Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 3 December 2024 12:18 pm

  China’s Semiconductor Industry Resilient Amid U.S. Export Controls

  

  Chinese chip companies, facing new export restrictions from the U.S., have pledged to intensify localization efforts and leverage stockpiled equipment to sustain operations. These measures, part of the U.S.’s third wave of crackdowns in three years, aim to curtail China’s semiconductor capabilities but have yielded mixed immediate results. The Latest …

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• 3 December 2024 11:18 am

  Bitcoin as a U.S. Reserve: Unlikely Under Trump’s Dollar-Centric Approach

  

  Incoming U.S. President Donald Trump is expected to remain firm in his commitment to preserving the dollar as the global reserve currency, leaving little room for alternative assets like Bitcoin, according to a recent analysis by TD Cowen. Trump’s Dollar-First Policy Trump’s recent statements emphasize his focus on ensuring the …

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• 3 December 2024 10:52 am

  Gold Inches Higher Amid Fed Rate Speculation and Dollar Strength

  

  Gold prices edged slightly higher in Asian trading on Tuesday but remained subdued, retaining losses from earlier in the week as anticipation of U.S. Federal Reserve signals and robust dollar strength kept the metal under pressure. Spot gold rose 0.1% to $2,640.77 per ounce. Gold futures for February delivery increased …

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• 3 December 2024 3:16 am

  GBP/USD Loses Momentum, Dips Below 1.2700

  

  The GBP/USD currency pair experienced a significant downturn on Monday, snapping a three-day winning streak and falling below the crucial 1.2700 level. This decline was primarily driven by a combination of factors, including a lackluster economic calendar for the UK and a stronger US Dollar.US Economic Data Drives Dollar HigherThe …

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• 3 December 2024 2:22 am

  Market Drivers; US Session

  

  Dollar Soars on JOLTs Anticipation, Geopolitical TensionsEuro slumps amid French political turmoilPound, Aussie, and Yen under pressureOil prices steady, Gold and Silver retreatOption 3: More Detailed and AnalyticalThe US Dollar Index (DXY) gained momentum on Tuesday, surpassing the 106.70 level. This surge was fueled by a combination of factors, including …

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• 3 December 2024 1:44 am

  Bitcoin Price Softens, Yet BTC Derivatives Remain Robust

  

  Is Bitcoin Taking a Breather? While November saw a strong 38% gain for Bitcoin, the price has struggled to break past the $98,000 mark since late November. This consolidation phase has some investors worried, fearing a potential bearish turn if the price stays below the psychological barrier of $100,000 for …

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• 2 December 2024 10:26 pm

  Wall Street Recovers Following Upbeat Data

  

  US stock markets on Wall Street are seeing significant gains since the start of the new trading week, boosted by improved economic performance in the United States reflected in recent data.The S&P 500 Index rose to 6048 points after adding approximately 15 points or 0.7%. Additionally, the tech-heavy Nasdaq reached …

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• 2 December 2024 10:15 pm

  Fed Official: US Inflation Path Remains Intact Despite Recent Rise

  

  A senior Federal Reserve official expressed optimism on Monday about the US economy’s trajectory, asserting that the nation remains on course to achieve its long-term inflation target of 2%, despite a recent uptick in price pressures.The Federal Reserve has embarked on a concerted effort to tame inflation, which surged to …

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• 2 December 2024 9:10 pm

  US Dollar Surges Amid French Political Turmoil, Trump Tariff Threats

  

  The US Dollar gained nearly 1% on Monday, driven by political developments in France and tariff threats from President-elect Donald Trump. Trump’s weekend tweet warning BRICS nations of 100% tariffs if they continue their de-dollarization efforts sparked a strong bid for the US Dollar in Asian markets.In Paris, Prime Minister …

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• 2 December 2024 8:06 pm

  Fed’s Waller: Displeased with inflation uptick, but leaning toward December rate cut

  

  Federal Reserve Board of Governors member Christopher Waller noted on Monday that while he is less than enthusiastic about a recent upswing in headline inflation figures, Governor Waller reiterated that he sees no reason to shift stance measurably as a result.The Fed Governor took a potshot at markets that have …

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• 2 December 2024 7:13 pm

  XAU/USD Slides Following Trump’s Threats to BRICS to Defend USD

  

  Gold prices fell on Monday after President-elect Donald Trump threatened the BRICS nations with 100% tariffs if they attempt to replace the US dollar with their own currency. This warning boosted the US Dollar, which typically weighs on Gold prices since the metal is primarily priced and traded in USD. …

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• 2 December 2024 3:39 pm

  Europe Contracts While China’s Recovery Gains Momentum

  

  Manufacturing activity displayed stark regional contrasts in November, with European output plunging further into contraction while China saw its manufacturing sector extend its recovery, driven by government stimulus and export demand. Europe’s Manufacturing Struggles Deepen The HCOB euro zone Manufacturing PMI dropped to 45.2, signaling persistent contraction in the sector. …

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• 2 December 2024 1:14 pm

  Saudi Arabia Expected to Lower Oil Prices for Asia to Multi-Year Lows

  

  Saudi Arabia, the world’s top oil exporter, is likely to significantly reduce crude prices for Asian buyers in January, potentially marking the lowest official selling prices (OSPs) in years. This decision follows a decline in Middle East benchmark prices and reflects ongoing market dynamics, according to a Reuters survey of …

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