Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 2 December 2024 12:18 pm

  Oil Prices Gain on Strong China Data and Middle East Tensions

  

  Oil prices advanced on Monday, driven by optimism over robust factory activity in China and renewed geopolitical tensions in the Middle East. However, concerns over potential oversupply in 2025 continued to cap gains. Market Movement Brent crude: Rose 57 cents (0.79%) to $72.41 per barrel by 0700 GMT. West Texas …

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• 2 December 2024 11:23 am

  Bitcoin Steadies Below $100K Amid Policy Uncertainty; XRP Surges on SEC Speculation

  

  Bitcoin began the week trading in a tight range, hovering just below the psychological $100,000 mark. The cryptocurrency market was influenced by optimism surrounding potential pro-crypto policies under the incoming Trump administration, while XRP saw a significant surge on speculation of favorable regulatory developments. Bitcoin Maintains Range Near All-Time Highs …

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• 2 December 2024 11:06 am

  Gold Prices Slip Amid Stronger Dollar and Trump’s Tariff Threats

  

  Gold prices declined in Asian trading on Monday, weighed down by a resurgent dollar following U.S. President-elect Donald Trump’s announcement of steep potential tariffs targeting the BRICS nations. While geopolitical tensions provided some haven demand, they were not sufficient to counteract the bearish pressures from currency markets. Gold Under Pressure …

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• 2 December 2024 1:59 am

  Weekly Recap: FOMC Minutes, Eurozone Inflation Weighed on Market Action

  

  Gold prices edged up on Friday, lifted by a weakening dollar and ongoing geopolitical tensions. However, the gains were not enough to offset a sharp decline earlier in the week, leaving gold on track for its worst monthly performance since September 2023. The price increase came despite a broader rise …

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November, 2024

• 30 November 2024 3:14 am

  Record-Breaking November Caps Strong Year for US Stocks

  

  November 2024 was a month to remember for US stock market investors. The Dow Jones Industrial Average and the S&P 500 both closed at record highs, marking a significant milestone in the ongoing bull market. This strong performance was driven by a combination of factors, including robust corporate earnings, optimistic …

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• 30 November 2024 2:44 am

  Gold Spikes Amid Tensions, But Can It Sustain the Rally?

  

  Gold prices have surged in recent weeks, fueled by escalating geopolitical tensions and concerns about global economic stability. As the Russia-Ukraine conflict continues to escalate and the Middle East remains a volatile region, investors have sought refuge in gold, driving its price to levels not seen in years. A Perfect …

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• 29 November 2024 11:37 pm

  Will Trump’s Potential SEC Chair Pick Change Future of Crypto Regulation?

  

  President-elect Donald Trump is expected to select a new chair for the U.S. Securities and Exchange Commission (SEC) soon. Among the top contenders is current SEC Commissioner Mark Uyeda, who has outlined a plan to position the U.S. as a global leader in cryptocurrency. This article explores Uyeda’s proposed strategies …

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• 29 November 2024 10:23 pm

  Crypto Market Update: Bitcoin Surges, Altcoins Lag

  

  Bitcoin Dominance GrowsBitcoin (BTC) continued its upward trajectory, surpassing the $97,000 mark. This surge in BTC’s price has led to increased Bitcoin dominance, indicating a shift in investor preference towards the leading cryptocurrency. As a result, many altcoins have seen their prices decline relative to Bitcoin.Impact of the Tornado Cash …

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• 29 November 2024 9:19 pm

  US Dollar Stabilizes After Early Friday Weakness

  

  The US Dollar Index (DXY) recovered from early Friday lows, trading near the 106.00 level. The index had dipped below this level as US markets opened on Black Friday after a holiday-shortened week.Key Factors Influencing the DXY:Hawkish Fed Stance: The Federal Reserve’s continued hawkish stance, signaling potential future rate hikes, …

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• 29 November 2024 7:36 pm

  Gold Shines Amidst Geopolitical Turmoil, Economic Uncertainty

  

  Gold prices have surged in recent weeks, driven by a confluence of factors including escalating geopolitical tensions, economic uncertainty, and a weakening US dollar. As investors seek safe-haven assets, gold has emerged as a preferred choice, reinforcing its traditional role as a hedge against inflation and market volatility.Geopolitical Tensions Fuel …

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• 29 November 2024 4:58 pm

  Oil Prices Decline as Supply Concerns Ease and 2025 Outlook Weighs on Market Sentiment

  

  Oil prices slid on Friday, marking a weekly drop of over 3%, as the easing of geopolitical tensions and expectations of increased supply in 2025 overshadowed ongoing production cuts by OPEC+. The market continues to grapple with mixed signals, balancing near-term output restrictions with forecasts of a supply surplus in …

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• 29 November 2024 12:43 pm

  German Retail Sales Decline Sharply in October, Surpassing Expectations

  

  German retail sales contracted by a larger-than-anticipated margin in October, highlighting ongoing consumer uncertainty amid challenging economic conditions. Monthly sales fell by 1.5%, significantly exceeding the 0.3% decline predicted by analysts polled by Reuters, according to data released on Friday by the German Federal Statistical Office. Mixed Sector Performance The …

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• 29 November 2024 11:29 am

  Gold Prices Rally on Weak Dollar and Geopolitical Tensions

  

  Gold prices edged higher in Asian trade on Friday, driven by a weaker dollar and heightened geopolitical tensions, as traders positioned themselves ahead of a potential December interest rate cut by the Federal Reserve. The precious metal, often viewed as a safe haven, regained some of the ground lost earlier …

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