Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 14 December 2022 1:51 am

  Market Drivers – US Session 13/12/2022

  

  Economic data dragged the US dollar down after Tuesday’s US Consumer Price Index reading that rose by 7.1% on a yearly basis in November, versus previous 7.7% in October. In the same period, core CPI, which excludes volatile food and energy prices, rose by 6%, below the 6.1% expected.The encouraging …

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• 13 December 2022 11:23 pm

  Will Fed step down pace of interest rate hiking?

  

  Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …

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• 13 December 2022 8:27 pm

  Forecasts By Five Major Banks on November’s UK CPI Reading

  

  The UK will release the Consumer Price Index data on Wednesday, December 14. Economists and researchers of five major banks have provided their expectations on the awaited data as follows:Headline is expected at 10.9% year-on-year versus 11.1% in October while Core, which excludes volatile food and energy prices, is expected …

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• 13 December 2022 7:28 pm

  USD/CAD sinks after US CPI data

  

  The Canadian Dollar is breaking out on the back of the softer than expected CPI data in the United States. Technically speaking, the bears have eyes on 1.3380 as a possible last defense for a much deeper correction versus the US dollar.The Canadian Dollar, which had already been heading up …

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• 13 December 2022 4:35 pm

  Oil prices rise amid supply disruptions and optimism about China

  

  Oil extended its gains on Tuesday, with supply disruptions and easing anti-Corona restrictions in China, the world’s largest crude importer. Brent crude futures rose 90 cents, or 1.15 percent, to $78.89 a barrel by 1020 GMT, while US West Texas Intermediate crude futures rose 67 cents, or 0.92 percent, to …

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• 13 December 2022 2:22 pm

  European stocks rose ahead of US inflation data

  

  European stocks rose on Tuesday as investors hoped that US inflation data due for release later in the day would allow the Federal Reserve to slow the pace of interest rate hikes. The pan-European Stoxx 600 index was up 0.1 percent by 0812 GMT. Technology stocks led the index, rising …

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• 13 December 2022 1:32 pm

  Turkish industrial production rose 2.5% in October

  

  Data showed on Tuesday that Turkish industrial production increased 2.5 percent year-on-year in October, much larger than expected, continuing its year-on-year growth for the 28th month. Data from the Turkish Statistical Institute showed that industrial output also rose 2.4 percent from September on a seasonally adjusted basis.

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• 13 December 2022 12:40 pm

  Japan’s Nikkei records its highest level in two weeks ahead of US inflation data

  

  Japan’s Nikkei rose on Tuesday, briefly crossing the 28,000-point mark for the second time this month, as investors prepare for US inflation data and the Federal Reserve’s monetary policy decision. The Nikkei closed up 0.4 percent at 27954.85, after reaching its highest level since December 1st at 28116.56, but then …

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• 12 December 2022 10:14 pm

  AUD/USD Eying Australian Data, US CPI.

  

  The Australian dollarsnapped three days of gains and dropped 0.84%, following last Friday’s US producer’s inflation data, ahead of the release of the CPI in the United States. The positive sentiment that usually supports the AUD/USD keeps the Australian dollar under pressur. Therefore, the AUD/USD pair is trading at 0.6735 …

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• 12 December 2022 9:22 pm

  NY Fed: Consumer inflation expectation declines in November

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation declined to 5.2% in November from 5.9% in October, marking the biggest one-month decline on record.Further details of the publication showed that the three-year ahead expected inflation edged …

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• 12 December 2022 8:36 pm

  EUR/USD benefits from weaker US dollar ahead of CPI data, policy decisions

  

  The US Consumer Price Index is expected to be cooler. Sliding CPI data is in the favour of the Euro, due to less hawkish tightening anticipated the Federal Reserve.The awaited CPI data will be released on Tuesday, estimates refer to falling from 7.7% in the previous month’s reading to a …

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• 12 December 2022 7:19 pm

  Gold’s next price direction awaits key US events

  

  The precious metal is trading at $1784.27 per ounce at the time of writing versus the previous closing price at $1797.11.Inflation data from the US and the Federal Reserve’s policy decision are expected to help investors obviously see whether gold price can extend its bullish rally into the end of …

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• 12 December 2022 5:44 pm

  Turkey’s high unemployment key challenge to Erdogan in presidential elections

  

  Data on Monday showed that Turkey’s unemployment rate rose to 10.2 percent in October, posing a potential challenge to President Recep Tayyip Erdogan’s hopes of re-election next year, even as inflation trended lower and the currency remained broadly stable. Economic growth is also expected to remain subdued ahead of presidential …

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