Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 30 November 2022 1:54 am

  Why do NZD, CHF await Powell, ADP Employment Data?

  

  The NZD/USD pair hovers around 0.6200 as investors await US ADP Employment. The pair also encounters an obstacle around the present rate 0.6200 as anxiety rises ahead of Fed Powell’s remarks on Wednesday. Fed’s interest rate hikes account for weaker projections for US employment data.On a different front, the reopening …

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• 30 November 2022 12:42 am

  Bitcoin Pressured On Bad News Across Crypto Industry

  

  Bitcoin and other cryptocurrencies are edging higher on Tuesday but the digital asset space continues to face pressure on multiple fronts, including contagion from the bankruptcy of exchange FTX and the increasing difficulty of crypto mining.The price of Bitcoin surged by 1% over the past 24 hours to just shy …

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• 29 November 2022 11:59 pm

  US Stocks retreat as China Covid concerns ease

  

  US stocks slid on Tuesday as Wall Street continued a slow start to the week, with investors continuing to monitor the latest developments related to the sudden surge of protests in China over the government’s “zero COVID” stance.The S&P 500 was down 0.4% in midday trading, while the Dow Jones …

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• 29 November 2022 10:58 pm

  EUR/USD’s struggles ahead of Powell’s speech

  

  The EUR/USD pair has flattened again as the US session heads into the late afternoon. The pair fell from the 1.0394 high to the 1.0325 low on the day so far and steadies near 1.0340 at the time of writing. Growth stocks on Wall Street experience extended declines, overshadowing a …

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• 29 November 2022 9:39 pm

  Oil’s gains on China COVID hopes impacted by OPEC+ output concerns

  

  Oil prices surged on Tuesday on expectations that China’s strict COVID-19 controls could be eased, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited the trading day’s gains.Brent crude futures settled at $84.84 per barrel versus the previous closing price $83.21. WTI crude oil futures …

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• 29 November 2022 8:43 pm

  Deutsche Bank Expects Germany’s core inflation dynamics to remain strong for now

  

  Preliminary data released on Tuesday indicated that a larger-than-expected decline in annual inflation in Germany to 10%. According to Sebastian Becker, Senior Economist at Deutsche Bank, the downward surprise is largely explained by the unexpected energy price drop. He warns that core inflation dynamics might remain strong for now.Key Quotes: …

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• 29 November 2022 7:47 pm

  Bailey: no monetary reason forces BoE to enact reserves shake-up

  

  The BoE’s governor, Andrew Bailey said on Tuesday there was no monetary policy reason to reduce or restructure the way the UK central bank pays interest on its reserves held by commercial banks.“In my view, there is not a monetary reason, a monetary policy reason that is, for varying that. …

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• 29 November 2022 7:25 pm

  US Consumer Confidence declines in November

  

  The Conference Board published fresh Consumer Confidence Index data on Tuesday showing a decline to 100.2 in November from (revised from 102.5) 102.2 in October.Similarly, the Present Situation Index edged lower to 137.4 versus the previous reading at 138.9. in addition, the Expectations Index fell to 75.4 from 78.1 in …

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• 29 November 2022 7:06 pm

  Wall Street spends $1.8 billion to spy on Traders after record fines

  

  Wall Street spends more than ever on technology designed to keep an eye on traders after regulators extracted record fines from several banks worldwide for confronting lapses in monitoring communications. The industry will spend about $1.8 billion on surveillance technology in 2022, up by 20% from 2021, according to Coalition …

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• 29 November 2022 6:00 pm

  Annual CPI declines to 10% in November

  

  As measured by the Consumer Price Index (CPI), Inflation in Germany declined to 10% yearly in November from 10.4% in October. This reading came in lower than the market expectation of 10%. Monthly, the CPI declined 0.5%. Meanwhile, the Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) …

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• 29 November 2022 4:47 pm

  Chinese President: China is willing to forge a closer partnership with Russia on energy issues to ensure global energy security

  

  Chinese President Xi Jinping said Tuesday, November 29, that China is ready to forge a closer partnership with Russia on energy issues to ensure global energy security, while the Group of Seven major countries are preparing to impose new measures on Russian oil exports. “China is ready to work with …

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• 29 November 2022 2:12 pm

  Dollar falling against a basket of currencies, yuan rising, amid hopes of easing Corona restrictions in China

  

  The dollar fell against a number of other currencies on Tuesday, and lost some of the gains it recorded at the end of the previous session, amid growing concerns due to the restrictions to combat the Corona virus in China. The dollar index, which measures the greenback against a basket …

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• 29 November 2022 1:04 pm

  Gold rises with the decline USD

  

  Gold prices rose on Tuesday, supported by a weak dollar, as investors await more clarity on the Federal Reserve’s position regarding raising interest rates. Spot gold rose 0.7 percent to $1,753.34 an ounce at 0651 GMT. US gold futures rose 0.7 percent to $1,752.60. Bullion prices fell about 1 percent …

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