Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 10 November 2022 9:57 pm

  After cheering CPI, Fed’s Mester reiterates: big risks remain on inflation

  

  Federal Reserve Bank of Cleveland President Loretta Mester said Thursday that while there are some new hopeful signs of moderating inflation, the main risk still facing the US central bank is that it doesn’t act aggressively enough to tame very high price pressures.Given the current level of inflation, its broad-based …

  Read More »
• 10 November 2022 8:55 pm

  As US Dollar Plummets Post-CPI, Will Fed Ease Rate Hiking?

  

  The dollar falls sharply on Thursday after US consumer prices for October rose less than expected and pointed to underlying inflation having peaked, this reading has been the sort of data that markets cheered for as it could allow the Fed to ease up on aggressively hiking interest rates.The consumer …

  Read More »
• 10 November 2022 8:11 pm

  Bitcoin soars by 10% Post-US CPI Data

  

  Bitcoins enjoys a splendid break from the frightening price action this week, the world’s most famous cryptocurrency gained around $1,600, nearly 10%, following the sizable slowdown in US inflation. On Thursday, the Consumer Price Index for October rose 0.4%, far slower than expectations for 0.6%, the Labour Department reported on …

  Read More »
• 10 November 2022 7:15 pm

  AUD/USD jumps to six-week highs Post-CPI Data

  

  The AUD/USD pair has jumped following the key inflation data in the United States. The CPI figures came below expectations. Speculation above smaller rate hikes from the Fed impacted the US dollar, so, the pair hit at 0.6564, the highest level since late September.Pre-CPI Versus Post-CPIThe US Consumer Price Index …

  Read More »
• 10 November 2022 7:10 pm

  Wall Street opens sharply higher after US inflation data

  

  Wall Street’s major indices opened sharply higher on Thursday. At the same time, data showed consumer prices rose less than expected in October, raising hopes that the US Federal Reserve may ease the pace of future interest rate hikes. The Dow Jones Industrial Average rose 749.97 points, or 2.31 percent, …

  Read More »
• 10 November 2022 6:15 pm

  US annual CPI inflation declines to 7.7% in October

  

  The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 7.7% on a yearly basis in October from 8% in September. This reading came in below the market forecast of 8%. The Core CPI, which excludes …

  Read More »
• 10 November 2022 5:22 pm

  Dollar jumps ahead of US inflation data and digital currencies falter

  

  The dollar rose ahead of US inflation data later on Thursday, while cryptocurrencies remained under pressure after crypto exchange Binance withdrew its plans to rescue struggling rival FTX. The dollar is heading towards recording strong gains for the second day in a row, while investors evaluate the results of the …

  Read More »
• 10 November 2022 4:08 pm

  Amazon incurs huge losses

  

  A combination of high inflation, monetary tightening, and disappointing earnings led to a historic sell-off in Amazon shares since early 2022, which saw it lose nearly $1 trillion. Amazon shares fell; The e-commerce giant increased 4.3% on Wednesday, pushing its market value to about $879 billion from a record close …

  Read More »
• 10 November 2022 3:20 pm

  CPI Preview: All Eyes on US data

  

  We’re seeing some risk aversion in financial markets on Thursday as we await inflation data from the US later in the week. Considering how well they’ve performed in recent days and weeks, it probably won’t come as a surprise to many that we’re seeing stock markets in the red. It …

  Read More »
• 10 November 2022 2:20 pm

  Britain freezes $18 billion in Russian assets

  

  The British government said it has frozen £18 billion of assets belonging to the Russian oligarchs and individuals and entities sanctioned against Moscow over the war in Ukraine. The frozen Russian assets were 6 billion more than the value declared by all other British sanctions regimes. “We have imposed the …

  Read More »
• 10 November 2022 1:40 pm

  European stocks open lower on ahead of US inflation data

  

  European shares opened trading Thursday, November 10, with declines, led by the real estate sector, amid anticipation of inflation data in the United States to determine whether the US Federal Reserve will ease the monetary tightening policy. The Stoxx 600 index was down 0.3% by 08:14 GMT, ending three days …

  Read More »
• 10 November 2022 1:37 pm

  Oil falls for the fourth day, affected by demand concerns in China

  

  Oil prices extended losses on Thursday for the fourth consecutive session as the renewal of anti-Covid-19 restrictions in China raised concerns about fuel demand in the world’s largest importer of crude. China is fighting an increase in the number of infections in several economically important cities, including the capital, Beijing. …

  Read More »
• 10 November 2022 12:30 pm

  Japanese stocks close lower after disappointing business outlook

  

  Japanese stocks fell on Thursday, tracking losses incurred by Wall Street overnight, as heavyweights such as Honda Motor and Sumitomo Rubber Industries fell after disappointing expectations. The Nikkei index fell 0.98 percent to close at 27,446.10 points. The broader Topix index also fell 0.66 percent to 1936.66 points. Honda Motor …

  Read More »