Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 14 November 2022 1:20 pm

  Oil prices rise, supported by hopes of increasing Chinese demand

  

  Oil prices rose about 1 percent on Monday, extending gains from the previous session, as China eased some of its strict protocols to combat the Coronavirus, raising hopes of a recovery in economic activity and demand in the world’s largest importer of crude. Brent crude and US West Texas Intermediate …

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• 14 November 2022 12:36 pm

  Nikkei falls from two-month highs

  

  Japan’s Nikkei closed lower on Monday after hitting a two-month high in the previous session, as investors booked profits and market heavyweight SoftBank Group fell after its investment arm Vision Fund reported another big quarterly loss. The Nikkei index closed down 1.06 percent to 27,963.47 points, while the broader Topix …

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• 14 November 2022 11:54 am

  Gold retreats from three-month high as dollar rises

  

  Gold prices fell on Monday from a three-month high reached in the previous session as the dollar and US bond yields rose after a senior Federal Reserve official warned that the board was not easing its fight against inflation. And the price of gold in spot transactions 0.5 percent to …

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• 14 November 2022 7:45 am

  Financial Markets’ Weekly Recap 6 – 11 November

  

  Britain’s economy contracted in the three months to September at the start of what is likely to be a prolonged recession, adding to the challenges facing Chancellor Jeremy Hunt as he prepares to raise taxes and cut spending. Official data on Friday showed Britain’s economy shrank 0.2 percent in the …

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• 12 November 2022 3:23 am

  Market Drivers – US Session 11/11/2022

  

  Global stocks rallied on Friday for a second day on hopes cooler US inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years.Economic DataMSCI’s all-country world index rose 1.91%, lifting it to its …

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• 12 November 2022 3:08 am

  Wall Street benefits from softer US dollar

  

  On Wall Street, US stocks surged, Friday, to add to the prior US session’s biggest daily percentage gains for the S&P 500 and Nasdaq in more than 2-1/2 years after year-over-year inflation in October fell below 8% for the first time in eight months.The S&P 500 closed out its best …

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• 12 November 2022 2:35 am

  What is next after gold’s best week in more than 2 years?

  

  The price action of gold, next week, will look for direction mostly from the US dollar which attains a special standing as the key driver for gold’s ability to continue to this week’s rally.Gold is quickly becoming the asset to watch amid hot inflation as well as when inflation starts …

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• 12 November 2022 1:25 am

  Yellen urges markets to read CPI data with caution

  

  US Treasury Secretary Janet Yellen said she is not reading too much into October’s inflation report, which showed price pressures narrowing faster than expected and sent markets soaring.While the consumer price index report, which showed annual inflation slowed to 7.7%, was good news, it might not mean that inflation is …

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• 12 November 2022 12:30 am

  Treasury’s Yellen to meet China central bank Chair at G20 summit

  

  US Treasury Secretary Janet Yellen said on Friday that she will meet China’s central bank governor Yi Gang on the sidelines of the G20 Summit in Bali to discuss global economic conditions and China’s property market situation. The expected meeting will coincide with President Joe Biden’s planned Monday meeting with …

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• 11 November 2022 11:31 pm

  Bitcoin abandons prior recovery on FTX’s bad news

  

  News about FTX, Alameda Research and affiliated companies filing for bankruptcy, is putting additional pressure on crypto assets. Bitcoin is trading at $16700 at the time of writing, down -$843 or 4.75% versus the previous closing price at $17551on a bullish spark ignited early Friday. The cryptocurrency market will likely …

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• 11 November 2022 10:23 pm

  WTI still positive, despite retreating from $90.00 highs

  

  WTI is trimming some of its weekly losses and seems boosted by a weaker US dollar. At the time of writing, WTI crude is trading at $88.26 per barrel as easing inflation in the United States destabilized the dollar as traders look forward to less aggressive Fed’s stance. China’s refineries …

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• 11 November 2022 9:34 pm

  GBP/USD rallies to multi-month highs

  

  The sterling extended its gains towards 1.1790s after a soft US inflation report. The US Dollar sharplyfalls during the US session, as the US Dollar Index edged down 1.20%, below the 107.000 mark.The Consumer sentiment reading in the United States worsened as inflation expectations rose. The Pound Sterling keeps rising …

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• 11 November 2022 8:37 pm

  BoE’s Haskel: policy should stand firm against inflation

  

  Bank of England policymaker Jonathan Haskel said on Friday that it is important for the monetary policy to stand firm against the risk of persistent inflationary pressure, as reported by Reuters.GBPUSD showed no immediate reaction to these comments and was last seen rising 0.6% on the day at 1.1780.Key Quotes“Concern …

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