Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 23 December 2024 1:59 pm

  European Stock Markets Start the Week Lower

  

  European markets opened the week in the red, reflecting a subdued trading environment as the Christmas holiday approaches. At 03:13 ET (08:13 GMT), major indices showed minor declines: Germany’s DAX: -0.4% France’s CAC 40: -0.1% UK’s FTSE 100: -0.1% With many markets preparing to close early or remain shut on …

  Read More »
• 23 December 2024 1:15 pm

  Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance

  

  Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and hawkish signals from the Federal Reserve continued to weigh on risk assets. Market Performance Bitcoin declined by 0.7%, trading at $95,445.4 as of 00:41 ET (05:41 GMT), extending a losing streak in five of the …

  Read More »
• 23 December 2024 12:25 pm

  UK Economic Stagnation Highlights Challenges for Starmer’s New Government

  

  The British economy showed no growth in the third quarter, according to revised data from the Office for National Statistics (ONS), highlighting economic challenges facing Prime Minister Keir Starmer‘s government. The ONS adjusted its estimate of GDP growth for the July-to-September period to 0.0%, down from an initial projection of …

  Read More »
• 23 December 2024 11:21 am

  Oil Prices Edge Higher Amid Cooling Inflation and Supply Resumptions

  

  Oil prices began the week on a positive note, bolstered by data showing cooling U.S. inflation, which revived hopes for monetary policy easing in 2024, supporting global economic growth and oil demand. Brent crude futures rose $0.26 (0.4%) to $73.20 per barrel, while West Texas Intermediate (WTI) crude climbed $0.31 …

  Read More »
• 22 December 2024 11:31 pm

  Weekly Recap: Fed Hawkishness Shakes Stocks, Dollar Strengthens

  

  US stocks had a volatile week, with a sharp decline on Wednesday, followed by recovery on Friday. Volatility followed Fed’s unexpected hawkish stance during the last policy meeting in 2024. While the Fed approved a widely anticipated quarter-point interest rate cut, its projection for fewer rate cuts in 2025 than …

  Read More »
• 21 December 2024 1:12 am

  EUR/USD rebounds following American PCE data

  

  EUR/USD is about 0.70% up, trading at 1.0427 at the time of writing. Earlier on Friday, the EUR/USD pair has rebounded above 1.0400 in the North American session after posting a three-week low near 1.0340 in Asian trading hours. The major currency pair’s growth in the US Personal Consumption Expenditures …

  Read More »
• 21 December 2024 12:19 am

  Explainer: Why Does Latest EIA’s Report Matter for Energy Markets?

  

  The recent report from the US Energy Information Administration (EIA) revealed a smaller-than-expected drawdown in U.S. commercial crude oil inventories, casting a shadow on expectations of a more significant decline. While stocks did decrease by 900,000 barrels, this figure fell short of the anticipated 1.7 million barrels, a discrepancy that …

  Read More »
• 20 December 2024 11:54 pm

  As Inflation Cools, US Stocks Surge

  

  The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation report. This positive news provided a much-needed respite for investors grappling with the looming threat of a government shutdown and recent uncertainty surrounding the Federal Reserve’s monetary policy.The Commerce Department’s report revealed that the Personal …

  Read More »
• 20 December 2024 10:47 pm

  Crypto Market Reeling following Dampened Rate Cut Expectations, Bitcoin Falls Below $100,000

  

  The cryptocurrency market has experienced a significant downturn, with Bitcoin plunging below $100,000, trading at the time of writing at only $97,173, down some -0.23 on the day, and other major tokens suffering even steeper losses. This sharp correction coincides with a shift in the Federal Reserve’s monetary policy stance, …

  Read More »
• 20 December 2024 9:32 pm

  Will AI Bubble Burst in 2025?

  

  2024 has been a year of unprecedented growth for Wall Street, fueled by a confluence of factors, most notably the artificial intelligence (AI) revolution. AI stocks, led by giants like Nvidia, have soared, capturing investor imagination with the promise of transformative technological advancements. However, the current euphoria surrounding AI may …

  Read More »
• 20 December 2024 8:43 pm

  Extensive Efforts to Avert a US Government Shutdown Before Midnight

  

  US House Speaker Mike Johnson will attempt to pass what is known as a “temporary plan” later on Friday, involving a funding bill for the federal government at current debt levels. This plan includes certain provisions aimed at garnering public support and avoiding the US from suspending its debt ceiling …

  Read More »
• 20 December 2024 7:38 pm

  PCE DaExplainer: Cooling Inflation Offers Glimmer of Hope, But Fed Remains Cautious

  

  The latest inflation data provides a glimmer of hope in the ongoing battle against rising prices. The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, showed a modest increase of 0.1% in November, translating to an annual rate of 2.4%. This reading, while still above the …

  Read More »
• 20 December 2024 4:05 pm

  Russian Central Bank Keeps Rates Steady at 21%, Defying Market Expectations

  

  The Russian Central Bank surprised markets on Friday by maintaining its key interest rate at 21%, contrary to widespread expectations of a 2-percentage-point hike. Analysts had anticipated a rate increase to 23%, but the bank justified its decision by citing the effectiveness of recent tightening measures in curbing inflationary pressures. …

  Read More »