Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 11 December 2024 12:47 pm

  European Markets Rebound in November Amid Style and Sector Shifts

  

  European markets made a recovery in November after initial selloffs following the US elections. However, with the exception of Momentum, factor performance remained subdued. Momentum Style Faces Headwinds Barclays strategists, led by Matthew Joyce, maintained a Neutral stance on Momentum in November, despite its strong post-election performance. This cautious approach …

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• 11 December 2024 3:21 am

  Market Drivers; US Session

  

  The US Dollar strengthened further on Wednesday, buoyed by rising interest rates and anticipation of the upcoming US CPI report. The Greenback’s strength was underpinned by rising Treasury yields, which reflected growing expectations for further interest rate hikes from the Federal Reserve. In the forex markets, the Euro weakened against …

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• 11 December 2024 1:33 am

  Gild prices retreat from recent highs ahead of CPI data

  

  Gold prices have seen a recent surge, reaching a two-week high driven by a combination of factors. Geopolitical tensions, trade war fears, and anticipated rate cuts by major central banks have boosted safe-haven demand for gold. However, rising US bond yields and a stronger US Dollar have capped the precious …

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• 11 December 2024 12:12 am

  Could CPI data force A Hawkish Turn for the Fed?

  

  The upcoming US Consumer Price Index (CPI) report, scheduled for release on Wednesday, December 11th, is poised to significantly influence the Federal Reserve’s (Fed) monetary policy decisions. While markets have been anticipating a 25 basis point rate cut in December, a higher-than-expected inflation reading could prompt the Fed to reconsider …

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• 10 December 2024 11:16 pm

  Dollar strengthens as inflation data looms

  

  The US Dollar Index (DXY) has exhibited remarkable strength, driven by a confluence of factors. A robust US economy, characterized by a resilient job market, strong consumer spending, and robust corporate earnings, has underpinned the dollar’s appeal. The Federal Reserve’s aggressive monetary tightening, including interest rate hikes and quantitative tightening, …

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• 10 December 2024 9:51 pm

  Australian Dollar Weakens After Interest Rate Hold

  

  The Australian dollar continued its decline, influenced by the interest rate decision announced by the Reserve Bank of Australia (RBA) in the early hours of Tuesday. The decision included keeping the interest rate unchanged at the December meeting of the Monetary Policy Committee.   The AUD/USD pair dropped to 0.6376 …

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• 10 December 2024 8:46 pm

  Stock Market on Hold as Investors Brace for Inflation Data

  

  The US stock market hung in a state of cautious optimism on Tuesday as investors awaited the release of the Consumer Price Index (CPI) data on Wednesday. This crucial economic indicator will provide valuable insights into the trajectory of inflation and, consequently, the Federal Reserve’s forthcoming interest rate decision.The market’s …

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• 10 December 2024 8:02 pm

  EUR/USD Weakens on ECB Dovish Bets, US Inflation in Focus

  

  EUR/USD pair declined to near 1.0520 on Tuesday as investors braced for key economic events, including the US inflation report and the ECB monetary policy meeting.ECB Expected to Cut RatesThe ECB is widely anticipated to reduce its Deposit Facility Rate by 25 basis points to 3% on Thursday. This would …

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• 10 December 2024 7:34 pm

  Treasury Yields Continue to Rise Amid Inflation Data Expectations

  

  Yields on 10-year US Treasury bonds, considered a benchmark for global borrowing costs, rose to 4.241% compared to the previous day’s close of 4.203%. The yields on these government bonds had dropped to a daily low of 4.187% and reached a high of 4.249% during the trading session.The increase was …

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• 10 December 2024 4:33 pm

  Dollar Rises as Market Awaits U.S. Inflation Data and Federal Reserve Policy Hints

  

  The U.S. dollar edged higher on Tuesday as investors anticipate inflation data that may guide the Federal Reserve’s monetary policy decisions. Meanwhile, global currency markets saw significant movement due to shifts in policy expectations and economic data across major economies. Highlights of Currency Movements U.S. Dollar Strength The dollar index …

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• 10 December 2024 3:39 pm

  Bitcoin Remains “Attractive” as Analysts Forecast $200,000 Target

  

  Bitcoin’s recent performance and robust demand from institutional players have cemented its appeal as an investment, with analysts at Bernstein maintaining a bullish 12-month price target of $200,000. Despite experiencing its first leverage-driven pullback after breaching $100,000, Bitcoin remains an appealing prospect for medium-term investors. Key Insights Market Dynamics and …

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• 10 December 2024 2:11 pm

  South Korea Passes Controversial Budget Bill Amid Political Turmoil

  

  South Korea’s parliament, controlled by the opposition Democratic Party, approved a reduced government budget for 2025, intensifying tensions with President Yoon Suk Yeol’s administration. The unprecedented move sparked debates over economic and governance implications in Asia’s fourth-largest economy. Key Developments The 673.3 trillion won ($470.60 billion) budget was approved by …

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• 10 December 2024 1:36 pm

  European Markets Edge Lower as China Trade Concerns and U.S. Inflation Data Take Center Stage

  

  European stock markets opened in the red on Tuesday as weak trade data from China dampened the momentum created by recent stimulus pledges. Investors are now turning their attention to upcoming U.S. inflation data, which could influence monetary policy decisions. Market Performance STOXX 600 index fell 0.2% to 520.02 by …

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