Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 13 December 2024 11:48 pm

  S&P 500 Pauses as Investors Digest Recent Gains

  

  The S&P 500 was little changed on Friday, putting it on track for a weekly decline. Despite a strong performance by technology stocks, led by Broadcom’s surge following impressive earnings results, the broader market remained relatively subdued.Broadcom’s market capitalization surpassed $1 trillion, driven by soaring artificial intelligence demand. Other tech …

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• 13 December 2024 10:28 pm

  What Are The Best-Performing Commodity ETFs in 2024?

  

  While financial assets have had a stellar year, commodity ETF performance has been merely “okay.” The top-performing broad commodity ETF of the year, the WisdomTree Enhanced Commodity Strategy Fund (GCC), increased 17.5% so far this year through December 11. However, the $4.3 billion Invesco Optimum Yield Diversified Commodity ETF (PDBC), …

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• 13 December 2024 9:49 pm

  XAU/USD declines on rising T-yields as FOMC meeting looms

  

  Gold, often considered a safe-haven asset, has recently faced headwinds as rising US Treasury yields and a stronger dollar have weighed on its price. While geopolitical tensions and economic uncertainties could provide support for the precious metal, the Federal Reserve’s monetary policy decisions will play a crucial role in shaping …

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• 13 December 2024 8:58 pm

  Pro-Crypto US Politician Appointed Chairman of House’s Financial Services Committee

  

  The House Financial Services Committee’s new chairman, French Hill, was chosen by Republicans. Hill is an advocate for cryptocurrency and led the FIT21 bill to regulate it. Chair Patrick McHenry is retiring, and French Hill will take over. Pro-crypto members of the Republican Party Patrick McHenry, who is retiring, will …

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• 13 December 2024 7:38 pm

  Crude oil swings around $70 ahead of hoped weekly gains

  

  Crude oil prices have recently seen a surge, pushing crude oil futures above the $70 per barrel mark. While this upward trend is fueled by factors like OPEC+ production cuts and geopolitical tensions, a closer look reveals a more complex picture. The recent rally in oil prices is a testament …

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• 13 December 2024 3:13 pm

  U.S. Futures Rise as Broadcom’s AI Outlook Lifts Sentiment, Fed Meeting in Focus

  

  U.S. stock index futures edged higher on Friday, recovering from the previous session’s losses on Wall Street. Investors turned their attention to strong guidance from chipmaker Broadcom and the Federal Reserve’s upcoming policy meeting, set to shape the outlook for interest rates as the year closes. As of 05:50 ET …

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• 13 December 2024 2:10 pm

  European Stocks Decline as Investors Weigh Economic and Policy Uncertainties

  

  European stock markets edged lower on Friday, poised to end a three-week winning streak as investors sought clarity on the euro zone’s monetary easing trajectory and grappled with concerns about slowing economic growth and rising geopolitical risks. The pan-European STOXX 600 index dipped 0.1%, setting it up for a 0.3% …

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• 13 December 2024 1:15 pm

  UK Economy Contracts for Second Consecutive Month Amid Budget Transition

  

  The UK economy shrank for the second month in a row in October, marking the first back-to-back declines in economic output since the early days of the COVID-19 pandemic. Gross domestic product (GDP) fell by 0.1% in October, mirroring the contraction seen in September, according to data from the Office …

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• 13 December 2024 12:27 pm

  Asian Markets Tumble as Stimulus Disappoints and Fed Decision Looms

  

  Asian equities faced a broad sell-off on Friday, mirroring Wall Street’s overnight losses, as investors braced for a pivotal U.S. Federal Reserve meeting next week. The Chinese markets led the region’s declines, weighed down by underwhelming policy signals from a closely watched legislative gathering. U.S. stock indexes closed in the …

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• 13 December 2024 11:23 am

  Bitcoin Declines Ahead of Fed Rate Decision; ETFs See Continued Inflows

  

  Bitcoin retreated slightly on Friday, easing from recent highs as traders became cautious ahead of the Federal Reserve’s upcoming interest rate decision. Despite a rally spurred by President-elect Donald Trump’s pro-crypto remarks, the lack of concrete policy cues limited further momentum. Key Bitcoin Market Updates Price Movement: Bitcoin fell 0.7% …

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• 13 December 2024 11:22 am

  Gold Prices Steady Amid Dollar Strength and Fed Meeting Anticipation

  

  Gold prices stabilized during Friday’s Asian trading session after experiencing significant losses the previous day. A stronger U.S. dollar, fueled by expectations surrounding next week’s Federal Reserve meeting, weighed on the yellow metal. However, gold retained most of its weekly gains, supported by heightened geopolitical tensions in the Middle East …

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• 13 December 2024 1:55 am

  Canada ponders taxes on oil and uranium exports to counter Trump’s probable trade war

  

  Canada is considering export taxes on major commodities it exports to the US, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he pledged, per Bloomberg. Retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most likely, with export levies also on …

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• 13 December 2024 12:59 am

  Oil Markets Stumble as Supply Concerns Overshadow Demand Hopes

  

  Oil prices retreated this week, unable to sustain the momentum from the previous day’s rally. A confluence of factors, including a downward revision to global oil demand forecasts by OPEC, a strengthening US Dollar, and ample supply prospects, weighed on market sentiment. The Organization of the Petroleum Exporting Countries (OPEC) …

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