Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 30 December 2024 10:03 pm

  EUR/USD Slumps Below 1.0400 as Holiday Trading Cools

  

  The EUR/USD pair slipped below the 1.0400 level on Monday as subdued trading volumes characterized the final days of the year. With many markets closed for the New Year’s holiday, investor activity has significantly diminished, leading to muted price action across most asset classes.The upcoming holiday week will see further …

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• 30 December 2024 8:58 pm

  Sterling Weakens Against US Dollar as Year-End Trading Winds Down

  

  The Pound Sterling (GBP) weakened against the US Dollar (USD) on Monday, as the US Dollar rebounded in thin trading conditions ahead of the New Year holiday. The GBP/USD pair fell below 1.2550 after failing to sustain an intraday high above 1.2600.The US Dollar Index (DXY) rose towards 108.30, poised …

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• 30 December 2024 7:52 pm

  XAU/USD Slides as US Dollar Rebounds, Fed Signals Fewer Rate Cuts

  

  Gold prices declined sharply on Monday, falling towards $2,600, as the US Dollar strengthened. The US Dollar Index (DXY) rebounded above 108.00, making gold more expensive for holders of other currencies.While lower US Treasury yields typically weigh on gold, the relationship between the two assets was less pronounced on Monday. …

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• 30 December 2024 5:17 pm

  European Stock Markets Mixed as 2024 Nears Close

  

  European stocks exhibited a mixed performance on Monday, reflecting the cautious sentiment on the final full trading day of the year. DAX (Germany): +0.1% CAC 40 (France): +0.1% FTSE 100 (UK): -0.2% Muted Trading ActivityWith many markets preparing for early closures on Tuesday for the New Year holiday, trading volumes …

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• 30 December 2024 3:56 pm

  US Dollar Retreats Slightly but Holds Near Highs as Year-End Approaches

  

  The US dollar edged down on Monday, with the Dollar Index slipping 0.1% to 107.690 as of 09:55 GMT. Despite this minor dip, the dollar remains on track for a monthly gain of over 2%, bringing its year-to-date rise to nearly 7%. Key Drivers Behind the Dollar’s Performance: Rising Treasury …

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• 30 December 2024 2:38 pm

  Bitcoin Declines Amid Strong Dollar and Rate Concerns

  

  Bitcoin continued its downward trend on Monday, slipping 1.6% to $93,869.0 by 10:04 GMT. This follows its peak of over $108,000 nearly two weeks ago. Despite the recent pullback, Bitcoin remains up a remarkable 120% year-to-date, fueled by optimism over potential digital currency backing under the incoming Trump administration. Market …

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• 30 December 2024 1:52 pm

  Boeing Shares Drop Amid South Korea’s Deadliest Aviation Disaster

  

  Boeing’s (NYSE:BA) stock fell over 4% in premarket trading on Monday following a tragic aviation accident involving a Boeing 737-800 in South Korea. The crash, which occurred at Muan International Airport, claimed the lives of 179 people and is being labeled as the deadliest air disaster in the country’s history. …

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• 30 December 2024 1:27 pm

  Oil Prices Dip Amid Thin Holiday Trade, Eyes on U.S. and China Data

  

  Oil prices edged lower on Monday in light holiday trading as markets awaited key economic data from China and the U.S., the world’s two largest oil consumers, to gauge future growth prospects. Price Movement Brent crude futures slipped 8 cents to $74.09 a barrel by 0700 GMT, while the more …

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• 29 December 2024 9:07 pm

  Weekly Recap: A Rocky Year’s Finish

  

  The US stock market experienced a decline in the holiday-shortened week, with the S&P 500 and Nasdaq Composite declining by 1.1% and 1.5% respectively largely due to the performance of the communication services and information technology sectors. However, US Treasury yields have continued to rise, surpassing the 4.6% mark, largely …

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• 27 December 2024 11:55 pm

  Gold Price Slumps Amid Existing Elevated Interest Rates

  

  Gold prices continued their downward trajectory today, weighed down by persistently strong US interest rates. This decline brings the market closer to a critical support level – a key trend line – whose breach could signal further weakness. The precious metal is trading at 2,620.95, down -0.45% on the day.Technical …

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• 27 December 2024 10:44 pm

  The Dollar’s End-of-Year Strength: A Tale of Resilience

  

  The US Dollar Index (DXY) continues to display remarkable strength as the year draws to a close, trading near 108.00 despite the holiday-thinned market. While muted trading activity and cautious market sentiment have limited volatility, the dollar remains firmly bid. This resilience reflects a confluence of factors, from the robust …

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• 27 December 2024 9:22 pm

  Dow Jones Slumps as Tech Retreats Amid Holiday Thin Trading

  

  The Dow Jones Industrial Average (DJIA) experienced a significant decline on Friday, shedding nearly 400 points. This downturn occurred amidst thin holiday trading volumes, with many investors remaining on the sidelines. The broader market also cooled, particularly in the technology sector, as investors engaged in some profit-taking ahead of the …

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• 27 December 2024 7:49 pm

  The Eurozone’s Shifting Sands: Southern Resilience, Northern Woes

  

  The EUR/USD currency pair recently displayed a modest rebound, inching towards 1.0430 after a period of decline. While this provides some respite, the pair remains below the crucial 20-day SMA, indicating a persistent downtrend. A sustained break above this SMA would be necessary to signal a potential shift in market …

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