Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 29 November 2022 2:20 am

  Fed’s Brainard: Successive supply shocks a challenge for central banks

  

  “The successive shocks to global supply chains from the pandemic and the war in Ukraine could ‘herald a shift’ to an era of more volatile inflation and force central banks to guard against it with tighter monetary policy,” Fed vice chair Lael Brainard said in remarks released on Monday by …

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• 29 November 2022 12:47 am

  EUR/USD extends risk-off decline towards support territories

  

  At the time of writing, EUR/USD is down some 0.29% falling to a low of 1.0338; sliding from a higher of 1.0496. Risk currencies, such as the Euro are under considerable pressure as protests against COVID restrictions in China weighed on the overall market sentiment.The violent protests in major Chinese …

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• 28 November 2022 11:32 pm

  Fresh decline of gold on stronger US dollar

  

  Gold continues to decline starting the beginning of the US trading session on Monday, affected by the rise of the US dollar after changing its direction due to the markets’ focus on the current events in China.Gold futures fell to $ 1740 per ounce, versus the previous closing at $ …

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• 28 November 2022 10:39 pm

  USD/CAD climbs to 1.3460 on risk aversion

  

  The Canadian dollar extended its losses amid the market’s prevalent risk-off sentiment. Canada printed a deficit on its current account and this news could constitute a headwind for the Canadian dollar.The Canadian dollar extended its losses to two straight days, though it trimmed some of its losses after the USD/CAD …

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• 28 November 2022 10:31 pm

  Fed’s Bullard: Recession is not inevitable

  

  The US central bank needs to raise interest rates a bit further in order to maintain control over the country’s hot inflation in order to bring it back down toward the central bank’s 2% goal according to St. Louis Fed President James Bullard.On Monday, Bullard said that rates need to …

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• 28 November 2022 9:23 pm

  Wall Street witness limited losses on Amazon’s gains

  

  Wall Street’s indexes fell on Monday amid growing concerns about protests in China against the government’s strict COVID-19 restrictions, although Amazon’s gains helped limit losses as Cyber Monday sales are closer to record figures.Amazon’s shares rose 2% following an industry report that spending on Cyber Monday, the biggest US online …

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• 28 November 2022 8:18 pm

  World trade slows down as UK retail sales fall

  

  Global trade growth is slowing down due to weakening export orders and demand for container shipments and air freight further retreats.The goods barometer calculated by the World Trade Organization sank below its trend levels, in another signal that the global economy is weakening. It has slipped to 96.2, down from …

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• 28 November 2022 7:24 pm

  EUR/GBP rises toward 0.8700 on stronger Euro

  

  The Euro rises on Monday on the back of hawkish comments. The EUR/GBP pair currently finds support again at the 0.8570 zone. The EUR/GBP is rising sharply on Monday, boosted by a stronger Euro across the board. The cross peaked at 0.8675, hitting the highest level since Wednesday. It is …

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• 28 November 2022 5:09 pm

  Dollar and yuan fell on protests against Covid restrictions in China

  

  The dollar fell sharply against the Japanese yen on Monday, as investors focused on rare protests in China that pushed the yuan to a two-week low. Protests against anti-COVID restrictions erupted across China and spread to several cities in the wake of a fire that killed 10 people in Urumqi, …

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• 28 November 2022 3:16 pm

  Gold fell as the dollar rose amid fears of Corona in China

  

  Gold prices fell on Monday after the dollar rose on demand for a safe haven sparked by protests in several Chinese cities over the strict restrictions to combat the Coronavirus. The spot gold price fell 0.4 percent to $1,748.84 an ounce at 0555 GMT. US gold futures fell 0.3 percent …

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• 28 November 2022 3:13 pm

  European stocks decline under the weight of the protests in China

  

  European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets. The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian …

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• 28 November 2022 12:57 pm

  Oil fell more than two dollars, as protests over Corona in China fueled concerns about demand

  

  Oil futures fell more than $2 a barrel on Monday, with U.S. West Texas Intermediate crude falling to an 11-month low as protests in China, the largest oil importer, over tough COVID-19 restrictions fueled concerns about demand. Brent crude fell $2.16, or 2.6 percent, to trade at $81.47 a barrel …

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• 28 November 2022 12:56 pm

  Nikkei Index Falls Amidst Covid Fears in China

  

  Japan’s Nikkei fell for the second consecutive session on Monday as protests in China over tough restrictions to combat the coronavirus hurt investor sentiment, while technology stocks fell in line with their Wall Street peers. The Nikkei index ended the day’s trading down by 0.42 percent, at 28,162.83 points. It …

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