Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 30 November 2022 8:27 pm

  Dow falls 200 points as investors await Powell speech

  

  The Dow Jones Industrial Average fell on Wednesday as Wall Street is walking through ponds of economic data and investors await this afternoon speech on the US economy by Fed Chair Jerome Powell. Powell will give his speech before Brookings Institute.The Bureau of Economic Analysis reported that GDP increased at …

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• 30 November 2022 7:32 pm

  US JOLTS reading declines to 10.3 million in October

  

  US JOLTS Job Openings discreetly retreated in October. The number of job openings fell to 10.3 million on the last business day of October versus the previous reading of 10.7 million in September according to the US Bureau of Labour Statistics in its Job Openings and Labour Turnover Summary (JOLTS) …

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• 30 November 2022 5:27 pm

  US: Private sector employment rises by 127,000 in November

  

  The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 127,000 in November. This reading came in weaker than the market expectation for an increase of 200,000. The publication further revealed that annual pay was up 7.6% yearly in November. …

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• 30 November 2022 4:18 pm

  Gold is heading for its best monthly performance in more than two years

  

  Gold prices rose on Wednesday, on their way to recording the largest monthly increase in more than two years, while investors await the speech of Federal Reserve Chairman Jerome Powell, seeking any indications on the path of the US central bank’s monetary policy. Spot gold rose 0.6 percent to $1,760.56 …

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• 30 November 2022 2:36 pm

  Eurozone Preliminary Inflation softens to 10.0% YoY in November

  

  The annualized Eurozone Harmonised Index of Consumer Prices (HICP) eased sharply to 10.0% in November vs. October’s 10.6%, the latest data published by Eurostat showed on Monday. The market forecast was for a 10.4% print. The core figures steadied at 5.0% YoY in November when compared to 5.0% expectations and …

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• 30 November 2022 1:54 pm

  Dollar is heading for the largest monthly loss since 2010

  

  The dollar fell from its highest level in a week on Wednesday ahead of a speech by Federal Reserve Chairman Jerome Powell on Wednesday, while optimism about easing strict Covid restrictions in China put it on track for its biggest monthly loss in more than a decade. The euro did …

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• 30 November 2022 1:52 pm

  The Turkish economy grew 3.9% in Q3

  

  Official data showed on Wednesday that the Turkish economy expanded by 3.9 percent in the third quarter on an annual basis, a rate slightly lower than expected and slower than it achieved earlier in the year, as domestic and external demand were affected by high inflation and the global slowdown. …

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• 30 November 2022 1:51 pm

  Oil rises amid hopes of easing Covid restrictions in China

  

  Oil prices rose on Tuesday, amid expectations that China will ease strict restrictions related to Covid-19, but fears that the OPEC + group will keep its production unchanged at its next meeting limited the gains. Brent crude futures settled at $83.03 a barrel, down 16 cents, or 0.2 percent, while …

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• 30 November 2022 12:32 pm

  The Nikkei index is falling for the fourth session

  

  Japan’s Nikkei fell for the fourth consecutive session on Wednesday as data on weak factory production added to fears of a global economic slowdown, while investors await Federal Reserve Chairman Jerome Powell’s speech for clues about US monetary policies. The Nikkei index ended Wednesday’s trading down 0.21 percent at 27,968.99 …

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• 30 November 2022 6:41 am

  Market Drivers – US Session 29/11/2022

  

  Generally speaking; risk assets experienced a big deal of uncertainty as the end of November approaches ahead of Fed Chairman Powell’s address on the economy on Wednesday at Brookings Institute. US Nonfarm Payrolls data is looming on Friday. Risk appetite has deteriorated since Monday after Chinese protests police clashes against …

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• 30 November 2022 1:54 am

  Why do NZD, CHF await Powell, ADP Employment Data?

  

  The NZD/USD pair hovers around 0.6200 as investors await US ADP Employment. The pair also encounters an obstacle around the present rate 0.6200 as anxiety rises ahead of Fed Powell’s remarks on Wednesday. Fed’s interest rate hikes account for weaker projections for US employment data.On a different front, the reopening …

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• 30 November 2022 12:42 am

  Bitcoin Pressured On Bad News Across Crypto Industry

  

  Bitcoin and other cryptocurrencies are edging higher on Tuesday but the digital asset space continues to face pressure on multiple fronts, including contagion from the bankruptcy of exchange FTX and the increasing difficulty of crypto mining.The price of Bitcoin surged by 1% over the past 24 hours to just shy …

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• 29 November 2022 11:59 pm

  US Stocks retreat as China Covid concerns ease

  

  US stocks slid on Tuesday as Wall Street continued a slow start to the week, with investors continuing to monitor the latest developments related to the sudden surge of protests in China over the government’s “zero COVID” stance.The S&P 500 was down 0.4% in midday trading, while the Dow Jones …

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