Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 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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• 19 November 2024 10:08 pm

  Fed’s Schmid: Large fiscal deficits won’t cause inflation as Fed will raise rates

  

  Jeffrey Schmid, president of the Federal Reserve Bank of Kansas, expressed optimism on Tuesday, saying he thinks both employment and inflation are moving toward their target levels. The Fed policymaker did, however, warn investors that although the Fed is not preparing any preventative measures for potential government policies in the …

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• 19 November 2024 9:41 pm

  Could Bitcoin Hit $100,000 This week?

  

  Bitcoin price consolidates between $87,000 and $93,000 after reaching a new all-time high of $94,000 breaking the previous $93,265, recorded last week. Reports highlight that investors may delay rotating into altcoins as BTC shows potential to reach the $100K milestone. Once more attracting the interest of investors all around, Bitcoin …

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• 19 November 2024 8:49 pm

  Can Trump’s administration influence interest rates?

  

  Trump’s administration has been criticized for potentially meddling with the Fed’s decisions about the US monetary policy. However, there is little Trump could do to threaten the Fed’s independence. Trump and some of his allies have suggested that Trump should be allowed to comment on interest rates, but this would …

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• 19 November 2024 7:52 pm

  Safe-Haven Currencies Surge as Geopolitical Tensions Escalate

  

  Global Markets React to Russia’s Nuclear Doctrine UpdateGlobal financial markets experienced significant volatility on Tuesday, November 19th, as Russia’s revision of its nuclear doctrine sparked concerns about escalating geopolitical tensions. Investors flocked to safe-haven assets, driving up the value of currencies like the U.S. dollar, Swiss franc, and Japanese yen. …

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