Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 1 December 2022 3:56 pm

  German Retail Sales plunge by 5.0% YoY in October

  

  Germany’s Retail Sales decreased by 2.8% MoM in October versus -0.6% expected and 0.9% previous, the official figures released by Destatis showed on Thursday. On an annualized basis, the bloc’s Retail Sales came in at -5.0% in October versus the -2.8% expected and a 0.9% drop recorded in September. The …

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• 1 December 2022 2:24 pm

  European stocks rise, supported by Powell’s speech and hopes of easing restrictions in China

  

  European stocks rose to their highest levels in three months on Thursday, supported by the Federal Reserve chairman’s indication that the pace of rate hikes will be lowered, as well as China’s softening of its rhetoric on strict anti-Covid-19 rules. The Stoxx 600 was up 0.9% by 0810 GMT, after …

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• 1 December 2022 12:42 pm

  Dollar fell to its lowest level in 3 months against yen

  

  The dollar fell to a three-month low against the yen on Thursday, as investors focused on Federal Reserve Chairman Jerome Powell’s remarks about the possibility of slowing the pace of interest rate hikes “as early as December.” Powell said on Wednesday that slowing the pace at this point is a …

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• 1 December 2022 10:58 am

  Oil rises due to lack of supply and optimism about the recovery of demand from China

  

  Oil prices rose in early Asian trade on Thursday, supported by signs of tight supply and optimism about a recovery in demand from China. And by 0115 GMT, Brent crude futures prices rose five cents to $87.02 a barrel. West Texas Intermediate crude futures rose 16 cents, or 0.2 percent, …

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• 1 December 2022 10:38 am

  Gold is at its highest level in two weeks

  

  Gold prices jumped to a two-week high in early Asian trade on Thursday after Federal Reserve Chairman Jerome Powell’s speech boosted expectations of a lower US interest rate hike. By 0039 GMT, spot gold rose 0.4 percent to $1,775.77 an ounce, after touching its highest level since November 16. US …

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• 1 December 2022 3:00 am

  Market Drivers – US Session 30/11/2022

  

  Overall, market sentiment fluctuated between optimism and concerns, as the US Dollar started the trading day with negative performance. The American currency managed to recover by mid-way, and finally fell closing in the red territory against its major rival currencies.US Dollar’s slump resulted from US Federal Reserve Chair Jerome Powell’s …

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• 1 December 2022 1:50 am

  EUR/GBP rebounds ahead of Germany’s Retail Sales

  

  The EUR/GBP pair is exhibiting mixed performance within a 40-pip range broadly ahead of German Retail Sales. A surprise decline in Eurozone inflation weakened hawkish ECB bets. The sentiment of UK households fell as food inflation soared to a 45-month high.On Wednesday, the headline Eurozone HICP was lower at 10.0% …

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• 1 December 2022 12:18 am

  Gold eying $1,787 ahead of Fed’s favored inflation reading

  

  Gold price begins December on a firmer standing around $1,768, after posting the biggest monthly gains in 29 months during November. The precious metal’s latest run-up could be linked to the dovish messages by Fed Chair Jerome Powell, as well as optimism surrounding China. Gold buyers are expected to take …

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November, 2022

• 30 November 2022 11:15 pm

  Wall Street advances on Powell’s dovish signals

  

  Wall Street is rejoicing on the latest comments by Jerome Powell. The S&P 500 has gained the first day in four following significantly dovish comments by Fed’s Jerome Powell confirming that the US Fed will slow the pace of its hawkish rate-hiking that impacted financial and exchange markets.The broad index …

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• 30 November 2022 10:49 pm

  Powell’s Speech Drags US Dollar Lower

  

  In his first public appearance and remarks on the US economy since the post-FOMC policy decision press conference on November 2, where he warned of a higher terminal rate, Fed chair Jerome Powell said on Wednesday that it would “make sense to moderate pace of interest rate hikes”.Since the November …

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• 30 November 2022 10:19 pm

  European markets close higher on Eurozone inflation data

  

  European markets closed higher on Wednesday as November has proved to be a month with robust performance while regional investors reacted to the latest inflation data from the Eurozone for the month.Stoxx 600 closed up 0.6%, adding monthly gains of around 6.1%. Household goods added 2.3% to represent the leading …

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• 30 November 2022 10:09 pm

  Fed’s Cook: Time nearing to hike rates in smaller steps

  

  Fed’s Lisa Cook, who before said the US central bank is focused on addressing inflation that is “much too high”, reiterated on Wednesday that inflation is still too high.Cook noted that it could soon be “time for the US central bank to take its foot off the gas when it …

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• 30 November 2022 9:23 pm

  US Dollar slides on disappointing jobs data ahead of Powell’s speech

  

  The US dollar is sliding lower following jobs data in November that missed expectations before a highly awaited speech by Fed Chair Jerome Powell. The dollar index added to earlier losses after the ADP National Employment reading indicating that US private payrolls increased far less than expected in November, suggesting …

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