Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 20 December 2024 12:02 pm

  Asian Markets End the Week Flat-to-Lower Amid Hawkish Fed and Local Headwinds

  

  Asian equities traded within a narrow range on Friday, largely reflecting the region’s cautious sentiment as global and domestic economic uncertainties dampened risk appetite. While Japan’s markets found some respite, most other major Asian indices either edged lower or remained flat, concluding a week marked by steep losses. Japanese Markets …

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• 20 December 2024 3:58 am

  Trump announces new plan to avoid government shutdown, lift US debt ceiling

  

  President-elect Donald Trump has announced a new plan to fund the government and lift the debt ceiling, a day before a government shutdown. He praised Speaker Mike Johnson and House Republicans for coming to a “very good Deal,” urging Congress to swiftly pass it in votes as soon as Thursday …

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• 20 December 2024 1:21 am

  Market Drivers; US Session

  

  Central Banks Hold Steady, US Core PCE in Focus The Bank of England and the Bank of Japan both held interest rates steady at their respective policy meetings. While the BoE’s decision had a limited impact on the Pound, the BoJ’s rate hold weighed heavily on the Yen.With a relatively …

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• 20 December 2024 12:47 am

  GBP/USD Plummets Amidst Strong US Data and Rising Yields

  

  The GBP/USD currency pair experienced a sharp decline, falling over 60 pips, as robust US economic data and a surge in Treasury yields bolstered the US Dollar. The pair flirted with the crucial 1.2500 support level.US Economic Strength Fuels Dollar DemandKey US economic indicators pointed to a strong economy. Initial …

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• 19 December 2024 11:49 pm

  XAU/USD Defies Climbing T-Yields As Fed Signals Future Rate Cut Path

  

  Following the Fed’s less dovish stance, gold records gains of more than $0.20. According to statistical data, the US economy grew 3.1% year over year in Q3. Gold’s attractiveness as a safe-haven asset in times of uncertainty is increased by the possibility of a US government shutdown. The price of …

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• 19 December 2024 10:27 pm

  US Treasury Yields Rise on Fed’S Policy Outlook

  

  US Treasury yields saw a significant uptick on Thursday, driven by the Federal Reserve’s interest rate decision released on Wednesday and a speech by Federal Open Market Committee Chairman Jerome Powell during the subsequent press conference.The yield on the 10-year US Treasury note climbed to 4.577%, up from the previous …

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• 19 December 2024 9:22 pm

  Bitcoin Attempts to recover Despite Recent Selloff

  

  The Bitcoin market demonstrated resilience on Thursday, recovering some of its losses from the previous day’s decline. Prices stabilized near the $100,000 level, with a notable rebound of approximately $2,000, suggesting a strong underlying demand for the cryptocurrency. The most famous cryptocurrency traded at $102,300 earlier on Thursday, before sliding …

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• 19 December 2024 8:40 pm

  US Stocks Attempt to Recover from Fed’s Rate Path Shock

  

  US stocks have been recovering since the opening of Wall Street trading on Thursday from their worst decline in several months, which was triggered by a Federal Reserve statement that hinted at a slower pace of interest rate cuts. This came after the Fed announced a 25 basis point rate …

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• 19 December 2024 5:51 pm

  Bank of England Holds Rates Steady Amid Persistent Inflation Pressures

  

  The Bank of England (BoE) opted to maintain its Bank Rate at 4.75% on Thursday, reflecting a cautious approach to monetary easing as inflation pressures continue to challenge the central bank’s medium-term objectives. Rate Decision Details Policymakers voted 6 to 3 in favor of leaving rates unchanged, a more decisive …

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• 19 December 2024 4:27 pm

  U.S. Stock Futures Rebound Amid Fed’s Cautious Rate Path for 2025

  

  U.S. stock index futures edged higher Thursday, recovering some losses from Wednesday’s sharp sell-off after the Federal Reserve signaled a slower pace of rate cuts in 2025. At 06:00 ET (11:00 GMT), Dow Jones Futures rose 140 points (+0.3%), S&P 500 Futures gained 21 points (+0.4%), and Nasdaq 100 Futures …

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• 19 December 2024 3:31 pm

  Putin Signals Readiness for Dialogue with Trump Amid Domestic and Geopolitical Challenges

  

  On Thursday, Russian President Vladimir Putin expressed his willingness to engage in dialogue with U.S. President-elect Donald Trump. While details regarding a potential meeting remain unclear, Putin used his annual press conference to address a wide array of topics, from the conflict in Ukraine to Russia’s economic outlook and military …

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• 19 December 2024 3:02 pm

  Oil Prices Steady as Fed’s Policy Signals Cast a Shadow on Demand Outlook

  

  Oil prices remained relatively flat on Thursday, recovering from earlier losses but still trading below Wednesday’s close. Brent crude futures edged down 3 cents to $73.36 per barrel, while U.S. West Texas Intermediate crude slipped 2 cents to $70.56 per barrel by mid-morning trading in London. Fed Signals Slower Rate …

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• 19 December 2024 12:38 pm

  Bank of Japan Holds Rates Steady but Signals Potential Tightening Amid Rising Inflation Risks

  

  The Bank of Japan (BOJ) opted to keep interest rates unchanged at 0.25% during its final policy meeting of the year. However, a dissenting vote from board member Naoki Tamura highlighted growing divisions within the central bank regarding the timing of monetary tightening. Tamura, known for his hawkish stance, proposed …

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