Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 23 December 2022 7:08 pm

  US New Home Sales rise by 5.8% in November vs. -4.7% expected

  

  The US dollar Index is still trading within its daily range above 104.00. Sales of new single‐family houses rose by 5.8% in November to a seasonally adjusted annual rate of 640,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on …

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• 23 December 2022 4:00 pm

  Turkish lira hit a record low of 18.7 against USD

  

  The Turkish lira fell to a new record low of 18.7 against the dollar on Friday, extending its losses this year, which exceeded 29 percent, despite Ankara’s efforts to implement new policies to tighten control over the local currency exchange rate. The lira fell 44 percent in 2021, mainly due …

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• 23 December 2022 2:57 pm

  Oil is rising thanks to the expected decline in Russian exports

  

  Oil prices rose on Friday amid expectations of lower Russian crude exports from the Baltic region this month, alleviating fears that a severe winter storm in the United States could wipe out holiday fuel demand growth. And by 0148 GMT, Brent crude rose 88 cents, or 1.1 percent, to $ …

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• 23 December 2022 2:07 pm

  Stability of European stocks at the opening, and the gains in the health sector offset the decline in technology stocks

  

  European stocks were stable on Friday, as gains in health care stocks offset the decline in some luxury goods and technology stocks. The STOXX 600 was down 0.03% by 0810 GMT, but was set to gain 0.6% in the last week before Christmas, after two straight weeks of losses. The …

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• 23 December 2022 1:12 pm

  Gold is confining to a narrow range as focus shifts to inflation data

  

  Gold prices moved in a narrow range on Friday in thin trade as cautious traders await economic data due later in the day to assess the Federal Reserve’s stance on an interest rate hike. By 0238 GMT, gold was stable at $1,792.80 an ounce. US gold futures rose 0.4 percent …

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• 23 December 2022 12:48 pm

  Japan’s Nikkei index closed lower, posting its biggest weekly decline since June

  

  Japan’s Nikkei closed lower on Friday, posting its biggest weekly drop since mid-June, and chip-related stocks led Friday’s declines, trailing their Wall Street counterparts on Thursday. Shipping stocks and other economically sensitive stocks also plunged amid fears that the Federal Reserve and other major central banks will continue to tighten …

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• 23 December 2022 3:09 am

  Market Drivers – US Session 22/12/2022

  

  The US dollar maintained shiny performance on Thursday on the expense of gold which blunged to $1,789 per ounce. Yet, the dollar is still trading within familiar levels against most of its major rival currencies.Economic DataThe US Department of Labour’s data indicated that 216,000 initial jobless claims were filed in …

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• 23 December 2022 2:39 am

  Oil retreats on fears linked to rate hiking, tighter US stockpiles

  

  Airlines cancelled nearly 2,000 US flights scheduled for Thursday and Friday in the United States, disrupting holiday travel for thousands and sending a bearish signal for travel fuel demand.Also keeping a lid on prices was a rising U.S. dollar and fall in equities, said Jim Ritterbusch of Ritterbusch and Associates, …

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• 23 December 2022 12:54 am

  US Senate passes $1.7 trillion government funding bill

  

  The US Senate voted, on Thursday, to approve a $1.7 trillion government funding bill and the related legislation is getting passed onto the House, ahead of the Friday night deadline in order to prevent partial federal government shutdown. The bill is meant to fund critical government operations and to provide …

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• 23 December 2022 12:19 am

  AXS price surges following Google Play Store review

  

  Axie Infinity (AXS) price is back in the green territory following a horrible week of hunting and calling for support. The bullish outlook in AXS follows the announcement by Axie team, one of the biggest play-to-earn (P2E) games, that the team’s their application has passed the difficult Google Play Store …

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• 22 December 2022 11:12 pm

  GBP/USD pressured by stronger US dollar

  

  The GBP/USD pair is under pressure due to the resurging US dollar that is being boosted from stronger-than-forecast US economic data, underpinning the hawkish Fed’s outlook and higher rate expectations for 2023.The Dollar Index (DXY), an index that measures the American currency against a basket of rival currencies has rallied …

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• 22 December 2022 10:08 pm

  Canada’s dollar gets weaker on fading stock market rally

  

  The Canadian dollar weakened 0.3% against the American counterpart on Thursday, meanwhile November’s flash estimate has indicated relatively higher wholesale trade by 1.9% and the price of WTI crude oil increases 1.1%. The USD/CAD is slightly changed on Thursday, trading at 1.3678 in the US session versus the previous closing …

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• 22 December 2022 8:39 pm

  Wall Street slides on positive US economic data

  

  Wall Street’s major indexes dropped on Thursday after fresh US economic data underlined the US economy’s strength and erased concerns over the Federal Reserve’s continued monetary policy tightening.Losses in rate-sensitive megacap growth stocks such as Apple Inc., Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower.The final …

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