Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 3 October 2024 2:05 am

  Market Drivers; US Session, Oct. 2

  

  The US dollar continued to rise and hit new three-week highs, supported by growing US rates and an ongoing risk-on attitude in reaction to escalating Middle East tensions. The US Dollar Index (DXY) surged to all-time highs of over 101.70 as a result of the ongoing risk aversion and growing …

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• 2 October 2024 11:34 pm

  Middle East conflict boosts oil prices despite large US crude buildup

  

  Oil prices increased due to concerns about potential disruptions in Middle East oil supplies. A large increase in U.S. crude oil inventories limited the rise in prices. Iran launched a significant missile attack on Israel. Israel and the United States vowed to retaliate for the attack. Israel may target Iranian …

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• 2 October 2024 10:58 pm

  Gold Prices Retreat on surging T-Yields as Middle East Tensions Ease

  

  As traders watched Israel’s response to Iran’s attack on Tuesday, gold retreated during the North American session on Wednesday and continued to decline by 0.50% each day. Following consecutive gloomy sessions since last Friday, traders’ attention is still focused on geopolitics, which has helped to push up gold prices. The …

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• 2 October 2024 10:29 pm

  Is China’s Stock Market Rally A Risky Path to Economic Recovery?

  

  China’s stock market has been on a wild ride in recent weeks, propelled by a series of aggressive government stimulus measures. While the rally has temporarily buoyed investor sentiment, it also raises significant concerns about the sustainability of China’s economic recovery.The surge in stock prices has been driven primarily by …

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• 2 October 2024 9:32 pm

  Fed’s Barkin: Rate Cut Was A Pause, Not A Pivot

  

  The Federal Reserve’s recent decision to lower interest rates by half a percentage point marks a significant shift in its monetary policy stance. However, as Richmond Fed President Thomas Barkin has emphasized, this does not signal an end to the battle against inflation.Barkin’s assessment aligns with the broader consensus among …

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• 2 October 2024 8:30 pm

  Oil Prices Boost US stocks

  

  New York Stock Exchange is experiencing a volatile trading session, with Wall Street indices opening lower amid escalating tensions in the Middle East, fueled by ongoing Israeli military operations in southern Lebanon. Economic data released on U.S. labor market conditions indicated a continued improvement in job growth, a trend the …

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• 2 October 2024 7:18 pm

  EUR/GBP ends its pullback, resumes downtrend

  

  The EUR/GBP has finished pulling back and resumed its downtrend. It has broken below the 0.8317 September 24 low, confirming a lower low and extension towards the next target at 0.8287, the August 2022 low. It remains in a downtrend on a short and medium-term basis, and given the principle …

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• 2 October 2024 3:22 pm

  U.S. Stock Futures Slip as Middle East Conflict Escalates, Traders Monitor Oil Surge and Vance-Walz Debate

  

  U.S. stock futures pointed lower on Wednesday, with investors closely watching escalating tensions in the Middle East following an Iranian missile attack on Israel. The potential for retaliatory strikes and disruption to oil supply has spooked markets, while futures for major indices show modest declines. 1. Futures Slide on Middle …

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• 2 October 2024 12:31 pm

  European Stocks Edge Higher Amid Middle East Tensions, Awaiting Key Economic Data

  

  European stock markets opened cautiously higher on Wednesday as investors remained wary of escalating tensions in the Middle East while turning their attention to upcoming employment data from the Eurozone. Markets Show Cautious OptimismDespite concerns over geopolitical risks, major European indices displayed modest gains: Germany’s DAX rose by 0.1%France’s CAC …

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• 2 October 2024 11:31 am

  European Stocks Edge Higher Amid Middle East Tensions, Awaiting Key Economic Data

  

  European stock markets opened cautiously higher on Wednesday, as investors closely monitored escalating tensions in the Middle East and awaited fresh employment data from the Eurozone. Key Market Movements: Germany’s DAX: Up by 0.1%France’s CAC 40: Rose by 0.3%U.K.’s FTSE 100: Climbed 0.3% Escalating Middle East Conflict:The situation in the …

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• 2 October 2024 10:51 am

  Asian Stocks Sink Amid Middle East Tensions, While Oil Prices Continue to Climb

  

  Asian stock markets broadly declined on Wednesday, reacting to the ballistic missile strike by Iran on Israel, which heightened concerns of a potential wider regional conflict. Investors shifted toward safe-haven assets, pushing gold prices close to all-time highs and supporting the U.S. dollar. Key Market Movements: Japan & South Korea: …

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• 2 October 2024 9:53 am

  Oil Prices Surge Over $1 Amid Middle East Tensions and Potential Supply Disruptions

  

  Oil prices spiked on Wednesday, with Brent crude rising by 1.36% to $74.56 per barrel and U.S. West Texas Intermediate (WTI) jumping 1.53% to $70.90, driven by escalating concerns over possible crude supply disruptions following Iran’s largest military strike against Israel. This follows Tuesday’s significant surge, where both benchmarks gained …

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• 2 October 2024 1:23 am

  Market Drivers, US Session, Oct. 1

  

  Gold prices have rallied over 1% on Tuesday amid growing tensions in the Middle East. The XAU/USD trades at $2,662 after bouncing off daily lows of $2,632. A daily close below the September 30 high of $2,665 could open the door for a pullback if geopolitical risks de-escalate. The US …

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