Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2023

• 21 November 2023 2:05 pm

  Nikkei declines amid selling in auto stocks due to the rise in the yen

  

  Japan’s Nikkei closed slightly lower on Tuesday as the yen’s rise against the dollar led to selling in automakers’ stocks. The Nikkei fell 0.1 percent to 33,354.14 after opening 0.2 percent higher and trading slightly higher during the session. The broader Topix index fell 0.2 percent to 2,367.79 points. The …

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• 21 November 2023 12:35 pm

  Dollar suffers losses as US interest rates reach their peak

  

  The dollar faced pressure on Tuesday and was trading at multi-month lows against the euro and other major currencies at a time when investors expect US interest rates to fall next year and see this as a signal to sell the dollar as a hedge. Movements were modest in early …

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• 21 November 2023 2:20 am

  Market drivers – US Session, Nov. 20

  

  The US Dollar Index dropped further and fell to 103.45, reaching its lowest level since late August. Risk appetite and lower Treasury yields weighed on the dollar.In the short term, the US dollar remains vulnerable even though the US economy is growing while the Eurozone and other economies are nearing …

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• 21 November 2023 1:35 am

  EUR/USD boosted by softer US dollar, retreating US yields

  

  Profiting from the declining value of the US dollar, the EUR/USD pair keeps rising, currently trading at 1.0942. One major factor supporting the strength of the Euro and weakening the dollar is the decline in US Treasury bond yields.The likelihood of a rate cut by the Federal Reserve supports the …

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• 21 November 2023 12:12 am

  US crude oil rallies on softer US dollar

  

  WTI crude oil has risen over 2% and is currently trading at $77.53, after hitting a daily low of $75.49. Oil prices are influenced by the weak dollar and geopolitical tensions. The Organization of Petroleum Exporting Countries and its allies (OPEC+) are considering additional supply cuts when the cartel meets …

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• 20 November 2023 11:42 pm

  Russia: Economy was about to fall apart after sanctions in 2022

  

  Russia acknowledged that, following the imposition of sanctions by the West in 2022, its economy was in danger of collapsing. The sanctions, which included removing some of Russia’s banks from the SWIFT network, capping the price of Russian oil at $60, and cutting off the country’s access to approximately $300 …

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• 20 November 2023 10:01 pm

  GBP/USD flirts with nine-week high amid UK inflation decline

  

  The GBP/USD pair has surged by over 0.35% during the mid-North American trading session, reaching a peak at 1.2517 before stabilizing at 1.2495.Market odds suggest a less than 10% chance of a rate hike by June 2024, with speculation suggesting the Bank of England may have ended its monetary policy …

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• 20 November 2023 9:28 pm

  USD/JPY crosses 148.32 mark as Yen continues rallying

  

  The USD/JPY pair is approaching a seven-week low, with the Yen gaining over one percent against the dollar. The pair has seen three consecutive days of declining as markets bid the Yen and the US dollar faces selling pressure. On Monday, the pair is aiming below 148.00, trading at 148.32. …

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• 20 November 2023 8:15 pm

  Will Germany experience another poor quarter?

  

  Concerns regarding Germany’s recovery, which is anticipated to be challenging, are growing. Due to a combination of rising interest rates, weak global orders, and high energy costs, Germany’s economy has been among the weakest in Europe this year.Given a combination of rising interest rates, weak global orders, and high energy …

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• 20 November 2023 7:08 pm

  Yellen comments on inflation, China ties

  

  Treasury Secretary Janet Yellen stated on Monday that the US is making “considerable progress” in reducing inflation, which is particularly noteworthy given the strength of the labour market.The government’s consumer price index measures annual inflation, which fell to 3.2% in October from a peak of over 9% in 2022 as …

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• 20 November 2023 6:01 pm

  The Japanese Petroleum Association expects an extension of the oil supply cuts from OPEC+

  

  The head of the Japan Petroleum Industry Association said on Monday that he expects OPEC+ to extend supply cuts beyond December to support oil prices. Three OPEC+ sources told Reuters that the alliance is scheduled to study whether to impose additional oil cuts when it meets on November 26, after …

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• 20 November 2023 4:21 pm

  European stocks are flat after a strong week

  

  European stocks stabilized on Monday after a strong weekly performance that was driven by increased bets on lowering interest rates, while a decline in the health care sector erased gains in energy sector stocks. There was no significant change in the European STOXX 600 index by 0810 GMT, after it …

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• 20 November 2023 2:06 pm

  Nikkei falls from 33-year high after sharp gains spark caution

  

  Japan’s Nikkei index rose to its highest level in more than three decades on Monday before changing course and closing lower as investors remained wary of the index’s recent significant gains. The Nikkei fell 0.59 percent to 33,388.03 points at the close, after earlier rising to its highest level since …

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