Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 30 December 2022 2:00 am

  USD/CHF hovers around nine-month low on weaker dollar

  

  On Thursday, The USD/CHF pair revisits multi-day low, last seen in March, amid broader US dollar’s decline. The positive market sentiment, in addition to the Treasury bond yields, in he red territory, have together impacted the American currency.The pair is trading at the time of writing versus the previous closing …

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• 30 December 2022 12:47 am

  A Good Trading Day: Wall Street Closes Firmer Amid Thin Trading

  

  All 11 S&P 500 sector indexes surged on Thursday, with communication service and technology as the biggest winner with gains of nearly 3%.Wall Street’s main indexes closed higher on Thursday, led by growth stocks amid thin trading conditions, as US jobs data signaled the Fed’s interest rate hikes started to …

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• 29 December 2022 11:50 pm

  Gold aspires to $1817 on retreating T-yields, weaker USD

  

  The price of gold holds its latest gains above $1,816 amidst thin liquidity conditions. The worse-than-expected Initial Jobless Claims data that failed to support the US dollar on Thursday. The US Department of Labour said that Initial Jobless Claims for the week ended on December 24 jumped to 225K, and …

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• 29 December 2022 10:45 pm

  Oil weakens amid thin trading on China uncertainty

  

  Oil prices fell by more than one dollar on Thursday, as more countries ponder new restrictions on flight passengers coming from Chinese airports. This news is raising concerns over demand during a prevalent state of uncertainty about COVID-19 infections spreading in China.Conflicting headlines about demand from top oil importer China …

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• 29 December 2022 9:50 pm

  After FTX’s collapse, could Solana survive in 2023?

  

  SOL price is down 94.8% over the past year, the altcoin is under extraordinary pressure while striving to recover from the real crisis after FTX’s collapse. Solana is battling scrutiny from critics who argue that SOL price appreciation was driven by Bankman-Fried’s marketing efforts. Solana network was championed by Samuel …

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• 29 December 2022 8:54 pm

  Despite Latest Gains, Could UK Pound’s Volatility Persist?

  

  The British Pound adheres to latest gains, benefiting from the optimistic market sentiment and Thursday’s weaker US Dollar.The US Bureau of Labor Statistics (BLS) revealed that Initial Jobless Claims for the week ended on December 24 rose by 225K, in line with expectations. The same report showed that continuing claims …

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• 29 December 2022 7:47 pm

  Rebounding USD/CAD loses momentum on oil price

  

  The recovery of USD/CAD has been suspended below 1.3610. The Canadian dollar is paring its losses on the back of a mild rebound in oil prices. In the same time, the lower US Treasury bonds are impacting the demand for the US dollar. The yield of the benchmark US 10-year …

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• 29 December 2022 5:53 pm

  USD is falling as traders evaluate the reopening in China

  

  The dollar fell on Thursday after rising in the previous session, as investors fretted at the end of the year as initial optimism about China easing coronavirus restrictions and opening up the economy waned. The Japanese yen rose, in its latest trading, by 0.64 percent, to 133.66 against the dollar. …

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• 29 December 2022 3:55 pm

  Fears of the repercussions of sanctions drop ruble to its lowest level in 8 months against USD

  

  The Russian ruble fell to an eight-month low against the dollar as it suffered under expectations that sanctions targeting Russian oil and gas could limit export earnings. The ruble fell 0.9% against the dollar by 0717 GMT to 72.83, its weakest level since April 27. It also fell 0.7% to …

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• 29 December 2022 12:26 pm

  USD stabilizes as optimism about China easing Corona restrictions declines

  

  The dollar stabilized on Thursday after long-term US Treasury yields rose overnight, as initial optimism about China easing coronavirus restrictions and opening up the economy waned. After China removed its quarantine rule for inbound travellers on January 8, countries such as the United States, Japan and India said they would …

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• 29 December 2022 11:15 am

  Oil is falling as the increase in Covid cases in China affects the demand outlook

  

  Oil prices fell on Thursday as rising COVID-19 cases in China dampened hopes of a recovery in fuel demand in the world’s second-largest oil consumer. The scale of the recent outbreak in China and scepticism about official data has prompted some countries to enact new travel rules on Chinese visitors, …

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• 29 December 2022 10:37 am

  Gold rises with the decline of dollar

  

  Gold prices rose on Thursday as the dollar and US Treasury bond yields fell, while traders awaited new indications of the Federal Reserve’s plans to raise interest rates. Spot gold rose 0.2 percent to $1,807.57 an ounce at 0303 GMT, after falling 1 percent in the previous session. US gold …

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• 29 December 2022 7:24 am

  Market Drivers – US Session – 28/12/2022

  

  The 10-year US Treasury note yield stands at 3.88%. The 2-year note yields 4.35% after paying around 0.75% at the beginning of the year. One factor that is leading to another, as inflation is expected to probably surge again, pushing yields at the shorter end of the curve higher. Consequently, …

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