Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 30 October 2024 7:15 pm

  Canadian Dollar Holds Steady Amidst Mixed US Economic Data

  

  The Canadian Dollar (CAD) maintained a relatively neutral stance against the US Dollar (USD) on Wednesday, as mixed economic data from the United States created a tug-of-war in the currency markets. While the USD initially gained ground due to a stronger-than-expected ADP Employment Change report, it subsequently faced downward pressure …

  Read More »
• 30 October 2024 4:34 pm

  October Private Payrolls Beat Expectations Amid Hurricane and Strike Concerns

  

  In October, U.S. private payroll growth exceeded forecasts, adding 233,000 jobs, as reported by the ADP National Employment Report. This growth followed an upwardly revised increase of 159,000 in September, well above the 114,000 jobs economists had anticipated. The ADP report, created with Stanford’s Digital Economy Lab, precedes Friday’s comprehensive …

  Read More »
• 30 October 2024 3:26 pm

  U.S. Futures Rise as Alphabet Leads Tech Surge Amid Mixed Market Moves

  

  U.S. stock index futures inched higher Wednesday, buoyed by a notable increase in Alphabet shares following the company’s robust earnings report. As of 06:25 ET (10:25 GMT), Dow Jones Futures were up by 50 points, or 0.1%, S&P 500 Futures climbed 15 points, or 0.3%, and Nasdaq 100 Futures added …

  Read More »
• 30 October 2024 12:54 pm

  Alphabet Q3 Earnings Surpass Expectations with Strong Ad Revenue and Cloud Growth

  

  Alphabet Inc. reported robust third-quarter earnings that exceeded Wall Street forecasts, as the tech giant’s core advertising revenue grew significantly, allaying concerns over potential threats from AI-driven competitors. Following the report, Alphabet’s stock surged over 5% in premarket trading on Wednesday. For Q3, Alphabet recorded earnings of $2.12 per share, …

  Read More »
• 30 October 2024 11:57 am

  Oil Prices Hover Near Monthly Lows Amid Ceasefire Hopes and Rising OPEC+ Supplies

  

  Oil prices held steady at one-month lows after recent declines, as markets weighed prospects of a ceasefire between Israel and Hezbollah and rising crude output from OPEC+ against concerns over U.S. fuel stocks and demand uncertainty. Brent crude rose by 0.8% to $71.70 per barrel, while U.S. West Texas Intermediate …

  Read More »
• 30 October 2024 11:06 am

  Bitcoin Nears Record Highs Amid U.S. Election Speculation, Altcoins See Mixed Gains

  

  Bitcoin surged on Wednesday, approaching its all-time high as investors bet on a potential pro-crypto shift in U.S. policy depending on the outcome of the upcoming presidential election. The world’s largest cryptocurrency rose 2% to $72,456.80, close to its record peak of $73,798. Bitcoin Rallies on Trump’s Pro-Crypto PositionBitcoin’s recent …

  Read More »
• 30 October 2024 10:22 am

  Asian Stocks Decline on Election Jitters, Economic Data; Japan Outperforms on BOJ Bets

  

  Asian markets saw broad declines on Wednesday, as rising caution ahead of the U.S. presidential election and a series of crucial economic data releases weighed on sentiment. Japan’s Nikkei, however, continued to gain, fueled by technology stocks and expectations that the Bank of Japan (BOJ) will maintain an accommodative stance. …

  Read More »
• 30 October 2024 1:23 am

  US Dollar Holds Steady Ahead of Key US Data

  

  The US Dollar remained steady ahead of key economic data releases, despite receiving mixed signals from the Job Openings and Labour Turnover Survey (JOLTS). US bond yields saw an uptick, supported by market sentiment leaning towards former President Donald Trump in the upcoming presidential election and a cautious stance from …

  Read More »
• 30 October 2024 1:11 am

  U.S. Finalizes Investment Restrictions in Critical Technology Sectors in China

  

  The United States has finalized rules to limit investments in critical technology sectors in China, such as artificial intelligence, on national security grounds, according to the Treasury Department. These restrictions will prevent U.S. citizens, permanent residents, and U.S.-based companies from engaging in transactions involving technologies like AI, semiconductors, and quantum …

  Read More »
• 29 October 2024 11:57 pm

  Dow Jones Dips as Fed Rate Cut Bets Rise

  

  Dow Jones Dips as Fed Rate Cut Bets Rise: A Balancing ActThe Dow Jones Industrial Average retreated on Tuesday, reversing Monday’s gains as US Treasury yields climbed. This downward trajectory was primarily driven by growing expectations of a potential Federal Reserve rate cut in November.Dow Jones’s recent decline reflects the …

  Read More »
• 29 October 2024 11:04 pm

  Market Drivers; US Session

  

  Shifting Focus: The US Labor Market Takes Center StageThe US dollar maintained a relatively stable position on Tuesday, as market participants digested a slowdown in the rally of US Treasury yields. This cautious stance was further influenced by the impending US election and the anticipation of key economic data releases.Key …

  Read More »
• 29 October 2024 10:08 pm

  Earnings of PayPal Reflect a Complex Landscape

  

  PayPal Holdings Inc., a leading digital payments company, recently released its Q3 earnings report, offering a mixed bag of results. While the company exceeded expectations on earnings per share, revenue fell short of analyst estimates.PayPal’s Q3 earnings report provides a mixed picture. The company has made strides in improving profitability, …

  Read More »
• 29 October 2024 8:26 pm

  Gold prices rally to fresh all-time highs following US Jobs data

  

  Gold, the timeless haven asset, has recently embarked on a remarkable rally, pushing its price to unprecedented heights. This surge can be attributed to a confluence of factors, each contributing to the precious metal’s allure.A Weakening US Dollar and Lower Interest RatesThe US dollar, often inversely correlated with gold prices, …

  Read More »