1:31 am

  Market Drivers; US Session

  

  Bitcoin’s record rally topped $107,000 on Monday after President-elect Donald Trump reiterated that he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Markets Brace for Fed’s Rate DecisionThe US Dollar dipped slightly on Monday as investors turned their …

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• 17 December 2024 1:16 am

  Could Trump’s drilling plan cut fuel prices and fix inflation?

  

  President-elect Donald Trump has pledged to lower consumer prices that have soared since the pandemic, explaining how he would do so by repeating a simple mantra: “Drill, baby, drill.” He is expected to speed drilling permits that took an average of 258 days to complete during the Biden administration, hold …

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• 17 December 2024 12:48 am

  Tech Year-End Rally Powers Markets Amid Fed Rate Cut Expectations

  

  The stock market saw a year-end rally for tech companies and other fast-growing businesses, with the tech-heavy Nasdaq Composite up more than 1% in recent trading. Broadcom’s revenue surge and dividend increase last week added to the momentum for tech stocks. A rebound in bond yields has helped drag on …

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• 17 December 2024 12:03 am

  BoC’s Macklem: Below-forecast growth could keep inflation low

  

  Bank of Canada Governor Tiff Macklem gave significant statements before the Vancouver Board of Trade on Monday, spinning an expected drag on Canadian economic growth as a positive on the hopes that lagging growth at the nation-wide level could, in theory, limit a re-ignition in inflationary pressures.Key QuotesBig structural changes …

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