Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 15 November 2022 5:15 pm

  Oil prices drop by more than a dollar due to Covid fears in China

  

  Oil prices fell more than $1 a barrel on Tuesday, after a spike in COVID-19 cases in China revived fears of a drop in fuel consumption in the world’s top crude oil importer. Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT, after falling …

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• 15 November 2022 4:09 pm

  Euro and the pound rose after the release of a series of economic data

  

  The euro, sterling and Swedish krona all rose against the US dollar on Tuesday, as traders focused on evaluating a slew of economic data including jobs data in the UK and the eurozone as well as confidence in the German economy. The pound rose 0.6 percent to $ 1.1830, near …

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• 15 November 2022 3:19 pm

  Euro area economy grows at an annual rate of 2.1% in Q3

  

  The euro area economy expanded at an annual rate of 2.1% in the third quarter, Eurostat reported on Tuesday. This reading came in line with the flash estimate and the market expectation. Other data revealed that the euro area trade deficit narrowed to €34.4 billion in September from €52.4 billion. …

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• 15 November 2022 2:37 pm

  European shares open higher, supported by major sectors

  

  European shares started trading higher on Tuesday, boosted by major utilities and real estate stocks, after comments from more Federal Reserve officials dampened hopes of a shift in the bank’s policy. The Stoxx 600 index was up 0.1 percent by 0813 GMT. The utility index rose 0.9, topping the sub-indices …

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• 15 November 2022 12:55 pm

  Gold hits 3-month high as dollar slips

  

  Gold prices hit a three-month high on Tuesday as the dollar fell, amid hopes the Federal Reserve will ease its policy of raising interest rates in the future. Spot gold rose 0.5% to $1,779.94 an ounce by 0745 GMT, its highest since August 17. US gold futures rose 0.4 percent …

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• 15 November 2022 12:22 pm

  Japan shares close higher despite sudden economic downturn

  

  Japanese stocks rose on Tuesday, with investors holding on to shares that fell sharply, even as data showed a surprising economic contraction. The Nikkei index rose 0.1 percent to close at 27,990.17 points, while the broader Topix index rose 0.37 percent to 1964.22. Japan’s economy unexpectedly contracted for the first …

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• 15 November 2022 2:34 am

  Market Drivers – US Session 14/11/2022

  

  US President Joe Biden met his Chinese counterpart Xi Jinping during the G20 summit in Bali. The versions of the outcome vary per national news outlets. Biden said they are not looking for conflict and will not be a new Cold War. Chinese media reported that Xi warned Washington about …

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• 15 November 2022 1:19 am

  Oil dragged down by firmer dollar, China’s COVID news

  

  Oil prices settled around $3 lower on Monday, dragged down by the stronger dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer.Brent crude futures settled down $2.85, or 3%, at $93.14 a barrel after gaining 1.1% on …

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• 15 November 2022 12:09 am

  USD/CAD supported by stronger US dollar

  

  The USD/CAD pair is set to move higher, receiving significant support from the firmer US dollar on Monday. WTI crude is under pressure because Covid infection in China, and this is one factor that is knocking the Canadian dollar. The USD/CAD pair is heading upside on Monday, partly as oil …

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• 14 November 2022 11:15 pm

  USD/CHF slides on SNB Jordan’s hawkishness

  

  Fe members stressed the need to prolong rate hikes, even though at a slower pace, and the comments by Fed Vice Chair Lael Brainard, in particular, are bolstering the US dollar. The Swiss Franc continues to strengthen against the US Dollar.Based on data, SNB Governor Thomas J. Jordan said they …

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• 14 November 2022 10:24 pm

  Jordan: “Great probability” that the SNB will need to tighten monetary policy

  

  Swiss National Bank Chairman Thomas Jordan has recently hinted that further interest rate hikes were on the way from the central bank. He previously said “determined action” is required to check rising prices. On Monday, Jordan noted there is a “great probability” that the SNB will need to tighten monetary …

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• 14 November 2022 9:18 pm

  US shares trim earlier declines after Brainard’s remarks

  

  US stocks pared earlier declines after Fed Vice Chair Lael Brainard said that it would be appropriate “soon” for the central bank to slow its pace of interest-rate hikes.The S&P 500 fell 0.1% after struggling for direction earlier in the session. The tech-heavy Nasdaq 100, which is typically more sensitive …

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• 14 November 2022 8:47 pm

  Breaking: Fed’s Brainard suggests slower pace of rate hikes will come ‘soon’

  

  Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon slow the pace of its interest rate increases.With markets expecting a likely step down in December from the Fed’s rapid pace of rate increases this year, Brainard confirmed that a slowdown if not a stop is …

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