Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 12 December 2024 3:41 pm

  Nvidia Refutes Claims of Supply Cuts to China

  

  Nvidia (NASDAQ:NVDA) has denied recent rumors circulating on social media about plans to reduce supplies to China. In a post on Chinese social media, the company clarified that these allegations were false. Nvidia’s Commitment to China Nvidia emphasized that China remains an important market for the company. It reiterated its …

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• 12 December 2024 2:58 pm

  U.S. Dollar Steady as Markets Await ECB Rate Cut, Swiss Franc Falls Following SNB Decision

  

  The U.S. dollar remained relatively unchanged on Thursday, holding steady ahead of the European Central Bank’s (ECB) much-anticipated monetary policy decision later in the day. Traders are widely expecting the ECB to implement a quarter-point rate cut, with the euro edging slightly higher in anticipation of the move. Meanwhile, the …

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• 12 December 2024 2:05 pm

  European Stocks Edge Higher as ECB Rate Decision Looms

  

  European markets inched up on Thursday morning, supported by gains in cyclical sectors, as investors awaited key monetary policy decisions from the European Central Bank (ECB) and the Swiss National Bank (SNB). The STOXX 600 index, a benchmark for European equities, rose 0.1% as of 0814 GMT, extending its rally …

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• 12 December 2024 1:27 pm

  Gold and Copper Markets at Crossroads: Geopolitics, Dollar Strength, and China Stimulus in Focus

  

  Gold and copper prices exhibited contrasting movements in Thursday’s Asian trading session as investors balanced geopolitical tensions, U.S. inflation data, and hopes for Chinese stimulus measures. While gold retreated slightly from a two-week high, copper surged to a one-month peak amid growing optimism surrounding China’s economic policies. Gold Eases as …

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• 12 December 2024 12:36 pm

  Bitcoin Rises Above $100,000 Amid Rate Cut Expectations and Improved Risk Sentiment

  

  Bitcoin extended its recovery on Thursday, breaking out of its recent trading range and recouping losses from the past week. Positive sentiment across markets was bolstered by U.S. inflation data in line with expectations, fueling optimism for a Federal Reserve rate cut in December. Key Highlights Bitcoin Surges Past $100,000 …

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• 12 December 2024 1:54 am

  Yen weakens against the US dollar after Bloomberg report

  

  The dollar/yen pair concluded Wednesday’s trading on an upward trajectory, driven by a decline in the Japanese yen following a report published by Bloomberg on the potential future path of the Bank of Japan’s monetary policy and the possible changes it could cause in the movement of the Japanese yen’s …

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• 12 December 2024 1:07 am

  Oil Surges on EIA Report, But OPEC Cuts Demand Forecast

  

  Oil prices experienced a significant surge on Wednesday, with West Texas Intermediate (WTI) reaching the $70 per barrel mark. This sharp increase was primarily driven by a larger-than-expected drawdown in US crude oil reserves, as reported by the Energy Information Administration (EIA). The market reacted positively to this news, as …

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• 12 December 2024 12:50 am

  How have US, European stock markets reacted to CPI data?

  

  Calm After the StormEuropean markets closed higher on Wednesday, as investors digested a relatively benign U.S. inflation report. The pan-European Stoxx 600 index ended the day up 0.28%, rebounding from a recent losing streak. While some sectors, such as media, saw gains, retail stocks, particularly Inditex, experienced a decline due …

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• 11 December 2024 11:05 pm

  ECB Poised For Last Cautious Rate Cut In 2024 Amid Economic Uncertainty

  

  For the fourth time this year, the European Central Bank is anticipated to lower its key deposit facility rate by a quarter point, to 3 percent. In order to prevent the Eurozone from slipping into stagnation due to political impasse in France and policy drift in Germany, many also anticipate …

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• 11 December 2024 10:12 pm

  Canadian Dollar Rebounds Post-BoC Rate Cut

  

  The Canadian Dollar staged a modest recovery on Wednesday, gaining 0.2% against the US Dollar. This uptick followed the Bank of Canada’s decision to implement another 50-basis-point interest rate cut.BoC Takes Aggressive StanceThe central bank’s latest move underscores its commitment to stimulating economic growth in the face of weakening economic …

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• 11 December 2024 8:31 pm

  XAU Rises on Fed Rate Cut Optimism

  

  Gold prices climbed on Wednesday, December 11, 2024, as the latest inflation data increased the likelihood of a Federal Reserve interest rate cut next week.Spot gold gained 0.7% to $2,713.29 per ounce, while U.S. gold futures rose 1.4% to $2,756.00. The U.S. Consumer Price Index (CPI) for November came in …

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• 11 December 2024 6:58 pm

  BoC slashes rate policy by 50 basis points as expected

  

  Bank of Canada (BoC) took a decisive step on Wednesday, slashing its policy rate by 50 basis points to 3.25%. This move, widely anticipated by market analysts, aligns with the central bank’s efforts to stimulate economic growth and combat inflationary pressures. The Canadian Dollar weakened further against the US Dollar …

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• 11 December 2024 5:54 pm

  U.S. Consumer Prices Rise Slightly in November, Supporting Expectations for Fed Rate Cut

  

  U.S. consumer prices edged up slightly in November on an annualized basis, aligning with expectations and reinforcing the likelihood of another interest rate cut by the Federal Reserve next week. The Consumer Price Index (CPI) published by the Labor Department rose by 2.7% year-over-year in November, marginally higher than October’s …

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