Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 20 November 2024 11:15 pm

  US Dollar Strengthens on Hawkish Fed Stance

  

  The US Dollar Index (DXY) has surged to near 106.70, driven by a combination of factors, primarily the Federal Reserve’s hawkish monetary policy stance and rising US Treasury yields.Fed’s Hawkish ToneFederal Reserve officials have adopted a cautious approach to potential rate cuts, citing persistent inflationary pressures and robust economic data. …

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• 20 November 2024 9:25 pm

  BoE’s Ramsden Still Optimistic on Rate Cuts

  

  Bank of England Deputy Governor Dave Ramsden expressed confidence in the UK’s inflation trajectory, suggesting that a recent uptick in October’s CPI data is a temporary blip. He believes that inflation will continue to decline, allowing the central bank to maintain its easing monetary policy.Key points from Ramsden’s remarks:Inflation Outlook: …

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• 20 November 2024 8:46 pm

  Fed’s Cook: Could see a pause on rate moves if inflation progress slows

  

  Federal Reserve Board of Governors member Lisa Cook noted on Wednesday that while she views the overall economic outlook within the US as fairly balanced, the Fed might get forced into a pause on rate cuts if inflation progress slows down while employment remains solid.Key QuotesIf the labour market and …

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• 20 November 2024 7:31 pm

  GBP/USD Retreats After UK CPI

  

  The GBP/USD pair experienced a sharp decline following the release of hotter-than-expected UK inflation data. This unexpected surge in inflation has heightened expectations of a less accommodative monetary policy stance from the Bank of England.Unless the pair can reclaim the 1.2700 level, the bearish trend is likely to persist. A …

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• 20 November 2024 7:03 pm

  Is Eurozone’s Debt Crisis Looming?

  

  The specter of a Eurozone sovereign debt crisis is once again haunting the continent. A confluence of factors, including elevated debt levels, sluggish growth, and fiscal slippage, has created a perfect storm that threatens to undermine the bloc’s economic stability. The European Central Bank (ECB) has sounded the alarm, highlighting …

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• 20 November 2024 4:39 pm

  U.S. Futures Edge Higher Amid Earnings Optimism, Nvidia in Spotlight

  

  U.S. stock index futures rose slightly on Wednesday, buoyed by optimism over retail earnings and anticipation for Nvidia’s quarterly results, even as geopolitical tensions in Eastern Europe introduced caution. At 05:45 ET (10:45 GMT), the Dow Jones Futures rose 70 points (+0.2%), the S&P 500 Futures gained 5 points (+0.1%), …

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• 20 November 2024 4:37 pm

  European Stocks Rebound as Technology Sector Leads Gains Amid Ukraine-Russia Developments

  

  European markets regained footing on Wednesday, breaking a three-day losing streak, as technology stocks surged and safe-haven demand eased amidst renewed focus on geopolitical and economic developments. The pan-European STOXX 600 rose 0.5% as of 09:20 GMT, recovering from a three-month low touched on Tuesday. Major indices in Germany, France, …

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• 20 November 2024 12:41 pm

  Oil Prices Stabilize Amid Ukraine Conflict and Mixed Market Signals

  

  Oil prices held steady for a second consecutive day on Wednesday as geopolitical tensions from the Ukraine war balanced against signs of stronger crude imports from China and a rise in U.S. crude stockpiles. Brent crude futures for January delivery edged up by $0.11 to trade at $73.42 per barrel …

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• 20 November 2024 11:37 am

  UK Inflation Surges Past BoE Target, Raising Questions Over Future Rate Policy

  

  Inflation in the United Kingdom unexpectedly surged in October, pushing consumer price growth back above the Bank of England’s (BoE) 2% target. The increase in underlying inflation pressures suggests that the central bank may need to tread carefully when considering interest rate cuts. Consumer prices rose by an annual 2.3% …

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• 20 November 2024 11:03 am

  Gold Extends Gains Amid Rising Geopolitical Tensions, But Dollar Strength Limits Upside

  

  Gold prices climbed higher on Wednesday, bolstered by increasing safe haven demand as geopolitical tensions between Russia and Ukraine escalated. However, gains in the precious metal were somewhat restrained due to the persistent strength of the U.S. dollar. Spot gold edged up by 0.2% to $2,636.28 an ounce, while December …

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• 20 November 2024 1:31 am

  Market Drivers; US Session

  

  The US Dollar traded sideways on Wednesday, November 20th, as geopolitical tensions between Russia and Ukraine continued to dominate market sentiment. Investors sought safety in the US Dollar, driving demand for the currency. However, a decline in US Treasury yields tempered the greenback’s strength.Key economic events to watch this week …

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• 20 November 2024 12:15 am

  Gold Prices Surge Amidst Geopolitical Tensions

  

  Gold prices rallied to a one-week high on Tuesday, trading now at $2630.38, up +0.72%, driven by escalating geopolitical tensions between Russia and Ukraine. The Kremlin’s announcement of a revised nuclear doctrine, which views attacks from non-nuclear states backed by nuclear powers as joint attacks, sparked investor concerns. As a …

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• 19 November 2024 11:11 pm

  Dow Jones Stumbles on Geopolitical Tensions

  

  The Dow Jones Industrial Average (DJIA) experienced a volatile day on Tuesday, initially plunging to 42,850 due to escalating geopolitical tensions between Russia and Ukraine. While markets broadly recovered, the Dow Jones remained under pressure, closing over 150 points lower.Key Factors:Russian Nuclear Threat: Russian President Vladimir Putin’s warning about lowering …

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