Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 11 November 2024 11:58 pm

  Market Drivers; US Session

  

  As investors braced for the release of US data and a slew of Fed speakers later this week, the greenback surged to new highs on the strength of the “Trump trade.”Due to investors’ reevaluation of possible Trump policies and the effect on the Fed’s easing cycle, the US Dollar Index …

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• 11 November 2024 11:11 pm

  XAU/USD Declines Amid Firmer US Dollar Ahead of Trump’s Protectionist Policies

  

  Gold prices have experienced a significant decline, plummeting over 2.5% on Monday as the US Dollar surged to a four-month high. This downward trend is primarily driven by growing concerns over potential trade tensions under a second Trump presidency. The US Dollar Index (DXY) has climbed to 105.57, boosted by …

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• 11 November 2024 10:07 pm

  Yen Under Pressure as BoJ Uncertainty and US Yield Rise

  

  The Japanese Yen (JPY) continues its downward trajectory against the US Dollar (USD) as uncertainty surrounding the Bank of Japan’s (BoJ) monetary policy persists. Recent developments in Japan’s political landscape and mixed signals from the central bank have raised doubts about the likelihood of future interest rate hikes.BoJ’s Cautious StanceThe …

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• 11 November 2024 9:11 pm

  EUR/GBP Plunges Further Near Multi-Year Low

  

  The EUR/GBP pair extended its downward trajectory on Monday, dipping 0.27% to approach its lowest level since March 2022, around 0.8270. This decline marks a continuation of a five-day losing streak, indicating a strong bearish trend.OutlookGiven the prevailing bearish trend, the EUR/GBP pair is expected to remain under downward pressure. …

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• 11 November 2024 8:09 pm

  What type of Trade War do markets expect under Trump’s presidency?

  

  Under Trump’s presidency, as the Chinese economy is more dependent on exports, making tariffs more potent. However, it is less reliant on American markets and increasingly bent on self-sufficiency. Chinese leaders are directing investment into robotics and aviation to accelerate industrial advances. The balance of power has shifted in favour …

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• 11 November 2024 3:28 pm

  Market Review: Euro Dips to 4-Month Low Against Dollar Amid Tariff Fears and U.S. Policy Uncertainty

  

  The euro fell to its lowest level in 4 and a half months against the U.S. dollar on Monday, as concerns about potential U.S. tariffs weighed heavily on the currency and investors reacted to growing uncertainties surrounding U.S. economic policy under President-elect Donald Trump. At 10:00 GMT, the euro was …

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• 11 November 2024 1:52 pm

  Oil Prices Hold Steady as U.S. Storm Concerns Subside and China’s Stimulus Plan Falls Short

  

  Oil prices remained relatively unchanged on Monday, as concerns over potential supply disruptions from a storm in the U.S. Gulf of Mexico eased, and disappointment over China’s stimulus plan weighed on expectations for future fuel demand growth in the world’s second-largest oil consumer. By 07:14 GMT, Brent crude futures were …

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• 11 November 2024 12:51 pm

  European Stocks Rise Amid Wall Street Momentum and Federal Reserve Rate Cut

  

  European stock markets kicked off the week on a high note, buoyed by record gains from Wall Street and recent moves by the U.S. Federal Reserve to lower interest rates. By 03:10 ET (08:10 GMT), key indices showed robust gains: Germany’s DAX was up 1.1%, France’s CAC 40 increased by …

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• 11 November 2024 12:21 pm

  Bitcoin Reaches New Record High, Driven by Optimism over Trump’s Election Win and Fed Rate Cuts

  

  Bitcoin extended its record-breaking rally on Monday, spurred by favorable sentiment following Donald Trump’s victory in the 2024 presidential election. The world’s largest cryptocurrency reached an all-time high of $81,792.4 before settling slightly lower at $81,193.4 by early morning trading. Trump Victory Fuels Optimism for Cryptocurrencies The surge in Bitcoin …

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• 11 November 2024 6:37 am

  Weekly Recap: Elections, Fed to continue as market movers for a while

  

  Last week marked pivotal to financial markets because of the US presidential election results and the Federal Reserve’s interest rate decision. This confluence of events has the potential to significantly shape the trajectory of global asset prices and market trends for years to come. Given the far-reaching political and economic …

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• 9 November 2024 1:39 am

  Could trade war tariffs architect become Trump’s pick for US Trade Rep?

  

  The man behind the trade war tariffs between the United States and China, Robert Lighthizer, reportedly has been appointed to serve as the US Trade Representative once again in Trump’s upcoming government. He is an ardent supporter of tariffs as a powerful instrument to combat foreign subsidies and support American …

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• 8 November 2024 11:40 pm

  BTC price soars past $77k all-time high amid renewed fears

  

  Earlier during this trading week, Bitcoin’s price reached a new all-time high near $77K, amid concerns about mass liquidations in a snap market reversal. The volatility came as the United States Federal Reserve lowered interest rates by an expected 0.25%. After the latest Federal Open Market Committee (FOMC) meeting, Fed …

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• 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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