Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 8 October 2024 12:02 am

  Dow Jones Hit By Risk Aversion

  

  The Dow Jones Industrial Average (DJIA) shed around 500 points on a shaky market Monday, with risk appetite shriveling on the back of decreased rate cut expectations and tensions in the Middle East running on the hot side. Markets expect less than 50 bps in further rate cuts from the …

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• 7 October 2024 10:59 pm

  CAD dragged lower on risk aversion

  

  The Canadian Dollar (CAD) backslid into long-term averages against the US Dollar on Monday, with markets opening up the new trading week notably on the back foot. Investors pulled back into the safety of the Greenback, sending the Canadian Dollar skidding into three-week lows. Meaningful economic data from Canada remains …

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• 7 October 2024 10:20 pm

  Crypto investment hit record outflows amid Middle East tensions

  

  Bitcoin is trading around the $63,000 level on Monday as a CoinShares report reveals that crypto investment products recorded outflows totaling $147 million last week, breaking their three-week inflow streak.Crypto assets witness outflows stirred by negative flows in Bitcoin ETFsCrypto ETFs recorded outflows totaling $147 million last week, according to …

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• 7 October 2024 9:21 pm

  Will German Growth Make Use of Chinese Stimulus?

  

  For years, Chinese industrial orders helped create and support thousands of well-paid jobs in Germany. But the Asian giant’s economic slowdown has led to lower demand for German goods and dampened growth prospects.China has long been a key market for German industrial companies, especially in the automotive and machinery sectors.The …

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• 7 October 2024 7:46 pm

  Crypto investment records outflows of $147 million amid Middle East tension

  

  Digital asset investment products witnessed outflows totaling $147 million last week.Bitcoin ETFs were the center of focus, with $159 million in outflows after heightened Middle East war tension. Ethereum also saw outflows of $29 million, while Solana and multi-asset products recorded inflows.Bitcoin (BTC) is trading around the $63,000 level on …

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• 7 October 2024 3:46 pm

  Oil Prices Surge as Middle East Tensions Raise Supply Concerns

  

  Oil prices extended their rally on Monday, with Brent crude approaching $80 a barrel. This follows last week’s sharpest weekly increase since early 2023, fueled by fears of an escalating Middle East conflict that could disrupt exports from the region. As of 0839 GMT, Brent crude futures rose by $1.11, …

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• 7 October 2024 1:05 pm

  U.S. Dollar Holds Steady as Traders Await Inflation Data, Fed Minutes

  

  The U.S. dollar stabilized on Monday, retaining the gains made after Friday’s robust jobs report, as traders gear up for a week filled with key inflation data and the release of the Federal Reserve’s latest meeting minutes. At 04:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against …

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• 7 October 2024 11:58 am

  European Stocks Slip as U.S. Jobs Euphoria Fades, Higher Bond Yields Pressure Real Estate and Utilities

  

  European stocks edged lower on Monday as the initial optimism from strong U.S. jobs data faded, with rate-sensitive sectors like real estate and utilities feeling the impact of rising bond yields. As of 0726 GMT, the pan-European STOXX 600 index had dipped 0.2%, with real estate and utilities sectors falling …

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• 7 October 2024 10:44 am

  Gold Prices Slip Amid Strong U.S. Payroll Data, Rate Cut Bets Shift

  

  Gold prices edged lower in Asian trading on Monday, retreating from recent record highs as stronger-than-expected U.S. payroll data tempered expectations for a significant interest rate cut by the Federal Reserve. The precious metal declined after the robust jobs data sent the U.S. dollar and Treasury yields higher, with traders …

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• 7 October 2024 10:03 am

  Asian Markets Climb, Led by Japan, Amid Strong U.S. Jobs Data and Optimism Over Chinese Stimulus

  

  Asian stock markets advanced on Monday, with Japanese equities leading the gains, as robust U.S. payroll data eased concerns about an economic slowdown. Hopes for additional stimulus measures in China also bolstered investor sentiment. Stocks in the region took positive cues from a strong rally on Wall Street last Friday, …

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• 7 October 2024 1:37 am

  Weekly Reap: Key Assets Have To Navigate Amid Uncertainties In Q4

  

  Most financial market entered Q4 with a volatile earthquake, largely due to the heightened uncertainty surrounding four key factors: the US labour market, East Coast port strikes, Middle Eastern tensions, and the impending US presidential election. However, the previous trading week brought a glimmer of relief, as the US nonfarm …

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• 5 October 2024 12:46 am

  US stocks climb on upbeat sentiment after labour data

  

  The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed.The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations. US NFP net job gains soared to 254K on Friday, cudgeling market …

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• 4 October 2024 9:20 pm

  Gold slides following US NFP

  

  Gold prices are back in the positive territory after a steep selloff after the US NFP data, and traders are scratching their heads as to what has happened here. The data released today has made speculators shred their bets on another jumbo rate cut, and this impacted the price of …

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