Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 22 November 2022 2:16 pm

  ECB’s Holzmann says leaning towards a 0.75% rate hike as things stand

  

  European Central Bank policymaker Robert Holzmann said on Tuesday he has not decided how he will vote at the next rate-setting meeting in December but unless there is a significant improvement he will favour an increase of 0.75 points. Holzmann told a news conference he could not decide between 0.5 …

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• 22 November 2022 1:18 pm

  Stability of oil prices amid concerns about demand in China

  

  Oil prices were little changed on Tuesday after fears of a global recession and concern that rising coronavirus infections in China would dampen demand from the world’s largest crude oil importer were offset by a falling US dollar. Brent crude futures rose 30 cents, or 0.3 percent, to $87.75 by …

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• 22 November 2022 12:40 pm

  Japanese stocks rise, and caution ahead of Fed decision limits gains

  

  Japanese stocks closed higher on Tuesday as the yen’s decline against the dollar boosted expectations of better performance by local manufacturing companies. Still, caution ahead of the Federal Reserve’s monetary policy statement limited gains. The Nikkei index rose 0.61 percent to close at 28,115.74 points, while the broader Topix index …

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• 22 November 2022 3:38 am

  Market Drivers – US Session 21/11/2022

  

  The US dollar capitalized on Monday’s prevalent risk aversion and negative market sentiment to edge higher. Risk aversion dominated markets after China’s National Health Commission reported death cases of Covid-19 patients in Beijing. China also reported over 26,000 new infections on Sunday. Commodity-linked currencies ended the day with losses against …

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• 22 November 2022 3:17 am

  Fed officials continue signaling hawkish messages

  

  San Francisco Federal Reserve President Mary Daly said on Monday that she is not prepared to say what hike the Fed should do at December’s Federal Open Market Committee. Daly insists that all options are available, so she is not taking anything off the table for December.Daly believes that at …

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• 22 November 2022 1:21 am

  Bitcoin continues to slide on fears of FTX crisis

  

  The world’s most famous cryptocurrency held steady at $15,824 on Monday at the time Wall Street opened following a weekly close at levels not seen since late 2020. At time of writing, bitcoin is trading around $15,780.Coinbase lost over 25% of its value in only four trading sessions as investors …

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• 22 November 2022 12:31 am

  Oil rebounds after Saudi denies OPEC+ output report

  

  On Monday, oil prices recovered from earlier losses after Saudi Arabia had denied news alleging that it was discussing an increase in oil output with OPEC and allies. Brent crude futures for January settled at $87.45, shedding 17 cents. WTI crude futures for December settled at $79.73 per barrel, falling …

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• 21 November 2022 10:17 pm

  US Stocks dragged lower on US dollar gains

  

  US stocks retreated amid growing worries that China could tighten Covid curbs after reported deaths over the weekend. Concerns about the growth outlook in the US as the Fed policymakers vow to fight inflation also continue to direct decisions by most investors. The technology sector dragged S&P 500 lower. The …

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• 21 November 2022 9:22 pm

  AUD/USD falls on firmer US Dollar

  

  The Australian dollar fell for the fourth straight day due to risk aversion after reports said the latest China Covid-19 outbreak caused three deaths during the weekend. China’s authorities eased some restrictions. The news boosted the US dollar amid growing concerns about reimposing lockdowns.Wall Street is witnessing investors who are …

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• 21 November 2022 8:14 pm

  Risk aversion drags GBP/USD lower

  

  The GBP/USD has dropped below 1.1900 on the market’s prevalent risk aversion, with the first US trading session of this week.Risk aversion prevails amid a light calendar, but latest remarks by Fed policymakers have given direction to the GBP/USD pair’s performance.The Pound Sterling fell sharply below the 1.1900 figure in …

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• 21 November 2022 7:11 pm

  EUR/USD pressured near 1.0250

  

  The EUR/USD pair has maintained the corrective downside well for another trading session and threatens to challenge the key support around the 1.0200 sooner rather than later.With the opening bell of an uneventful session, the US dollar extends the recent comeback by the recent hawkish messages by Fed policymakers. Statements …

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• 21 November 2022 4:59 pm

  Treasury yields tick higher as markets assess inflation outlook

  

  U.S. Treasury yields climbed Monday as investors awaited further clues about the Federal Reserve’s monetary policy plans from central bank speakers and fretted over the inflation outlook. The yield on the benchmark 10-year Treasurywas trading around 3.827% at around 8:00 a.m. ET, after rising about 1 basis point. The 2-year …

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• 21 November 2022 4:44 pm

  Swiss Franc declined from its highest level in three months

  

  The Swiss franc fell towards 0.95 against the US dollar, down from a three-month high of 0.94 touched on November 11th. Swiss currency is under pressure posed by the strength of the US currency, in conjunction with recession fears and hard signals from the Federal Reserve. However, hawkish policy signals …

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