Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2023

• 27 December 2023 3:33 pm

  Dollar Hits 5-Month Low

  

  The dollar faced a decline on Wednesday, reaching its lowest level in five months, while the euro touched a four-month high. Market sentiment was driven by expectations of an imminent interest rate cut by the Federal Reserve. However, limited trading volume at the close of the year contributed to subdued …

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• 27 December 2023 2:09 pm

  European Shares Inch Up on Positive Chinese Data and Wall Street Optimism

  

  European shares experienced a modest increase on Wednesday, driven by a rise in mining shares fueled by strong Chinese data. Additionally, technology stocks received a boost from Wall Street’s optimistic outlook, fueled by expectations that the Federal Reserve might initiate interest rate cuts in March. Market Overview:The European STOXX 600 …

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• 27 December 2023 1:02 pm

  Oil stabilizes and all eyes are on developments in the Red Sea

  

  Oil prices maintained stability on December 27 as investors closely monitored developments in the Red Sea, where major shipping companies resumed transit despite ongoing attacks and heightened tension in the Middle East. Brent crude futures experienced a slight dip of 0.1%, falling 5 cents to $81.02 per barrel, while US …

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• 27 December 2023 12:51 am

  Oil climbs amid Red Sea attacks, Fed’s rate cut expectations

  

  Tuesday saw a more than 2% increase in oil prices, reaching their highest point since December 1. Concerns about potential interruptions to oil shipments were raised by recent attacks on ships in the Red Sea.Expected Fed interest rate reduction, which might spur economic growth and increase demand for energy, also …

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• 26 December 2023 10:21 pm

  Gold’s momentum benefits from softer US dollar

  

  The thin holiday trading volumes will likely make gold price range questionable. But, generally speaking, the weakness of the US dollar continues to support the strong upward rebound of the gold price, with it holding on to the psychological resistance level of $2,000 per ounce. It seems that the gold …

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• 26 December 2023 8:04 pm

  Stocks kick off slightly higher in last week of 2023

  

  US stocks opened higher on Tuesday to start the last week of the year, as traders aimed to end 2023 on a strong note. The S&P 500 climbed 0.3%, and the Nasdaq Composite advanced 0.4%. The Dow Jones Industrial Average gained 100 points, or about 0.3%. Intel rose nearly 3% …

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• 26 December 2023 4:10 pm

  Russian Finance Minister: The budget deficit will reach about 1.5% of GDP in 2023

  

  :Russian Finance Minister Anton Siluanov recently announced on state television that the projected budget deficit for 2023 is set to reach approximately 2.9 trillion rubles, equivalent to $31.6 billion, or about 1.5% of the country’s Gross Domestic Product (GDP). Siluanov highlighted that both expenditures and revenues exceeded initial expectations, attributing …

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• 26 December 2023 1:33 pm

  Dollar fluctuates in weak trading and Yen stabilizes

  

  Amid the Christmas holiday, the dollar grapples with consolidation efforts against a backdrop of weakened trading. Signals of declining inflation in the largest economy, the United States, contribute to the dollar’s challenges, offering the Federal Reserve room for potential interest rate cuts in the upcoming year. Concurrently, the yen maintains …

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• 26 December 2023 12:32 pm

  Oil stabilizes, eyes are on the Middle East and US interest rate cuts

  

  Oil prices experienced a subtle shift on Tuesday, with investor attention split between heightened geopolitical tensions in the Middle East and the optimism surrounding potential interest rate cuts by the US Federal Reserve. These factors contribute to a delicate equilibrium, impacting global economic growth and influencing oil demand. Market Dynamics: …

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• 26 December 2023 10:50 am

  Gold rises amid bets on lowering US interest rates

  

  Gold prices rose on Tuesday during weak trading due to the Christmas holiday and in light of the decline in the dollar and bond yields due to growing expectations that the Federal Reserve (the US central bank) will cut interest rates in March. Gold in instant transactions rose 0.5 percent …

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• 26 December 2023 1:14 am

  Will ETH, BTC Register New Highs This Year?

  

  As the volatile 2023 concludes, the Ethereum market price recovers remarkably, forming an ascending triangle pattern in the weekly chart. Buyers are attempting a bullish breakout fueled by the recent October rally of 2023. If buyers manage to cross the Ethereum market value above $2200, the bull run continuation can …

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• 25 December 2023 11:17 pm

  Gold price declines from $2070 highs amid market holidays

  

  After touching the pre-holiday highs at $2070, gold retreats to around $2053 per ounce. Gold is being pressured higher by growing investor wagers on looming quicker, more frequent Fed rate cuts in the new year. US inflation is still down, and Treasury yields are easing as risk appetite surges.On Friday, …

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• 25 December 2023 9:02 pm

  How have US stocks performed amid Santa rally’s onset?

  

  After five straight record closing, US stocks saw a slight decline; however, all three major US indexes ended the day down. Wall Street was expecting the Santa Rally to push markets to new heights as they finish 2023 on a high note. With a 24% increase so far this year, …

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