Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 6 December 2022 4:09 am

  WTI still defensive on fresh geopolitical escalation

  

  The WTI crude oil is maintaining its defensive stance after posting the biggest daily loss in two weeks. News has said that Ukrainian drones renew fresh geopolitical fears by attacking deep inside Russia. The said drones attacked military bases hundreds of miles inside Russia and escalated war. This serious development …

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• 6 December 2022 12:49 am

  US inflation expectations retreat from one-month high

  

  US inflation expectations as per the 10-year and 5-year breakeven inflation rates according to the St. Louis Federal Reserve (FRED) data, challenge the recently hawkish bias over the US Fed.The inflation precursors might have taken clues from the Fed policymakers’ dovish comments, including those from Chairman Jerome Powell, to challenge …

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• 5 December 2022 11:16 pm

  Oil falls amid data, mixed worries

  

  Oil prices fell nearly 3% on Monday, following US service sector data that has added to worries that the Fed could continue its aggressive policy tightening path. So, the data caused oil and stock markets to pare gains.Brent crude futures were down $2.18, or 2.6%, at $83.39 a barrel by …

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• 5 December 2022 10:20 pm

  GBP/USD steps up, eying break of 1.2150s

  

  The GBP/USD pair slides amid risk aversion at start of week US session. The British Pound is vulnerable to soured UK politics and economy. The US dollar bulls are moving in on the face of stronger US economic data.The British Pound is under pressure in the US trading session as …

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• 5 December 2022 9:24 pm

  EUR/USD falls on robust US ISM Services data

  

  The Euro is falling against the US Dollar after hitting a six-month high nearby 1.0600. Eurozone data was mixed, though slanted towards the negative territory as Retail Sales retreated. Therefore, the Euro is almost unchanged against the dollar following the release of the positive US ISM Services PMI that underpinned …

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• 5 December 2022 8:33 pm

  US Dollar’s downside contained ahead of November CPI, FOMC meeting

  

  The US Dollar fell again last week. However, according to analysts and economists the dollar is expected to consolidate ahead of November Consumer Price Index (CPI) data and December’s FOMC meeting.A shift in momentum signals could keep the US dollar’s negative performance in the short-term. Yet, the US dollar’s downside …

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• 5 December 2022 7:27 pm

  US “Factory Orders” reading for October above expectation

  

  Factory Orders in the United States rose more than expected in October. Combined with the better-than-expected ISM Services PMI report, the data helps the US Dollar continue to outperform its rivals during the second half of the trading day on Monday. At the time of writing, the US Dollar Index …

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• 5 December 2022 4:46 pm

  Inflation in Turkey slowed to 84.39% after 17 months of rising

  

  Official data showed Monday, December 5, that Turkey’s annual inflation slowed to 84.39% in November, just short of expectations, ending a 17-month period of increases since last year when the central bank began cutting interest rates. The Turkish Statistical Institute said that consumer prices rose 2.88% monthly, compared to expectations …

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• 5 December 2022 3:40 pm

  Eurozone Retail Sales decline 2.7% YoY in October

  

  Eurozone’s Retail Sales dropped by 1.8% MoM in October versus -1.7% expected and 0.8% last, the official figures released by Eurostat showed on Monday. On an annualized basis, the bloc’s Retail Sales came in at -2.7% in October versus 0% recorded in September and -2.6% consensus forecast. The euro shrugs …

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• 5 December 2022 3:04 pm

  Gold settles near a 5-month peak with decline of dollar and China easing Corona restrictions

  

  Gold prices stabilized Monday, December 5, after hitting their highest level in 5 months, while the dollar fell after more Chinese cities eased anti-Covid-19 restrictions over the weekend. There was little change in the spot gold price, recording $1,799.26 an ounce, after touching the highest level since July 5 at …

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• 5 December 2022 2:24 pm

  European stocks fell ahead of data

  

  European stocks fell on Monday in cautious trading ahead of the publication of data on business activity amid concerns about the economic slowdown in the European Union. Stocks posted gains for the seventh consecutive week on Friday, supported by China’s easing of COVID-19 restrictions following protests against the country’s strict …

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• 5 December 2022 1:38 pm

  Dollar is falling after easing of Corona restrictions in China boosted risk appetite

  

  The dollar fell broadly on Monday after a difficult week, dropping below seven yuan as sentiment towards riskier assets improved after signs that China would ease some restrictions related to COVID-19. More Chinese cities, including financial hub Shanghai and Urumqi in the far west, announced easing coronavirus restrictions over the …

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• 5 December 2022 12:33 pm

  Japanese Nikkei index closed higher

  

  Japan’s Nikkei index closed slightly higher on Monday, supported by gains in Fast Retailing, owner of Uniqlo stores, and technology heavyweights. The Nikkei index rose 0.15 percent to close at 27,820.40 points, while the broader Topix index fell 0.31 to 1,947.90 points. In the US, the S&P 500 and the …

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