Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2025

• 17 January 2025 11:55 am

  Gold Steadies Near One-Month High Amid Rate Uncertainty and Trump Policies

  

  Gold prices hovered near a one-month high during Asian trading hours on Friday, driven by investor uncertainty over U.S. interest rate policy and the incoming administration of President Donald Trump. Meanwhile, industrial metals like copper gained ground, buoyed by robust economic data from China. Gold Gains on Dollar Weakness and …

  Read More »
• 17 January 2025 10:51 am

  Trump Set to Make Cryptocurrency a National Priority

  

  President-elect Donald Trump is reportedly preparing to issue an executive order that would elevate cryptocurrency to a national policy priority, signaling a significant shift in the U.S. government’s approach to digital assets. According to Bloomberg, the move, expected as early as Monday, could grant the cryptocurrency industry greater influence over …

  Read More »
• 17 January 2025 2:01 am

  Oil Prices Dragged Almost 3% Lower By US Draw, Red Sea Calm, Sanctions

  

  Oil prices experienced a slight decline, driven by a convergence of factors. A potential ceasefire agreement in the Red Sea, aimed at halting Houthi attacks on shipping, has eased maritime security concerns and reduced geopolitical risk premiums. This development, coupled with a recent agreement between Israel and Hamas to end …

  Read More »
• 17 January 2025 12:54 am

  Canadian Dollar Stumbles as Data Doldrums Persist

  

  The Canadian Dollar weakened against the US Dollar on Thursday, extending its recent consolidation phase. A lack of significant economic data releases from Canada left the Loonie vulnerable to market shifts.USD/CAD traded near multi-year highs, hovering around the 1.4400 level. While US Retail Sales and Initial Jobless Claims showed some …

  Read More »
• 16 January 2025 11:41 pm

  Gold Surpasses $2,710 on Declining Dollar, Falling Yields

  

  Gold prices surged above the $2,700 mark on Thursday and is trading even above this level, at $2,714 at the timee of writing. This bold price action is certainly fueled by a weaker US Dollar and declining US Treasury yields. This rally comes amidst mixed economic data from the United …

  Read More »
• 16 January 2025 10:39 pm

  Euro Soars as Dollar Dives on Fed Hints and Economic Data

  

  The Euro has capitalized on the US Dollar’s decline, which fell below the 109.00 mark on the US Dollar Index, a measure of the greenback’s performance against a basket of six major currencies. This occurred despite the outcome of the European Central Bank’s December meeting.The Euro/Dollar pair rose to 1.0301, …

  Read More »
• 16 January 2025 9:24 pm

  The Inferno of Inflation: How Wildfires Could Fuel US Economic Woes

  

  Could Los Angeles fires impact the US economy or push inflation higher? The recent devastating wildfires in Los Angeles have ignited concerns beyond the immediate human and environmental toll. Economists warn that these infernos will not only scorch the land but also fan the flames of inflation, further complicating the …

  Read More »
• 16 January 2025 8:21 pm

  Wall Street Banks Ride Dealmaking Wave: Morgan Stanley Leads the Charge

  

  Wall Street Banks: A Tide of Profits Lifted All BoatsThe fourth quarter of 2024 witnessed a surge in profitability for major Wall Street banks, driven by a confluence of favorable factors. Morgan Stanley, the bellwether of the industry, led the charge with a more than doubling of profits, fueled by …

  Read More »
• 16 January 2025 7:17 pm

  U.S. Retail Sales End 2024 on a High Note, Labour Market Still Robust

  

  U.S. retail sales demonstrated continued strength in December, driven by robust consumer demand for motor vehicles and a broad range of other goods. This positive data, coupled with a strong labor market, reinforces the Federal Reserve’s cautious approach to interest rate cuts.The Commerce Department reported a 0.4% increase in retail …

  Read More »
• 16 January 2025 4:26 pm

  Dollar Steadies Amid Bond Yield Drop as Markets Brace for Trump’s Inflationary Policies

  

  The U.S. dollar held its ground on Thursday, even as U.S. bond yields fell sharply following better-than-expected inflation data. Market participants have now turned their focus to next week’s inauguration of President-elect Donald Trump and the anticipated inflationary effects of his economic policies. The U.S. Dollar Index, which measures the …

  Read More »
• 16 January 2025 2:42 pm

  Global Markets Surge Amid Inflation Relief and Robust Earnings

  

  Global markets rallied on Thursday, continuing the momentum sparked by Wednesday’s encouraging U.S. inflation data and strong corporate earnings across multiple sectors. Key Highlights Earnings Boost Confidence Richemont (SIX:CFR): Shares of the luxury goods maker soared 17%, marking its best single-day performance in 17 years, following results that exceeded expectations. …

  Read More »
• 16 January 2025 1:25 pm

  European Stock Markets Edge Higher Amid Optimism on U.S. Inflation and Earnings

  

  European stock markets extended their gains on Thursday, buoyed by easing inflation in the U.S., which reinforced hopes for potential Federal Reserve rate cuts. However, weaker-than-expected UK economic growth and rising German consumer prices slightly tempered enthusiasm. Market Overview Germany’s DAX: Up 0.3% France’s CAC 40: Gained 0.7% UK’s FTSE …

  Read More »
• 16 January 2025 11:55 am

  Oil Prices Rise Amid Supply Concerns and Stronger Demand Outlook

  

  Oil prices extended their gains for a second consecutive session on Thursday, bolstered by concerns over potential supply disruptions due to expanded U.S. sanctions on Russia, a sharper-than-expected drop in U.S. crude inventories, and signs of improving global demand. Price Movements Brent Crude: Increased by 23 cents (0.3%) to $82.26 …

  Read More »