Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 15 November 2022 11:24 pm

  Poland’s strike reports put influence Wall Street, S&P 500 pops

  

  A Polish reporter was quoted on the blasts tonight as saying, ”My sources in the services say that what hit Przewowo is most likely the remains of a Russian rocket shot down by the Armed Forces of Ukraine.”US stocks are rallying on the relief of the prospects that this is …

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• 15 November 2022 10:30 pm

  ECB’s Holzmann: Interest rates will be increased further

  

  The European Central Bank’s Robert Holzmann has crossed the wires saying interest rates will be increased further.The EUR/USD pair is climbing in the US trading session, though it remains beneath the highs of the day at 1.0481, reached on the release of a softer-than-expected US Producer Price Index (PPI). PPI …

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• 15 November 2022 9:12 pm

  Gold benefits from another cooler US inflation data

  

  Gold and silver prices are higher in early US trading session on Tuesday, following another US inflation report that came cooler than expected. Gold prices hit a three-month highs and silver prices a five-month high today. December gold was last up $12.90 at $1,769 and December silver was up $0.102 …

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• 15 November 2022 8:11 pm

  Fed’s Bostic: Full impact of policy on inflation won’t be seen for months

  

  On Tuesday, Atlanta Federal Reserve President Raphael Bostic said that he wasn’t expecting to see the full impact of monetary policy on inflation for months. US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on the day at 106.30.On Tuesday also, A key …

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• 15 November 2022 7:17 pm

  Fed’s Harker: Not worried about inflation expectations

  

  On Tuesday, Federal Reserve Bank of Philadelphia President Patrick Harker said “My best guess is we will remove about $2.5 trillion from the balance sheet overall but data will guide us,”.“We want to reduce the balance sheet methodically until we start to see where we need to stop,” Parker added …

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• 15 November 2022 5:15 pm

  Oil prices drop by more than a dollar due to Covid fears in China

  

  Oil prices fell more than $1 a barrel on Tuesday, after a spike in COVID-19 cases in China revived fears of a drop in fuel consumption in the world’s top crude oil importer. Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT, after falling …

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• 15 November 2022 4:09 pm

  Euro and the pound rose after the release of a series of economic data

  

  The euro, sterling and Swedish krona all rose against the US dollar on Tuesday, as traders focused on evaluating a slew of economic data including jobs data in the UK and the eurozone as well as confidence in the German economy. The pound rose 0.6 percent to $ 1.1830, near …

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• 15 November 2022 3:19 pm

  Euro area economy grows at an annual rate of 2.1% in Q3

  

  The euro area economy expanded at an annual rate of 2.1% in the third quarter, Eurostat reported on Tuesday. This reading came in line with the flash estimate and the market expectation. Other data revealed that the euro area trade deficit narrowed to €34.4 billion in September from €52.4 billion. …

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• 15 November 2022 2:37 pm

  European shares open higher, supported by major sectors

  

  European shares started trading higher on Tuesday, boosted by major utilities and real estate stocks, after comments from more Federal Reserve officials dampened hopes of a shift in the bank’s policy. The Stoxx 600 index was up 0.1 percent by 0813 GMT. The utility index rose 0.9, topping the sub-indices …

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• 15 November 2022 12:55 pm

  Gold hits 3-month high as dollar slips

  

  Gold prices hit a three-month high on Tuesday as the dollar fell, amid hopes the Federal Reserve will ease its policy of raising interest rates in the future. Spot gold rose 0.5% to $1,779.94 an ounce by 0745 GMT, its highest since August 17. US gold futures rose 0.4 percent …

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• 15 November 2022 12:22 pm

  Japan shares close higher despite sudden economic downturn

  

  Japanese stocks rose on Tuesday, with investors holding on to shares that fell sharply, even as data showed a surprising economic contraction. The Nikkei index rose 0.1 percent to close at 27,990.17 points, while the broader Topix index rose 0.37 percent to 1964.22. Japan’s economy unexpectedly contracted for the first …

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• 15 November 2022 2:34 am

  Market Drivers – US Session 14/11/2022

  

  US President Joe Biden met his Chinese counterpart Xi Jinping during the G20 summit in Bali. The versions of the outcome vary per national news outlets. Biden said they are not looking for conflict and will not be a new Cold War. Chinese media reported that Xi warned Washington about …

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• 15 November 2022 1:19 am

  Oil dragged down by firmer dollar, China’s COVID news

  

  Oil prices settled around $3 lower on Monday, dragged down by the stronger dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer.Brent crude futures settled down $2.85, or 3%, at $93.14 a barrel after gaining 1.1% on …

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