Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 26 December 2022 11:44 pm

  Why is ECB’s latest move looked upon as kamikaze rate hike?

  

  Some observers have described the ECB’s latest policy decision as “kamikaze” and said it would lead the Eurozone to a prolonged recession.Europe’s central bank decided to raise interest rates in the Eurozone, and this is likely to lead to a collapse of the Euro and to a severe economic crisis …

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• 26 December 2022 9:25 pm

  OPEC praises Libya’s role in global oil market

  

  OPEC Secretary-General Haitham Al-Ghais has congratulated the Libyan people on the 71st anniversary of the national Independence Day. Al-Ghais stated that OPEC has benefited from Libya’s contribution during the past years, since the signing of the cooperation agreement in 2016, as well as by combating the Corona virus 2020. He …

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• 26 December 2022 7:46 pm

  What is behind the current Yen’s Strength?

  

  The latest announcement by the Bank of Japan (BOJ) to modify its so-called Yield Curve Control framework immediately created a state of chaos in the currency markets.The announcement by the BoJ at one of the most illiquid times of the day. It also occurred during one of the most illiquid …

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• 26 December 2022 11:30 am

  Japanese stocks closed higher thanks to gains on Wall Street

  

  Japanese stocks closed higher on Monday, supported by the rise of Wall Street in the last session, and the stocks of technology and energy companies topped the gainers, while the market was affected by the decline in stocks of banks and insurance companies. The Nikkei index rose 0.65 percent to …

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• 26 December 2022 10:41 am

  Russia is ready to resume gas supplies to Europe via the Yamal-Europe pipeline

  

  Russian Deputy Prime Minister Alexander Novak told the official Tass news agency that Moscow is ready to resume gas supplies to Europe through the Yamal-Europe pipeline. “The European market is still important with the continued gas shortage, and we have every opportunity to resume supplies,” TASS quoted Novak as saying …

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• 26 December 2022 6:10 am

  Financial Markets’ Weekly Recap, December 19-23

  

  The dollar fell against most currencies in volatile and weak trading on Friday after data indicated a slight slowdown in inflation in the United States, which boosted expectations of the Federal Reserve raising interest rates at lower rates and improved investors’ appetite for risk. The personal consumption expenditures price index …

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• 24 December 2022 2:51 am

  Market Drivers – US Session 23/12/2022

  

  The US dollar showed signs of recovery in a bullish correction, supported by positive US data that has fueled speculation that the Fed will pursue fighting inflation in 2023.The dollar remained mostly flat for the day in low-volume holiday markets, trading around 104.34. The index has stuck to a range …

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• 24 December 2022 1:48 am

  Could Partisan differences threaten US’s 2023 budget?

  

  A few months ago, observers said that they believe the most likely outcome for fiscal policy over the next two years will be a monetary policy jam. This comes after the Democrats enacted major spending programs in the past two years to maintain relief for the COVID-19 pandemic, in addition …

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• 24 December 2022 12:58 am

  Crude oil surges $3 on Russia’s output-linked signals

  

  On Friday, crude oil prices settled about $3 per barrel higher for a second straight week of gains following Moscow said it could reduce crude output in response to the G7 price cap on Russia’s energy exports.Brent crude settled at $83.92, up by $2.94 or 3.6%, while U.S. West Texas …

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• 23 December 2022 11:54 pm

  What does Durable Goods Orders data mean for the US dollar?

  

  As expected, Durable Goods Orders data in the US retreated in November. The US Dollar Index is within its daily range below 104.50 after the data.Durable Goods Orders in the US declined by 2.1%, or $5.8 billion, in November to $270.6 billion, the US Census Bureau announced on Friday. This …

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• 23 December 2022 10:57 pm

  WTI Crude oil surges on supply worries

  

  On Friday, Russia announced it might cut oil output early in January. The US markets are due to close earlier on Friday amid the Christmas holidays.The American WTI crude price retreated modestly after reaching a fresh monthly high. Crude oil prices are up on Friday, with the West Texas Intermediate …

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• 23 December 2022 9:52 pm

  US stocks heading tow third-successive losing week

  

  US stocks extended their losses on Friday as they encountered extended selling that has become a general trait of December ahead of the long holiday weekend.The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each sank 0.5% after struggling for direction at the open. The technology-heavy Nasdaq Composite (^IXIC) …

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• 23 December 2022 8:58 pm

  GBP/USD struggles to hold in the green territory

  

  The US PCE inflation eased for November as expected. In the United States also, the Durable Goods Orders was disappointing. Meanwhile, the GBP/USD pair struggles to retain the 1.2038 mark as US dollar demand increase ahead of the long weekend.Following a short-lived slide to 1.2022, which is a fresh daily …

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