Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 31 December 2024 12:05 pm

  Oil Prices Edge Higher on China Manufacturing Data but Remain Set for Yearly Losses

  

  Oil prices rose on Tuesday following news of China’s continued manufacturing expansion in December. However, both Brent and WTI are poised to end lower for the second consecutive year due to demand concerns in key consuming nations. Brent Crude Futures: Increased by 0.8% to $74.56 per barrel. West Texas Intermediate …

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• 31 December 2024 11:38 am

  Gold Prices Steady Amid Thin Year-End Trading, Set for Strong Yearly Gains

  

  Gold prices remained largely unchanged during Asian trading hours on Tuesday, with Spot Gold steady at $2,607.65 per ounce and Gold Futures for February delivery edging 0.2% lower to $2,620.22 per ounce by 00:23 ET (05:23 GMT). Year-end trading typically sees thin volumes, with institutional investors wrapping up positions ahead …

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• 31 December 2024 11:07 am

  Bitcoin Declines Further as Year-End Weakness Persists

  

  Bitcoin extended its slide on Tuesday, falling 1.2% to $92,733.4 by 01:11 ET (06:11 GMT). The cryptocurrency hit a monthly low of $91,522 on Monday before recovering slightly as dip buyers stepped in. Despite the brief recovery, Bitcoin has dropped in five of the past six sessions and is poised …

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• 31 December 2024 12:52 am

  Oil Prices End 2024 At Murky Midpoint: A Year of Contradictions and Uncertainties

  

  The year 2024 in the oil market was characterized by a perplexing blend of robust demand and lingering uncertainties. While global oil consumption reached a record high, defying expectations amidst concerns about slowing Chinese economic growth, the year ended with prices largely stagnant. Brent crude hovered around $74 per barrel, …

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• 31 December 2024 12:03 am

  Market Drivers, US Session – Holiday Grind: Markets Drift in Year-End Slumber

  

  The final days of the year have descended upon global markets, ushering in a period of characteristically subdued activity. With major exchanges shuttered for several days during the holiday week, trading volumes have dwindled, and price movements have become muted. The US Dollar Index (DXY) has remained largely unchanged, hovering …

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• 30 December 2024 11:34 pm

  Loonie Lifts on Thin Holiday Trading, But Outlook Remains Dim

  

  The Canadian Dollar staged a modest recovery against the US Dollar on Monday, gaining nearly half a percent. However, this move appears driven by thin trading conditions and a lack of significant market activity as the year draws to a close.With most global markets observing the holiday season, trading volumes …

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• 30 December 2024 10:42 pm

  Tech Tumble Dampens US Stocks as 2025 Draws Near

  

  The year 2024 ended with a subdued note for US stocks, particularly the technology sector. This downturn, following the Federal Reserve’s indication of a slower pace of interest rate cuts, raises questions about the market’s resilience and the sustainability of its recent gains.While the S&P 500 enjoyed a remarkable 25% …

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• 30 December 2024 10:03 pm

  EUR/USD Slumps Below 1.0400 as Holiday Trading Cools

  

  The EUR/USD pair slipped below the 1.0400 level on Monday as subdued trading volumes characterized the final days of the year. With many markets closed for the New Year’s holiday, investor activity has significantly diminished, leading to muted price action across most asset classes.The upcoming holiday week will see further …

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• 30 December 2024 8:58 pm

  Sterling Weakens Against US Dollar as Year-End Trading Winds Down

  

  The Pound Sterling (GBP) weakened against the US Dollar (USD) on Monday, as the US Dollar rebounded in thin trading conditions ahead of the New Year holiday. The GBP/USD pair fell below 1.2550 after failing to sustain an intraday high above 1.2600.The US Dollar Index (DXY) rose towards 108.30, poised …

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• 30 December 2024 7:52 pm

  XAU/USD Slides as US Dollar Rebounds, Fed Signals Fewer Rate Cuts

  

  Gold prices declined sharply on Monday, falling towards $2,600, as the US Dollar strengthened. The US Dollar Index (DXY) rebounded above 108.00, making gold more expensive for holders of other currencies.While lower US Treasury yields typically weigh on gold, the relationship between the two assets was less pronounced on Monday. …

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• 30 December 2024 5:17 pm

  European Stock Markets Mixed as 2024 Nears Close

  

  European stocks exhibited a mixed performance on Monday, reflecting the cautious sentiment on the final full trading day of the year. DAX (Germany): +0.1% CAC 40 (France): +0.1% FTSE 100 (UK): -0.2% Muted Trading ActivityWith many markets preparing for early closures on Tuesday for the New Year holiday, trading volumes …

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• 30 December 2024 3:56 pm

  US Dollar Retreats Slightly but Holds Near Highs as Year-End Approaches

  

  The US dollar edged down on Monday, with the Dollar Index slipping 0.1% to 107.690 as of 09:55 GMT. Despite this minor dip, the dollar remains on track for a monthly gain of over 2%, bringing its year-to-date rise to nearly 7%. Key Drivers Behind the Dollar’s Performance: Rising Treasury …

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• 30 December 2024 2:38 pm

  Bitcoin Declines Amid Strong Dollar and Rate Concerns

  

  Bitcoin continued its downward trend on Monday, slipping 1.6% to $93,869.0 by 10:04 GMT. This follows its peak of over $108,000 nearly two weeks ago. Despite the recent pullback, Bitcoin remains up a remarkable 120% year-to-date, fueled by optimism over potential digital currency backing under the incoming Trump administration. Market …

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