Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2023

• 28 December 2023 1:46 pm

  European stocks rise on expectations of interest rate cuts

  

  European stocks showcased a positive trajectory on Thursday, led by gains in mining and insurance companies. The market outlook remained optimistic as the year neared its end, buoyed by expectations that major global central banks would potentially reduce borrowing costs in the coming year. Market Overview: The STOXX 600 index …

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• 28 December 2023 12:50 pm

  Oil Prices Rise Amid Middle East Tensions

  

  Oil prices experienced an early uptick in Asian trading on Thursday, driven by persistent concerns over escalating tensions in the Middle East. These apprehensions overshadowed earlier worries about shipping traffic disruption, as some international shipping companies resumed activities in the Red Sea. Market Movement:Brent crude futures advanced by 0.3 percent, …

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• 28 December 2023 3:45 am

  Gold price leaps high on dovish Fed bets, deteriorating US yields

  

  Gold was trading closely to the $2,070 level, registering strong gains, on early Thursday the precious metal is trading at $2086.45 per ounce. Markets project as many as six Fed rate hikes in 2024, which shook down the US Treasury yields.US Jobless Claims on Thursday may fuel further volatility in …

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• 28 December 2023 1:39 am

  Market Drivers – US Session, December 27

  

  It was another day in an unusual week that is shortened by holidays. The US Dollar Index extended its loss and dropped below 101.00, reaching its lowest level since July. The 10-year Treasury yield fell to 3.78%, a five-month low, while the 2-year settled at 4.24%, the lowest since May.US …

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• 27 December 2023 7:53 pm

  Trump’s reelection could mean return of US-China trade war

  

  Geopolitical risks remain high and economists discuss what to look out for in 2024. Severe geopolitical shocks and persistent tensionsThe new year could mark a watershed for political and military support for Ukraine, particularly as elections will be held in the US Military support from the US is critical, and …

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• 27 December 2023 3:33 pm

  Dollar Hits 5-Month Low

  

  The dollar faced a decline on Wednesday, reaching its lowest level in five months, while the euro touched a four-month high. Market sentiment was driven by expectations of an imminent interest rate cut by the Federal Reserve. However, limited trading volume at the close of the year contributed to subdued …

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• 27 December 2023 2:09 pm

  European Shares Inch Up on Positive Chinese Data and Wall Street Optimism

  

  European shares experienced a modest increase on Wednesday, driven by a rise in mining shares fueled by strong Chinese data. Additionally, technology stocks received a boost from Wall Street’s optimistic outlook, fueled by expectations that the Federal Reserve might initiate interest rate cuts in March. Market Overview:The European STOXX 600 …

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• 27 December 2023 1:02 pm

  Oil stabilizes and all eyes are on developments in the Red Sea

  

  Oil prices maintained stability on December 27 as investors closely monitored developments in the Red Sea, where major shipping companies resumed transit despite ongoing attacks and heightened tension in the Middle East. Brent crude futures experienced a slight dip of 0.1%, falling 5 cents to $81.02 per barrel, while US …

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• 27 December 2023 12:51 am

  Oil climbs amid Red Sea attacks, Fed’s rate cut expectations

  

  Tuesday saw a more than 2% increase in oil prices, reaching their highest point since December 1. Concerns about potential interruptions to oil shipments were raised by recent attacks on ships in the Red Sea.Expected Fed interest rate reduction, which might spur economic growth and increase demand for energy, also …

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• 26 December 2023 10:21 pm

  Gold’s momentum benefits from softer US dollar

  

  The thin holiday trading volumes will likely make gold price range questionable. But, generally speaking, the weakness of the US dollar continues to support the strong upward rebound of the gold price, with it holding on to the psychological resistance level of $2,000 per ounce. It seems that the gold …

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• 26 December 2023 8:04 pm

  Stocks kick off slightly higher in last week of 2023

  

  US stocks opened higher on Tuesday to start the last week of the year, as traders aimed to end 2023 on a strong note. The S&P 500 climbed 0.3%, and the Nasdaq Composite advanced 0.4%. The Dow Jones Industrial Average gained 100 points, or about 0.3%. Intel rose nearly 3% …

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• 26 December 2023 4:10 pm

  Russian Finance Minister: The budget deficit will reach about 1.5% of GDP in 2023

  

  :Russian Finance Minister Anton Siluanov recently announced on state television that the projected budget deficit for 2023 is set to reach approximately 2.9 trillion rubles, equivalent to $31.6 billion, or about 1.5% of the country’s Gross Domestic Product (GDP). Siluanov highlighted that both expenditures and revenues exceeded initial expectations, attributing …

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• 26 December 2023 1:33 pm

  Dollar fluctuates in weak trading and Yen stabilizes

  

  Amid the Christmas holiday, the dollar grapples with consolidation efforts against a backdrop of weakened trading. Signals of declining inflation in the largest economy, the United States, contribute to the dollar’s challenges, offering the Federal Reserve room for potential interest rate cuts in the upcoming year. Concurrently, the yen maintains …

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