Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 6 November 2024 1:25 am

  Market Drivers; US Session

  

  Before the FOMC event, the US election continues to receive the majority of market focus. Amid increased expectations ahead of the US election results and the next Fed meeting, the US dollar was mostly defensive on Tuesday, falling to three-week lows. What you need to know on Wednesday, November 6:Despite …

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• 6 November 2024 12:17 am

  Gold rises amid US elections

  

  Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …

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• 5 November 2024 11:18 pm

  Dow Jones Rallies Ahead of US Election Results

  

  The Dow Jones Industrial Average (DJIA) surged over 400 points on Tuesday, as investors eagerly awaited the outcome of the US presidential election. The index has been trading within a narrow range in recent weeks, but today’s rally pushed it closer to its near-term high.Market Expectations and Fed Rate Cut …

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• 5 November 2024 9:50 pm

  Where US Economy Stands Prior To Election Results

  

  As voters prepare to choose the next president, the U.S. economy is, by most measures, stronger than it has been in recent election cycles, though some exceptions help explain voter discontent.The Bigger Picture Politics and voting behavior are more complex than any data series from a government website, and the …

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• 5 November 2024 9:27 pm

  Ahead of the US election results, USD declines for a second consecutive week

  

  As Americans prepare to cast their ballots on Tuesday, the price action of the US dollar is slowing down. In the event of a very close outcome, traders prepare for volatility because it may take days or weeks to choose the next US president. The US dollar index is holding …

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• 5 November 2024 8:39 pm

  Harris or Trump: When will Americans know who their new president is?

  

  The presidential election results will begin to come in on Tuesday night after polls close throughout the country. However, in many key states, it may take a while to know who has won and much longer to get official, certified results. There are several reasons for this delay, including the …

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• 5 November 2024 7:04 pm

  US service sector continued expansionary trend in October

  

  The US service sector continued its expansionary trend in October, with the Institute for Supply Management (ISM) Services PMI surging to 56. This reading surpassed market expectations of 53.8, signaling a robust acceleration in business activity compared to the previous month. The uptick was driven by a combination of factors, …

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• 5 November 2024 6:37 pm

  What Could Eurozone Economy Expect from Trump or Harris?

  

  As the US prepares to elect a new president, analysts have outlined what a Trump victory could mean for the global economy. However, Europe could expect from Democratic candidate Kamala Harris, who has stated that her presidency would not be a continuation of Joe Biden’s presidency. In terms of domestic …

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• 5 November 2024 3:55 pm

  U.S. Stock Futures Edge Higher as Investors Brace for Election and Fed Decision

  

  U.S. stock index futures gained slightly early Tuesday as markets steadied after recent losses. Investors prepared for a tight presidential election and a significant Federal Reserve meeting later in the week. Market Movements At 05:00 ET (10:00 GMT): Dow Jones Futures rose 55 points (+0.1%). S&P 500 Futures gained 12 …

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• 5 November 2024 2:48 pm

  Aramco’s Q3 Profit Declines, but Dividends Remain Strong Amid Softer Oil Prices

  

  Saudi oil giant Aramco (TADAWUL:2222) reported a 15.4% year-over-year decline in its third-quarter profits, attributing the drop to lower crude prices and weaker refining margins. However, Aramco reaffirmed its commitment to a substantial dividend, maintaining a $31.1 billion payout for the quarter. Profit Performance and Market Reaction For the quarter …

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• 5 November 2024 1:26 pm

  U.S. Dollar Slides Slightly Ahead of Tight Presidential Election and Fed Meeting

  

  The U.S. dollar edged lower on Tuesday, reflecting cautious sentiment as the country heads into a closely contested presidential election that could trigger significant foreign exchange volatility. The Dollar Index, which measures the greenback against a basket of six major currencies, fell by 0.1% to 103.655 at 04:10 ET (09:10 …

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• 5 November 2024 11:23 am

  RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

  

  The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, reaffirming its commitment to restrictive monetary policy to address inflation concerns. The RBA emphasized that its top priority remains guiding inflation back within its 2-3% target range, though it refrained from committing to specific future …

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• 5 November 2024 10:22 am

  Asian Markets Mixed as U.S. Election and China’s Fiscal Policies Weigh on Sentiment

  

  Most Asian markets faced declines on Tuesday, with traders cautious ahead of the U.S. presidential election and the Federal Reserve’s expected rate cut later in the week. The uncertain race between Donald Trump and Kamala Harris has heightened risk aversion, keeping investors on the sidelines. Chinese Markets Supported by Positive …

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