Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 22 October 2024 9:58 pm

  XAU/USD Soars Amid Rising T-Yields

  

  Gold price surges on Tuesday as Treasury yields rise. Gold prices surged to new heights on Tuesday, driven by a combination of geopolitical tensions and rising U.S. Treasury yields. As investors seek safe-haven assets amid global uncertainty, XAU/USD has continued its upward trajectory, reaching a peak of $2,745.01.The market’s mood …

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• 22 October 2024 8:56 pm

  Bitcoin Market Analysis: A Sideways Trend with Upward Potential

  

  The Bitcoin market remains in a sideways trading range that began in February. Despite experiencing some volatility recently, the overall trend suggests a gradual upward movement.Key Technical Levels:Resistance: The $70,000 level is a crucial resistance point due to its psychological significance. Breaking above this level could signal a stronger uptrend, …

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• 22 October 2024 7:46 pm

  USD/JPY Price Forecast: Testing Key Technical Levels

  

  The USD/JPY pair is currently trading near the 151.00 level, influenced by rising US Treasury yields but facing resistance from the Ichimoku Cloud’s upper boundary. Bullish momentum persists, as indicated by the RSI hitting a new high, suggesting potential upside towards the 200-day moving average (DMA) at 151.36 and beyond.If …

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• 22 October 2024 3:43 pm

  UK Public Borrowing Exceeds Forecasts, Presenting Challenge for Finance Minister Rachel Reeves

  

  British public borrowing in the first six months of the tax year exceeded official forecasts, posing a challenge for Finance Minister Rachel Reeves ahead of her first budget next week. Borrowing totaled £79.6 billion ($103.5 billion) from April to September, nearly £7 billion higher than projections made by the Office …

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• 22 October 2024 2:08 pm

  Oil Prices Steady Near $74 Amid Middle East Ceasefire Efforts and Slowing Chinese Demand

  

  Oil prices hovered near $74 a barrel on Tuesday as geopolitical tensions in the Middle East and concerns over weakening demand growth in China, the world’s top oil importer, continued to influence the market. Brent crude futures for December delivery slipped 20 cents, or 0.27%, to $74.09 per barrel by …

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• 22 October 2024 1:53 pm

  European Stocks Slip Amid Geopolitical and Rate-Cut Uncertainties, SAP Boosts Tech Sector

  

  European stocks dipped on Tuesday as investors grappled with geopolitical tensions and uncertainties over global interest rate cuts. The pan-European STOXX 600 index edged down 0.3% by 0830 GMT, as lingering concerns about the European economy and Chinese demand weighed on market sentiment. The broader decline was softened by German …

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• 22 October 2024 12:55 pm

  Bitcoin Falls Amid U.S. Election Uncertainty and Slower Fed Rate Cut Expectations

  

  Bitcoin prices fell on Tuesday, retreating from recent three-month highs as broader market uncertainty ahead of the U.S. presidential election dampened risk appetite. Bitcoin dropped 2.4% to $67,412.5, pulling back from a recent peak of $69,000, failing to break through the key $70,000 level that many analysts viewed as a …

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• 22 October 2024 11:03 am

  Dollar Strength and Fed’s Approach to Rate Cuts

  

  The U.S. dollar remained strong on Tuesday, holding near a 2-1/2-month high due to expectations that the Federal Reserve will adopt a cautious approach to cutting interest rates. This strength, buoyed by rising U.S. Treasury yields, has put pressure on the yen, euro, and British pound. The dollar’s rally is …

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• 22 October 2024 10:03 am

  Gold Prices Steady Near Record Highs Amid Election Uncertainty and Middle East Tensions

  

  Gold prices gained in Asian trade on Tuesday, stabilizing just below their recent record highs as traders sought safe havens due to growing uncertainty surrounding the upcoming U.S. presidential election. The anticipation of a tight race between Donald Trump and Kamala Harris has pushed investors towards safer assets like gold, …

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• 22 October 2024 1:39 am

  Treasury Yields Resume Upward Trend Following Fed Remarks

  

  US Treasury yields initiated an upward climb at the start of the new trading week, fueled by statements from the Federal Reserve that highlighted a preference for a gradual approach to interest rate cuts in the coming period.The yield on 10-year US Treasury bonds rose to 4.182%, compared to the …

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• 22 October 2024 12:24 am

  Gold Halts Climb After Record Highs

  

  The price of gold stopped increasing after reaching record highs due to statements from the Federal Reserve. The Fed suggested a potential gradual reduction in interest rates, which could affect the appeal of gold as a safe-haven asset. This news, along with concerns about the U.S. labor market, has led …

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• 21 October 2024 11:20 pm

  Market Drivers; US Session

  

  Dollar Strengthens Amid Rising Yields, Renewed “Trump Trade”The US Dollar Index (DXY) continued its upward trajectory on Tuesday, October 22, approaching three-month highs as investors responded to higher interest rates and a resurgence of the “Trump trade.” Key economic events and speeches from Federal Reserve officials will shape the market’s …

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• 21 October 2024 10:44 pm

  Dow Jones Sheds 330 Points as Bullish Momentum Pauses

  

  Dow Jones Industrial Average (DJIA) experienced a setback on Monday, declining by 330 points (0.8%) as equity markets retreated from recent record highs.The decline was primarily attributed to a pause in bullish momentum, with the Dow Jones bearing the brunt of the sell-off. Investors grappled with conflicting factors: the anticipation …

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