Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 13 November 2024 2:21 am

  Market Drivers; US Session

  

  Dollar Strengthens Ahead of Key Data The US Dollar extended its rally on Wednesday, reaching a six-month high as investors remained optimistic about the “Trump trade.” The upcoming release of crucial US economic data, particularly the Inflation Rate, is set to be a major market mover. Key Developments:US Dollar Index …

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• 13 November 2024 12:58 am

  XAU/USD Declines on Soaring Dollar Ahead of Inflation Data

  

  Gold prices have experienced a sharp decline, falling below the crucial $2,600 level, as the US Dollar strengthens and Treasury yields rise. This downward trend is primarily driven by a combination of factors, including a less dovish Federal Reserve, escalating geopolitical tensions, and a shift in investor sentiment.A Strengthening Dollar …

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• 12 November 2024 11:49 pm

  EUR/USD Plummets to One-Year Low

  

  The Euro has continued its downward spiral against the US Dollar, breaching the 1.06 level on Tuesday. This marks a significant decline for the currency pair, which has been under pressure for several weeks.Why is the pair declining?Several factors are contributing to the Euro’s weakness:US Economic Strength: The US economy …

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• 12 November 2024 10:57 pm

  GBP/USD Plunges Amidst Economic Woes and Dollar Strength

  

  The GBP/USD currency pair experienced a sharp decline on Tuesday, shedding nearly 1% of its value. This significant downward movement was primarily driven by a confluence of factors, including a strengthening US dollar, rising UK unemployment rates, and lingering concerns about the UK’s economic outlook.The GBP/USD pair is facing significant …

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• 12 November 2024 10:14 pm

  Crude Oil Struggles Amid Bearish Market Sentiment

  

  Crude Oil prices have faced downward pressure due to a combination of factors, including increased supply and weakening global demand. Despite a brief rebound, the overall market sentiment remains bearish.Key Factors Impacting Oil Prices:OPEC’s Supply Outlook: The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand …

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• 12 November 2024 9:06 pm

  Dow Jones Pauses After Election Rally As Focus Shifts To Inflation Data

  

  The Dow Jones Industrial Average (DJIA) took a breather on Tuesday, retreating slightly from its recent post-election rally. Despite the minor pullback, the index remains firmly above the 44,000 level, indicating a strong bullish sentiment among investors.The Dow Jones Industrial Average’s recent pause reflects a natural market correction after a …

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• 12 November 2024 7:23 pm

  Fed’s Kashkari: Can’t declare victory on inflation, but have reasons to be confident

  

  Federal Reserve Bank of Minneapolis President Neel Kashkari noted on Tuesday that while the Fed has many reasons to feel confident about its long-running battle with transitory inflation, it still may be too soon to declare outright victory. Key US Consumer Price Index (CPI) figures expected in the midweek are …

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• 12 November 2024 4:33 pm

  German Investor Morale Dips Amid Political and Global Uncertainty

  

  Investor confidence in Germany took a notable hit in November, clouded by the combined impact of domestic political turmoil and global economic uncertainties stemming from Donald Trump’s re-election as U.S. president. The ZEW Institute reported a substantial decline in its economic sentiment index, which dropped to 7.4 points from 13.1 …

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• 12 November 2024 2:41 pm

  Oil Prices Steady as Market Awaits OPEC Report Amid China Stimulus Disappointment and Supply Concerns

  

  Oil prices remained largely unchanged on Tuesday, with investors holding off major moves ahead of OPEC’s anticipated monthly report. Market sentiment was also shaped by China’s recent underwhelming stimulus measures and continued oversupply concerns. As of 07:45 GMT, Brent crude futures inched up 4 cents to $71.87 per barrel, while …

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• 12 November 2024 1:27 pm

  U.S. Dollar Surges to Four-Month High Amid Expectations for Trump-Led Policies and Fed Tightening

  

  The U.S. dollar continued its upward momentum on Tuesday, reaching a four-month peak as financial markets factored in the impact of an incoming Donald Trump administration and a potentially more hawkish Federal Reserve stance. At 04:00 ET (09:00 GMT), the Dollar Index, which measures the currency against a basket of …

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• 12 November 2024 12:41 pm

  European Stocks Dip as Inflation and Employment Data Weigh on Sentiment

  

  European stock markets fell on Tuesday morning as investors assessed fresh economic data from the region, particularly inflation and employment figures, alongside quarterly earnings updates from key corporations. At 03:10 ET (08:10 GMT), Germany’s DAX was down 0.9%, France’s CAC 40 dropped 1%, and London’s FTSE 100 slipped by 0.4%. …

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• 12 November 2024 2:26 am

  Recent surge could lead Bitcoin’s $90K-$100K Ceiling: A Market Maker’s Challenge

  

  Bitcoin’s relentless ascent has recently captured the world’s attention, with many analysts predicting further price increases. However, a significant hurdle may lie ahead: the $90,000 to $100,000 price range. Market makers, the financial institutions that facilitate trading by providing liquidity, could play a crucial role in capping Bitcoin’s upward momentum …

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• 12 November 2024 1:28 am

  Oil price declines as investors let down by China’s stimulus plan

  

  The price of WTI drops to about $68.00 in the early Asian session on Tuesday. The USD-denominated oil is impacted by the strengthening USD. Investors were let down by China’s stimulus plan, which caused the WTI price to decline. The benchmark for US crude oil, West Texas Intermediate (WTI), is …

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