Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 3 November 2022 2:11 pm

  European stocks open sharply lower as the US central bank hints at a peak in interest rates

  

  European shares started trading sharply lower on Thursday after the Federal Reserve dashed any hopes of easing monetary tightening policies aimed at curbing inflation, and even hinted at smaller interest rate hikes for a longer period. The pan-European STOXX 600 index fell 0.9% by 0810 GMT, with interest-rate-sensitive European technology …

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• 3 November 2022 1:41 pm

  Oil falls on demand concerns after US interest rate hike

  

  Oil prices fell on Thursday after the Federal Reserve raised interest rates, which led to the rise of the dollar and increased fears of a global recession that will hurt demand for fuel; however, concerns about supplies limited the decline in prices. By 0750 GMT, Brent crude was down 85 …

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• 3 November 2022 2:28 am

  Market Drivers – US Session 02/11/2022

  

  The US central bank decided a jumbo 75-basis points rate hike, and the accompanying statement suggested policymakers would soon slow the pace of quantitative tightening. US Dollar Biggest Winner From Fed’s DecisionThe US dollar finished Wednesday higher across the board following a volatile American session. The US Federal Reserve was …

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• 3 November 2022 1:42 am

  Gold retreats from weekly highs on Fed’s rate decision

  

  The Gold Index, XAU/USD hit a daily high at $1669 before erasing its gains later as traders are digesting the remarks by Fed Chair Jerome Powell and the Fed’s rate policy statement.If XAU/USD clears the $1617.30 support, a re-test of $1600 is potential. Gold price erased Tuesday’s gains following the …

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• 3 November 2022 1:27 am

  Oil Prices Benefit From Bullish EIA Data

  

  Crude oil prices moved up on Wednesday after the US Energy Information Administration reported an inventory draw of 3.1 million barrels for the week ending on Friday, October 28. At 436.8 million barrels, inventories were 3% below the five-year average for this time of the year according to the EIA. …

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• 3 November 2022 12:39 am

  AUD/USD hits week low post Powell’s speech

  

  The Australian dollar undergoes a significant U-turns from 0.9490 and dives to one-week lows at 0.9350. analysts believe that Fed’s Powell is still taking a hawkish stance against hot inflation in front of the journalists, so, his remarks are pushing the USD higher.The dollar suffered following FOMC’s statement which is …

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• 2 November 2022 11:49 pm

  Fed’s monetary policy statement in brief

  

  Regarding the monetary policy statement, the Fed acknowledged that US economic growth was slowing down in spending and production and commented that labour market conditions remain “robust” and the unemployment rate is slow. Fed policymakers added that inflation remains elevated, a reflection of the supply/demand imbalances blamed on the pandemic …

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• 2 November 2022 11:38 pm

  US stocks witness volatile trading on FOMC rate decision

  

  The Federal Reserve hiked its target interest rate by three quarters of a percentage point, as expected. Chair Jerome Powell said that the Fed could start to dial back rate hikes in future meetings, giving the economy a bit of a breather from punishing interest rate spikes that have slowed …

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• 2 November 2022 11:07 pm

  Jerome Powell: If we overtighten, we have tools to support economic activity

  

  FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3.75-4% following the November policy meeting.Key Quotes“If we overtighten then we have the ability with our tools to support economic activity.”“On the other …

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• 2 November 2022 10:34 pm

  EUR/USD jumps to two-day highs after FOMC statement

  

  The US Federal Reserve has raised interest rate by 75 basis points as expected. The US dollar as FOMC says will take into account the cumulative tightening.The EUR/USD pair is gaining momentum, above 0.9950 could test parity. The EUR/USD rose following the Fed’s decision to raise interest rates by 75 …

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• 2 November 2022 10:23 pm

  Gold Price rallies after FOMC’s dovish language

  

  Gold prices have shot higher on a hint of dovishness in today’s interest rate statement and policy decision by the Federal Open Market committee. The vote was unanimous in favour of the policy whereby the Fed hiked by 75bps, setting the target range at 3.75% – 4.00%. Gold is up …

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• 2 November 2022 10:03 pm

  Breaking: Fed hikes policy rate by 75 bps to 3.75-4% as expected

  

  The US Federal Reserve on Wednesday announced that it raised the policy rate, federal funds rate, by 75 bps to the range of 3.75-4% following the November’s two-day monetary policy meeting. This decision came in line with the market expectation. This is the fourth Fed’s interest rate hike in a …

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• 2 November 2022 9:24 pm

  EUR/GBP in range below 0.8625 ahead of the FOMC

  

  The euro remains stalled below 0.8625 for the second consecutive day. The market is calm ahead of the FOMC. On Thursday, the BoE is expected to deliver a “dovish hike”.The euro has remained trading within a narrow range against the British pound for the second consecutive day. The pair has …

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