Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 21 October 2024 9:46 am

  Gold Surges to Record High Amid U.S. Election Uncertainty and Middle East Tensions

  

  Gold prices soared to a new record in Asian trading on Monday, driven by increased safe-haven demand as geopolitical tensions in the Middle East intensified and uncertainty loomed over the upcoming U.S. presidential election. Spot gold climbed 0.4% to $2,732.86 per ounce, while December gold futures rose 0.6%, reaching $2,747.70 …

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• 21 October 2024 12:54 am

  Weekly Recap: Market Rollercoaster Starring Geopolitics, Tech Tumble, and Alpha Picks Shine

  

  This week, global stock markets continued their upward trajectory, driven primarily by robust performance in tech stocks as well as positive sentiment surrounding China’s economic stimulus measures. Major US indices, including the S&P 500 and the Dow Jones Industrial Average, reached fresh all-time highs, extending their winning streaks to six …

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• 18 October 2024 11:31 pm

  Dollar Pauses as Market Awaits Fed Signals

  

  The US Dollar experienced a pullback on Friday, primarily driven by profit-taking after a recent surge. Investors are keenly focused on upcoming speeches by Federal Reserve officials, which could provide clues about the central bank’s monetary policy trajectory.Housing Data Shows WeaknessMeanwhile, US housing data released earlier in the day revealed …

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• 18 October 2024 10:55 pm

  Dow climbs to fresh highs following positive earnings

  

  The Dow Jones Industrial Average (DJIA) continued its upward trajectory on Friday, reaching a new record high. This surge was primarily driven by strong Q3 earnings reports from various companies, which surpassed market expectations and bolstered investor confidence. Additionally, positive economic data, including upbeat Retail Sales and construction figures, eased …

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• 18 October 2024 9:45 pm

  Market Oversupply Looms as Demand Forecasts Weaken

  

  The global oil market is facing a significant oversupply next year, according to recent forecasts from both OPEC and the International Energy Agency (IEA). Both organizations have revised their oil demand projections downwards, indicating a potential surplus in the market.Commerzbank commodity analyst Carsten Fritsch noted that OPEC now expects global …

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• 18 October 2024 8:36 pm

  T-yields plunge following fresh us data

  

  U.S. Treasury yields have declined, pressured by a fresh batch of positive economic data and uncertainty surrounding the 2024 U.S. presidential election and the Federal Reserve’s future interest rate path. Treasury yields dropped to 4.074%, compared to the previous day’s close of 4.096%. Yields on these sovereign securities had reached …

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• 18 October 2024 7:25 pm

  This is why Volvo’s earnings slipped

  

  Volvo has reported a significant decline in earnings for the third quarter of 2024, primarily driven by a slowdown in the demand for trucks and construction equipment. Reduced economic activity in the construction sector and a model changeover in Europe have contributed to this decline.While Volvo’s bus operations have shown …

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• 18 October 2024 3:53 pm

  U.S. Stock Futures Rise on Tech Gains, Netflix Surges After Strong Results

  

  U.S. stock futures edged higher on Friday, driven by technology sector gains, particularly in the Nasdaq 100. Leading the charge was Netflix, whose shares jumped 6.5% in premarket trading after exceeding Wall Street expectations for subscriber growth and projecting continued growth through the end of the year. Other “Magnificent Seven” …

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• 18 October 2024 2:02 pm

  European Markets Rally as Tech and Luxury Stocks Surge, STOXX 600 Set for Weekly Gains

  

  European shares advanced on Friday, buoyed by a tech stock rebound and positive corporate earnings. The Europe-wide STOXX 600 index climbed 0.3% by 0840 GMT, with the tech sector leading the charge after a turbulent week. The index appeared set for its second consecutive weekly gain, bolstered by the European …

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• 18 October 2024 12:34 pm

  Gold Prices Hit Record High Amid Safe Haven Demand Ahead of U.S. Election and ECB Rate Cut

  

  Gold prices soared to a new record in Asian trading on Friday, driven by strong safe haven demand as the U.S. presidential election looms and geopolitical tensions escalate. Spot gold rose 0.4% to a record high of $2,705.26 an ounce, while December futures climbed 0.5% to $2,720.15 an ounce. Safe …

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• 18 October 2024 11:53 am

  European Shares Hold Steady Amid Mixed Sector Movements and ECB Rate Cuts

  

  European shares opened on a cautious note on Friday, following strong gains from the previous session, which were driven by the European Central Bank’s (ECB) interest rate cut and upbeat earnings reports. The Europe-wide STOXX 600 index dipped slightly, down 0.05% as of 0718 GMT. Real estate companies led the …

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• 18 October 2024 11:10 am

  Crude Oil Futures Stabilize as Mixed Signals Cloud Global Demand Outlook

  

  Crude oil futures steadied on Friday after an uptick in U.S. retail sales, but concerns about global demand weighed on the market as mixed economic indicators from China persisted. Prices remained on course for their largest weekly loss in over a month. As of 0338 GMT, Brent crude futures edged …

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• 18 October 2024 3:13 am

  Market Drivers, US Session

  

  The U.S. Dollar’s strength continued unabated, driven by robust domestic economic data and a marginally dovish stance from the European Central Bank. This positive sentiment for the U.S. Dollar was evident in its continued appreciation against major currencies.Key economic indicators and events to watch on Friday, October 18, included the …

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