Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 22 November 2024 11:31 am

  Bitcoin Nears $100K Milestone Amid Optimism Over Trump-Era Crypto Policies

  

  Bitcoin surged on Friday, reaching new heights as optimism surrounding friendlier U.S. regulations and a surge in options trading activity fueled the cryptocurrency’s rally. The world’s largest crypto asset climbed 1.9% to $98,870.4 by 06:17 GMT, with an intraday high of $99,289.3. This marks a weekly gain of 9.1%, propelling …

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• 22 November 2024 11:29 am

  Gold Poised for Biggest Weekly Gain in Eight Months Amid Escalating Tensions

  

  Gold maintained its upward momentum on Friday, setting the stage for its largest weekly gain in nearly eight months. The precious metal’s appeal as a safe haven surged amid heightened geopolitical tensions, as Russia lowered its nuclear weapon usage threshold and launched a hypersonic missile at Ukraine. Spot gold remained …

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• 22 November 2024 2:46 am

  Bitcoin’s Bullish Run: A New Era Dawns

  

  Bitcoin, the world’s pioneering cryptocurrency, continues its relentless ascent, nearing the historic $100,000 mark. This unprecedented surge, which began just weeks ago, has propelled the digital asset to new heights, captivating investors and industry experts alike.The timing of this bullish run is no coincidence. It coincides with the election of …

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• 22 November 2024 1:08 am

  Gold Prices Soar Amid Geopolitical Tensions

  

  Gold prices have surged for the fourth consecutive day, surpassing the 50-day Simple Moving Average (SMA) of $2,660 due to global unrest and reports of Russia’s potential Inter-Continental Ballistic Missile (ICBM) launch. The US economic data suggests a strong jobs market, with the XAU/USD trading at $2,672 at weekly highs, …

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• 22 November 2024 12:16 am

  Market Drivers; US Session

  

  Market Focus Shifts to Japan and Global PMIsThe US Dollar continued its upward trend, reaching new 2024 highs. This was driven by a combination of factors, including a weakening risk appetite and ongoing geopolitical tensions.Key Events on Friday, November 22nd:• US: Flash S&P Global Manufacturing and Services PMIs, final Michigan …

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• 21 November 2024 11:05 pm

  Dow climbs as US dollar softens

  

  The Dow Jones Industrial Average closed sharply higher on Thursday, surging over 600 points. This significant gain marks a rebound from a recent market pullback and reflects renewed investor optimism. Key factors driving the rally include a robust job market, as evidenced by the decline in weekly jobless claims, and …

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• 21 November 2024 9:41 pm

  US Dollar Steadies Following Jobless Jobless Claims as Fed Hints at Easing

  

  The US Dollar traded flat on Thursday, hovering around 106.50 on the DXY index. This comes after New York Fed President John Williams suggested that inflation is cooling, potentially paving the way for a future interest rate cut.Key Market Movers:Jobless Claims: Weekly jobless claims came in lower than expected, but …

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• 21 November 2024 8:28 pm

  Explainer: Fed’s slower pace easing may disappoint borrowers

  

  The Federal Reserve’s once straightforward path towards interest rate cuts has taken a more winding route. While expectations were high for multiple rate reductions in 2024, recent economic developments and policy shifts have led to a more cautious stance from the central bank. A Cautious ToneFed Chair Jerome Powell has …

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• 21 November 2024 7:34 pm

  Fed’s Goolsbee Sees Delaying rate cuts would make sense

  

  In response to inflation that is reportedly approaching the Fed’s 2% objective, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee spoke to newswires on Thursday about the future pace of Fed rate decreases. Key QuotesInflation is on its way down to 2%.The labor market is close to stable, full …

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• 21 November 2024 4:28 pm

  Pound Softens as Dollar Strengthens Amid U.S. Policy Speculation

  

  The British pound edged lower against the dollar on Thursday, reflecting market caution as investors awaited clarity on President-elect Donald Trump’s Treasury Secretary pick and the implications for U.S. economic policies. Sterling fell 0.1% to $1.26405, struggling to maintain footing against a firming dollar. Dollar Gains Weigh on SterlingThe dollar’s …

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• 21 November 2024 3:09 pm

  Oil Prices Climb Amid Escalating Russia-Ukraine Conflict

  

  Oil prices edged higher on Thursday as intensifying military exchanges between Russia and Ukraine overshadowed concerns over rising U.S. crude inventories. The geopolitical tensions bolstered market uncertainty, keeping prices elevated despite bearish supply data from the United States. Brent crude futures rose 1.3% to $73.77 per barrel by 10:17 GMT, …

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• 21 November 2024 12:14 pm

  UK Public Borrowing Rises Sharply in October, Highlighting Fiscal Challenges

  

  Britain’s public finances faced mounting pressure in October as borrowing levels exceeded expectations, posing a significant challenge for Finance Minister Rachel Reeves. Official data from the Office for National Statistics (ONS) revealed that public sector net borrowing reached £17.4 billion ($22 billion) in October, well above the £12.3 billion forecast …

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• 21 November 2024 11:40 am

  Bitcoin Nears $100,000 as Crypto Markets Soar on Optimism Over Trump Presidency

  

  Bitcoin surged to a new all-time high on Thursday, fueled by optimistic sentiment around crypto markets and the prospect of pro-crypto regulations under U.S. President-elect Donald Trump. The world’s largest cryptocurrency reached $97,792.6 before settling slightly lower at $96,909.4 by early morning trading. This rally places Bitcoin tantalizingly close to …

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