Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2023

• 9 November 2023 10:29 pm

  How Is Russia using gold to avoid sanctions?

  

  Russia is utilizing gold to get around sanctions put in place following its invasion of Ukraine, according to a red alert issued by the UK National Crime Agency (NCA) to the financial industry. According to the NCA, concerted efforts are being made to launder gold that has been sanctioned in …

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• 9 November 2023 9:38 pm

  Wall Street still stuck as oil recovers from sharp losses

  

  After recent fluctuations, Wall Street appears to be mostly neutral. The Standard & Poor’s 500 is expected to have a quiet, mixed day for the fourth straight day, with early trading remaining unchanged. Nearly flat on the Nasdaq composite, the Dow Jones industrial average was up 11 points, or less …

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• 9 November 2023 8:21 pm

  Fed’s Barkin: Fed pondering whether more to be done

  

  Richmond Federal Reserve Bank President Thomas Barkin said on Thursday it remains to be seen whether the Fed needs to tighten the policy further.The US Dollar showed no immediate reaction to these comments. At the time of press, the US Dollar Index was virtually unchanged on the day at 105.50.Key …

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• 9 November 2023 7:06 pm

  US dollar weakened on dovish comments by Fed officials

  

  Due to dovish remarks made by Fed officials, the US dollar has declined, and the Dollar Index (DXY) has only halfway recovered. The dollar’s recovery from last week’s weakness is only halfway complete, as indicated by the Dollar Index (DXY). Later on Thursday, traders will be watching for cues and …

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• 9 November 2023 5:10 pm

  Ukraine: The alternative export corridor in the Black Sea is operating despite the Russian attack

  

  Ukraine’s alternative export corridor in the Black Sea is still operational despite the recent Russian attack on a Ukrainian civilian ship, Ukrainian Deputy Prime Minister Oleksandr Kubrakov said on Thursday, November 9. Ukrainian officials said on Wednesday that a Russian missile damaged a civilian ship flying the Liberian flag that …

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• 9 November 2023 3:05 pm

  Gold is approaching a 3-week low ahead of Powell’s comments

  

  Gold approached its lowest level in three weeks on Thursday, November 9, as demand for safe havens resulting from the conflict in the Middle East faded, while investors awaited the Federal Reserve Chairman’s statements seeking more evidence on interest rates. Gold fell in instant transactions by 0.1% to $1,948.39 per …

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• 9 November 2023 2:44 pm

  Sony’s operating profits decline 29% in the second fiscal quarter

  

  Sony announced Thursday, November 9, a 29% decline in operating profits in the second fiscal quarter, as the Japanese electronics giant suffered weakness in its chip business. Revenues amounted to 2.8 trillion Japanese yen, equivalent to “18.5 billion dollars,” compared to an expected 2.87 trillion yen, which represents an increase …

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• 9 November 2023 2:15 pm

  Japan’s Nikkei recovers at the close after positive business results

  

  The Japanese Nikkei index achieved strong gains at the close on Thursday, November 9, ending losses that continued for two days, supported by strong business results that helped raise shares of energy companies and consumer goods. The Nikkei closed at an increase of 1.49%, recording 32,646.46 points, offsetting most of …

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• 9 November 2023 1:03 pm

  European stocks opened stable

  

  European stocks began trading on Thursday on a stable note after the positions of European Central Bank policymakers reduced market optimism regarding interest rate cuts, while investors again awaited comments from Federal Reserve Chairman Jerome Powell. The European STOXX 600 index saw little change by 0810 GMT after touching the …

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• 9 November 2023 3:01 am

  Market Drivers – US Session, Nov. 8

  

  Gold is still under pressure; it is now trading below $1,950, and it is at its lowest point since October 19. The drop in Treasury yields did not help the yellow metal. Due to the decline in Gold, Silver finished the day unchanged at $22.50.On Wednesday, the US dollar showed …

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• 9 November 2023 2:28 am

  Disney reports better than expected profit

  

  Disney revealed impressive Q4 results, with theme park revenue continuing to rise and profits exceeding estimates. But there was cause for concern regarding a drop in ad revenue, mostly from Disney’s ABC Network and other owned TV stations. With an additional $2 billion in cost-cutting measures, the company intends to …

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• 9 November 2023 1:45 am

  New Zealand Dollar moves back after central bank’s report

  

  New Zealand’s dollar has lost ground against the US Dollar following the Reserve Bank of New Zealand’s latest inflation expectations report. The report suggests that prices are likely to fall in the future, capping interest rates, a negative for NZD. The NZD/USD pair has lost 0.37% on the day and …

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• 9 November 2023 12:59 am

  Oil price remains lower after Tuesday’s steep decline

  

  Early on Wednesday, oil prices continued to decline from their lowest points since July. West Texas Intermediate, at $77.30 per barrel, saw minimal movement. The global benchmark, Brent crude, increased by 0.1% to $81.69 per barrel. The price of a barrel of Brent crude dropped $2.14, or 2.6%, to $79.47. …

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