Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 21 November 2024 8:28 pm

  Explainer: Fed’s slower pace easing may disappoint borrowers

  

  The Federal Reserve’s once straightforward path towards interest rate cuts has taken a more winding route. While expectations were high for multiple rate reductions in 2024, recent economic developments and policy shifts have led to a more cautious stance from the central bank. A Cautious ToneFed Chair Jerome Powell has …

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• 21 November 2024 7:34 pm

  Fed’s Goolsbee Sees Delaying rate cuts would make sense

  

  In response to inflation that is reportedly approaching the Fed’s 2% objective, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee spoke to newswires on Thursday about the future pace of Fed rate decreases. Key QuotesInflation is on its way down to 2%.The labor market is close to stable, full …

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• 21 November 2024 4:28 pm

  Pound Softens as Dollar Strengthens Amid U.S. Policy Speculation

  

  The British pound edged lower against the dollar on Thursday, reflecting market caution as investors awaited clarity on President-elect Donald Trump’s Treasury Secretary pick and the implications for U.S. economic policies. Sterling fell 0.1% to $1.26405, struggling to maintain footing against a firming dollar. Dollar Gains Weigh on SterlingThe dollar’s …

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• 21 November 2024 3:09 pm

  Oil Prices Climb Amid Escalating Russia-Ukraine Conflict

  

  Oil prices edged higher on Thursday as intensifying military exchanges between Russia and Ukraine overshadowed concerns over rising U.S. crude inventories. The geopolitical tensions bolstered market uncertainty, keeping prices elevated despite bearish supply data from the United States. Brent crude futures rose 1.3% to $73.77 per barrel by 10:17 GMT, …

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• 21 November 2024 12:14 pm

  UK Public Borrowing Rises Sharply in October, Highlighting Fiscal Challenges

  

  Britain’s public finances faced mounting pressure in October as borrowing levels exceeded expectations, posing a significant challenge for Finance Minister Rachel Reeves. Official data from the Office for National Statistics (ONS) revealed that public sector net borrowing reached £17.4 billion ($22 billion) in October, well above the £12.3 billion forecast …

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• 21 November 2024 11:40 am

  Bitcoin Nears $100,000 as Crypto Markets Soar on Optimism Over Trump Presidency

  

  Bitcoin surged to a new all-time high on Thursday, fueled by optimistic sentiment around crypto markets and the prospect of pro-crypto regulations under U.S. President-elect Donald Trump. The world’s largest cryptocurrency reached $97,792.6 before settling slightly lower at $96,909.4 by early morning trading. This rally places Bitcoin tantalizingly close to …

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• 21 November 2024 10:33 am

  Gold Prices Extend Gains Amid Geopolitical Tensions, but Dollar Strength Caps Upside

  

  Gold prices continued their upward trajectory in Asian trade on Thursday, marking a fourth consecutive session of gains as escalating tensions between Russia and Ukraine spurred safe-haven demand. However, the precious metal’s recovery faced headwinds from a robust U.S. dollar and uncertainty surrounding Federal Reserve rate decisions. Spot gold rose …

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• 21 November 2024 12:15 am

  Market Drivers; US Session

  

  US Dollar Strengthens as Market Reacts to Trump-Inspired Rally The US Dollar Index (DXY) rebounded on Thursday, November 21, approaching the 107.00 level as yields rose. This surge was fueled by renewed optimism stemming from Trump-related news.Key Economic Data and Fed SpeechesInvestors will be closely watching key economic indicators, including …

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• 21 November 2024 12:05 am

  Dow Jones Treads Water Ahead of Key Events: Nvidia Earnings, Economic Data

  

  The Dow Jones Industrial Average (DJIA) commenced the week on a cautious note, hovering near the 43,000 mark. Investor sentiment remains subdued as market participants eagerly await two key events: Nvidia’s highly anticipated earnings report and the release of crucial economic indicators. Nvidia Takes Center StageChipmaker Nvidia is poised to …

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• 20 November 2024 11:53 pm

  Why Does Bitcoin Outshine Ethereum?

  

  Bitcoin (BTC) has continued its impressive run, reaching new all-time highs and leaving Ethereum (ETH) trailing behind. This trend, which has persisted for the past two years, has sparked discussions about the underlying factors driving this price disparity.Institutional Investment and Market SentimentOne of the primary reasons for Bitcoin’s outperformance is …

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• 20 November 2024 11:15 pm

  US Dollar Strengthens on Hawkish Fed Stance

  

  The US Dollar Index (DXY) has surged to near 106.70, driven by a combination of factors, primarily the Federal Reserve’s hawkish monetary policy stance and rising US Treasury yields.Fed’s Hawkish ToneFederal Reserve officials have adopted a cautious approach to potential rate cuts, citing persistent inflationary pressures and robust economic data. …

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• 20 November 2024 9:25 pm

  BoE’s Ramsden Still Optimistic on Rate Cuts

  

  Bank of England Deputy Governor Dave Ramsden expressed confidence in the UK’s inflation trajectory, suggesting that a recent uptick in October’s CPI data is a temporary blip. He believes that inflation will continue to decline, allowing the central bank to maintain its easing monetary policy.Key points from Ramsden’s remarks:Inflation Outlook: …

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• 20 November 2024 8:46 pm

  Fed’s Cook: Could see a pause on rate moves if inflation progress slows

  

  Federal Reserve Board of Governors member Lisa Cook noted on Wednesday that while she views the overall economic outlook within the US as fairly balanced, the Fed might get forced into a pause on rate cuts if inflation progress slows down while employment remains solid.Key QuotesIf the labour market and …

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