Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 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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• 11 November 2024 11:58 pm

  Market Drivers; US Session

  

  As investors braced for the release of US data and a slew of Fed speakers later this week, the greenback surged to new highs on the strength of the “Trump trade.”Due to investors’ reevaluation of possible Trump policies and the effect on the Fed’s easing cycle, the US Dollar Index …

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• 11 November 2024 11:11 pm

  XAU/USD Declines Amid Firmer US Dollar Ahead of Trump’s Protectionist Policies

  

  Gold prices have experienced a significant decline, plummeting over 2.5% on Monday as the US Dollar surged to a four-month high. This downward trend is primarily driven by growing concerns over potential trade tensions under a second Trump presidency. The US Dollar Index (DXY) has climbed to 105.57, boosted by …

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• 11 November 2024 10:07 pm

  Yen Under Pressure as BoJ Uncertainty and US Yield Rise

  

  The Japanese Yen (JPY) continues its downward trajectory against the US Dollar (USD) as uncertainty surrounding the Bank of Japan’s (BoJ) monetary policy persists. Recent developments in Japan’s political landscape and mixed signals from the central bank have raised doubts about the likelihood of future interest rate hikes.BoJ’s Cautious StanceThe …

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• 11 November 2024 9:11 pm

  EUR/GBP Plunges Further Near Multi-Year Low

  

  The EUR/GBP pair extended its downward trajectory on Monday, dipping 0.27% to approach its lowest level since March 2022, around 0.8270. This decline marks a continuation of a five-day losing streak, indicating a strong bearish trend.OutlookGiven the prevailing bearish trend, the EUR/GBP pair is expected to remain under downward pressure. …

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• 11 November 2024 8:09 pm

  What type of Trade War do markets expect under Trump’s presidency?

  

  Under Trump’s presidency, as the Chinese economy is more dependent on exports, making tariffs more potent. However, it is less reliant on American markets and increasingly bent on self-sufficiency. Chinese leaders are directing investment into robotics and aviation to accelerate industrial advances. The balance of power has shifted in favour …

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• 11 November 2024 3:28 pm

  Market Review: Euro Dips to 4-Month Low Against Dollar Amid Tariff Fears and U.S. Policy Uncertainty

  

  The euro fell to its lowest level in 4 and a half months against the U.S. dollar on Monday, as concerns about potential U.S. tariffs weighed heavily on the currency and investors reacted to growing uncertainties surrounding U.S. economic policy under President-elect Donald Trump. At 10:00 GMT, the euro was …

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