Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 5 December 2024 9:32 pm

  EUR/USD Gains Ground Amidst Mixed Economic Signals

  

  The EUR/USD currency pair surged on Thursday, driven by a combination of factors. A weaker-than-expected US jobs report and anticipation of the upcoming Nonfarm Payrolls data fueled the rally. However, political uncertainty in France and mixed Eurozone economic data tempered the Euro’s gains.US Economic Data and Fed OutlookThe US Department …

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• 5 December 2024 8:26 pm

  US Stocks Decline Amid Anticipation of NFP Report

  

  US stocks are declining due to the anticipation of jobs data, considered the most important on the economic calendar for the month, after initial indicators highlighted a slowdown in job growth and a rise in unemployment levels in the United States.The Dow Jones Industrial Average fell to 44,848 points, losing …

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• 5 December 2024 1:40 pm

  European Stocks Near One-Month Highs Amid French Political Developments

  

  European equities remained steady on Thursday, approaching one-month highs, as French markets absorbed the political upheaval following a no-confidence vote that ousted Prime Minister Michel Barnier’s government. Market Highlights STOXX 600: Rose 0.1%, marking its sixth consecutive session of gains. France’s CAC 40: Mirrored regional trends with a 0.1% uptick. …

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• 5 December 2024 1:23 pm

  Bitcoin Surges Past $100,000 on Optimism Over U.S. Regulations

  

  Bitcoin achieved a historic milestone on Thursday, surpassing the $100,000 mark amid growing optimism surrounding potential crypto-friendly policies under President-elect Donald Trump and favorable commentary from Federal Reserve Chair Jerome Powell. Market Highlights Bitcoin Price: Climbed 5.9% to a record high of $101,438.9 during Asian trading hours. Year-to-Date Performance: Bitcoin …

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• 5 December 2024 10:41 am

  Gold Prices Remain Flat Amid Strong Dollar and Improved Risk Appetite

  

  Gold prices showed limited movement in Asian trading on Thursday, as improved risk appetite and a strong U.S. dollar weighed on safe-haven demand despite political turbulence in France and South Korea. Market Performance Spot Gold: Fell slightly to $2,649.09 an ounce. Gold Futures (February): Declined 0.1% to $2,672.99 an ounce …

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• 5 December 2024 1:43 am

  French government’s collapse adds to already weak economy

  

  Economic Uncertainty, Political UnrestThe recent fall of the French government has further destabilized the country’s economy, which is already struggling with flat growth and a heavy debt load. Following a no-confidence vote in Parliament on Wednesday, Prime Minister Michel Barnier and his cabinet were removed, leaving the country without a …

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• 5 December 2024 12:03 am

  Oil Prices Slide Ahead of OPEC+ Decision

  

  Oil prices declined on Wednesday as investors braced for a likely extension of production cuts by the OPEC+ alliance. While a significant drawdown in U.S. crude inventories offered some upward pressure, the market’s attention remained firmly fixed on the upcoming OPEC+ meeting. The organization is expected to extend its production …

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• 4 December 2024 11:04 pm

  Despite cautious stance, Fed’s Powell suggests continuing policy normalization

  

  Jerome Powell, Chairman of the Federal Reserve Board of Governors, said on Wednesday that he feels comfortable with the current stance of monetary policy and where it currently is, stressing that the US economy has been performing very well recently.Powell added: “The institutional relationship between the Fed and the US …

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• 4 December 2024 10:03 pm

  Market Drivers, US Session

  

  Wednesday’s Recap and Thursday’s Outlook The US Dollar weakened on Wednesday as Treasury yields declined and Federal Reserve Chair Powell’s comments at the New York Times event did so little to provide significant market impact.Key Economic Events To Watch: • US: Balance of Trade, Initial Jobless Claims, Challenger Job Cuts, …

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• 4 December 2024 8:54 pm

  Gold Gains Ground Ahead of Powell’s Speech

  

  Gold prices experienced a modest uptick on Wednesday, buoyed by a combination of economic indicators and geopolitical tensions. The precious metal gained traction after the release of the ADP Employment Report, which showed a slower-than-anticipated pace of US private job growth in November. This suggests a potential slowdown in economic …

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• 4 December 2024 8:19 pm

  EUR/USD Gains Ground, But Bearish Outlook Persists

  

  The EUR/USD pair has managed to recover slightly, climbing to 1.0530 as buyers took advantage of recent declines. However, the overall technical picture remains bearish.Key factors influencing the pair’s direction:20-day SMA Resistance: The 20-day Simple Moving Average continues to act as a significant resistance level. Breaking above this level could …

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• 4 December 2024 7:33 pm

  Bitcoin Rebounds After South Korea Scare

  

  Bitcoin price has staged a recovery, trading above $96,000 on Wednesday, following a dip triggered by the declaration of martial law in South Korea. As the crisis quickly subsided, investor confidence returned, and BTC prices rebounded.Institutional Buying and Retail InterestOn-chain data reveals that institutional investors capitalized on the recent price …

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• 4 December 2024 4:17 pm

  Oil Prices Edge Higher Amid OPEC+ Supply Cuts and Geopolitical Tensions

  

  Oil prices firmed slightly on Wednesday as traders anticipated OPEC+ to extend voluntary production cuts, while ongoing geopolitical tensions provided additional support to the market. Market Performance Brent Crude Futures: Up 19 cents (0.26%) at $73.81 per barrel (0916 GMT). West Texas Intermediate (WTI) Crude: Gained 13 cents (0.19%) to …

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