Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 4 December 2024 10:03 pm

  Market Drivers, US Session

  

  Wednesday’s Recap and Thursday’s Outlook The US Dollar weakened on Wednesday as Treasury yields declined and Federal Reserve Chair Powell’s comments at the New York Times event did so little to provide significant market impact.Key Economic Events To Watch: • US: Balance of Trade, Initial Jobless Claims, Challenger Job Cuts, …

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• 4 December 2024 8:54 pm

  Gold Gains Ground Ahead of Powell’s Speech

  

  Gold prices experienced a modest uptick on Wednesday, buoyed by a combination of economic indicators and geopolitical tensions. The precious metal gained traction after the release of the ADP Employment Report, which showed a slower-than-anticipated pace of US private job growth in November. This suggests a potential slowdown in economic …

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• 4 December 2024 8:19 pm

  EUR/USD Gains Ground, But Bearish Outlook Persists

  

  The EUR/USD pair has managed to recover slightly, climbing to 1.0530 as buyers took advantage of recent declines. However, the overall technical picture remains bearish.Key factors influencing the pair’s direction:20-day SMA Resistance: The 20-day Simple Moving Average continues to act as a significant resistance level. Breaking above this level could …

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• 4 December 2024 7:33 pm

  Bitcoin Rebounds After South Korea Scare

  

  Bitcoin price has staged a recovery, trading above $96,000 on Wednesday, following a dip triggered by the declaration of martial law in South Korea. As the crisis quickly subsided, investor confidence returned, and BTC prices rebounded.Institutional Buying and Retail InterestOn-chain data reveals that institutional investors capitalized on the recent price …

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• 4 December 2024 4:17 pm

  Oil Prices Edge Higher Amid OPEC+ Supply Cuts and Geopolitical Tensions

  

  Oil prices firmed slightly on Wednesday as traders anticipated OPEC+ to extend voluntary production cuts, while ongoing geopolitical tensions provided additional support to the market. Market Performance Brent Crude Futures: Up 19 cents (0.26%) at $73.81 per barrel (0916 GMT). West Texas Intermediate (WTI) Crude: Gained 13 cents (0.19%) to …

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• 4 December 2024 4:16 pm

  U.S. Stock Futures Rise Ahead of Powell Speech; Focus on Economic and Corporate Developments

  

  U.S. stock index futures advanced on Wednesday, with investors closely eyeing Federal Reserve Chair Jerome Powell’s upcoming address for insights into the central bank’s interest rate trajectory. Stock Futures PerformanceAs of 05:40 ET (10:40 GMT): Dow Jones Futures: Up 195 points (0.4%) S&P 500 Futures: Gained 13 points (0.2%) Nasdaq …

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• 4 December 2024 2:26 pm

  US Dollar Gains as Euro Struggles Ahead of French Political Crisis

  

  The US dollar strengthened on Wednesday, while the euro retreated ahead of a critical no-confidence vote in France that could potentially destabilize the already fragile coalition government. Dollar Rises on Safe-Haven Demand At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six major …

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• 4 December 2024 1:05 pm

  European Markets Steady Ahead of French No-Confidence Vote

  

  European equities opened Wednesday on a cautious note as investors awaited a decisive no-confidence vote in France’s Parliament, a move that could potentially unseat Prime Minister Michel Barnier’s government. Market Overview The pan-European STOXX 600 index edged up 0.1% by 0810 GMT, marking its fifth consecutive session of gains after …

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• 4 December 2024 12:27 pm

  Gold Prices Edge Higher Amid South Korean Political Crisis and Middle Eastern Tensions

  

  Gold prices saw marginal gains during Asian trading hours on Wednesday as political turmoil in South Korea and escalating tensions in the Middle East boosted safe-haven demand. However, the strength of the U.S. dollar, fueled by uncertainty over the Federal Reserve’s interest rate outlook, capped any significant upward momentum for …

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• 4 December 2024 12:55 am

  US Stocks Mixed In Reaction to Jobs Data, Fed Remarks

  

  On Tuesday, US stocks experienced mixed movements as investors processed fresh jobs data and commentary from Federal Reserve officials on the future of interest rates. The stock market’s response was reflective of the nuanced economic signals received throughout the day.The S&P 500 remained close to its previous levels, showing little …

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• 4 December 2024 12:09 am

  Market Drivers; US Sesssion

  

  Powell’s Speech and Labor Data to Shape the Market’s DirectionThe US Dollar Index (DXY) retreated slightly from its recent gains on Tuesday, as investors digested mixed economic signals and awaited crucial data releases. The market’s focus remains on Federal Reserve Chair Jerome Powell’s speech and key labor market data, which …

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• 3 December 2024 11:28 pm

  Fed’s Kugler: Fed goals are roughly in-balance

  

  Federal Reserve Board of Governors member Adrianna Kugler hit the wires on Tuesday, reiterating her position that the Fed’s progress on inflation is still underway, noting that the Fed isn’t going to concern itself from possible policy changes under incoming President Donald Trump in the months to come.Key QuotesCurrent Fed …

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• 3 December 2024 10:32 pm

  Dollar Weakens, Gold Shines Amidst Fed Rate Cut Expectations

  

  A Shift in the Monetary Landscape The global currency and commodity markets experienced a significant shift this week as expectations for a Federal Reserve rate cut intensified. The US dollar, long considered a safe-haven asset, weakened as investors sought opportunities in other currencies and commodities.Fed’s Dovish TurnA key catalyst for …

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