Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 16 November 2022 2:44 am

  Anti-OPEC Trend Could Shock Oil Markets

  

  As early as the beginning of 2022, the-then Italian PM Mario Draghi suggested a dangerous idea that large oil buyers could form a new club or sort of forum together and challenge OPEC+. The idea did not take further steps into reality because one obvious problem could not be ignored, …

  Read More »
• 16 November 2022 1:53 am

  US Stocks Close Higher on PPI Data,

  

  Wall Street closed higher on Tuesday as investors maintained positive sentiment about additional signals that US inflation is easing and amid good earnings reports, but retreated from the day’s high after reports of a missile strike in Poland.NATO and the Pentagon said they were looking into unconfirmed reports that two …

  Read More »
• 16 November 2022 1:16 am

  Bezos’ top tips to face recession go viral

  

  Amazon founder Jeff Bezos has advised consumers and businesses of postponing large purchases in the coming months as the global economy contends with a downturn and faces a most possible recession.Bezos offered his simplest advice on a uncertain economy in an exclusive sit-down interview with CNN. Bezos also urged people …

  Read More »
• 16 November 2022 12:29 am

  Zelenskyy slams missile strikes on NATO territory

  

  Ukrainian President Volodymyr Zelenskyy said the Russian missile strikes on NATO territory are ‘a significant escalation, action is needed’.A Russian missile barrage on the Ukrainian power grid sent the war spilling over into neighboring countries Tuesday, hitting NATO member Poland and cutting electricity to much of Moldova.The strikes plunged much …

  Read More »
• 15 November 2022 11:24 pm

  Poland’s strike reports put influence Wall Street, S&P 500 pops

  

  A Polish reporter was quoted on the blasts tonight as saying, ”My sources in the services say that what hit Przewowo is most likely the remains of a Russian rocket shot down by the Armed Forces of Ukraine.”US stocks are rallying on the relief of the prospects that this is …

  Read More »
• 15 November 2022 10:30 pm

  ECB’s Holzmann: Interest rates will be increased further

  

  The European Central Bank’s Robert Holzmann has crossed the wires saying interest rates will be increased further.The EUR/USD pair is climbing in the US trading session, though it remains beneath the highs of the day at 1.0481, reached on the release of a softer-than-expected US Producer Price Index (PPI). PPI …

  Read More »
• 15 November 2022 9:12 pm

  Gold benefits from another cooler US inflation data

  

  Gold and silver prices are higher in early US trading session on Tuesday, following another US inflation report that came cooler than expected. Gold prices hit a three-month highs and silver prices a five-month high today. December gold was last up $12.90 at $1,769 and December silver was up $0.102 …

  Read More »
• 15 November 2022 8:11 pm

  Fed’s Bostic: Full impact of policy on inflation won’t be seen for months

  

  On Tuesday, Atlanta Federal Reserve President Raphael Bostic said that he wasn’t expecting to see the full impact of monetary policy on inflation for months. US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on the day at 106.30.On Tuesday also, A key …

  Read More »
• 15 November 2022 7:17 pm

  Fed’s Harker: Not worried about inflation expectations

  

  On Tuesday, Federal Reserve Bank of Philadelphia President Patrick Harker said “My best guess is we will remove about $2.5 trillion from the balance sheet overall but data will guide us,”.“We want to reduce the balance sheet methodically until we start to see where we need to stop,” Parker added …

  Read More »
• 15 November 2022 5:15 pm

  Oil prices drop by more than a dollar due to Covid fears in China

  

  Oil prices fell more than $1 a barrel on Tuesday, after a spike in COVID-19 cases in China revived fears of a drop in fuel consumption in the world’s top crude oil importer. Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT, after falling …

  Read More »
• 15 November 2022 4:09 pm

  Euro and the pound rose after the release of a series of economic data

  

  The euro, sterling and Swedish krona all rose against the US dollar on Tuesday, as traders focused on evaluating a slew of economic data including jobs data in the UK and the eurozone as well as confidence in the German economy. The pound rose 0.6 percent to $ 1.1830, near …

  Read More »
• 15 November 2022 3:19 pm

  Euro area economy grows at an annual rate of 2.1% in Q3

  

  The euro area economy expanded at an annual rate of 2.1% in the third quarter, Eurostat reported on Tuesday. This reading came in line with the flash estimate and the market expectation. Other data revealed that the euro area trade deficit narrowed to €34.4 billion in September from €52.4 billion. …

  Read More »
• 15 November 2022 2:37 pm

  European shares open higher, supported by major sectors

  

  European shares started trading higher on Tuesday, boosted by major utilities and real estate stocks, after comments from more Federal Reserve officials dampened hopes of a shift in the bank’s policy. The Stoxx 600 index was up 0.1 percent by 0813 GMT. The utility index rose 0.9, topping the sub-indices …

  Read More »