Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 22 December 2022 10:08 pm

  Canada’s dollar gets weaker on fading stock market rally

  

  The Canadian dollar weakened 0.3% against the American counterpart on Thursday, meanwhile November’s flash estimate has indicated relatively higher wholesale trade by 1.9% and the price of WTI crude oil increases 1.1%. The USD/CAD is slightly changed on Thursday, trading at 1.3678 in the US session versus the previous closing …

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• 22 December 2022 8:39 pm

  Wall Street slides on positive US economic data

  

  Wall Street’s major indexes dropped on Thursday after fresh US economic data underlined the US economy’s strength and erased concerns over the Federal Reserve’s continued monetary policy tightening.Losses in rate-sensitive megacap growth stocks such as Apple Inc., Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower.The final …

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• 22 December 2022 7:34 pm

  Gold retreats following US data

  

  Gold is getting under pressure as US yields jump after Thursday’s US data. The US GDP for the third quarter was revised from 2.9% to 3.2%, meanwhile Wall Street extends losses and the US Dollar surges on the back of the data.Gold prices sharply retreated from nearly $1,820, reaching levels …

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• 22 December 2022 5:54 pm

  Gold is moving in a narrow range ahead of US economic data

  

  Gold prices moved in a narrow range on Thursday as cautious investors awaited US economic data due later in the day, which could affect the pace of the Federal Reserve raising interest rates. And gold recorded in instant transactions $ 1814.03 an ounce by 1118 GMT. And US gold futures …

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• 22 December 2022 4:25 pm

  Yen supported by the policy adjustment of the BoJ and dollar is declining

  

  The yen rose on Thursday, back towards a four-month peak against the dollar hit this week after a surprise shift by the Bank of Japan on bond yield controls spurred bullish bets for the Japanese currency. The yen rose by 0.4 percent to 131.99 per dollar. It hit a four-month …

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• 22 December 2022 2:46 pm

  European stocks rise with support of energy and financial sectors

  

  European stocks rose on Thursday for the second consecutive session, supported by stocks in the financial and energy sectors, as investors were optimistic about improving consumer sentiment in the United States after the decline in inflation expectations. The pan-European STOXX 600 rose 0.3% by 0809 GMT in quiet holiday trade, …

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• 22 December 2022 12:27 pm

  Britain’s economic growth slowed to 1.9% in the third quarter of 2022 on an annual basis

  

  The pace of British GDP growth slowed in the third quarter of 2022, as the economy grew by 1.9%, compared to expectations of a growth of 2.4%, after the economy had previously recorded a growth of 4.4%. On a quarterly basis, the UK economy contracted by 0.3%, compared to expectations …

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• 22 December 2022 11:31 am

  Gold is moving in a narrow range as traders await economic data

  

  Gold rose on Thursday, supported by a weak dollar amid weak trading due to the holiday season, but prices moved in a narrow range as market participants await economic data in search of more guidance. Gold in instant transactions rose 0.2 percent to $ 1818.40 an ounce by 0225 GMT. …

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• 22 December 2022 10:41 am

  Oil rises thanks to the decline in US inventories amid a winter storm

  

  Oil prices rose on Thursday for the fourth consecutive day as inventories of crude, heating oil and jet fuel grew tighter in the United States as a winter storm swept the country and travel was set to pick up for the holiday season. And by 0422 GMT, Brent crude futures …

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• 22 December 2022 4:25 am

  Market Drivers – US Session 21/12/2022

  

  Gold price could be best teller of market drivers’ story on Wednesday. Gold price remains on its direct way to snap two-week uptrend. The US data reinforce the dollar’s recovery but firmer sentiment is sufficient to keep gold buyers hopeful.Economic DataOn Wednesday, US Conference Board’s Consumer Confidence jumped to the …

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• 22 December 2022 3:46 am

  Germany’s finance ministry expects stumbling economic activity over winter

  

  Germany’s finance ministry expects activity in Europe’s biggest economy to remain subdued during the fourth quarter of this year and first quarter of next and sees declining inflation rates during 2023, it said in its monthly report per Reuters.The EUR/USD pair is still unchanged around 1.0600, paying little attention to …

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• 22 December 2022 3:29 am

  How long can gold benefit from firmer market sentiment?

  

  Gold price remains on its direct way to snap two-week uptrend. The US data reinforce the dollar’s recovery but firmer sentiment is sufficient to keep gold buyers hopeful.US Gross Domestic Product is expected to confirm initial forecasts for Q3, suggesting further uptrend for the Gold Index, meanwhile, the several news …

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• 21 December 2022 10:52 pm

  bitcoin Can Bitcoin hold above $17,000 before new year?

  

  Bitcoin is trading at $16764 at the time of writing. The most famous cryptocurrency is struggling below $17,000 as the new year draws nearer. BTC fades a bit with some profit-taking. Simultaneously, US stocks are in the green territory and provide more tailwinds and help Bitcoin traders build up considerable …

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