Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2023

• 1 November 2023 3:36 am

  FOMC decision preview: How will Fed react to surging T-yields?

  

  Since July, the Federal Reserve has not increased interest rates. That hasn’t made borrowing costs any less crippling for consumers. In September, the Fed hit the pause button. The US central bank will most likely decide its rate decision on Wednesday in light of key financial conditions, developments and economic …

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• 1 November 2023 2:48 am

  Oil prices retreat on easing supply, geopolitical woes

  

  Tuesday’s closing price of WTI crude oil was $81.18 per barrel, the lowest in two months, as concerns over a growing war faded and traders’ focus was largely directed towards the recent economic data out of the Eurozone.Tuesday saw an improvement in oil prices as investors became less concerned about …

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• 1 November 2023 12:46 am

  EUR/USD retreats on mixed EU data, ahead of Fed’s decision

  

  The EUR/USD pair is presently trading below 1.0600, having retreated from a weekly high of 1.0675. The Eurozone released mixed economic data in October, with GDP declining by 0.1% in Q3 but inflation falling to 2.9% in the same month.ECB officials maintain that more tightening is possible, with Joachim Nagel …

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October, 2023

• 31 October 2023 11:28 pm

  US bond yields decline ahead of the Fed’s decision

  

  US Treasury bond yields have been declining since the beginning of trading on Wall Street, affected by investors’ attempts in the markets to digest the latest US economic data, in addition to anticipation of the Federal Reserve’s meeting on Wednesday.Ten-year US Treasury bond yields fell to 4.873%, compared to the …

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• 31 October 2023 10:01 pm

  US dollar surges ahead of looming Fed decision

  

  The DXY Index advanced to 106.70 ahead of the Fed’s interest rate decision on Wednesday, indicating that the US dollar is strengthening. The US economy proved remarkably resilient in the face of tightening measures, which contributed to the strengthening of the Greenback. While the S&P Dow Jones Indices reported that …

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• 31 October 2023 8:56 pm

  ECB’s Nagel: Rates must be sufficiently high for long

  

  European Central Bank policymaker Joachim Nagel noted on Tuesday that inflation in the Eurozone has fallen significantly but added that it was still too high, per Reuters.The EUR/USD pair stays under bearish pressure despite these hawkish comments and was last seen losing 0.45% on the day at 1.0565.Key Quotes“We must …

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• 31 October 2023 7:45 pm

  Could gold’s upswing continue further?

  

  The price of gold exceeded the $2000 level again for the first time in five and a half months last Friday. Observers and economic analysts are keen to analyze the expectations of the yellow metal, which at the time of writing is trading around $1994 per ounce.Analysts believe that gold …

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• 31 October 2023 5:47 pm

  Reuters survey: OPEC oil production rose for the third month

  

  OPEC oil production rose for the third straight month in October, supported by production increases in Nigeria and Angola despite ongoing cuts from Saudi Arabia and other members of the broader OPEC+ alliance aimed at supporting the market, a Reuters survey showed on Tuesday. The survey showed that OPEC pumped …

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• 31 October 2023 3:39 pm

  European stocks rise supported by real estate and BP is hurting the energy sector

  

  European shares rose on Tuesday, led by real estate and chemicals shares, as investors weighed a batch of economic data, while BP’s weak third-quarter earnings weighed on the energy sector. By 0826 GMT, the European STOXX 600 index rose 0.2 percent, but was heading for its worst monthly performance since …

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• 31 October 2023 2:56 pm

  Nikkei index closed higher after BoJ adjusted its yield curve control policy

  

  Japan’s Nikkei index rose on Tuesday after the Bank of Japan increased flexibility in controlling the yield curve while maintaining its stimulus policy. The Nikkei index closed 0.53 percent higher at 30,858.85 points. The broader Topix index rose 1.01 percent. Financial sector stocks recorded the largest gains, as the insurance …

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• 31 October 2023 1:57 pm

  Oil rises amid supply concerns overshadowed by weak Chinese data

  

  Oil prices rose in Asian trading on Tuesday, after falling more than three percent in the previous session, as concerns about supplies sparked by the conflict in the Middle East overshadowed weak Chinese data. By 0305 GMT, Brent crude futures for December, which expire on Tuesday, rose 36 cents, or …

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• 31 October 2023 10:02 am

  ExxonMobil’s profits decline despite an increase in net income

  

  In the third quarter of this year, ExxonMobil experienced a decline in profits compared to the same period last year, as stated in the earnings report released on Monday. However, the company saw a noteworthy 15% increase in net income in the last September quarter, a boost attributed to the …

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• 31 October 2023 10:01 am

  HSBC earnings exceed expectations

  

  In the last September quarter, HSBC Bank achieved remarkable financial results, reporting net profits of $6.26 billion. This figure represented a substantial increase of 235% in profits compared to the same period the previous year, where profits stood at $2.66 billion. The surge in profits before tax deductions was equally …

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