Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 17 December 2024 1:31 am

  Market Drivers; US Session

  

  Bitcoin’s record rally topped $107,000 on Monday after President-elect Donald Trump reiterated that he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Markets Brace for Fed’s Rate DecisionThe US Dollar dipped slightly on Monday as investors turned their …

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• 17 December 2024 1:16 am

  Could Trump’s drilling plan cut fuel prices and fix inflation?

  

  President-elect Donald Trump has pledged to lower consumer prices that have soared since the pandemic, explaining how he would do so by repeating a simple mantra: “Drill, baby, drill.” He is expected to speed drilling permits that took an average of 258 days to complete during the Biden administration, hold …

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• 17 December 2024 12:48 am

  Tech Year-End Rally Powers Markets Amid Fed Rate Cut Expectations

  

  The stock market saw a year-end rally for tech companies and other fast-growing businesses, with the tech-heavy Nasdaq Composite up more than 1% in recent trading. Broadcom’s revenue surge and dividend increase last week added to the momentum for tech stocks. A rebound in bond yields has helped drag on …

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• 17 December 2024 12:03 am

  BoC’s Macklem: Below-forecast growth could keep inflation low

  

  Bank of Canada Governor Tiff Macklem gave significant statements before the Vancouver Board of Trade on Monday, spinning an expected drag on Canadian economic growth as a positive on the hopes that lagging growth at the nation-wide level could, in theory, limit a re-ignition in inflationary pressures.Key QuotesBig structural changes …

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• 16 December 2024 11:07 pm

  US Treasury Yields Face Upward Pressure

  

  US Treasury yields have faced difficulties in sustaining their upward momentum since the opening bell on Wall Street on Monday. This is largely due to the growing expectation that the Federal Reserve will cut interest rates next Wednesday. Such a move would typically push yields on these sovereign securities downward.The …

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• 16 December 2024 10:04 pm

  Gold Prices Hold Firm Ahead of Fed Decision

  

  A Cautious Market Awaits the FedGold prices maintained a steady footing on Monday, as investors braced for the Federal Reserve’s interest rate decision. The precious metal, often seen as a hedge against inflation and economic uncertainty, was buoyed by a combination of factors, including expectations of a rate cut and …

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• 16 December 2024 9:36 pm

  Schnabel Hints At ECB’s Cautious Path to Price Stability

  

  The European Central Bank (ECB) is cautiously navigating a complex economic landscape as it seeks to balance price stability with economic growth. While the central bank has signaled its intention to continue lowering interest rates, it has emphasized the need for a gradual and data-driven approach.A Delicate Balancing ActECB Executive …

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• 16 December 2024 8:49 pm

  US Diverging Economy: Services Boom, Manufacturing Struggles

  

  The US economy is painting a picture of divergence as we approach the end of 2024. While the services sector is thriving, the manufacturing industry continues to face headwinds.The recent S&P Global survey highlights the stark contrast between these two sectors. The US Services PMI surged to a 38-month high …

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• 16 December 2024 7:15 pm

  US Dollar Strengthens on Upbeat Services PMI

  

  The US Dollar (USD) gained strength on Monday, as positive economic data bolstered investor sentiment. The preliminary S&P Global Services Purchasing Managers’ Index (PMI) for December came in at 58.5, significantly surpassing expectations of 55.7 and the previous reading of 56.1. This robust figure indicates a strong expansion in the …

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• 16 December 2024 5:58 pm

  Forex: U.S. Dollar Holds Firm Amid Central Bank Decisions; Bitcoin Hits Record High

  

  The U.S. dollar remained near a three-week peak against major currencies on Monday as financial markets braced for a busy week of central bank policy meetings. Investors are closely watching the Federal Reserve, which is widely expected to lower interest rates while signaling a gradual approach to further easing throughout …

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• 16 December 2024 4:04 pm

  U.S. Stocks Edge Higher Amid Fed Meeting Anticipation

  

  U.S. stocks saw modest gains on Monday, with trading activity subdued as investors awaited the Federal Reserve’s final policy meeting of the year. By 06:10 ET (11:10 GMT), Dow Jones Futures rose 50 points (0.1%), S&P 500 Futures added 8 points (0.1%), and Nasdaq 100 Futures climbed 55 points (0.3%). …

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• 16 December 2024 2:29 pm

  Europe’s Labour Market Shows Signs of Cooling, Easing Inflation Pressures

  

  Europe’s labour market softened in the third quarter, with data on Monday indicating a decline in inflationary pressures, potentially paving the way for further interest rate cuts. Labour cost growth in the eurozone slowed to 4.6% in Q3, down from 5.2% in the previous quarter, according to Eurostat. Meanwhile, the …

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• 16 December 2024 1:28 pm

  Bitcoin Hits Record High Amid Speculation on U.S. Crypto Reserve and Pro-Crypto Sentiment

  

  Bitcoin surged to an unprecedented high above $106,000 on Monday, fueled by optimism surrounding a potentially favorable regulatory environment under President-elect Donald Trump. His comments about creating a U.S. strategic bitcoin reserve—akin to the nation’s oil reserves—further bolstered market enthusiasm for cryptocurrencies. Key Highlights: Bitcoin Price Surge: Bitcoin reached a …

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