Crude oil prices have recently seen a surge, pushing crude oil futures above the $70 per barrel mark. While this upward trend is fueled by factors like OPEC+ production cuts and geopolitical tensions, a closer look reveals a more complex picture. The recent rally in oil prices is a testament …
Read More »Bitcoin Sinks Below $90K Amid Fed Uncertainty; Cloudflare Outage Adds to Market Strain
Bitcoin slid to its lowest level in nearly seven months on Tuesday, briefly breaching the $90,000 th…
Wall Street Extends Losses as Nvidia Earnings, Delayed Jobs Data Keep Risk Appetite in Check
U.S. equities fell Tuesday, deepening November’s pullback as investors trimmed exposure to mega-cap …
U.S. Factory Orders Rebound in August, but Core Capex Softer Than First Estimated
U.S. new orders for manufactured goods rose in August, snapping the prior month’s decline, though a …
Dollar dips as dovish Fed comments weigh; euro steadies, yen firms on rising JGB yields
The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Gov…
Oil slips as Russian exports resume; traders eye sanctions drag and 2026 surplus
Crude prices fell nearly 1% on Tuesday after Russia’s Novorossiysk port resumed loadings, easing imm…
Bitcoin sinks below $90,000 as Fed uncertainty and data backlog sap risk appetite
Bitcoin slid to its lowest level in nearly seven months on Tuesday, breaking below the $90,000 handl…
European shares slump as AI valuation jitters deepen; Nvidia in focus, oil eases as Russian exports resume
European equities fell sharply, mirroring Wall Street’s tech-led selloff as investors questioned the…
Gold slips as dollar firms; markets eye delayed U.S. payrolls
Gold extended losses in Asian trading, pressured by a firmer U.S. dollar as traders pared back expec…
U.S. Stocks Rise on Strength in Chipmakers and AI Shares
U.S. equity markets opened the week higher, supported by strong performance in technology stocks, pa…
Canada inflation slows to 2.2% in October as gasoline, food and mortgage costs ease
Canada’s annual inflation cooled to 2.2% in October, helped by cheaper gasoline, slower grocery infl…
Market Analysis
December, 2024
-
13 December 2024 3:13 pm
U.S. Futures Rise as Broadcom’s AI Outlook Lifts Sentiment, Fed Meeting in Focus
U.S. stock index futures edged higher on Friday, recovering from the previous session’s losses on Wall Street. Investors turned their attention to strong guidance from chipmaker Broadcom and the Federal Reserve’s upcoming policy meeting, set to shape the outlook for interest rates as the year closes. As of 05:50 ET …
Read More » -
13 December 2024 2:10 pm
European Stocks Decline as Investors Weigh Economic and Policy Uncertainties
European stock markets edged lower on Friday, poised to end a three-week winning streak as investors sought clarity on the euro zone’s monetary easing trajectory and grappled with concerns about slowing economic growth and rising geopolitical risks. The pan-European STOXX 600 index dipped 0.1%, setting it up for a 0.3% …
Read More » -
13 December 2024 1:15 pm
UK Economy Contracts for Second Consecutive Month Amid Budget Transition
The UK economy shrank for the second month in a row in October, marking the first back-to-back declines in economic output since the early days of the COVID-19 pandemic. Gross domestic product (GDP) fell by 0.1% in October, mirroring the contraction seen in September, according to data from the Office …
Read More » -
13 December 2024 12:27 pm
Asian Markets Tumble as Stimulus Disappoints and Fed Decision Looms
Asian equities faced a broad sell-off on Friday, mirroring Wall Street’s overnight losses, as investors braced for a pivotal U.S. Federal Reserve meeting next week. The Chinese markets led the region’s declines, weighed down by underwhelming policy signals from a closely watched legislative gathering. U.S. stock indexes closed in the …
Read More » -
13 December 2024 11:23 am
Bitcoin Declines Ahead of Fed Rate Decision; ETFs See Continued Inflows
Bitcoin retreated slightly on Friday, easing from recent highs as traders became cautious ahead of the Federal Reserve’s upcoming interest rate decision. Despite a rally spurred by President-elect Donald Trump’s pro-crypto remarks, the lack of concrete policy cues limited further momentum. Key Bitcoin Market Updates Price Movement: Bitcoin fell 0.7% …
Read More » -
13 December 2024 11:22 am
Gold Prices Steady Amid Dollar Strength and Fed Meeting Anticipation
Gold prices stabilized during Friday’s Asian trading session after experiencing significant losses the previous day. A stronger U.S. dollar, fueled by expectations surrounding next week’s Federal Reserve meeting, weighed on the yellow metal. However, gold retained most of its weekly gains, supported by heightened geopolitical tensions in the Middle East …
Read More » -
13 December 2024 1:55 am
Canada ponders taxes on oil and uranium exports to counter Trump’s probable trade war
Canada is considering export taxes on major commodities it exports to the US, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he pledged, per Bloomberg. Retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most likely, with export levies also on …
Read More » -
13 December 2024 12:59 am
Oil Markets Stumble as Supply Concerns Overshadow Demand Hopes
Oil prices retreated this week, unable to sustain the momentum from the previous day’s rally. A confluence of factors, including a downward revision to global oil demand forecasts by OPEC, a strengthening US Dollar, and ample supply prospects, weighed on market sentiment. The Organization of the Petroleum Exporting Countries (OPEC) …
Read More » -
12 December 2024 11:25 pm
The US dollar strengthens as ECB President Lagarde suggests further rate cuts.
After European Central Bank (ECB) President Christine Lagarde acknowledged discussions of a potential 50 basis point (bps) interest rate cut, the US Dollar Index (DXY), which compares the value of the USD to a basket of currencies, increased toward 106.70 on Thursday. This comes after the ECB decided to lower …
Read More » -
12 December 2024 10:21 pm
After PPI Data, Dow Jones Pauses Amidst Sticky Inflation
The Dow Jones Industrial Average (DJIA) has recently encountered a roadblock in its upward trajectory, as investors grapple with persistent inflationary pressures. The latest US Producer Price Index (PPI) data, which came in hotter than expected, has ignited concerns about the Federal Reserve’s (Fed) ability to swiftly return inflation to …
Read More » -
12 December 2024 9:40 pm
Gold’s Uncertain Path: A Tug-of-War Between Rate Cuts and Inflation
Gold prices experienced a downturn this week, shedding over 1% as investors grappled with conflicting economic signals from the United States. While a softer-than-expected jobs report pointed towards a potential easing of monetary policy, a surprising uptick in producer prices raised concerns about persistent inflationary pressures.The Fed’s Tightrope WalkMarket participants …
Read More » -
12 December 2024 8:41 pm
China seeks other strong trade relations to counter existing tensions with America, EU China’s economic recovery is a delicate balancing act, as the nation navigates a complex geopolitical landscape. The once-booming economy, a cornerstone of global growth, now faces a myriad of challenges, from escalating trade tensions with the West …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations