Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 4 October 2024 9:20 pm

  Gold slides following US NFP

  

  Gold prices are back in the positive territory after a steep selloff after the US NFP data, and traders are scratching their heads as to what has happened here. The data released today has made speculators shred their bets on another jumbo rate cut, and this impacted the price of …

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• 4 October 2024 7:54 pm

  US Dollar sees best trading week in two years following NFP print

  

  The US Dollar jumps higher after a massive positive Nonfarm Payrolls print. Tensions in the Middle East together with further pared bets of big Fed rate cuts are fueling safe-haven inflows to the Greenback.The US Dollar Index moves higher and says goodbey to September’s tight range. The US Dollar ties …

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• 4 October 2024 7:11 pm

  Goolsbee Lauds September’s Jobs Report

  

  Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest job market report to be “superb” and noted that additional reports like this would increase his confidence that the US economy has reached full employment with low inflation. Key Quotes Do not want to react …

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• 4 October 2024 6:01 pm

  EUR/USD dragged lower following upbeat US labour data

  

  EUR/USD slides below 1.1000 after robust US labor market growth. The EUR/USD pair falls sharply below 1.1000 as US NFP surprisingly came in higher than estimates in September. The EUR/USD dips below the psychological support of 1.1000 in Friday’s New York session. The major currency weakens as upbeat United States …

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• 4 October 2024 11:46 am

  European Shares Subdued as Middle East Tensions Loom, Oil Stocks Offer Resilience

  

  European shares remained subdued on Friday as investors weighed the risks of an expanding conflict in the Middle East. However, strength in energy stocks helped prevent a further decline in the overall market. The pan-European STOXX 600 index held steady at 516.40 points as of 0709 GMT. Despite the resilience, …

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• 4 October 2024 10:27 am

  Dollar Holds Near Six-Week High Ahead of U.S. Jobs Report, Yen Surges After Turbulent Week

  

  The U.S. dollar hovered close to a six-week high on Friday, bolstered by safe-haven demand amid rising Middle East tensions and investor focus on the U.S. payrolls report, which could influence the future trajectory of U.S. interest rates. The dollar index, which tracks the greenback against six major currencies, stood …

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• 4 October 2024 9:44 am

  Oil Prices Hold Steady Amid Middle East Tensions, Heading for Weekly Gains

  

  Oil prices were relatively unchanged on Friday but remained on track for significant weekly gains as investors balanced the risks of potential supply disruptions due to escalating tensions in the Middle East against a well-supplied global oil market. As of 04:15 GMT, Brent crude futures slipped by 8 cents to …

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• 4 October 2024 12:50 am

  What can investors expect from looming NFP data?

  

  As on the first Friday of every month, investors await the fresh NFP figures, The US economy is expected to add 140K jobs in September, following a 142K expansion the previous month. The Unemployment Rate is expected to remain steady at 4.2% during the same period. Average Hourly Earnings is …

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• 4 October 2024 12:18 am

  After Major Crash, Bitcoin Remains Resilient

  

  Bitcoin’s price has remained relatively stable despite the escalating Middle East crisis. While the broader cryptocurrency market has experienced a significant downturn, Bitcoin has demonstrated resilience, supported by bullish sentiment in derivatives markets and a potential shift in Federal Reserve monetary policy.Despite the geopolitical tensions, Bitcoin’s price has shown remarkable …

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• 3 October 2024 11:59 pm

  XAU Stabilized Above Daily Lows Amid Geopolitical Tensions

  

  Geopolitical Tensions Fuel Safe-Haven DemandGold prices have experienced a dramatic surge, surpassing the $2,650 mark, as geopolitical tensions escalate in the Middle East. The ongoing conflict between Israel and Iran, coupled with the threat of wider regional instability, has driven investors to seek refuge in safe-haven assets like gold. The …

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• 3 October 2024 11:06 pm

  Fed’s Goolsbee: Labour market is at full employment

  

  Speaking to Chicago public radio station WBEZ, Chicago Federal Reserve Bank President Austan Goolsbee warned on Thursday that if the strike continues, supply-chain disruptions could exert upward pressure on prices and negatively impact the economy.Austan Goolsbee on Thursday said retailers and manufacturers had stockpiled about two weeks worth of items …

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• 3 October 2024 9:37 pm

  US Strong Service Sector Drives Growth

  

  The US economy continues to demonstrate its resilience, with the service sector leading the way. The Institute for Supply Management (ISM) reported a significant surge in the Services PMI for September, indicating robust growth. This positive development suggests that the economy is on a solid footing and is not at …

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• 3 October 2024 7:39 pm

  Wall Street Opens Mixed Following US Economic Data

  

  Wall Street’s main indexes were mixed on Thursday after data showed strong service activity in the world’s largest economy, while cautious investors watched for any escalation in the Middle East conflict.The benchmark S&P 500 pared losses after the Institute for Supply Management survey showed service sector activity, which makes up …

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