Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2024

• 16 December 2024 2:29 pm

  Europe’s Labour Market Shows Signs of Cooling, Easing Inflation Pressures

  

  Europe’s labour market softened in the third quarter, with data on Monday indicating a decline in inflationary pressures, potentially paving the way for further interest rate cuts. Labour cost growth in the eurozone slowed to 4.6% in Q3, down from 5.2% in the previous quarter, according to Eurostat. Meanwhile, the …

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• 16 December 2024 1:28 pm

  Bitcoin Hits Record High Amid Speculation on U.S. Crypto Reserve and Pro-Crypto Sentiment

  

  Bitcoin surged to an unprecedented high above $106,000 on Monday, fueled by optimism surrounding a potentially favorable regulatory environment under President-elect Donald Trump. His comments about creating a U.S. strategic bitcoin reserve—akin to the nation’s oil reserves—further bolstered market enthusiasm for cryptocurrencies. Key Highlights: Bitcoin Price Surge: Bitcoin reached a …

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• 16 December 2024 1:08 pm

  Oil Futures Pull Back Amid Profit-Taking, Sanction Risks, and Fed Meeting Anticipation

  

  Oil futures eased slightly on Monday after reaching their highest levels in weeks, as traders booked profits ahead of the Federal Reserve’s final policy meeting of the year. Despite the decline, prices remain supported by fears of supply disruptions linked to potential U.S. sanctions on major oil exporters like Russia …

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• 16 December 2024 12:09 pm

  Gold Prices Hold Steady Amid Fed Meeting Expectations; Copper Pressured by Weak China Data

  

  Gold prices remained relatively flat during Asian trading on Monday as investors tread cautiously ahead of the Federal Reserve’s final policy meeting for 2024. A stronger dollar and mixed signals on U.S. interest rate expectations added pressure to the precious metal, while industrial metals, such as copper, faced headwinds from …

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• 16 December 2024 1:40 am

  Weekly Recap: Central banks on the move

  

  Last Monday, the Nasdaq index temporarily surpassed the 20,000-point mark, setting a new record. Strong economic growth, increasing corporate profits, moderate inflation, and the beginning of central banks easing their monetary policies have all contributed to the stock market’s successful performance this year. However, some uncertainties remain about the future …

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• 14 December 2024 1:31 am

  T-Yields Rise, US Dollar Strengthens on Robust Inflation Data

  

  The US dollar continued its upward trajectory on Friday, buoyed by strong inflation data released earlier in the week. The data revealed that US consumer and producer prices have remained elevated, reinforcing expectations of a more hawkish Federal Reserve. The dollar index, which measures the greenback against a basket of …

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• 14 December 2024 12:18 am

  ECB’s Rate Cut Weighs on Euro, but Technicals Hint at Potential Rebound

  

  Euro Under Pressure, But a Technical Rebound LoomsThe Euro has been grappling with downward pressure following the European Central Bank’s (ECB) decision to cut interest rates. The EUR/USD pair, a key currency market indicator, has hovered near the 1.0500 level, suggesting a delicate balance between bearish and bullish forces.Technical Analysis …

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• 14 December 2024 12:07 am

  What could looming Fed’s rate cut mean for investors?

  

  The Federal Reserve’s impending interest rate cut is a complex event with far-reaching implications for investors and consumers alike. While it may offer some short-term relief, it also introduces a host of uncertainties and potential risks.A Cautious PivotThe Fed’s decision to ease monetary policy reflects a cautious approach to navigating …

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• 13 December 2024 11:48 pm

  S&P 500 Pauses as Investors Digest Recent Gains

  

  The S&P 500 was little changed on Friday, putting it on track for a weekly decline. Despite a strong performance by technology stocks, led by Broadcom’s surge following impressive earnings results, the broader market remained relatively subdued.Broadcom’s market capitalization surpassed $1 trillion, driven by soaring artificial intelligence demand. Other tech …

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• 13 December 2024 10:28 pm

  What Are The Best-Performing Commodity ETFs in 2024?

  

  While financial assets have had a stellar year, commodity ETF performance has been merely “okay.” The top-performing broad commodity ETF of the year, the WisdomTree Enhanced Commodity Strategy Fund (GCC), increased 17.5% so far this year through December 11. However, the $4.3 billion Invesco Optimum Yield Diversified Commodity ETF (PDBC), …

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• 13 December 2024 9:49 pm

  XAU/USD declines on rising T-yields as FOMC meeting looms

  

  Gold, often considered a safe-haven asset, has recently faced headwinds as rising US Treasury yields and a stronger dollar have weighed on its price. While geopolitical tensions and economic uncertainties could provide support for the precious metal, the Federal Reserve’s monetary policy decisions will play a crucial role in shaping …

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• 13 December 2024 8:58 pm

  Pro-Crypto US Politician Appointed Chairman of House’s Financial Services Committee

  

  The House Financial Services Committee’s new chairman, French Hill, was chosen by Republicans. Hill is an advocate for cryptocurrency and led the FIT21 bill to regulate it. Chair Patrick McHenry is retiring, and French Hill will take over. Pro-crypto members of the Republican Party Patrick McHenry, who is retiring, will …

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• 13 December 2024 7:38 pm

  Crude oil swings around $70 ahead of hoped weekly gains

  

  Crude oil prices have recently seen a surge, pushing crude oil futures above the $70 per barrel mark. While this upward trend is fueled by factors like OPEC+ production cuts and geopolitical tensions, a closer look reveals a more complex picture. The recent rally in oil prices is a testament …

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