Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 13 November 2024 3:57 pm

  Oil Prices Hover Near Two-Week Lows Amid Demand Concerns and OPEC Downgrade

  

  Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, …

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• 13 November 2024 3:04 pm

  U.S. Stock Index Futures Decline Ahead of Key Inflation Data Release

  

  U.S. stock index futures experienced slight declines on Wednesday morning as the market rally following the election took a pause, with investors shifting their attention to the upcoming U.S. inflation data. As of 05:45 ET (10:45 GMT), Dow Jones Futures were down 55 points, or 0.1%, S&P 500 Futures slipped …

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• 13 November 2024 2:13 pm

  U.S. Dollar Hits 6-Month High Amid Trump Trade Expectations and Inflation Data Focus

  

  The U.S. dollar continued to strengthen on Wednesday, reaching a new six-and-a-half-month high against a basket of major currencies. This rally has been propelled by anticipation of economic policies from President-elect Donald Trump, including lower taxes, increased tariffs, and deregulation, all of which are expected to fuel inflation and possibly …

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• 13 November 2024 12:49 pm

  European Stock Markets Steady Amid Focus on U.S. Inflation Data

  

  European stock indices showed mixed but subdued movement on Wednesday, as investors awaited key U.S. inflation data. The DAX index in Germany remained relatively unchanged, France’s CAC 40 slipped by 0.2%, and London’s FTSE 100 saw a slight uptick of 0.1%. U.S. Inflation in Focus for Global Investors With little …

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• 13 November 2024 11:59 am

  Gold Prices Recover as Focus Turns to U.S. Inflation Data

  

  Gold prices edged higher in Asian trading on Wednesday, gaining 0.5% to reach $2,609.90 an ounce after recent declines driven by a strong U.S. dollar in the wake of Donald Trump’s re-election. Gold futures, however, dipped 0.4% to $2,615.70 an ounce as of early trading. The yellow metal’s recovery comes …

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• 13 November 2024 2:21 am

  Market Drivers; US Session

  

  Dollar Strengthens Ahead of Key Data The US Dollar extended its rally on Wednesday, reaching a six-month high as investors remained optimistic about the “Trump trade.” The upcoming release of crucial US economic data, particularly the Inflation Rate, is set to be a major market mover. Key Developments:US Dollar Index …

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• 13 November 2024 12:58 am

  XAU/USD Declines on Soaring Dollar Ahead of Inflation Data

  

  Gold prices have experienced a sharp decline, falling below the crucial $2,600 level, as the US Dollar strengthens and Treasury yields rise. This downward trend is primarily driven by a combination of factors, including a less dovish Federal Reserve, escalating geopolitical tensions, and a shift in investor sentiment.A Strengthening Dollar …

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• 12 November 2024 11:49 pm

  EUR/USD Plummets to One-Year Low

  

  The Euro has continued its downward spiral against the US Dollar, breaching the 1.06 level on Tuesday. This marks a significant decline for the currency pair, which has been under pressure for several weeks.Why is the pair declining?Several factors are contributing to the Euro’s weakness:US Economic Strength: The US economy …

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• 12 November 2024 10:57 pm

  GBP/USD Plunges Amidst Economic Woes and Dollar Strength

  

  The GBP/USD currency pair experienced a sharp decline on Tuesday, shedding nearly 1% of its value. This significant downward movement was primarily driven by a confluence of factors, including a strengthening US dollar, rising UK unemployment rates, and lingering concerns about the UK’s economic outlook.The GBP/USD pair is facing significant …

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• 12 November 2024 10:14 pm

  Crude Oil Struggles Amid Bearish Market Sentiment

  

  Crude Oil prices have faced downward pressure due to a combination of factors, including increased supply and weakening global demand. Despite a brief rebound, the overall market sentiment remains bearish.Key Factors Impacting Oil Prices:OPEC’s Supply Outlook: The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand …

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• 12 November 2024 9:06 pm

  Dow Jones Pauses After Election Rally As Focus Shifts To Inflation Data

  

  The Dow Jones Industrial Average (DJIA) took a breather on Tuesday, retreating slightly from its recent post-election rally. Despite the minor pullback, the index remains firmly above the 44,000 level, indicating a strong bullish sentiment among investors.The Dow Jones Industrial Average’s recent pause reflects a natural market correction after a …

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• 12 November 2024 7:23 pm

  Fed’s Kashkari: Can’t declare victory on inflation, but have reasons to be confident

  

  Federal Reserve Bank of Minneapolis President Neel Kashkari noted on Tuesday that while the Fed has many reasons to feel confident about its long-running battle with transitory inflation, it still may be too soon to declare outright victory. Key US Consumer Price Index (CPI) figures expected in the midweek are …

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• 12 November 2024 4:33 pm

  German Investor Morale Dips Amid Political and Global Uncertainty

  

  Investor confidence in Germany took a notable hit in November, clouded by the combined impact of domestic political turmoil and global economic uncertainties stemming from Donald Trump’s re-election as U.S. president. The ZEW Institute reported a substantial decline in its economic sentiment index, which dropped to 7.4 points from 13.1 …

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