Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 22 November 2024 7:08 pm

  Oil Markets Eying Weekly Gains Following PMI Data

  

  Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US dollar and positive economic indicators from the United States. The US Dollar Index hit a two-year high, benefiting from the weaker Eurozone economy and strong US economic data.The geopolitical tensions between Russia and Ukraine continue …

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• 22 November 2024 4:05 pm

  Gold Prices Poised for Growth in 2025 Amid Economic and Geopolitical Tailwinds

  

  Analysts at UBS forecast sustained upward momentum in gold prices throughout 2025, driven by a combination of declining global interest rates and persistent geopolitical risks. These factors reinforce gold’s status as a reliable safe-haven asset while aligning with favorable macroeconomic trends. Key Drivers for Gold’s Rally Lower Interest Rates Central …

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• 22 November 2024 2:16 pm

  European Equity Markets Rise Amid Heightened Geopolitical Tensions

  

  European stock markets opened higher on Friday as investors kept a close eye on escalating conflict between Russia and Ukraine and assessed Germany’s downwardly revised economic growth figures for Q3. Market Overview Germany’s DAX: Up 0.6% France’s CAC 40: Up 0.5% UK’s FTSE 100: Up 0.7% Geopolitical Escalation: Russia-Ukraine Conflict …

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• 22 November 2024 1:15 pm

  Euro Zone Business Activity Slumps Amid Manufacturing and Services Declines

  

  Euro zone business activity suffered an unexpected and sharp downturn in November, as the region’s services sector joined manufacturing in contraction. HCOB’s composite Purchasing Managers’ Index (PMI) for the euro zone, compiled by S&P Global, plummeted to a 10-month low of 48.1, well below the 50 threshold that delineates expansion …

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• 22 November 2024 11:31 am

  Bitcoin Nears $100K Milestone Amid Optimism Over Trump-Era Crypto Policies

  

  Bitcoin surged on Friday, reaching new heights as optimism surrounding friendlier U.S. regulations and a surge in options trading activity fueled the cryptocurrency’s rally. The world’s largest crypto asset climbed 1.9% to $98,870.4 by 06:17 GMT, with an intraday high of $99,289.3. This marks a weekly gain of 9.1%, propelling …

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• 22 November 2024 11:29 am

  Gold Poised for Biggest Weekly Gain in Eight Months Amid Escalating Tensions

  

  Gold maintained its upward momentum on Friday, setting the stage for its largest weekly gain in nearly eight months. The precious metal’s appeal as a safe haven surged amid heightened geopolitical tensions, as Russia lowered its nuclear weapon usage threshold and launched a hypersonic missile at Ukraine. Spot gold remained …

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• 22 November 2024 2:46 am

  Bitcoin’s Bullish Run: A New Era Dawns

  

  Bitcoin, the world’s pioneering cryptocurrency, continues its relentless ascent, nearing the historic $100,000 mark. This unprecedented surge, which began just weeks ago, has propelled the digital asset to new heights, captivating investors and industry experts alike.The timing of this bullish run is no coincidence. It coincides with the election of …

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• 22 November 2024 1:08 am

  Gold Prices Soar Amid Geopolitical Tensions

  

  Gold prices have surged for the fourth consecutive day, surpassing the 50-day Simple Moving Average (SMA) of $2,660 due to global unrest and reports of Russia’s potential Inter-Continental Ballistic Missile (ICBM) launch. The US economic data suggests a strong jobs market, with the XAU/USD trading at $2,672 at weekly highs, …

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• 22 November 2024 12:16 am

  Market Drivers; US Session

  

  Market Focus Shifts to Japan and Global PMIsThe US Dollar continued its upward trend, reaching new 2024 highs. This was driven by a combination of factors, including a weakening risk appetite and ongoing geopolitical tensions.Key Events on Friday, November 22nd:• US: Flash S&P Global Manufacturing and Services PMIs, final Michigan …

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• 21 November 2024 11:05 pm

  Dow climbs as US dollar softens

  

  The Dow Jones Industrial Average closed sharply higher on Thursday, surging over 600 points. This significant gain marks a rebound from a recent market pullback and reflects renewed investor optimism. Key factors driving the rally include a robust job market, as evidenced by the decline in weekly jobless claims, and …

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• 21 November 2024 9:41 pm

  US Dollar Steadies Following Jobless Jobless Claims as Fed Hints at Easing

  

  The US Dollar traded flat on Thursday, hovering around 106.50 on the DXY index. This comes after New York Fed President John Williams suggested that inflation is cooling, potentially paving the way for a future interest rate cut.Key Market Movers:Jobless Claims: Weekly jobless claims came in lower than expected, but …

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• 21 November 2024 8:28 pm

  Explainer: Fed’s slower pace easing may disappoint borrowers

  

  The Federal Reserve’s once straightforward path towards interest rate cuts has taken a more winding route. While expectations were high for multiple rate reductions in 2024, recent economic developments and policy shifts have led to a more cautious stance from the central bank. A Cautious ToneFed Chair Jerome Powell has …

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• 21 November 2024 7:34 pm

  Fed’s Goolsbee Sees Delaying rate cuts would make sense

  

  In response to inflation that is reportedly approaching the Fed’s 2% objective, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee spoke to newswires on Thursday about the future pace of Fed rate decreases. Key QuotesInflation is on its way down to 2%.The labor market is close to stable, full …

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