Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 2 December 2022 7:34 pm

  GBP/USD poised for additional weakness on positive NFP data

  

  The GBP/USD pair retreated from around 1.2290s close to 100 pips after the release of better-than-expected labour market report in the United States, suggesting that further central bank tightening will be required.However, after the US employment report, the GBP/USD is trading around 1.2210s, after traveling towards its daily low of …

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• 2 December 2022 5:55 pm

  US Nonfarm Payrolls rise by 263,000 in November

  

  Nonfarm Payrolls in the US rose by 263,000 in November, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading came in much higher than the market expectation of 200,000. October’s reading got revised higher to 284,000 from 261,000. Further detail of the publication revealed …

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• 2 December 2022 5:11 pm

  The dollar is near a 16-week low, and the yuan is heading for its biggest weekly gain since 2005

  

  The dollar settled near its lowest level in 16 weeks against a basket of major currencies on Friday, ahead of key data related to the labor market in the United States, while the yuan is heading to record its biggest weekly gain since China revalued its currency in 2005. The …

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• 2 December 2022 3:01 pm

  European stocks are heading for gains for the seventh week

  

  European stocks seem to be heading for gains for the seventh week in a row amid easing fears of tightening monetary policy globally. However, stocks fell on Friday ahead of the release of US jobs data. The pan-European Stoxx 600 index fell 0.5 percent after two days of strong gains. …

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• 2 December 2022 1:17 pm

  Oil prices fluctuated with the expectation of easing Corona restrictions in China

  

  Oil prices witnessed volatile performance on Friday, as hopes for further easing of Coronavirus restrictions in China and the subsequent recovery in demand in the world’s second-largest economy boosted market sentiment, but the rise of the dollar limited the gains. Brent crude futures fell 1 cent, or 0.01%, to $86.87 …

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• 2 December 2022 11:57 am

  US NFP Preview

  

  The US Bureau of Labor Statistics (BLS) will release the November jobs report on Friday, December 2 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming employment data. Expectations are for …

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• 2 December 2022 10:39 am

  Gold is heading towards the best weekly performance in three weeks

  

  Gold prices fell on Friday before the announcement of important US jobs data. However, they are still on track to record the best weekly performance in three weeks, with the dollar weakening due to expectations of a slowdown in the rate hike at the Federal Reserve and indications of declining …

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• 2 December 2022 10:12 am

  Oil is falling but still in the way to record weekly gains

  

  Oil prices fell in early Asian trade on Friday after the dollar recovered some of its losses, while the easing of anti-COVID-19 restrictions in two Chinese cities limited losses. By 0128 GMT, Brent crude futures fell 11 cents, or 0.1 percent, to $86.77 a barrel, while West Texas Intermediate crude …

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• 2 December 2022 3:12 am

  Market Drovers -US Session 1/12/2022

  

  The US Dollar kept extending its decline to multi-month lows against most of its major rivals amid persistent optimism and weak US data, in addition to the general mood triggered by Fed’s signls concerning tightening the US monetary policy at a slower pace.On Friday, the US will publish the Nonfarm …

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• 2 December 2022 1:00 am

  Dollar Falls, Wall Street Mixed Ahead of NFP data

  

  The performance of US shares is mixed on Thursday as a selloff in Salesforce impacted the Dow Jones, while traders are busy; digesting a fresh batch of US economic data which generally indicate that the Fed’s interest rate hikes are working towards their aspired target.On Wednesday, US manufacturing activity shrank …

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• 1 December 2022 11:45 pm

  NFP Preview: Jobs could surge by 208,000

  

  On Friday, all eyes will be on the US non-farm payrolls reading during the first week of a new month. The all-important data will be attentively watched by all market players to see whether the aggressive rate-rising policy of the US central bank is knocking the labour market which has …

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• 1 December 2022 10:23 pm

  USD/CAD fluctuates following US manufacturing data

  

  The USD/CAD pair stopped its slump following US data that signaled further retreating economic activity in United States.The weaker-than-expected US ISM Manufacturing PMI triggered a fresh wave of Risk aversion in addition to comments by Fed’s Bowman who said there’s work to do by the US central bank.The USD/CAD pair …

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• 1 December 2022 8:52 pm

  Estonia’s Hawkish stance pressured amid talks to cap Russian oil

  

  Estonia is holding a hawkish stance insisting that capping the prices of oil to a level could have no impact on Russia’s war.Estonia is pressured by other EU member states in order not to go forward with the nation’s threat to veto a US-proposed cap on the price of Russian …

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