Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 26 November 2024 11:50 pm

  Investors Await FOMC Minutes, Core PCE

  

  The Dollar Index (DXY) briefly traded above 108 on Friday, driven primarily by euro weakness rather than dollar strength. As we head into a short week due to the US Thanksgiving holiday, market participants are focused on key data releases, including the Federal Reserve’s November FOMC minutes and the core …

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• 26 November 2024 10:23 pm

  Dollar Dithers: Greenback Trapped in a Tug-of-War

  

  The US Dollar found itself caught in a tug-of-war on Tuesday, fluctuating between gains and losses. Initially, the Greenback strengthened as President-elect Trump’s threat of imposing tariffs on key trading partners fueled uncertainty and boosted demand for the safe-haven currency. However, this bullish momentum was tempered by the release of …

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• 26 November 2024 9:29 pm

  US Stock Market Eyes Fresh Record as Wall Street Shrugs Off Trump’s Tariff Threat

  

  US stocks mostly shrugged off President-elect Donald Trump’s threat to impose fresh tariffs on China, Canada, and Mexico on Tuesday, showing resilience despite the potential trade tensions.Market PerformanceThe S&P 500 edged up roughly 0.4%, eyeing a record close, while the tech-heavy Nasdaq Composite jumped about 0.5%. The Dow Jones Industrial …

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• 26 November 2024 8:35 pm

  Gold Stabilizes After Ceasefire Hopes, Trump’s Tariff Threats

  

  Gold prices fluctuated on Tuesday, initially declining on news of a potential ceasefire deal between Israel and Hezbollah. However, the precious metal recovered some losses as U.S. President-elect announced plans to impose tariffs on Mexico and Canada.Ceasefire Hopes Weigh on Gold:A potential 60-day ceasefire deal between Israel and Hezbollah could …

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• 26 November 2024 7:22 pm

  Bitcoin’s Diamond Hands Weaken: A Sign of Impending Correction?

  

  Bitcoin’s long-term holders (LTHs), often hailed as the market’s steadfast bulls, have recently displayed an unexpected shift in behavior. These seasoned investors, who typically hold their coins for over 155 days, have begun to engage in significant profit-taking, a trend that could potentially signal an impending market correction. At the …

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• 26 November 2024 2:14 pm

  European Automakers Slip Amid Trade War Concerns Over Trump’s Tariff Threats

  

  European automaker shares faced a sharp decline on Tuesday as markets reacted to President-elect Donald Trump’s announcement of aggressive tariffs on imports from Canada, Mexico, and China. The prospect of a renewed global trade war reignited investor concerns, weighing heavily on the auto sector. Auto Sector Declines The European autos …

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• 26 November 2024 12:22 pm

  Bitcoin Retreats Below $95K Amid Trade Tariff Fears and Profit-Taking

  

  Bitcoin continued its pullback on Tuesday, retreating 3.6% to $94,567.1 by early morning trade as concerns over potential trade wars reignited risk aversion across global markets. Key Developments in the Bitcoin Market Tariff Threats Dampening SentimentPresident-elect Donald Trump’s announcement of steep import tariffs on China, Canada, and Mexico rattled broader …

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• 26 November 2024 11:24 am

  Gold Prices Edge Higher as Trump’s Tariff Threats Bolster Safe-Haven Demand Amid Mixed Market Dynamics

  

  Gold prices saw a modest uptick during Asian trading on Tuesday, driven by escalating geopolitical and trade concerns, though gains were capped by a stronger U.S. dollar and easing Middle Eastern tensions. Key Market Moves Spot gold increased by 0.1% to $2,628.69 an ounce. Gold futures (December) rose by 0.4% …

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• 26 November 2024 10:54 am

  OPEC+ and the Future of Oil Markets: Critical Decisions Await

  

  As OPEC+ prepares for its December 1 meeting, several pressing issues will dominate the agenda, including a potential delay in planned supply increases and the broader implications of current market dynamics. With weak global demand, a retreating U.S. dollar, and fading geopolitical tensions, the decisions made during this pivotal meeting …

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• 26 November 2024 1:45 am

  Market Drivers; US Session

  

  Market Focus Shifts to FOMC Minutes The US Dollar weakened at the start of the week as geopolitical tensions in the Middle East eased and investors anticipated the release of the Federal Open Market Committee (FOMC) minutes. The FOMC minutes, along with a slew of US economic data, including housing …

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• 26 November 2024 12:44 am

  Dow Jones Soars On Market Optimism Stirred By Bessent’s Nomination for Treasury Dept

  

  The Dow Jones Industrial Average (DJIA) surged to a new all-time high just below the 44,800 mark on Monday. This bullish movement in equity markets was driven by two significant factors: the anticipation of Scott Bessent as the new Treasury Secretary under President-elect Donald Trump, and the rumors of a …

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• 25 November 2024 11:41 pm

  What Do Global Markets Expect From Trump’s Pick for Treasury Secretary?

  

  Financial markets responded positively on Monday to President-elect Donald Trump’s nomination of hedge fund manager Scott Bessent as US Treasury Secretary. Currencies across the globe rallied, reflecting investor optimism that Bessent, founder of Key Square Group, could temper some of Trump’s more extreme economic views.Market ReactionsThe US Dollar Index (DXY), …

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• 25 November 2024 10:54 pm

  DXY Declines on Quiet Monday as Markets Await Catalysts

  

  The US Dollar Index (DXY) has retreated below the 107.00 mark after profit-taking following the sharp gains in the greenback earlier in November. The index is trading at 106.79. Despite the recent decline, the index remains bullish thanks to strong economic data and a less dovish stance from the Federal …

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