Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 11 September 2024 3:24 pm

  Oil Prices Rebound Over 1% Amid U.S. Output Concerns and Inventory Drop

  

  Oil prices rose over 1% on Wednesday, recovering some losses from the previous day, as a significant drop in U.S. crude inventories and concerns about Hurricane Francine disrupting output outweighed worries about weak global demand. Brent crude futures increased by $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, …

  Read More »
• 11 September 2024 1:00 pm

  Dollar Hits Year-Low Against Yen as Harris Gains Edge in Presidential Race

  

  The U.S. dollar dropped to its lowest level against the yen this year on Wednesday, after investors boosted the chances of Kamala Harris winning the upcoming U.S. presidential election following a key debate against rival Donald Trump. The dollar fell as much as 1.24% to 140.71 yen, a level last …

  Read More »
• 11 September 2024 11:45 am

  European Shares Climb as Oil and Gas Sectors Lead Gains Ahead of U.S. Inflation Data

  

  European shares opened higher on Wednesday, supported by strong performances in the oil, gas, and basic resources sectors. Investors are closely watching for the upcoming U.S. inflation report, which could provide insight into the Federal Reserve’s potential interest rate moves next week. The pan-European STOXX 600 index rose by 0.3% …

  Read More »
• 11 September 2024 10:54 am

  Bitcoin Falls Amid Heated Presidential Debate, Crypto Markets Weigh Uncertainty

  

  Bitcoin’s price dropped on Wednesday, following a broader sell-off in risk assets as the contentious U.S. presidential debate increased concerns about the upcoming 2024 election. The cryptocurrency slipped 1.2%, reaching $56,258.6 by 05:58 GMT, while the broader crypto market also saw declines. Bitcoin turned negative after the conclusion of the …

  Read More »
• 11 September 2024 10:28 am

  Oil Prices Rebound Amid Hurricane Concerns, Despite Weak Demand Outlook

  

  Oil prices rose on Wednesday, recovering some of the sharp losses from the previous day, as concerns over Hurricane Francine disrupting U.S. output offset ongoing fears of weak global demand. By 04:30 GMT, Brent crude futures had gained 34 cents, or 0.5%, reaching $69.53 a barrel, while U.S. West Texas …

  Read More »
• 11 September 2024 10:08 am

  Gold Prices Near Record Highs Amid Election Uncertainty and Inflation Data Anticipation

  

  Gold prices edged higher in Asian trading on Wednesday, nearing record levels as uncertainty surrounding the 2024 U.S. presidential elections intensified after a heated debate between candidates Kamala Harris and Donald Trump. Investors also shifted focus to a crucial U.S. inflation report, pushing demand for safe-haven assets like gold and …

  Read More »
• 11 September 2024 9:34 am

  Asian Stocks Fall Amid U.S. Presidential Race Uncertainty and Trade Tensions

  

  Asian stocks largely declined on Wednesday, driven by uncertainties surrounding the U.S. presidential race and growing concerns over trade tensions. Chinese markets took a particularly sharp hit, with the Shanghai Composite and Shanghai Shenzhen CSI 300 indexes falling 0.8% and 0.2%, respectively, reaching seven-month lows. Hong Kong’s Hang Seng index …

  Read More »
• 11 September 2024 3:25 am

  Market Drivers; US Session, September 10

  

  Markets Await Key US Data, Central Bank DecisionThe US dollar maintained its upward trajectory on Tuesday, although its momentum appeared to be slowing as investors cautiously awaited the release of crucial US economic data. The US Dollar Index (DXY) remained near the upper end of its trading range, hovering around …

  Read More »
• 11 September 2024 2:01 am

  XAU/USD Surges As Traders Eye US Inflation Data

  

  Gold prices experienced a surge on Tuesday as investors eagerly awaited the release of crucial US economic data and the first presidential debate in the course of the 2024’s US elections. The precious metal gained momentum as the US dollar weakened and Treasury yields declined, reflecting market expectations for a …

  Read More »
• 11 September 2024 12:53 am

  Stock Market Turbulence: Investors Brace for Key Events

  

  Mixed Market Performance: Investors are regrouping after a tumultuous few days in the markets. With a pivotal moment in the presidential campaign and the release of a key economic indicator just hours away, stocks were mixed, and oil prices fell to their lowest levels since December 2021.Political and Economic InfluencesTuesday …

  Read More »
• 10 September 2024 11:45 pm

  Why China’s Economic Tempest Globally Matters

  

  Navigating the Challenges and Risks: The economic storm brewing within China’s borders threatens to unleash a global tempest of unprecedented proportions. Once a symbol of rapid economic growth and development, China is now grappling with a complex web of challenges that could have far-reaching consequences. The country’s debt-laden property market, …

  Read More »
• 10 September 2024 10:00 pm

  Dollar rallies Ahead of Presidential Debate

  

  The US Dollar is currently experiencing a 0.31% surge, at the 101.641mark, gaining strength ahead of the highly anticipated presidential debate. This upward trend continues despite the Federal Reserve’s persistent dovish stance on monetary policy. While the debate’s outcome could significantly influence the USD’s trajectory, analysts remain cautious, anticipating potential …

  Read More »
• 10 September 2024 8:50 pm

  What is Behind Recent Sharp Declines in Oil Price

  

  On Friday, Brent finished at its lowest level since December 2021, down to $70.6 per barrel—its lowest level since March 2023. WTI dropped to $67.2, a 14-month low. Brent saw a weekly loss of about 10%, which was made worse by the contract rollover at the beginning of the month. …

  Read More »