Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 6 November 2024 1:19 pm

  Germany’s Services Sector Sees Modest Growth in October, But Demand Weakness Persists

  

  Germany’s services sector experienced a slight improvement in October, with the HCOB Germany Services PMI rising to 51.6 from 50.6 in September, marking its first growth acceleration in five months. Although this three-month high signals expansion, underlying demand remains fragile, as shown by a drop in new business for the …

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• 6 November 2024 12:34 pm

  U.S. Stock Futures Surge as Trump Leads 2024 Presidential Race

  

  U.S. stock futures saw gains on Wednesday as early voting results indicated Donald Trump leading in the presidential race against Kamala Harris, with the Republicans on track to sweep both the Senate and House of Representatives. This alignment could potentially ease Trump’s path to major policy implementations if his lead …

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• 6 November 2024 11:59 am

  Donald Trump Claims Victory in 2024 Presidential Election Amid GOP Gains

  

  Former President Donald Trump declared victory in the 2024 presidential election after Fox News projected his win over Democrat Kamala Harris, marking a remarkable political comeback. Trump’s projected triumph included key battleground states—Pennsylvania, North Carolina, and Georgia—with reported leads in other decisive states, according to Edison Research. Other news outlets …

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• 6 November 2024 11:40 am

  Bitcoin Reaches Record High Amid U.S. Election Developments

  

  Bitcoin surged to an unprecedented high on Wednesday, fueled by early vote counts showing Donald Trump ahead in the 2024 U.S. presidential race. The largest cryptocurrency by market cap rose nearly 10%, reaching $75,071.8, as the prospect of a Trump presidency encouraged hopes for favorable crypto regulations. This rally reflects …

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• 6 November 2024 11:08 am

  Gold and Industrial Metal Markets React to U.S. Election and Economic Concerns

  

  Gold prices edged lower in Asian trading on Wednesday, influenced by a surge in the U.S. dollar and Treasury yields amid early 2024 U.S. election results favoring Donald Trump. However, with the election results still too close to call, gold held near its recent highs. Precious Metals Spot Gold: Dropped …

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• 6 November 2024 10:46 am

  U.S. Election Update: Trump Leads Harris in Key Battleground States, Republicans Head for Sweep

  

  In the unfolding 2024 U.S. presidential election, Donald Trump has taken a lead over Kamala Harris, securing wins in several critical battleground states. Current Standings As of 00:44 ET (05:44 GMT), the Associated Press reported: Trump: 230 electoral votes Harris: 210 electoral votes Trump clinched victories in North Carolina and …

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• 6 November 2024 1:25 am

  Market Drivers; US Session

  

  Before the FOMC event, the US election continues to receive the majority of market focus. Amid increased expectations ahead of the US election results and the next Fed meeting, the US dollar was mostly defensive on Tuesday, falling to three-week lows. What you need to know on Wednesday, November 6:Despite …

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• 6 November 2024 12:17 am

  Gold rises amid US elections

  

  Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …

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• 5 November 2024 11:18 pm

  Dow Jones Rallies Ahead of US Election Results

  

  The Dow Jones Industrial Average (DJIA) surged over 400 points on Tuesday, as investors eagerly awaited the outcome of the US presidential election. The index has been trading within a narrow range in recent weeks, but today’s rally pushed it closer to its near-term high.Market Expectations and Fed Rate Cut …

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• 5 November 2024 9:50 pm

  Where US Economy Stands Prior To Election Results

  

  As voters prepare to choose the next president, the U.S. economy is, by most measures, stronger than it has been in recent election cycles, though some exceptions help explain voter discontent.The Bigger Picture Politics and voting behavior are more complex than any data series from a government website, and the …

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• 5 November 2024 9:27 pm

  Ahead of the US election results, USD declines for a second consecutive week

  

  As Americans prepare to cast their ballots on Tuesday, the price action of the US dollar is slowing down. In the event of a very close outcome, traders prepare for volatility because it may take days or weeks to choose the next US president. The US dollar index is holding …

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• 5 November 2024 8:39 pm

  Harris or Trump: When will Americans know who their new president is?

  

  The presidential election results will begin to come in on Tuesday night after polls close throughout the country. However, in many key states, it may take a while to know who has won and much longer to get official, certified results. There are several reasons for this delay, including the …

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• 5 November 2024 7:04 pm

  US service sector continued expansionary trend in October

  

  The US service sector continued its expansionary trend in October, with the Institute for Supply Management (ISM) Services PMI surging to 56. This reading surpassed market expectations of 53.8, signaling a robust acceleration in business activity compared to the previous month. The uptick was driven by a combination of factors, …

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