Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2023

• 19 December 2023 8:36 pm

  How do US dollar, oil price react to current Red Sea tensions?

  

  The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …

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• 19 December 2023 8:09 pm

  Will BlackRock Updates Push Bitcoin Higher to $45,000?

  

  Bitcoin price continued surging amid positive developments in Spot Bitcoin ETF applications. BlackRock filed an S-1 amendment, a registration statement that the SEC requires issuers to file ahead of new securities offers. On-chain researchers said that there were symptoms of anxiety among bitcoin dealers, which helped the price of BTC …

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• 19 December 2023 7:22 pm

  Fed’s Barkin: Fed will respond if inflation comes down as expected

  

  Thomas Barkin, the president of Richmond Federal Reserve Bank, stated that the Federal Reserve would “act appropriately” if inflation declines as anticipated in a Tuesday interview with Yahoo Finance.In the wake of these remarks, the US dollar finds it difficult to find demand. The US Dollar Index was down 0.35% …

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• 19 December 2023 5:44 pm

  Canada CPI inflation stays at 3.1% in November

  

  In November, inflation in Canada, as measured by the change in the Consumer Price Index (CPI), held steady at 3.1% on a yearly basis. This figure surpassed market expectations, which had anticipated a rate of 2.9%. The higher-than-expected inflation rate suggests stronger upward price pressures in the Canadian economy during …

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• 19 December 2023 4:41 pm

  Goldman Sachs: The disruption of energy flows in the Red Sea will not greatly affect oil prices

  

  Goldman Sachs said the disruption to energy flows in the Red Sea would likely not have a major impact on crude oil and liquefied natural gas prices, as opportunities to reroute ships meant production should not be directly affected. Oil prices rose on Tuesday, continuing the gains they achieved in …

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• 19 December 2023 2:36 pm

  Japanese stocks rise and the yen falls as the central bank maintains an ultra-loose policy

  

  Japan’s Nikkei rose and the yen fell on Tuesday after the Bank of Japan kept its ultra-loose monetary policy unchanged and offered no hints of an early end to negative interest rates. The Nikkei rose 1.41 percent to end Tuesday at 33,219.39. The broader Topix index compensated for an early …

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• 19 December 2023 1:25 pm

  Technology and travel sectors lift European stocks amid focus on inflation data

  

  European stocks experienced a rise on Tuesday, driven by gains in the technology, travel, and entertainment sectors. Investors were particularly focused on the upcoming inflation data in the eurozone to gauge potential signals for next year’s interest rate cuts. The European STOXX 600 index saw a 0.3 percent increase by …

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• 19 December 2023 11:35 am

  Gold is confined to a narrow range with focus on US inflation data

  

  Gold prices fell in limited trading on Tuesday as investors awaited more US economic data this week that may shed light on the Federal Reserve’s monetary policy outlook. By 0535 GMT, gold in spot transactions fell 0.1 percent to $2,024.49 per ounce. US gold futures also fell 0.1 percent to …

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• 19 December 2023 1:10 am

  Market Drivers – US Session, December 17

  

  The US Dollar Index ended Monday’s quiet session unchanged at 102.60. US 10-year yield increased slightly, but it remained below 4%. Wall Street saw increases in stocks, as the Dow Jones hit a new all-time high.Despite rising yields, gold only slightly increased and fell short of regaining $2,030. XAU/USD is …

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• 19 December 2023 1:02 am

  USD/CHF lower ahead of PCE data

  

  The USD/CHF pair has started the week down due to the US Fed’s dovish surprise and the looming release of Personal Consumption Expenditures (PCE) data from November. The pair’s movements reflect the continued softness of the dollar, which came in the wake of the Fed’s dovish surprise and ahead of …

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• 19 December 2023 12:06 am

  The GBP/JPY pair fluctuates ahead of looming BoJ rate announcement

  

  BoJ Governor Ueda will be closely watched by observers for any indications of a hawkish stance. Over the course of the year, UK inflation is predicted to print slightly lower than it did in the near term.Monday saw a test of the GBP/JPY pair back into the 181.00 handle, but …

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• 18 December 2023 11:35 pm

  US Stocks add to seven-week gains as S&P 500 rises

  

  Monday saw gains in US stocks as the market continued to show signs of strength after a seven-week winning run. The Dow Jones Industrial Average increased by 0.02%, or 7 points. The Nasdaq Composite gained 0.7%, while the S&P 500 increased by 0.5%.The overall index is currently just over 1% …

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• 18 December 2023 9:20 pm

  WTI surges on geopolitical tension amid supply disruptions concerns

  

  Middle East geopolitical concerns have caused a more than 2% increase in WTI crude oil prices. Attacks on ships by a militant organisation associated with Iran that disrupt oil shipping routes across the Red Sea serve as the impetus for the rally. The price of WTI is supported by geopolitical …

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