Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 5 November 2024 2:48 pm

  Aramco’s Q3 Profit Declines, but Dividends Remain Strong Amid Softer Oil Prices

  

  Saudi oil giant Aramco (TADAWUL:2222) reported a 15.4% year-over-year decline in its third-quarter profits, attributing the drop to lower crude prices and weaker refining margins. However, Aramco reaffirmed its commitment to a substantial dividend, maintaining a $31.1 billion payout for the quarter. Profit Performance and Market Reaction For the quarter …

  Read More »
• 5 November 2024 1:26 pm

  U.S. Dollar Slides Slightly Ahead of Tight Presidential Election and Fed Meeting

  

  The U.S. dollar edged lower on Tuesday, reflecting cautious sentiment as the country heads into a closely contested presidential election that could trigger significant foreign exchange volatility. The Dollar Index, which measures the greenback against a basket of six major currencies, fell by 0.1% to 103.655 at 04:10 ET (09:10 …

  Read More »
• 5 November 2024 11:23 am

  RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

  

  The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, reaffirming its commitment to restrictive monetary policy to address inflation concerns. The RBA emphasized that its top priority remains guiding inflation back within its 2-3% target range, though it refrained from committing to specific future …

  Read More »
• 5 November 2024 10:22 am

  Asian Markets Mixed as U.S. Election and China’s Fiscal Policies Weigh on Sentiment

  

  Most Asian markets faced declines on Tuesday, with traders cautious ahead of the U.S. presidential election and the Federal Reserve’s expected rate cut later in the week. The uncertain race between Donald Trump and Kamala Harris has heightened risk aversion, keeping investors on the sidelines. Chinese Markets Supported by Positive …

  Read More »
• 5 November 2024 1:18 am

  What is Trump’s MAGANOMICS? Why Is It criticized?

  

  MAGANOMICS is a term used to describe the economic policies advocated by former US President Donald Trump. These policies generally prioritize tax cuts, deregulation, and protectionist trade measures.“MAGAECONOMICS” refers to the economic policies and principles associated with former President Donald Trump’s “Make America Great Again” (MAGA) agenda. These policies were …

  Read More »
• 5 November 2024 1:05 am

  Australian Dollar Strengthens as Markets Await RBA Decision

  

  The AUD/USD surged higher on Monday, rising by 0.70% to 0.6600 amid expectations of a hawkish Reserve Bank of Australia (RBA) policy decision and uncertainty surrounding the US presidential election. The US Dollar weakened on speculation of a Kamala Harris victory and the Federal Reserve’s dovish rate cut bets.Economic Data …

  Read More »
• 5 November 2024 12:13 am

  Market Drivers; US Session

  

  US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …

  Read More »
• 4 November 2024 10:34 pm

  Dow Jones Dips Amid Election Uncertainty and Fed Rate Cut Expectations

  

  The Dow Jones Industrial Average (DJIA) declined over 0.29% on Monday, as investors grapple with uncertainty surrounding the US presidential election and the Federal Reserve’s upcoming rate decision.Market Volatility and Election ConcernsRecent fluctuations in election polls have heightened market volatility. The CBOE Volatility Index (VIX) has surged above 20, indicating …

  Read More »
• 4 November 2024 7:44 pm

  After Pennsylvania polls, US dollar hits a new nine-day low

  

  Monday saw a decline in the value of the US dollar as Ipsos surveys predicted that Vice President Kamala Harris will win the US presidential election. With the FOMC meeting taking place amid uncertainties surrounding the US presidential election, traders are in for a highly tumultuous week. The US dollar …

  Read More »
• 4 November 2024 4:03 pm

  U.S. Stock Futures Rise Slightly as Election Week Begins

  

  U.S. stock index futures ticked higher Monday morning as markets brace for a high-stakes week that includes the closely contested U.S. presidential election and a Federal Reserve policy meeting. At 06:10 ET, Dow Jones Futures were up by 60 points (0.1%), S&P 500 Futures rose by 12 points (0.2%), and …

  Read More »
• 4 November 2024 2:02 pm

  Germany’s Manufacturing Sector Shows Signs of Stabilization Amid Continued Contraction

  

  The decline in Germany’s manufacturing sector moderated in October, with the HCOB Germany Manufacturing PMI edging up to 43.0 from September’s 40.6, marking a three-month high. However, this index, compiled by S&P Global, remains well below the neutral 50-point level, signaling ongoing contraction. Key Points from October PMI Data Output …

  Read More »
• 4 November 2024 12:24 pm

  European Stocks Hold Steady as Key Events Unfold Globally

  

  European markets traded in a narrow range on Monday, reflecting investor caution at the start of a significant week that includes the U.S. presidential election, Federal Reserve and Bank of England interest rate decisions, and further corporate earnings reports. Market Overview Germany’s DAX: Down by 0.1%. France’s CAC 40: Fell …

  Read More »
• 4 November 2024 11:09 am

  Oil Prices Surge as OPEC+ Delays Output Hike Amid Demand Concerns

  

  Oil prices saw a sharp rise in Asian markets on Monday following OPEC+’s decision to delay its planned production increase for December by at least one month. This move comes as the cartel aims to counter downward pressure on oil prices due to weaker demand, particularly from China. Market Reactions: …

  Read More »