Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 22 December 2022 3:46 am

  Germany’s finance ministry expects stumbling economic activity over winter

  

  Germany’s finance ministry expects activity in Europe’s biggest economy to remain subdued during the fourth quarter of this year and first quarter of next and sees declining inflation rates during 2023, it said in its monthly report per Reuters.The EUR/USD pair is still unchanged around 1.0600, paying little attention to …

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• 22 December 2022 3:29 am

  How long can gold benefit from firmer market sentiment?

  

  Gold price remains on its direct way to snap two-week uptrend. The US data reinforce the dollar’s recovery but firmer sentiment is sufficient to keep gold buyers hopeful.US Gross Domestic Product is expected to confirm initial forecasts for Q3, suggesting further uptrend for the Gold Index, meanwhile, the several news …

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• 21 December 2022 10:52 pm

  bitcoin Can Bitcoin hold above $17,000 before new year?

  

  Bitcoin is trading at $16764 at the time of writing. The most famous cryptocurrency is struggling below $17,000 as the new year draws nearer. BTC fades a bit with some profit-taking. Simultaneously, US stocks are in the green territory and provide more tailwinds and help Bitcoin traders build up considerable …

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• 21 December 2022 9:58 pm

  Core PCE expectations by five major banks

  

  The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure will be published on Friday, December 23 at 13:30 GMT and as markets get closer to the release time, economists and researchers of five major banks have provided their following expectations concerning the upcoming reading.The market expectation is for the …

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• 21 December 2022 8:54 pm

  US stocks surge as Wall Street strives from selloffs

  

  US stocks moved higher during early Wednesday’s US session as Wall Street witnessed strong earnings from Nike and FedEx. These earnings boosted investors looking to fight back recent extensive selling. The S&P 500 rose 1.1%, while futures on the Dow Jones Industrial Average jumped more than 400 points, or 1.3%. …

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• 21 December 2022 8:01 pm

  Existing Home Sales decline by 7.7% in November

  

  THE Existing Home Sales Index in the US fell sharply in November. US Dollar Index is still clinging to small daily gains slightly above 104.00.Existing Home Sales in the US declined by 7.7% in November to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors reported …

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• 21 December 2022 7:03 pm

  US Consumer Confidence improves to 108.3 in December

  

  The CB Consumer Confidence Index in the US rose in December. The US Dollar Index retreats toward 104.00 in the US trading session.Consumer sentiment in the US continued to improve in the US with the Conference Board’s Consumer Confidence Index rising to 108.3 from 101.4 in November. This reading came …

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• 21 December 2022 5:43 pm

  Yen is holding on to big gains after a sudden change in the Bank of Japan’s policy

  

  The yen stabilized on Wednesday after jumping nearly 4 percent in the previous session when the Bank of Japan unexpectedly revised one of its key policies, giving government bond yields an opportunity to rise. The Bank of Japan revised its yield curve control policy on Tuesday while leaving its broader …

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• 21 December 2022 5:42 pm

  Gold is locked in a narrow range as traders await economic data

  

  Gold prices fell on Wednesday in a narrow range in light of the rise of the dollar, but the precious metal did not move far from the highest level in a week, which it recorded in the previous session, amid anticipation of economic data to be published during the current …

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• 21 December 2022 3:26 pm

  The Russian ruble fell to its lowest level against the dollar since May

  

  The Russian ruble fell to its lowest level since early May, crossing 70 to the dollar on Wednesday, bringing its monthly losses to nearly 14 percent, amid fears of sanctions imposed on Russian oil and gas. And by 0939 GMT, the ruble fell 2.5 percent against the dollar, recording 70.60, …

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• 21 December 2022 2:09 pm

  Gold is falling as the dollar regains some strength

  

  Gold prices fell on Wednesday, after hitting a one-week high in the previous session, on the back of the dollar regaining some strength, which makes bullion priced in the US currency more expensive for buyers abroad. Spot gold fell 0.2 percent to $1,813.55 an ounce by 0623 GMT, after rising …

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• 21 December 2022 12:33 pm

  Japanese government bond yields are rising and stocks are falling

  

  Yields on Japanese government bonds rose and the Nikkei fell on Wednesday after the Japanese central bank surprised the markets on Tuesday with a change in its policy to control the yield curve. The benchmark 10-year government bond yield jumped seven basis points to 0.480%, its highest since July 2015 …

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• 21 December 2022 11:24 am

  US stocks decline

  

  Market sources, citing data from the American Petroleum Institute, said on Tuesday that US crude oil inventories fell last week, while gasoline and distillate inventories rose. The sources said that crude stocks fell by about 3.1 million barrels in the week ending December 16. Gasoline stocks increased by about 4.5 …

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