Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 20 December 2024 8:43 pm

  Extensive Efforts to Avert a US Government Shutdown Before Midnight

  

  US House Speaker Mike Johnson will attempt to pass what is known as a “temporary plan” later on Friday, involving a funding bill for the federal government at current debt levels. This plan includes certain provisions aimed at garnering public support and avoiding the US from suspending its debt ceiling …

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• 20 December 2024 7:38 pm

  PCE DaExplainer: Cooling Inflation Offers Glimmer of Hope, But Fed Remains Cautious

  

  The latest inflation data provides a glimmer of hope in the ongoing battle against rising prices. The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, showed a modest increase of 0.1% in November, translating to an annual rate of 2.4%. This reading, while still above the …

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• 20 December 2024 4:05 pm

  Russian Central Bank Keeps Rates Steady at 21%, Defying Market Expectations

  

  The Russian Central Bank surprised markets on Friday by maintaining its key interest rate at 21%, contrary to widespread expectations of a 2-percentage-point hike. Analysts had anticipated a rate increase to 23%, but the bank justified its decision by citing the effectiveness of recent tightening measures in curbing inflationary pressures. …

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• 20 December 2024 1:51 pm

  Gold Prices Struggle Amid Hawkish Fed Outlook and Strong Dollar

  

  Gold prices held near a one-month low in Asian trade on Friday, heading for their third consecutive weekly loss as the Federal Reserve’s slower-than-expected rate cut projections for 2025 weighed on investor sentiment. Gold Performance Spot gold edged up 0.1% to $2,596.82 per ounce, while Gold futures for February delivery …

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• 20 December 2024 1:10 pm

  European Stocks Slide Amid Trade War Fears and Weak Economic Data

  

  European stock markets ended the week on a downbeat note as concerns about a potential trade war with the U.S. and disappointing economic data weighed on investor sentiment. Indices Under Pressure Germany’s DAX dropped 1.1%, France’s CAC 40 slid 1%, The UK’s FTSE 100 fell 0.4%. Trade Tensions Escalate with …

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• 20 December 2024 12:36 pm

  Dollar Strengthens to Two-Year High as Yen and Global Currencies Struggle

  

  The U.S. dollar ended the week on a high note, hitting a two-year peak as hawkish signals from the Federal Reserve continued to bolster its appeal. In contrast, global currencies faced significant pressure, with the yen, sterling, and commodity-linked currencies like the Australian and New Zealand dollars recording steep losses. …

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• 20 December 2024 12:04 pm

  Bitcoin Falls Below $100,000 Amid Profit-Taking and Hawkish Fed Stance

  

  Bitcoin extended its losing streak to a third day on Friday, retreating 3.7% to trade at $97,002.0 by 00:46 ET (05:46 GMT). The decline comes in the wake of the Federal Reserve’s hawkish monetary policy signals and profit-taking after the cryptocurrency reached record highs earlier in the week. Bitcoin Pullback …

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• 20 December 2024 12:02 pm

  Asian Markets End the Week Flat-to-Lower Amid Hawkish Fed and Local Headwinds

  

  Asian equities traded within a narrow range on Friday, largely reflecting the region’s cautious sentiment as global and domestic economic uncertainties dampened risk appetite. While Japan’s markets found some respite, most other major Asian indices either edged lower or remained flat, concluding a week marked by steep losses. Japanese Markets …

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• 20 December 2024 3:58 am

  Trump announces new plan to avoid government shutdown, lift US debt ceiling

  

  President-elect Donald Trump has announced a new plan to fund the government and lift the debt ceiling, a day before a government shutdown. He praised Speaker Mike Johnson and House Republicans for coming to a “very good Deal,” urging Congress to swiftly pass it in votes as soon as Thursday …

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• 20 December 2024 1:21 am

  Market Drivers; US Session

  

  Central Banks Hold Steady, US Core PCE in Focus The Bank of England and the Bank of Japan both held interest rates steady at their respective policy meetings. While the BoE’s decision had a limited impact on the Pound, the BoJ’s rate hold weighed heavily on the Yen.With a relatively …

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• 20 December 2024 12:47 am

  GBP/USD Plummets Amidst Strong US Data and Rising Yields

  

  The GBP/USD currency pair experienced a sharp decline, falling over 60 pips, as robust US economic data and a surge in Treasury yields bolstered the US Dollar. The pair flirted with the crucial 1.2500 support level.US Economic Strength Fuels Dollar DemandKey US economic indicators pointed to a strong economy. Initial …

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• 19 December 2024 11:49 pm

  XAU/USD Defies Climbing T-Yields As Fed Signals Future Rate Cut Path

  

  Following the Fed’s less dovish stance, gold records gains of more than $0.20. According to statistical data, the US economy grew 3.1% year over year in Q3. Gold’s attractiveness as a safe-haven asset in times of uncertainty is increased by the possibility of a US government shutdown. The price of …

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• 19 December 2024 10:27 pm

  US Treasury Yields Rise on Fed’S Policy Outlook

  

  US Treasury yields saw a significant uptick on Thursday, driven by the Federal Reserve’s interest rate decision released on Wednesday and a speech by Federal Open Market Committee Chairman Jerome Powell during the subsequent press conference.The yield on the 10-year US Treasury note climbed to 4.577%, up from the previous …

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