Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 8 November 2022 7:34 pm

  Gold jumps to 5-week high, approaching $1700

  

  Gold price creeps higher amid the lack of US economic data as investors observe the results of the US mid-term elections and October’s CPI. Treasury yields are lower on the day, while expectations for a 50 bps rate hike by the Fed stood above 50%. Gold price is subdued as …

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• 8 November 2022 5:31 pm

  Turkey begins paying in rubles for some Russian gas purchases

  

  According to Reuters, Turkish Energy Minister Fatih Donmez said on Tuesday that Turkey has started paying in Russian rubles for some of its natural gas purchases from Russiam. In an interview with the TRT news channel of the Turkish Radio and Television Corporation, Donmez said the share of payments in …

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• 8 November 2022 4:10 pm

  Gold falls on dollar strength ahead of US midterm elections

  

  Gold prices fell on Tuesday, November 8, due to a slight rise in the dollar, in addition to shifting investors’ attention to inflation data in America, which is expected to be released next Thursday. Markets are awaiting inflation data because of its impact on the Federal Reserve’s decision to raise …

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• 8 November 2022 3:04 pm

  Eurozone Retail Sales drop 0.6% YoY in September

  

  Eurozone’s Retail Sales rose by 0.4% MoM in September versus 0.4% expected and 0% last, the official figures released by Eurostat showed on Tuesday. On an annualized basis, the bloc’s Retail Sales came in at -0.6% in September versus -1.4% recorded in August and -1.3% consensus forecast. EURUSD comes under …

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• 8 November 2022 1:13 pm

  European stocks open lower, and mining companies are the main losers

  

  European shares opened lower on Tuesday, with miners leading the decline amid fears of slowing demand in China and investors being cautious ahead of the US midterm elections that will determine who will have control of Congress. The Stoxx 600 index was down 0.4 percent by 0808 GMT. The European …

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• 8 November 2022 12:35 pm

  Oil prices fall amid concerns about Chinese demand and recession

  

  Oil prices fell on Tuesday, as fears of a recession and the worsening outbreak of the Coronavirus in China raised expectations of lower demand for fuel, outweighing concerns about supplies. Brent crude fell 23 cents, or 0.2 percent, to $ 97.69 a barrel by 0726 GMT, while US West Texas …

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• 8 November 2022 2:36 am

  Market Drivers – US Session 07/11/2022

  

  The US dollar began the trading week, on Monday, with an attempt to recover the gains lost before Friday’s closing bell. Instead, the dollar ended with losing further ground against its major rival currencies.The dollar accelerated its decline late in the US session as Wall Street picked up momentum ahead …

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• 8 November 2022 1:28 am

  Silk Road Hacker’s $3.36 Billion in Bitcoin Seized

  

  Almost one year after a billion-dollar seizure of dark web’s crypto, the same agency discovered another massive treasure hidden under a different hacker’s floorings. Dark web drugs market that is broadly known as the Silk Road was designed to be a mysterious underworld economy that avoided all governmental control. On …

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• 8 November 2022 12:44 am

  ECB’s Lagarde: Inflation too high, rates to rise further

  

  European Central Bank President Christine Lagarde repeated that the cycle of interest-rate hikes has to ensure that inflation returns to the 2% target over the medium term.Meanwhile, the EUR/USD pair is on the up and traders have been of the mind that the US economy is slowing enough to allow …

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• 7 November 2022 11:57 pm

  Gold benefits from US dollar’s slide ahead of CPI data

  

  Gold prices steadied on Monday near a three-week peak hit in the previous session, buoyed by a weaker dollar, while investors looked forward to U.S. inflation data later this week that could influence the size of Federal Reserve rate-hike.At the time of writing, the precious metal is trading at $1676.25. …

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• 7 November 2022 10:38 pm

  ECB’s Kazaks: There is no pivot

  

  The European Central Bank’s Martins Kazaks said ”there is no pivot, we still say that inflation is a problem, and we will keep raising rates.”Kazaks has recently said that the ECB must raise interest rates much further, but that it is impossible to say how far because economic uncertainty is …

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• 7 November 2022 9:28 pm

  WTI rallies as US dollar impacted by risk-on

  

  American crude oil rallies and trades at $92.24, benefiting from the US dollar which is losing ground. WTI prices resumed the upward trend that started on Friday as the US crude oil bounced up from levels right above $90 on the early trade, to reach levels past $93 for the …

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• 7 November 2022 8:34 pm

  Republicans’ victory historically meant good news for US stocks

  

  This week will witness markets focusing on Tuesday’s US mid-term elections on. Economists at Société Générale expect equities to go up if the Republicans win control of both the Senate and the House.Victory for the Republicans GOP could have negative ramifications for the Euro. The US midterms could have an …

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