Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 2 October 2024 7:18 pm

  EUR/GBP ends its pullback, resumes downtrend

  

  The EUR/GBP has finished pulling back and resumed its downtrend. It has broken below the 0.8317 September 24 low, confirming a lower low and extension towards the next target at 0.8287, the August 2022 low. It remains in a downtrend on a short and medium-term basis, and given the principle …

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• 2 October 2024 3:22 pm

  U.S. Stock Futures Slip as Middle East Conflict Escalates, Traders Monitor Oil Surge and Vance-Walz Debate

  

  U.S. stock futures pointed lower on Wednesday, with investors closely watching escalating tensions in the Middle East following an Iranian missile attack on Israel. The potential for retaliatory strikes and disruption to oil supply has spooked markets, while futures for major indices show modest declines. 1. Futures Slide on Middle …

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• 2 October 2024 12:31 pm

  European Stocks Edge Higher Amid Middle East Tensions, Awaiting Key Economic Data

  

  European stock markets opened cautiously higher on Wednesday as investors remained wary of escalating tensions in the Middle East while turning their attention to upcoming employment data from the Eurozone. Markets Show Cautious OptimismDespite concerns over geopolitical risks, major European indices displayed modest gains: Germany’s DAX rose by 0.1%France’s CAC …

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• 2 October 2024 11:31 am

  European Stocks Edge Higher Amid Middle East Tensions, Awaiting Key Economic Data

  

  European stock markets opened cautiously higher on Wednesday, as investors closely monitored escalating tensions in the Middle East and awaited fresh employment data from the Eurozone. Key Market Movements: Germany’s DAX: Up by 0.1%France’s CAC 40: Rose by 0.3%U.K.’s FTSE 100: Climbed 0.3% Escalating Middle East Conflict:The situation in the …

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• 2 October 2024 10:51 am

  Asian Stocks Sink Amid Middle East Tensions, While Oil Prices Continue to Climb

  

  Asian stock markets broadly declined on Wednesday, reacting to the ballistic missile strike by Iran on Israel, which heightened concerns of a potential wider regional conflict. Investors shifted toward safe-haven assets, pushing gold prices close to all-time highs and supporting the U.S. dollar. Key Market Movements: Japan & South Korea: …

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• 2 October 2024 9:53 am

  Oil Prices Surge Over $1 Amid Middle East Tensions and Potential Supply Disruptions

  

  Oil prices spiked on Wednesday, with Brent crude rising by 1.36% to $74.56 per barrel and U.S. West Texas Intermediate (WTI) jumping 1.53% to $70.90, driven by escalating concerns over possible crude supply disruptions following Iran’s largest military strike against Israel. This follows Tuesday’s significant surge, where both benchmarks gained …

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• 2 October 2024 1:23 am

  Market Drivers, US Session, Oct. 1

  

  Gold prices have rallied over 1% on Tuesday amid growing tensions in the Middle East. The XAU/USD trades at $2,662 after bouncing off daily lows of $2,632. A daily close below the September 30 high of $2,665 could open the door for a pullback if geopolitical risks de-escalate. The US …

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• 2 October 2024 12:13 am

  US bond yields decline due to a flight to safe havens

  

  Treasury yields have embarked on a new downward trajectory due to increased demand for safe-haven assets. This inverse relationship between bond prices and yields is a common occurrence in the market.The heightened demand for safe-haven assets, particularly U.S. government bonds, was spurred by escalating geopolitical tensions in the Middle East …

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• 1 October 2024 11:44 pm

  Why should investors avoid panic about oil price in Middle East crisis?

  

  Oil prices rose by more than 4% to about $75 a barrel on Tuesday. So far, oil prices rose by more than 4% as escalation has intensified between Israel and Iran.Amid this geopolitical scene, the risk of a jump in oil prices that could trigger another global inflation shock appeared …

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• 1 October 2024 11:13 pm

  Dow Jones Plunges Amid Global Tensions

  

  The Dow Jones Industrial Average suffered a significant decline on Tuesday, primarily driven by escalating geopolitical tensions in the Middle East and disappointing US economic data.Israel’s recent military strikes on Lebanese targets have ignited fears of a wider regional conflict, with Iran vowing retaliation. This heightened uncertainty has rattled global …

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• 1 October 2024 10:03 pm

  Investors Await ECB Rate Cut in October on Easing Inflation

  

  Expectations that rate reductions will accelerate after October might weaken the euro and the yields on government bonds. For the final two ECB meetings in 2024, the Eurozone money markets are pricing in 51 basis points of rate reductions. On October 17, investors are placing more and more bets that …

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• 1 October 2024 8:37 pm

  Fed’s Bostic Doesn’t Rule Out Another Jumbo Rate Cut

  

  Raphael Bostic, the President of the Federal Reserve Bank of Atlanta, believes that the Fed should be prepared to make larger interest rate cuts if the job market weakens. He reassured markets that his business contacts don’t anticipate layoffs, but this statement seems out of place given the recent ISM …

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• 1 October 2024 7:38 pm

  US Dollar Surges Amid Geopolitical Tensions, Fed’s Fresh Hints

  

  The US Dollar experienced a significant rally following escalating tensions in the Middle East and comments from Federal Reserve Chairman Powell suggesting a less dovish stance on interest rates. The US Dollar Index reached a seven-day high as investors sought safe havens amid geopolitical uncertainty.Key factors driving the US Dollar’s …

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