Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 7 October 2024 7:46 pm

  Crypto investment records outflows of $147 million amid Middle East tension

  

  Digital asset investment products witnessed outflows totaling $147 million last week.Bitcoin ETFs were the center of focus, with $159 million in outflows after heightened Middle East war tension. Ethereum also saw outflows of $29 million, while Solana and multi-asset products recorded inflows.Bitcoin (BTC) is trading around the $63,000 level on …

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• 7 October 2024 3:46 pm

  Oil Prices Surge as Middle East Tensions Raise Supply Concerns

  

  Oil prices extended their rally on Monday, with Brent crude approaching $80 a barrel. This follows last week’s sharpest weekly increase since early 2023, fueled by fears of an escalating Middle East conflict that could disrupt exports from the region. As of 0839 GMT, Brent crude futures rose by $1.11, …

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• 7 October 2024 1:05 pm

  U.S. Dollar Holds Steady as Traders Await Inflation Data, Fed Minutes

  

  The U.S. dollar stabilized on Monday, retaining the gains made after Friday’s robust jobs report, as traders gear up for a week filled with key inflation data and the release of the Federal Reserve’s latest meeting minutes. At 04:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against …

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• 7 October 2024 11:58 am

  European Stocks Slip as U.S. Jobs Euphoria Fades, Higher Bond Yields Pressure Real Estate and Utilities

  

  European stocks edged lower on Monday as the initial optimism from strong U.S. jobs data faded, with rate-sensitive sectors like real estate and utilities feeling the impact of rising bond yields. As of 0726 GMT, the pan-European STOXX 600 index had dipped 0.2%, with real estate and utilities sectors falling …

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• 7 October 2024 10:44 am

  Gold Prices Slip Amid Strong U.S. Payroll Data, Rate Cut Bets Shift

  

  Gold prices edged lower in Asian trading on Monday, retreating from recent record highs as stronger-than-expected U.S. payroll data tempered expectations for a significant interest rate cut by the Federal Reserve. The precious metal declined after the robust jobs data sent the U.S. dollar and Treasury yields higher, with traders …

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• 7 October 2024 10:03 am

  Asian Markets Climb, Led by Japan, Amid Strong U.S. Jobs Data and Optimism Over Chinese Stimulus

  

  Asian stock markets advanced on Monday, with Japanese equities leading the gains, as robust U.S. payroll data eased concerns about an economic slowdown. Hopes for additional stimulus measures in China also bolstered investor sentiment. Stocks in the region took positive cues from a strong rally on Wall Street last Friday, …

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• 7 October 2024 1:37 am

  Weekly Reap: Key Assets Have To Navigate Amid Uncertainties In Q4

  

  Most financial market entered Q4 with a volatile earthquake, largely due to the heightened uncertainty surrounding four key factors: the US labour market, East Coast port strikes, Middle Eastern tensions, and the impending US presidential election. However, the previous trading week brought a glimmer of relief, as the US nonfarm …

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• 5 October 2024 12:46 am

  US stocks climb on upbeat sentiment after labour data

  

  The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed.The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations. US NFP net job gains soared to 254K on Friday, cudgeling market …

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• 4 October 2024 9:20 pm

  Gold slides following US NFP

  

  Gold prices are back in the positive territory after a steep selloff after the US NFP data, and traders are scratching their heads as to what has happened here. The data released today has made speculators shred their bets on another jumbo rate cut, and this impacted the price of …

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• 4 October 2024 7:54 pm

  US Dollar sees best trading week in two years following NFP print

  

  The US Dollar jumps higher after a massive positive Nonfarm Payrolls print. Tensions in the Middle East together with further pared bets of big Fed rate cuts are fueling safe-haven inflows to the Greenback.The US Dollar Index moves higher and says goodbey to September’s tight range. The US Dollar ties …

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• 4 October 2024 7:11 pm

  Goolsbee Lauds September’s Jobs Report

  

  Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest job market report to be “superb” and noted that additional reports like this would increase his confidence that the US economy has reached full employment with low inflation. Key Quotes Do not want to react …

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• 4 October 2024 6:01 pm

  EUR/USD dragged lower following upbeat US labour data

  

  EUR/USD slides below 1.1000 after robust US labor market growth. The EUR/USD pair falls sharply below 1.1000 as US NFP surprisingly came in higher than estimates in September. The EUR/USD dips below the psychological support of 1.1000 in Friday’s New York session. The major currency weakens as upbeat United States …

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• 4 October 2024 11:46 am

  European Shares Subdued as Middle East Tensions Loom, Oil Stocks Offer Resilience

  

  European shares remained subdued on Friday as investors weighed the risks of an expanding conflict in the Middle East. However, strength in energy stocks helped prevent a further decline in the overall market. The pan-European STOXX 600 index held steady at 516.40 points as of 0709 GMT. Despite the resilience, …

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