Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 9 November 2022 12:27 am

  WTI retreats below $90 on concerns about China, US elections

  

  Oil price retreated on fresh fears about Chinese demand. The US dollar’s reversal has failed to support crude prices. WTI falls beyond 2% on the day to hit session lows near $90.00. Oil prices have extended losses for the second consecutive trading day on Tuesday, as hopes about a relaxation …

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• 8 November 2022 11:23 pm

  BoE’s Pill Signals Further Rate Hikes

  

  The Bank of England is pondering further raise interest rates due to concerns that inflation could become woven into the British economic activities, despite the growing risks of a prolonged recession according to BoE’s chief economist Huw Pill.Pill noted that there was “still more to do” to tackle soaring inflation …

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• 8 November 2022 11:08 pm

  Gold set to close with over $38 gain in one big day

  

  Gold and silver prices are sharply jumping up, with gold hitting a four-week high and trading back above $1,700.00 in late-morning US trading Tuesday and even to $1,713.34 at the time of writing versus the pervious closing price at $167548 per ounce on Monday.Silver hit a more-then-four-month high today. The …

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• 8 November 2022 10:17 pm

  GBP/USD rallies near 1.1600 as the US dollar dives

  

  The British pound rushed higher during Tuesday’s US session, bouncing off the 1.1470 area to erase daily losses and session highs right below 1.1600 as the Americans head to the polls.The sterling has abandoned previous weakness and jumped to session highs near 1.1600. the pair is trading at 1.158 at …

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• 8 November 2022 9:22 pm

  Dow rallies 500 points as investors anticipate midterm election results

  

  Stocks rose Tuesday as investors awaited the results of the US midterm elections, which could impact future levels of government spending and regulation.The Dow Jones Industrial Average gained 522 points, or 1.6%, on track for its third straight up day. The S&P 500 rose 1.2%. The Nasdaq Composite was 1.5% …

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• 8 November 2022 8:27 pm

  EUR/USD jumps to session highs on retreating US dollar

  

  The dollar dives with all eyes on the US mid-term elections. So, the euro has squeezed higher on Tuesday’s US trading to hit session highs at 1.0550 with the US dollar dropping suddenly versus rivals. From a wider perspective, however, the pair has been moving without a clear direction, both …

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• 8 November 2022 7:34 pm

  Gold jumps to 5-week high, approaching $1700

  

  Gold price creeps higher amid the lack of US economic data as investors observe the results of the US mid-term elections and October’s CPI. Treasury yields are lower on the day, while expectations for a 50 bps rate hike by the Fed stood above 50%. Gold price is subdued as …

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• 8 November 2022 5:31 pm

  Turkey begins paying in rubles for some Russian gas purchases

  

  According to Reuters, Turkish Energy Minister Fatih Donmez said on Tuesday that Turkey has started paying in Russian rubles for some of its natural gas purchases from Russiam. In an interview with the TRT news channel of the Turkish Radio and Television Corporation, Donmez said the share of payments in …

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• 8 November 2022 4:10 pm

  Gold falls on dollar strength ahead of US midterm elections

  

  Gold prices fell on Tuesday, November 8, due to a slight rise in the dollar, in addition to shifting investors’ attention to inflation data in America, which is expected to be released next Thursday. Markets are awaiting inflation data because of its impact on the Federal Reserve’s decision to raise …

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• 8 November 2022 3:04 pm

  Eurozone Retail Sales drop 0.6% YoY in September

  

  Eurozone’s Retail Sales rose by 0.4% MoM in September versus 0.4% expected and 0% last, the official figures released by Eurostat showed on Tuesday. On an annualized basis, the bloc’s Retail Sales came in at -0.6% in September versus -1.4% recorded in August and -1.3% consensus forecast. EURUSD comes under …

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• 8 November 2022 1:13 pm

  European stocks open lower, and mining companies are the main losers

  

  European shares opened lower on Tuesday, with miners leading the decline amid fears of slowing demand in China and investors being cautious ahead of the US midterm elections that will determine who will have control of Congress. The Stoxx 600 index was down 0.4 percent by 0808 GMT. The European …

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• 8 November 2022 12:35 pm

  Oil prices fall amid concerns about Chinese demand and recession

  

  Oil prices fell on Tuesday, as fears of a recession and the worsening outbreak of the Coronavirus in China raised expectations of lower demand for fuel, outweighing concerns about supplies. Brent crude fell 23 cents, or 0.2 percent, to $ 97.69 a barrel by 0726 GMT, while US West Texas …

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• 8 November 2022 2:36 am

  Market Drivers – US Session 07/11/2022

  

  The US dollar began the trading week, on Monday, with an attempt to recover the gains lost before Friday’s closing bell. Instead, the dollar ended with losing further ground against its major rival currencies.The dollar accelerated its decline late in the US session as Wall Street picked up momentum ahead …

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