Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 16 December 2024 1:40 am

  Weekly Recap: Central banks on the move

  

  Last Monday, the Nasdaq index temporarily surpassed the 20,000-point mark, setting a new record. Strong economic growth, increasing corporate profits, moderate inflation, and the beginning of central banks easing their monetary policies have all contributed to the stock market’s successful performance this year. However, some uncertainties remain about the future …

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• 14 December 2024 1:31 am

  T-Yields Rise, US Dollar Strengthens on Robust Inflation Data

  

  The US dollar continued its upward trajectory on Friday, buoyed by strong inflation data released earlier in the week. The data revealed that US consumer and producer prices have remained elevated, reinforcing expectations of a more hawkish Federal Reserve. The dollar index, which measures the greenback against a basket of …

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• 14 December 2024 12:18 am

  ECB’s Rate Cut Weighs on Euro, but Technicals Hint at Potential Rebound

  

  Euro Under Pressure, But a Technical Rebound LoomsThe Euro has been grappling with downward pressure following the European Central Bank’s (ECB) decision to cut interest rates. The EUR/USD pair, a key currency market indicator, has hovered near the 1.0500 level, suggesting a delicate balance between bearish and bullish forces.Technical Analysis …

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• 14 December 2024 12:07 am

  What could looming Fed’s rate cut mean for investors?

  

  The Federal Reserve’s impending interest rate cut is a complex event with far-reaching implications for investors and consumers alike. While it may offer some short-term relief, it also introduces a host of uncertainties and potential risks.A Cautious PivotThe Fed’s decision to ease monetary policy reflects a cautious approach to navigating …

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• 13 December 2024 11:48 pm

  S&P 500 Pauses as Investors Digest Recent Gains

  

  The S&P 500 was little changed on Friday, putting it on track for a weekly decline. Despite a strong performance by technology stocks, led by Broadcom’s surge following impressive earnings results, the broader market remained relatively subdued.Broadcom’s market capitalization surpassed $1 trillion, driven by soaring artificial intelligence demand. Other tech …

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• 13 December 2024 10:28 pm

  What Are The Best-Performing Commodity ETFs in 2024?

  

  While financial assets have had a stellar year, commodity ETF performance has been merely “okay.” The top-performing broad commodity ETF of the year, the WisdomTree Enhanced Commodity Strategy Fund (GCC), increased 17.5% so far this year through December 11. However, the $4.3 billion Invesco Optimum Yield Diversified Commodity ETF (PDBC), …

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• 13 December 2024 9:49 pm

  XAU/USD declines on rising T-yields as FOMC meeting looms

  

  Gold, often considered a safe-haven asset, has recently faced headwinds as rising US Treasury yields and a stronger dollar have weighed on its price. While geopolitical tensions and economic uncertainties could provide support for the precious metal, the Federal Reserve’s monetary policy decisions will play a crucial role in shaping …

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• 13 December 2024 8:58 pm

  Pro-Crypto US Politician Appointed Chairman of House’s Financial Services Committee

  

  The House Financial Services Committee’s new chairman, French Hill, was chosen by Republicans. Hill is an advocate for cryptocurrency and led the FIT21 bill to regulate it. Chair Patrick McHenry is retiring, and French Hill will take over. Pro-crypto members of the Republican Party Patrick McHenry, who is retiring, will …

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• 13 December 2024 7:38 pm

  Crude oil swings around $70 ahead of hoped weekly gains

  

  Crude oil prices have recently seen a surge, pushing crude oil futures above the $70 per barrel mark. While this upward trend is fueled by factors like OPEC+ production cuts and geopolitical tensions, a closer look reveals a more complex picture. The recent rally in oil prices is a testament …

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• 13 December 2024 3:13 pm

  U.S. Futures Rise as Broadcom’s AI Outlook Lifts Sentiment, Fed Meeting in Focus

  

  U.S. stock index futures edged higher on Friday, recovering from the previous session’s losses on Wall Street. Investors turned their attention to strong guidance from chipmaker Broadcom and the Federal Reserve’s upcoming policy meeting, set to shape the outlook for interest rates as the year closes. As of 05:50 ET …

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• 13 December 2024 2:10 pm

  European Stocks Decline as Investors Weigh Economic and Policy Uncertainties

  

  European stock markets edged lower on Friday, poised to end a three-week winning streak as investors sought clarity on the euro zone’s monetary easing trajectory and grappled with concerns about slowing economic growth and rising geopolitical risks. The pan-European STOXX 600 index dipped 0.1%, setting it up for a 0.3% …

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• 13 December 2024 1:15 pm

  UK Economy Contracts for Second Consecutive Month Amid Budget Transition

  

  The UK economy shrank for the second month in a row in October, marking the first back-to-back declines in economic output since the early days of the COVID-19 pandemic. Gross domestic product (GDP) fell by 0.1% in October, mirroring the contraction seen in September, according to data from the Office …

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• 13 December 2024 12:27 pm

  Asian Markets Tumble as Stimulus Disappoints and Fed Decision Looms

  

  Asian equities faced a broad sell-off on Friday, mirroring Wall Street’s overnight losses, as investors braced for a pivotal U.S. Federal Reserve meeting next week. The Chinese markets led the region’s declines, weighed down by underwhelming policy signals from a closely watched legislative gathering. U.S. stock indexes closed in the …

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