Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 8 November 2024 9:29 pm

  Gold edges lower post-US election, FOMC decision

  

  Gold falls on Friday as Donald Trump’s re-election continues to impact the precious metal. This reverses a short-term bounce following the Federal Reserve’s decision to cut interest rates by 0.25%. Technically, XAU/USD corrects back within a short-term downtrend. Gold (XAU/USD) edges down to trade around the $2,690 mark on Friday, …

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• 8 November 2024 8:28 pm

  USD/JPY Finds Support at Key Trendline

  

  The USD/JPY pair has recently dipped to a significant long-term trendline at around 152.55, but remains within an overall uptrend. While a short-term correction has occurred, the underlying bullish momentum suggests a potential recovery and further upside. Potential Upward Movement:Immediate Upside: A break above the November 7 high of 154.71 …

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• 8 November 2024 7:29 pm

  GBP trades cautiously following BoE’s rate decision

  

  The Pound Sterling is trading cautiously on Friday, as the Bank of England (BoE) signaled a more gradual approach to interest rate cuts. The central bank’s decision to reduce its benchmark rate by 25 basis points, while in line with the Federal Reserve’s move, was accompanied by a less dovish …

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• 8 November 2024 3:45 pm

  U.S. Stock Futures Edge Higher as Markets Weigh Fed’s Cautious Stance and Trump’s Victory

  

  U.S. stock index futures ticked up slightly on Friday, hovering near record highs as investors continued to process the Federal Reserve’s outlook on interest rate cuts and the potential economic policies under President Donald Trump’s second term. Futures Indicate Modest Gains At 05:05 ET (10:05 GMT), Dow Jones Futures gained …

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• 8 November 2024 1:48 pm

  Bitcoin Surges as Trump’s Election Win and Fed Rate Cut Lift Crypto Markets

  

  Bitcoin continued its upward momentum on Friday, holding near record highs set earlier in the week. The cryptocurrency market was buoyed by Donald Trump’s victory in the 2024 presidential election and the Federal Reserve’s decision to cut interest rates, fueling optimism about a more favorable regulatory landscape and continued economic …

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• 8 November 2024 12:36 pm

  European Markets Slip Amid Political Turmoil and Earnings Updates

  

  European stock markets saw modest declines on Friday, capping a week marked by political upheaval in Germany, key central bank decisions, and a fresh wave of corporate earnings reports. The early trading session reflected investor caution as markets assessed the long-term impacts of ongoing events. Market Performance: DAX (Germany): Down …

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• 8 November 2024 11:34 am

  U.S. Dollar Strengthens, Set for Weekly Gain Amid Trump’s Return and Fed Rate Decisions

  

  The U.S. dollar found renewed strength on Friday, looking to wrap up a week marked by high volatility with a modest gain. The currency’s movement reflects global markets processing the implications of Donald Trump’s return to the White House, with significant effects anticipated on U.S. economic policy and interest rate …

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• 8 November 2024 11:10 am

  Asian Stocks Surge, Tracking Wall Street’s Record Highs Amid U.S. Election and Fed Signals

  

  Asian equities experienced widespread gains on Friday, mirroring Wall Street’s ascent to record highs. Investor sentiment was buoyed by expectations of aggressive fiscal spending under the newly re-elected President Donald Trump and cautious interest rate cuts signaled by the Federal Reserve. Key Market Movements: Asia-Pacific RallyThe Asia-Pacific region marked significant …

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• 8 November 2024 10:50 am

  Oil Markets See Weekly Gains Amid OPEC+ Supply Restraints and Geopolitical Concerns

  

  Oil prices eased slightly during Asian trade on Friday, but the market is still poised to record a solid weekly gain driven by critical supply decisions and geopolitical uncertainties. Key Factors Supporting Oil Prices: OPEC+ Maintains Supply CutsThe Organization of the Petroleum Exporting Countries and its allies (OPEC+) have provided …

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• 8 November 2024 1:00 am

  Powell: I Would Not Go If President Asked Me To Leave

  

  Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference. Key QuotesFed took another step in reducing policy restraint.The labour market remains solid.Inflation has eased substantially.I …

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• 8 November 2024 12:54 am

  Gold Shines, Surging 1.7% After Fed Rate Cut

  

  Gold prices surged over 1.7% after the Federal Reserve delivered a widely anticipated 25 basis point interest rate cut. While the market had largely priced in this move, the Fed’s acknowledgment of economic uncertainty and balanced risks bolstered gold’s safe-haven appeal. Gold is trading at 2,704 at the time of …

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• 7 November 2024 11:50 pm

  Powell explains Fed’s rate cut decision

  

  Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference.The US Dollar remains largely on the defensive following the Fed’s decision to lower its rates by …

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• 7 November 2024 11:25 pm

  Fed Rate Cut Weighs on Euro, EUR/USD Retreats

  

  The Federal Reserve’s anticipated 25-basis point interest rate cut on Thursday tempered the Euro’s earlier gains against the US Dollar. While the move aligned with market expectations, it shifted market focus to the Fed’s December meeting, where another rate cut is widely anticipated.The Euro, the official currency of the Eurozone, …

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