Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 2 November 2024 1:26 am

  What implications could US presidential elections have for Fed policy?

  

  The election has significant implications for Fed policy in 2025, with a Trump victory potentially ensuring a lower tax environment that boosts sentiment and spending in the near-term. However, promised tariffs, immigration controls, and higher borrowing costs will become headwinds through his presidential term. Conversely, a Harris victory implies continuity, …

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• 1 November 2024 11:58 pm

  DXY: Uncertain Path Amid Economic Crosscurrents

  

  The US Dollar, once an unfaltering symbol of global financial stability, has recently exhibited a volatile performance. While it initially surged on the back of aggressive interest rate hikes by the Federal Reserve, it has since retreated as market expectations for future tightening have moderated. The confluence of economic factors, …

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• 1 November 2024 10:01 pm

  Wall Street Rallies Following Surprise NFP Report

  

  Wall Street roared to life on Friday, propelled by a surprisingly weak October jobs report. The US economy added a mere 12,000 jobs, a stark contrast to the robust growth seen in previous months. This unexpected slowdown ignited hopes that the Federal Reserve might temper its aggressive rate hike trajectory. …

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• 1 November 2024 9:48 pm

  How Are Gold Prices Facing A Stormy Economic Agenda?

  

  A Tale of Two Reports: NFP and ISM The recent release of the Non-Farm Payroll (NFP) and Institute for Supply Management (ISM) Manufacturing PMI reports has sent mixed signals about the state of the US economy. While the NFP report painted a picture of a slowing labor market, the ISM …

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• 1 November 2024 9:14 pm

  Fed’s Tightening Grip: A Deeper Look at the Shrinking RRP

  

  The Federal Reserve’s ongoing efforts to tighten monetary policy have led to a significant decline in the amount of money parked at its overnight reverse repurchase agreement (RRP) facility. This development has sparked renewed debate about the potential for a liquidity crunch in the US financial system.As of Friday, the …

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• 1 November 2024 7:38 pm

  Fed Expected To Address Recent Labour Data With Caution

  

  The Federal Reserve is poised to once again navigate a complex economic landscape as it prepares for its upcoming policy meeting. While the central bank is widely expected to implement a modest interest rate cut, the underlying economic conditions present a nuanced picture. The recent employment report, though initially underwhelming, …

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• 1 November 2024 5:10 pm

  US Job Growth Slows Sharply in October Amid Hurricanes and Strikes

  

  The U.S. labor market experienced a significant slowdown in October, with nonfarm payrolls adding just 12,000 jobs, far below the expected 106,000. This steep drop comes after September’s revised 223,000 job increase, as the Labor Department indicated that severe hurricanes in the Southeast and strikes in manufacturing weighed heavily on …

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• 1 November 2024 3:23 pm

  Crypto Market Pullback Deepens as Bitcoin Dips Below $69,000 Amid Shifting U.S. Election Odds

  

  Bitcoin’s price saw continued losses on Friday, as the cryptocurrency market pulled back for the third day straight. The decline comes amid heightened volatility as Donald Trump’s odds in the U.S. presidential race faced slight dips, which some investors fear may add regulatory uncertainty, especially if Democratic candidate Kamala Harris …

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• 1 November 2024 2:14 pm

  Amazon Q3 Earnings Exceed Expectations, Driven by Strong AWS Performance and AI Investments

  

  Amazon.com Inc (NASDAQ) reported third-quarter results that exceeded analyst expectations, propelling its stock up by 5.7% in after-hours trading despite issuing slightly lower-than-anticipated guidance for the upcoming quarter. The company posted an adjusted earnings per share (EPS) of $1.43, surpassing the analyst consensus of $1.14 by $0.29. Quarterly revenue reached …

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• 1 November 2024 12:15 pm

  European Markets Edge Up Amid Caution Ahead of U.S. Jobs Data and Presidential Election

  

  European stock markets traded modestly higher on Friday morning as investors awaited the release of key U.S. nonfarm payrolls data, along with the impending U.S. presidential election. At the start of the European trading session, the DAX in Germany gained 0.2%, France’s CAC 40 rose 0.3%, and the U.K.’s FTSE …

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• 1 November 2024 11:46 am

  Oil Prices Rally Amid Rising Middle East Tensions and Supply Uncertainties

  

  Oil prices rose sharply on Friday, with Brent crude and U.S. West Texas Intermediate (WTI) both gaining over 2% as geopolitical concerns and supply factors bolstered the market. By early trading hours, Brent crude for January delivery climbed to $74.22 a barrel, up $1.41, while WTI rose to $70.72, gaining …

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• 1 November 2024 11:14 am

  Asian Markets Start November Cautiously Amid Mixed Global Economic Signals

  

  Asian markets kicked off the month on a cautious note, with most indices lower as investors await key U.S. jobs data. Friday’s nonfarm payroll report, the U.S. presidential election, and the upcoming Federal Reserve meeting next week are expected to heavily influence market sentiment. Wall Street and Futures: Tech Stocks …

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• 1 November 2024 1:56 am

  Market Drivers; US Session

  

  US Dollar Weakens on Yen Strength and Fed Rate Hike UncertaintyThe US Dollar weakened on Thursday as the Japanese Yen strengthened after a slightly hawkish tone from the Bank of Japan. The upcoming US labor market report on Friday is crucial for determining the Federal Reserve’s future rate hike path. …

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