Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 14 November 2022 11:15 pm

  USD/CHF slides on SNB Jordan’s hawkishness

  

  Fe members stressed the need to prolong rate hikes, even though at a slower pace, and the comments by Fed Vice Chair Lael Brainard, in particular, are bolstering the US dollar. The Swiss Franc continues to strengthen against the US Dollar.Based on data, SNB Governor Thomas J. Jordan said they …

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• 14 November 2022 10:24 pm

  Jordan: “Great probability” that the SNB will need to tighten monetary policy

  

  Swiss National Bank Chairman Thomas Jordan has recently hinted that further interest rate hikes were on the way from the central bank. He previously said “determined action” is required to check rising prices. On Monday, Jordan noted there is a “great probability” that the SNB will need to tighten monetary …

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• 14 November 2022 9:18 pm

  US shares trim earlier declines after Brainard’s remarks

  

  US stocks pared earlier declines after Fed Vice Chair Lael Brainard said that it would be appropriate “soon” for the central bank to slow its pace of interest-rate hikes.The S&P 500 fell 0.1% after struggling for direction earlier in the session. The tech-heavy Nasdaq 100, which is typically more sensitive …

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• 14 November 2022 8:47 pm

  Breaking: Fed’s Brainard suggests slower pace of rate hikes will come ‘soon’

  

  Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon slow the pace of its interest rate increases.With markets expecting a likely step down in December from the Fed’s rapid pace of rate increases this year, Brainard confirmed that a slowdown if not a stop is …

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• 14 November 2022 8:37 pm

  NY Fed: One-year consumer inflation expectation rises to 5.9% in October from 5.4%

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation rose to 5.9% in October from 5.4% in September.The US Dollar Index showed no immediate reaction to this publication and it was last seen gaining 0.45% on the …

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• 14 November 2022 7:39 pm

  USD Index looks firm ahead speech by Fed’s Brainard

  

  The US Dollar Index reclaims the area above the 107.00 mark on Monday. US yields tread water amid general absence of direction. The USD Index keeps unchanged following the opening bell in Wall Street. The Index looks supported around 106.30The index regains some poise after the sharp decline seen in …

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• 14 November 2022 5:47 pm

  Dollar stabilizes as Fed remains cautious on inflation

  

  The dollar stabilized on Monday after falling sharply last week after Federal Reserve Chairman Christopher Waller said the central bank had not eased its fight against inflation. Slightly lighter-than-expected inflation data on Thursday dragged the dollar down, with the dollar index dropping 3.6 percent in two sessions last week, its …

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• 14 November 2022 4:26 pm

  OPEC cuts global demand growth forecast again as economic challenges escalate

  

  On Monday, OPEC lowered its forecast for global oil prices in 2022, the price of oil in car prices. The Bureau of Petroleum Exporting Pictures (OPEC) said in a monthly report that oil demand in 2022 will rise by 2.55 million barrels per day, or 2.6 country houses. OPEC Oil …

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• 14 November 2022 3:38 pm

  Eurozone Industrial Production expands by 0.9% in September

  

  Industrial Production in the euro area and the European Union expanded by 0.9% on a monthly basis in August, the data published by Eurostat revealed on Monday. This reading came in better than the market expectation for an increase of 0.3%. On a yearly basis, Industrial Production in the euro …

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• 14 November 2022 2:51 pm

  European shares open higher thanks to mining stocks

  

  European shares rose on Monday as mining stocks rose on hopes of rising demand from China, while caution prevailed after a top policymaker at the Federal Reserve said the bank would not “relax” its fight against inflation. The pan-European Stoxx 600 index rose 0.1 percent by 0811 GMT, after posting …

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• 14 November 2022 2:25 pm

  Oil gives up gains on rising COVID-19 cases in China and dollar’s strength

  

  Oil prices pared their previous gains and fell Monday, November 14, affected by the rise in the dollar and the increase in Corona virus infections in major Chinese cities, which dashed hopes of reopening the economy of the world’s largest importer of crude. Brent and US West Texas Intermediate crude …

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• 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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