Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 8 November 2024 11:34 am

  U.S. Dollar Strengthens, Set for Weekly Gain Amid Trump’s Return and Fed Rate Decisions

  

  The U.S. dollar found renewed strength on Friday, looking to wrap up a week marked by high volatility with a modest gain. The currency’s movement reflects global markets processing the implications of Donald Trump’s return to the White House, with significant effects anticipated on U.S. economic policy and interest rate …

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• 8 November 2024 11:10 am

  Asian Stocks Surge, Tracking Wall Street’s Record Highs Amid U.S. Election and Fed Signals

  

  Asian equities experienced widespread gains on Friday, mirroring Wall Street’s ascent to record highs. Investor sentiment was buoyed by expectations of aggressive fiscal spending under the newly re-elected President Donald Trump and cautious interest rate cuts signaled by the Federal Reserve. Key Market Movements: Asia-Pacific RallyThe Asia-Pacific region marked significant …

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• 8 November 2024 10:50 am

  Oil Markets See Weekly Gains Amid OPEC+ Supply Restraints and Geopolitical Concerns

  

  Oil prices eased slightly during Asian trade on Friday, but the market is still poised to record a solid weekly gain driven by critical supply decisions and geopolitical uncertainties. Key Factors Supporting Oil Prices: OPEC+ Maintains Supply CutsThe Organization of the Petroleum Exporting Countries and its allies (OPEC+) have provided …

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• 8 November 2024 1:00 am

  Powell: I Would Not Go If President Asked Me To Leave

  

  Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference. Key QuotesFed took another step in reducing policy restraint.The labour market remains solid.Inflation has eased substantially.I …

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• 8 November 2024 12:54 am

  Gold Shines, Surging 1.7% After Fed Rate Cut

  

  Gold prices surged over 1.7% after the Federal Reserve delivered a widely anticipated 25 basis point interest rate cut. While the market had largely priced in this move, the Fed’s acknowledgment of economic uncertainty and balanced risks bolstered gold’s safe-haven appeal. Gold is trading at 2,704 at the time of …

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• 7 November 2024 11:50 pm

  Powell explains Fed’s rate cut decision

  

  Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference.The US Dollar remains largely on the defensive following the Fed’s decision to lower its rates by …

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• 7 November 2024 11:25 pm

  Fed Rate Cut Weighs on Euro, EUR/USD Retreats

  

  The Federal Reserve’s anticipated 25-basis point interest rate cut on Thursday tempered the Euro’s earlier gains against the US Dollar. While the move aligned with market expectations, it shifted market focus to the Fed’s December meeting, where another rate cut is widely anticipated.The Euro, the official currency of the Eurozone, …

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• 7 November 2024 11:02 pm

  Fed cuts interest rate by 25 basis points as widely expected

  

  The Federal Reserve cut interest rate by 25 basis points, as widely expected to continue its monetary policy easing cycle. Fed decided, Thursday to lower the policy rate after Donald Trump won the US presidential election.Fed Chairman Powell’s remarks could provide important clues about the rate outlook. The US Dollar …

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• 7 November 2024 10:02 pm

  Adviser: Trump Will Let Powell Complete His Term As Fed Chair

  

  According to a senior adviser to Trump who asked to remain anonymous in order to discuss private discussions, President-elect Donald Trump is expected to let Federal Reserve Chair Jerome Powell complete the remaining portion of his term, which ends in May 2026. Jerome Powell, the current chair of the Federal …

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• 7 November 2024 9:41 pm

  Dow Jones Pauses for Breath Ahead of Fed Decision

  

  The Dow Jones Industrial Average traded in a narrow range on Thursday, holding near its record high. Investors are adopting a cautious stance as they await the Federal Reserve’s interest rate decision later in the day.The market’s anticipation of a 25 basis point rate cut from Fed Chair Jerome Powell …

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• 7 November 2024 7:51 pm

  Despite Trump’s Win, Federal Expected To Cut Rates By 25 Basis Points

  

  The American central bank is expected to maintain its monetary easing cycle. The Federal Reserve is expected to cut its benchmark policy rate by 25 basis points (bps) at the end of its policy meeting on Thursday, a decision that may seem a footnote given the uncertain economic terrain the …

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• 7 November 2024 4:05 pm

  U.S. Futures Edge Higher as Focus Shifts to Fed After Trump’s Election Victory

  

  U.S. stock index futures traded higher Thursday morning, continuing the positive momentum generated by Donald Trump’s presidential election win in 2024. The market is now turning its attention to the Federal Reserve’s policy decision later in the day. Futures Overview At 06:20 ET (11:20 GMT), futures showed modest gains across …

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• 7 November 2024 1:56 pm

  European Stocks Rise on Rebound in Tech and Resource Sectors; Rate Decisions Awaited

  

  European markets advanced on Thursday, driven by gains in technology and resource stocks as investors turned their attention to upcoming monetary policy announcements from the Federal Reserve and the Bank of England (BoE). Key Market Highlights The pan-European STOXX 600 index climbed 0.5%, led by the basic resources sector, which …

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