Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 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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• 5 November 2024 1:18 am

  What is Trump’s MAGANOMICS? Why Is It criticized?

  

  MAGANOMICS is a term used to describe the economic policies advocated by former US President Donald Trump. These policies generally prioritize tax cuts, deregulation, and protectionist trade measures.“MAGAECONOMICS” refers to the economic policies and principles associated with former President Donald Trump’s “Make America Great Again” (MAGA) agenda. These policies were …

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• 5 November 2024 1:05 am

  Australian Dollar Strengthens as Markets Await RBA Decision

  

  The AUD/USD surged higher on Monday, rising by 0.70% to 0.6600 amid expectations of a hawkish Reserve Bank of Australia (RBA) policy decision and uncertainty surrounding the US presidential election. The US Dollar weakened on speculation of a Kamala Harris victory and the Federal Reserve’s dovish rate cut bets.Economic Data …

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• 5 November 2024 12:13 am

  Market Drivers; US Session

  

  US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …

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• 4 November 2024 10:34 pm

  Dow Jones Dips Amid Election Uncertainty and Fed Rate Cut Expectations

  

  The Dow Jones Industrial Average (DJIA) declined over 0.29% on Monday, as investors grapple with uncertainty surrounding the US presidential election and the Federal Reserve’s upcoming rate decision.Market Volatility and Election ConcernsRecent fluctuations in election polls have heightened market volatility. The CBOE Volatility Index (VIX) has surged above 20, indicating …

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