Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2025

• 8 January 2025 11:04 am

  Bitcoin Extends Losses Amid Rate Concerns, Wiping Out Recent Gains

  

  Bitcoin continued its downward trajectory on Wednesday, erasing the entirety of its recent rebound as concerns over slower-than-expected interest rate cuts in 2025 rattled risk-driven assets. After briefly surpassing the $100,000 mark during a recovery from a late-December slump, the world’s largest cryptocurrency saw sharp losses on Tuesday and Wednesday. …

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• 8 January 2025 12:37 am

  ISM Data Fueling Interest Rate-linked Fears Accounts For Stock Market Downturn

  

  US stocks experienced slid on Tuesday, with the S&P 500 and Nasdaq Composite falling significantly. This downturn follows a period of sustained market strength and was primarily driven by stronger-than-expected economic data that dampened expectations of imminent Federal Reserve interest rate cuts.The S&P 500 declined 1.2%, while the Dow Jones …

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• 7 January 2025 11:30 pm

  Canadian Dollar Faces Headwinds Amid Political Turmoil

  

  The Canadian Dollar (CAD) has halted its recent bullish recovery, halting on the charts and cycling familiar levels against the Greenback. The Loonie has recovered some ground after tumbling to multi-year highs at the tail-end of 2024, but bullish momentum remains elusive. Canada’s Ivey Purchasing Managers Index (PMI) figures disappointed …

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• 7 January 2025 10:39 pm

  Strong Jobs and Services Data Lift US Dollar to Fresh Heights

  

  The US Dollar Index (DXY) staged a comeback on Tuesday, erasing earlier losses and trading higher. This resurgence was primarily fueled by a confluence of factors, with the Federal Reserve’s hawkish stance playing a pivotal role. The Fed’s recent shift towards a more restrictive monetary policy has propelled US Treasury …

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• 7 January 2025 9:28 pm

  US Service Sector Gains Momentum, Price Pressures Intensify

  

  The US service sector demonstrated robust growth in December, with the ISM Services PMI climbing to 54.1, indicating expansion. However, this growth was accompanied by a significant jump in service prices, reaching the highest level since early 2023. This surge in prices, driven by strong demand and increased input costs, …

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• 7 January 2025 7:27 pm

  Dogecoin Traders Bet Big as Macron Targets Musk

  

  Dogecoin (DOGE) prices remain subdued, trading below $0.40 despite recent bullish momentum. This consolidation follows accusations leveled against Elon Musk by French President Emmanuel Macron regarding alleged interference in German elections. While Musk’s influence on the cryptocurrency market, particularly Dogecoin, is undeniable, traders appear undeterred. On Tuesday, the coin lost …

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• 7 January 2025 7:20 pm

  Could JOLTs Data Impact Gold’s Outlook?

  

  The resilience of the U.S. job market, highlighted by a surge in job openings to 8.10 million in November, is casting a shadow over gold’s prospects. This unexpected strength in labor demand, exceeding economist forecasts, has dampened gold’s initial rally.The robust job market strengthens the Federal Reserve’s case for a …

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• 7 January 2025 6:55 pm

  Gold Surges, Eyes Fresh High Amidst Debt Worries, Fed Uncertainty

  

  Gold prices rallied on Tuesday, driven by concerns over a surge in US debt issuance and the potential impact on interest rates. The market is closely watching a series of large US Treasury bond auctions this week, particularly the 10-year and 30-year bonds. Fears are mounting that the high volume …

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• 7 January 2025 5:34 pm

  German Inflation Rises Beyond Expectations in December Amid Higher Food Prices

  

  Germany’s annual inflation accelerated more than forecast in December, driven by surging food prices and a smaller decline in energy costs compared to recent months. Preliminary data from the federal statistics office revealed that the annual consumer price inflation rate climbed to 2.8%, surpassing the 2.6% predicted by analysts polled …

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• 7 January 2025 3:30 pm

  UK Economy Forecasted to Grow by 1.5% in 2025 Amid Fiscal Stimulus and Challenges

  

  The UK economy is projected to expand by 1.5% in 2025, a notable improvement from the 0.9% growth recorded last year, according to analysts at UBS. In their latest report, they attributed this expected rebound to a “less contractionary fiscal policy,” which could provide the British economy with significant momentum. …

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• 7 January 2025 1:00 pm

  Oil Prices Decline as Demand Optimism Fades Amid Supply Concerns

  

  Oil prices extended their losses for a second consecutive session on Tuesday as optimism over global demand faded. Brent crude futures dipped by 0.2% to $76.08 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 0.3% to $73.31 per barrel as of 0804 GMT. This decline follows a drop …

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• 7 January 2025 12:27 pm

  European Markets Decline Ahead of Key Eurozone Inflation Data

  

  European stock markets dipped on Tuesday, reversing some of Monday’s strong gains ahead of crucial eurozone inflation data. At 03:10 ET (08:10 GMT), Germany’s DAX fell 0.1%, France’s CAC 40 slipped 0.3%, and the U.K.’s FTSE 100 dropped 0.7%. Monday had seen impressive gains across European bourses, with the CAC …

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• 7 January 2025 11:24 am

  Bitcoin Breaks Six Figures Amid Renewed Optimism and MicroStrategy Buying Spree

  

  Bitcoin extended its rally on Tuesday, re-entering six-digit territory after recovering from a year-end slump. The cryptocurrency gained momentum from both institutional buying and anticipation surrounding President-elect Donald Trump’s upcoming policies. Bitcoin Performance Price as of 01:02 ET (06:02 GMT): $101,711.6 Daily Increase: 2.1%, briefly surpassing $102,000 earlier in the …

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