Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 20 December 2022 8:03 pm

  FTX founder agrees to be extradited to the United States

  

  Former FTX CEO has agreed to be extradited to the United States, but Sam Bankman-Fried also announced that he wanted to see the accusation statement filed against him in New York before agreeing to extradition.FTT price noted a 7.7% decline in the last 24 hours, recording fresh lows around $0.860. …

  Read More »
• 20 December 2022 7:04 pm

  Canada’s Retail Sales Rise Above Expectations

  

  Retail Sales in Canada, for October, unexpectedly surged, however, the USD/CAD pair is trading in negative territory, holding slightly above 1.3600. Retail Sales in Canada rose by 1.4% on a monthly basis in October following September’s 0.6% decline, the data published by Statistics Canada revealed on Tuesday. The latest reading …

  Read More »
• 20 December 2022 2:59 pm

  European stocks are at their lowest level in two and a half months

  

  European stocks fell on Tuesday, dragged down by declines in real estate and technology stocks, after Japan’s central bank rattled global markets with a sudden policy shift that would allow long-term interest rates to rise further. The pan-European Stoxx 600 index was down 0.9 percent by 0808 GMT, its lowest …

  Read More »
• 20 December 2022 1:04 pm

  Japan’s Nikkei closes at its lowest level in two months

  

  The Japanese Nikkei index ended trading on Tuesday at its lowest level in two months, and the yield on government bonds for ten years recorded the highest rise in seven years, after the central bank surprised investors by allowing a hike in long-term interest rates. The Nikkei fell 2.46 percent …

  Read More »
• 20 December 2022 11:55 am

  Gold strengthens its position as dollar declines

  

  Gold prices rose on Tuesday on a weaker dollar, although lingering concerns about the Federal Reserve’s interest rate hike kept non-profit metals’ gains in check. Spot gold rose 0.3 percent to $1,791.91 an ounce by 0636 GMT, and US gold futures rose 0.1 percent to $1,800.20 an ounce. And the …

  Read More »
• 20 December 2022 11:35 am

  America’s oil exports are about to exceed its imports in 2023

  

  The United States has become a global exporter of crude oil over the past few years, but its exports have never exceeded its imports since World War II. This may change next year. US crude oil sales to other countries are now at a record 3.4 million bpd, with exports …

  Read More »
• 20 December 2022 10:32 am

  Oil rises, but uncertainty about the outbreak of Covid in China limits gains

  

  Oil prices rose in early trading on Tuesday, supported by a weaker dollar and the United States’ plan to rebuild its strategic reserves, but gains were limited by uncertainty over the impact of rising COVID-19 cases in China, the world’s largest oil importer. Brent crude futures rose 61 cents, or …

  Read More »
• 20 December 2022 2:49 am

  Market Drivers – US Session 19/12/2022

  

  Firmer government bond yields provided near-term support to the USD, but plummeting US indexes limited the dollar’s potential gains.Gold flirted with $1,800 but finished the day in the red at around $1,786 a troy ounce. Crude oil prices, however, posted modest gains, with WTI settling at $75.40 a barrel.No catalysts …

  Read More »
• 20 December 2022 2:28 am

  Treasury yields jump as investors assess 2023 economic outlook

  

  Treasury yields surged on Monday, as investors assess the cumulative probability that the world’s MAJOR central banks will keep raising rates in 2023 despite the economic impact.Traders focus on assessment of the 2023 monetary-policy outlook of central banks from the US to Japan and Europe. Longer term yields are below …

  Read More »
• 20 December 2022 1:19 am

  Oil rises but recession fears limit gains

  

  Oil prices surged on Monday on optimistic expectations and hopes for China’s economy after news speaking about relaxing COVID-19 restrictions. But, fears of a global recession would weigh on energy demand and therefore oil’s gains are limited.China is experiencing its first of three expected waves of COVID-19 cases after Beijing …

  Read More »
• 20 December 2022 12:18 am

  Wall Street retreats on persisting recession worries

  

  Wall Street equities were in the red territory on Monday. Nasdaq was leading the prevalent declines as investors’ worries accelerate concerning Fed’s monetary policy tightening that could drag the US economy into a recession.The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track …

  Read More »
• 19 December 2022 11:22 pm

  GBP/USD benefits from the tightening cycle

  

  The Pound Sterling is leaning against a critical level of support while the US dollar is surprisingly weak. The Federal Reserve and Bank of England’s rate decisions are being digested. The GBP/USD pair is 0.2% higher at the time of writing on the first day of the trading week. However, …

  Read More »
• 19 December 2022 10:20 pm

  ECB’s Nagel: It will take a while to return to 2% inflation

  

  The European Central Bank is targeting 2% inflation and Bundesbank President Joachim Nagel said ”it will take a while to return to 2% inflation.”Earlier in December, Nagel was quoted saying that the ECB should start reducing its large holdings of government debt in the first quarter of next year as …

  Read More »