Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 1 December 2022 3:00 am

  Market Drivers – US Session 30/11/2022

  

  Overall, market sentiment fluctuated between optimism and concerns, as the US Dollar started the trading day with negative performance. The American currency managed to recover by mid-way, and finally fell closing in the red territory against its major rival currencies.US Dollar’s slump resulted from US Federal Reserve Chair Jerome Powell’s …

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• 1 December 2022 1:50 am

  EUR/GBP rebounds ahead of Germany’s Retail Sales

  

  The EUR/GBP pair is exhibiting mixed performance within a 40-pip range broadly ahead of German Retail Sales. A surprise decline in Eurozone inflation weakened hawkish ECB bets. The sentiment of UK households fell as food inflation soared to a 45-month high.On Wednesday, the headline Eurozone HICP was lower at 10.0% …

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• 1 December 2022 12:18 am

  Gold eying $1,787 ahead of Fed’s favored inflation reading

  

  Gold price begins December on a firmer standing around $1,768, after posting the biggest monthly gains in 29 months during November. The precious metal’s latest run-up could be linked to the dovish messages by Fed Chair Jerome Powell, as well as optimism surrounding China. Gold buyers are expected to take …

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November, 2022

• 30 November 2022 11:15 pm

  Wall Street advances on Powell’s dovish signals

  

  Wall Street is rejoicing on the latest comments by Jerome Powell. The S&P 500 has gained the first day in four following significantly dovish comments by Fed’s Jerome Powell confirming that the US Fed will slow the pace of its hawkish rate-hiking that impacted financial and exchange markets.The broad index …

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• 30 November 2022 10:49 pm

  Powell’s Speech Drags US Dollar Lower

  

  In his first public appearance and remarks on the US economy since the post-FOMC policy decision press conference on November 2, where he warned of a higher terminal rate, Fed chair Jerome Powell said on Wednesday that it would “make sense to moderate pace of interest rate hikes”.Since the November …

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• 30 November 2022 10:19 pm

  European markets close higher on Eurozone inflation data

  

  European markets closed higher on Wednesday as November has proved to be a month with robust performance while regional investors reacted to the latest inflation data from the Eurozone for the month.Stoxx 600 closed up 0.6%, adding monthly gains of around 6.1%. Household goods added 2.3% to represent the leading …

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• 30 November 2022 10:09 pm

  Fed’s Cook: Time nearing to hike rates in smaller steps

  

  Fed’s Lisa Cook, who before said the US central bank is focused on addressing inflation that is “much too high”, reiterated on Wednesday that inflation is still too high.Cook noted that it could soon be “time for the US central bank to take its foot off the gas when it …

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• 30 November 2022 9:23 pm

  US Dollar slides on disappointing jobs data ahead of Powell’s speech

  

  The US dollar is sliding lower following jobs data in November that missed expectations before a highly awaited speech by Fed Chair Jerome Powell. The dollar index added to earlier losses after the ADP National Employment reading indicating that US private payrolls increased far less than expected in November, suggesting …

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• 30 November 2022 8:27 pm

  Dow falls 200 points as investors await Powell speech

  

  The Dow Jones Industrial Average fell on Wednesday as Wall Street is walking through ponds of economic data and investors await this afternoon speech on the US economy by Fed Chair Jerome Powell. Powell will give his speech before Brookings Institute.The Bureau of Economic Analysis reported that GDP increased at …

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• 30 November 2022 7:32 pm

  US JOLTS reading declines to 10.3 million in October

  

  US JOLTS Job Openings discreetly retreated in October. The number of job openings fell to 10.3 million on the last business day of October versus the previous reading of 10.7 million in September according to the US Bureau of Labour Statistics in its Job Openings and Labour Turnover Summary (JOLTS) …

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• 30 November 2022 5:27 pm

  US: Private sector employment rises by 127,000 in November

  

  The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 127,000 in November. This reading came in weaker than the market expectation for an increase of 200,000. The publication further revealed that annual pay was up 7.6% yearly in November. …

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• 30 November 2022 4:18 pm

  Gold is heading for its best monthly performance in more than two years

  

  Gold prices rose on Wednesday, on their way to recording the largest monthly increase in more than two years, while investors await the speech of Federal Reserve Chairman Jerome Powell, seeking any indications on the path of the US central bank’s monetary policy. Spot gold rose 0.6 percent to $1,760.56 …

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• 30 November 2022 2:36 pm

  Eurozone Preliminary Inflation softens to 10.0% YoY in November

  

  The annualized Eurozone Harmonised Index of Consumer Prices (HICP) eased sharply to 10.0% in November vs. October’s 10.6%, the latest data published by Eurostat showed on Monday. The market forecast was for a 10.4% print. The core figures steadied at 5.0% YoY in November when compared to 5.0% expectations and …

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