Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 9 December 2022 5:09 pm

  Stability of Dollar before the release of US producer price data

  

  The dollar was little changed against major currencies on Friday as concerns about the performance of the US economy returned, ahead of the release of producer price index data later on Friday and the Federal Reserve meeting to decide on interest rates next week. Investors are looking forward to a …

  Read More »
• 9 December 2022 3:36 pm

  Russia to decide on increasing oil output after assessing the effects of price caps

  

  Russia’s Deputy Finance Minister said that Moscow will decide whether to increase its oil production based on the results of the first quarter of 2023, following the imposition of an EU embargo on Russian oil exports and a price cap from the West. Russian President Vladimir Putin criticized the West’s …

  Read More »
• 9 December 2022 1:44 pm

  European stocks rise, supported by rise in the industrial and financial sectors

  

  European stocks rose on Friday, as industrial and financial stocks rose on optimism related to China’s easing of anti-Covid-19 restrictions, while Credit Suisse jumped after news of a capital increase. The pan-European STOXX 600 rose 0.2 percent by 0810 GMT, and appeared to be heading for an increase after losing …

  Read More »
• 9 December 2022 1:09 pm

  Gold rises with fall of dollar ahead of Fed

  

  Gold prices rose on Friday, supported by a weak dollar, while investors prepared for important inflation data in the United States and the Federal Reserve’s decision to raise interest rates next week. Spot gold increased 0.2% to $1,793.16 an ounce by 0241 GMT, but has fallen 0.3% since the beginning …

  Read More »
• 9 December 2022 12:27 pm

  Japan shares jumped, supported by Wall Street gains and the easing of Corona restrictions in China

  

  Japanese stocks jumped on Friday, led by chip-related and other blue-chip stocks, after Wall Street closed higher Thursday night, supported by growing hopes of a recovery in global economic growth following China’s easing of anti-COVID-19 restrictions. The Nikkei index closed up 1.18 percent at 27,901.01 points, recording the largest daily …

  Read More »
• 9 December 2022 2:31 am

  Market Drivers – US Session 08/12/2022

  

  According to US Treasury Sec. Janet Yellen, “recession is not inevitable”. But, Yellen declined to say whether the dollar had peaked against other currencies. US stocks benefited on Thursday and exhibited better performance on anticipations of slower pace of monetary policy tightening. The performance of stocks impacted the US Dollar, …

  Read More »
• 9 December 2022 2:03 am

  US dollar retreats amid anticipations on Friday’s PPI data

  

  The US dollar has been declining against most major rival currencies since the beginning of the US trading session, on Thursday. The dollar’s performance is impacted by anticipations regarding the awaited US inflation.The dollar index, which measures the performance of the American currency against a basket of major currencies, fell …

  Read More »
• 9 December 2022 1:27 am

  Yellen: US recession is not inevitable

  

  US Treasury Secretary Janet Yellen said on Thursday that the Biden administration is listening to concerns raised by European allies over the US Inflation Reduction Act, a $430 billion green energy subsidy package.Many European Union countries fear their companies will be unfairly disadvantaged by the subsidies contained in the new …

  Read More »
• 8 December 2022 11:43 pm

  BoC’s Kozicki: Future rate decisions to rely more on data

  

  Deputy BoC Governor Sharon Kozicki said on Thursday that the Bank of Canada will study the latest economic data to find out direction and accordingly decide whether or not to raise interest rates, adding it would move forcefully if necessary.At the time of writing. USD/CAD pair trades at 1.3583, namely …

  Read More »
• 8 December 2022 9:20 pm

  Gold Prices Rallies Amid Trending Slower Pace of Interest Hiking

  

  GOLD prices rallied on Thursday, erasing this week’s previous 1.4% drop in Dollar terms as the US currency retreated once more on the FX market ahead of next week’s expected slowdown in Federal Reserve rate hikes, helping New York equities push higher despite a rise in longer-term interest rates in …

  Read More »
• 8 December 2022 8:16 pm

  US stocks rise on Wall Street, but still lower for the week

  

  US stocks rose in morning trading on Wall Street Thursday, but are still lower for the week after five straight losses.The S&P 500 rose 0.9% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average rose 244 points, or 0.7%, to 33,842 and the Nasdaq rose 1.2%.Energy stocks had some …

  Read More »
• 8 December 2022 7:12 pm

  AUD/USD Benefits From Sliding Dollar

  

  The US Dollar falls across the board on Thursday, amid positive risk appetite. The AUD/USD pair strengthens after breaking 0.6750, trims weekly losses. US Initial Jobless Claims rise to 230K and Continuing Claims hit fresh monthly highs.The US dollar’s decline boosted the AUD/USD pair that broke above 0.6745. It hit …

  Read More »
• 8 December 2022 3:46 pm

  SOMO data shows that Iraq’s oil production declined in November in line with its share in OPEC+

  

  Data from the Iraqi State Oil Marketing Company (SOMO), seen by Reuters on Thursday, showed that Iraq produced 4.43 million barrels per day of crude oil in November, down 221 thousand from October. These figures show that Iraq’s crude production is in line with its quota under the OPEC + …

  Read More »