Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 1 November 2024 3:23 pm

  Crypto Market Pullback Deepens as Bitcoin Dips Below $69,000 Amid Shifting U.S. Election Odds

  

  Bitcoin’s price saw continued losses on Friday, as the cryptocurrency market pulled back for the third day straight. The decline comes amid heightened volatility as Donald Trump’s odds in the U.S. presidential race faced slight dips, which some investors fear may add regulatory uncertainty, especially if Democratic candidate Kamala Harris …

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• 1 November 2024 2:14 pm

  Amazon Q3 Earnings Exceed Expectations, Driven by Strong AWS Performance and AI Investments

  

  Amazon.com Inc (NASDAQ) reported third-quarter results that exceeded analyst expectations, propelling its stock up by 5.7% in after-hours trading despite issuing slightly lower-than-anticipated guidance for the upcoming quarter. The company posted an adjusted earnings per share (EPS) of $1.43, surpassing the analyst consensus of $1.14 by $0.29. Quarterly revenue reached …

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• 1 November 2024 12:15 pm

  European Markets Edge Up Amid Caution Ahead of U.S. Jobs Data and Presidential Election

  

  European stock markets traded modestly higher on Friday morning as investors awaited the release of key U.S. nonfarm payrolls data, along with the impending U.S. presidential election. At the start of the European trading session, the DAX in Germany gained 0.2%, France’s CAC 40 rose 0.3%, and the U.K.’s FTSE …

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• 1 November 2024 11:46 am

  Oil Prices Rally Amid Rising Middle East Tensions and Supply Uncertainties

  

  Oil prices rose sharply on Friday, with Brent crude and U.S. West Texas Intermediate (WTI) both gaining over 2% as geopolitical concerns and supply factors bolstered the market. By early trading hours, Brent crude for January delivery climbed to $74.22 a barrel, up $1.41, while WTI rose to $70.72, gaining …

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• 1 November 2024 11:14 am

  Asian Markets Start November Cautiously Amid Mixed Global Economic Signals

  

  Asian markets kicked off the month on a cautious note, with most indices lower as investors await key U.S. jobs data. Friday’s nonfarm payroll report, the U.S. presidential election, and the upcoming Federal Reserve meeting next week are expected to heavily influence market sentiment. Wall Street and Futures: Tech Stocks …

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• 1 November 2024 1:56 am

  Market Drivers; US Session

  

  US Dollar Weakens on Yen Strength and Fed Rate Hike UncertaintyThe US Dollar weakened on Thursday as the Japanese Yen strengthened after a slightly hawkish tone from the Bank of Japan. The upcoming US labor market report on Friday is crucial for determining the Federal Reserve’s future rate hike path. …

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• 1 November 2024 1:41 am

  How should investors get prepared for Market Moves, Fluctuations Amid US Election?

  

  Preparing for Market Volatility Ahead of the US Election As the US election approaches, investors are bracing for potential market moves and fluctuations. Preparing for these shifts involves several strategic steps to mitigate risk and capitalize on opportunities.One of the most important strategies is portfolio diversification. By spreading investments across …

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• 1 November 2024 12:04 am

  US Dollar Softens Ahead of NFP Report

  

  The US Dollar weakened on Thursday, despite persistent inflationary pressures and lower-than-expected jobless claims. The Personal Consumption Expenditure (PCE) Price Index, a key inflation gauge, rose 2.1% year-over-year in September, while core PCE remained steady at 2.7%. Additionally, initial jobless claims declined to 216,000, defying market expectations of an increase.Market …

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October, 2024

• 31 October 2024 11:47 pm

  What Can Investors, Markets Expect from Looming NFP Report?

  

  A Foggy Crystal Ball: Unraveling the October NFP ReportThe upcoming October Non-Farm Payroll (NFP) report is poised to provide a clearer picture of the US labour market, but the impact of recent hurricanes and labour strikes is expected to cloud the outlook. While economists anticipate a slowdown in job growth …

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• 31 October 2024 9:38 pm

  XAU Plummets After Record High

  

  Gold prices, XAU/USD, experienced a sharp decline on Thursday, plummeting 1.5% after reaching a record high of $2,790. This sudden downturn can be attributed to several interconnected factors.Firstly, the surge in US Treasury bond yields has dampened gold’s appeal. Stronger-than-expected US employment data has fueled expectations of further interest rate …

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• 31 October 2024 7:33 pm

  EUR/USD Surges on Eurozone Economic Strength

  

  The EUR/USD pair rallied to a two-week high of 1.0890, fueled by a robust Eurozone economy and persistent inflationary pressures.Key Factors Driving the Rally:Eurozone GDP Growth: The Eurozone economy expanded at a faster-than-expected pace of 0.9% in the third quarter, with Germany avoiding a technical recession.Hotter-Than-Forecasted Inflation: Eurozone inflation accelerated …

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• 31 October 2024 3:06 pm

  U.S. Futures Drop Amid Tech Sector Concerns and Rate Jitters

  

  U.S. stock index futures declined on Thursday, influenced by disappointing forecasts from tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT), which pointed to increased capital spending. By 04:01 ET (08:01 GMT), the Dow futures dropped 181 points (0.4%), the S&P 500 futures fell 41 points (0.7%), and the Nasdaq 100 futures …

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• 31 October 2024 1:59 pm

  European Stock Markets Decline Ahead of Inflation Data Release

  

  European stock markets experienced declines on Thursday as investors assessed a wave of corporate earnings reports in anticipation of the upcoming eurozone inflation data. As of 04:05 ET (08:05 GMT), major indices reflected this trend: Germany’s DAX was down 0.8%, France’s CAC 40 fell by 0.5%, and the U.K.’s FTSE …

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