Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 7 December 2022 8:42 pm

  USD/CAD slides following BoC’s rate decision

  

  The USD/CAD falls during the US tgrading session after the Bank of Canada hiked rates by 50 bps, from 3.75% to 4.25%, in line with analysts’ expectations, triggering a fall from around 1.3700 to 1.3505. At the time of writing, the USD/CAD remains volatile, trading around 1.3600-1.3615.The Bank of Canada …

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• 7 December 2022 7:48 pm

  Putin: Threat of nuclear war is on the rise

  

  Russian President Vladimir Putin said on Wednesday that the threat of a nuclear war is on the rise. Putin’s comments do not seem to be having a significant impact on risk appetite. At the time of writing, the performance of S&P 500 Index is unchanged on the day at 3,940.Putin …

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• 7 December 2022 5:25 pm

  Oil is falling near its lowest level in 2022, under pressure from economic concerns

  

  Oil futures witnessed little change in Asian trading on Wednesday, December 7th, as fears about the impact of the cap imposed by the West on the price of Russian oil were offset by hopes for an improvement in demand from China, which kept the markets in anticipation after a sharp …

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• 7 December 2022 3:44 pm

  Eurozone GDP grows at an annual rate of 2.3% in Q3

  

  Eurostat reported Wednesday that seasonally adjusted Gross Domestic Product (GDP) in the Euro area expanded at an annual rate of 2.3% in the third quarter. This reading followed the 4.2% growth recorded in the second quarter and came in higher than the initial estimate and the market expectation of 2.1%. …

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• 7 December 2022 1:47 pm

  European stocks fell for the fourth day amid fears of a recession

  

  European stocks fell on Wednesday, December 7, affected by investor anxiety, amid growing fears of a recession, although the strong push of the healthcare sector limited losses. The pan-European Stoxx 600 index fell 0.2%, extending its losses for the fourth consecutive day, after it began to recover from its fall …

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• 7 December 2022 1:19 pm

  Gold is locked in a narrow range

  

  Gold traded within a narrow range on Wednesday as investors awaited the Federal Reserve’s meeting next week to assess the bank’s monetary policy stance. And gold in instant transactions witnessed a slight change to $ 1772 an ounce by 0650 GMT. US gold futures rose 0.1 percent to $1,783.90. A …

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• 7 December 2022 12:43 pm

  Japan’s Nikkei index is at a 4-week low

  

  Japan’s Nikkei average touched a four-week low on Wednesday, tracking a sell-off in technology stocks on Wall Street overnight, but gains in auto stocks helped limit losses. The Nikkei closed down 0.72% at 27,686.40, after dropping earlier to 27,646.78 for the first time since November 10. Tokyo Electron, which specializes …

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• 7 December 2022 12:13 pm

  Russia may ban oil sales and set a maximum discount in response to the price ceiling

  

  Vedomosti newspaper reported on Wednesday that Russia is considering three options, including banning oil sales to some countries and setting a maximum discount at which it will sell its crude, in order to counter the price cap imposed by Western powers on Russian oil. The $60 per barrel price cap, …

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• 7 December 2022 11:34 am

  China’s exports and imports contracted at a sharper pace in November

  

  The General Administration of Customs said on Wednesday, December 7, that dollar exports fell 8.7% in November compared to the previous year to $296 billion, which is the lowest level since April, when Corona restrictions led to the closure of Shanghai factories and roads and prevented companies from placing goods …

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• 7 December 2022 5:13 am

  Market Drivers – US Session 06/12/2022

  

  Uncertainty is prevalent regarding the Fed’s intentions that will unfold after FOMC meeting, later in December. Fed officials hinted at an easing pace of quantitative tightening starting as soon as this month, despite signs of easing inflation, but doubts are increasing lest the economy should fall in long-lasting recession.ECB’s Constantinos …

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• 7 December 2022 5:01 am

  32 factors, risks investors should consider for 2023 and beyond

  

  MSCI’s all-country world index, a gauge of stock performance in over 40 countries, fell 1.26% to record a third lower successive day after hitting a three-month high last week.An analysis by MSCI ESG Research noted 32 factors and risks that businesses and investors should consider for 2023 and beyond when …

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• 7 December 2022 3:19 am

  Collapse of FTX Tempting Goldman To Hunt Crypto Firms

  

  Mathew McDermott, Goldman Sachs’ head of digital assets, suggested on Tuesday that the bank ponders to invest in, or even buy crypto firms whose prices significantly deteriorated in the wake of the FTX collapse in deals that would cost tens of millions of dollars. Goldman Sachs’s plan comes after the …

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• 7 December 2022 2:35 am

  EIA Expects US Power demand To Hit Record In 2022

  

  US power consumption is expected to hit a new record high this year as a logical result of the expanding economic activity and a particularly hot summer according to estimates by the US Energy Information Administration.On Tuesday, the EIA forecast that 2022 power demand in the United States will touch …

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