Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 13 December 2024 11:23 am

  Bitcoin Declines Ahead of Fed Rate Decision; ETFs See Continued Inflows

  

  Bitcoin retreated slightly on Friday, easing from recent highs as traders became cautious ahead of the Federal Reserve’s upcoming interest rate decision. Despite a rally spurred by President-elect Donald Trump’s pro-crypto remarks, the lack of concrete policy cues limited further momentum. Key Bitcoin Market Updates Price Movement: Bitcoin fell 0.7% …

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• 13 December 2024 11:22 am

  Gold Prices Steady Amid Dollar Strength and Fed Meeting Anticipation

  

  Gold prices stabilized during Friday’s Asian trading session after experiencing significant losses the previous day. A stronger U.S. dollar, fueled by expectations surrounding next week’s Federal Reserve meeting, weighed on the yellow metal. However, gold retained most of its weekly gains, supported by heightened geopolitical tensions in the Middle East …

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• 13 December 2024 1:55 am

  Canada ponders taxes on oil and uranium exports to counter Trump’s probable trade war

  

  Canada is considering export taxes on major commodities it exports to the US, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he pledged, per Bloomberg. Retaliatory tariffs on U.S.-made goods and export controls on certain Canadian products are most likely, with export levies also on …

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• 13 December 2024 12:59 am

  Oil Markets Stumble as Supply Concerns Overshadow Demand Hopes

  

  Oil prices retreated this week, unable to sustain the momentum from the previous day’s rally. A confluence of factors, including a downward revision to global oil demand forecasts by OPEC, a strengthening US Dollar, and ample supply prospects, weighed on market sentiment. The Organization of the Petroleum Exporting Countries (OPEC) …

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• 12 December 2024 11:25 pm

  The US dollar strengthens as ECB President Lagarde suggests further rate cuts.

  

  After European Central Bank (ECB) President Christine Lagarde acknowledged discussions of a potential 50 basis point (bps) interest rate cut, the US Dollar Index (DXY), which compares the value of the USD to a basket of currencies, increased toward 106.70 on Thursday. This comes after the ECB decided to lower …

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• 12 December 2024 10:21 pm

  After PPI Data, Dow Jones Pauses Amidst Sticky Inflation

  

  The Dow Jones Industrial Average (DJIA) has recently encountered a roadblock in its upward trajectory, as investors grapple with persistent inflationary pressures. The latest US Producer Price Index (PPI) data, which came in hotter than expected, has ignited concerns about the Federal Reserve’s (Fed) ability to swiftly return inflation to …

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• 12 December 2024 9:40 pm

  Gold’s Uncertain Path: A Tug-of-War Between Rate Cuts and Inflation

  

  Gold prices experienced a downturn this week, shedding over 1% as investors grappled with conflicting economic signals from the United States. While a softer-than-expected jobs report pointed towards a potential easing of monetary policy, a surprising uptick in producer prices raised concerns about persistent inflationary pressures.The Fed’s Tightrope WalkMarket participants …

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• 12 December 2024 8:41 pm

  

  China seeks other strong trade relations to counter existing tensions with America, EU China’s economic recovery is a delicate balancing act, as the nation navigates a complex geopolitical landscape. The once-booming economy, a cornerstone of global growth, now faces a myriad of challenges, from escalating trade tensions with the West …

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• 12 December 2024 7:33 pm

  Euro Weakens as ECB Cuts Rates, US Dollar Gains Strength

  

  ECB’s Dovish Stance Weighs on the EuroThe European Central Bank (ECB) has once again cut interest rates by 25 basis points, signaling a continued dovish stance. This move, aimed at stimulating economic growth and combating deflationary pressures, has weakened the Euro. Additionally, ECB President Christine Lagarde’s acknowledgment of discussions regarding …

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• 12 December 2024 5:27 pm

  ECB Cuts Rates Again Amid Economic Woes and Near-Target Inflation

  

  The European Central Bank (ECB) lowered its key interest rates at its Thursday meeting, as anticipated, in an effort to combat weak growth across the eurozone. It also hinted at further easing measures in 2025, reflecting the region’s ongoing economic challenges. Key Decisions Deposit Rate: Reduced by 25 basis points …

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• 12 December 2024 3:41 pm

  Nvidia Refutes Claims of Supply Cuts to China

  

  Nvidia (NASDAQ:NVDA) has denied recent rumors circulating on social media about plans to reduce supplies to China. In a post on Chinese social media, the company clarified that these allegations were false. Nvidia’s Commitment to China Nvidia emphasized that China remains an important market for the company. It reiterated its …

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• 12 December 2024 2:58 pm

  U.S. Dollar Steady as Markets Await ECB Rate Cut, Swiss Franc Falls Following SNB Decision

  

  The U.S. dollar remained relatively unchanged on Thursday, holding steady ahead of the European Central Bank’s (ECB) much-anticipated monetary policy decision later in the day. Traders are widely expecting the ECB to implement a quarter-point rate cut, with the euro edging slightly higher in anticipation of the move. Meanwhile, the …

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• 12 December 2024 2:05 pm

  European Stocks Edge Higher as ECB Rate Decision Looms

  

  European markets inched up on Thursday morning, supported by gains in cyclical sectors, as investors awaited key monetary policy decisions from the European Central Bank (ECB) and the Swiss National Bank (SNB). The STOXX 600 index, a benchmark for European equities, rose 0.1% as of 0814 GMT, extending its rally …

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