Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 24 November 2022 4:54 pm

  The Turkish Central Bank cuts interest rates to 9% and decides to end the easing cycle

  

  Turkey’s central bank on Thursday cut its key interest rate by 150 basis points to 9 percent as expected. It announced it had decided to end the easing cycle, which began in response to a call by President Recep Tayyip Erdogan to cut rates below 10 percent by the end …

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• 24 November 2022 3:19 pm

  German IFO Business Climate Index improves to 86.3 in November

  

  The headline German IFO Business Climate Index climbed to 86.3 in November versus the previous reading of 84.5 and the market consensus of 85.0. Meanwhile, the Current Economic Assessment improved to 93.1 points in the reported month when compared to October’s 84.2 and 93.8 expected. The IFO Expectations Index – …

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• 24 November 2022 1:49 pm

  European stocks are looking for direction

  

  European stocks opened little changed on Thursday, November 24th, after the minutes of the Federal Reserve meeting indicated a moderation in the pace of interest rate hikes and while investors await new indications from the European Central Bank. The Stoxx 600 index of European shares fell 0.03% amid low trading …

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• 24 November 2022 12:56 pm

  The US dollar is declining as risk appetite improves after the Fed

  

  The US dollar fell Thursday, November 24, as investors flocked to risky assets after expectations of a slowdown in the rate hike in the US. The upcoming minutes of the Fed’s Monetary Policy Committee meeting, which was held on the first and second of November, revealed that officials are very …

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• 24 November 2022 12:08 pm

  The Nikkei index closed at a two-month peak amid hopes of a slowdown in interest rate hikes in the US

  

  Japan’s Nikkei index ended Thursday’s trading at its highest level in more than two months, tracking Wall Street, which posted overnight gains on hopes that the Federal Reserve will slow the pace of interest rate hikes. The Nikkei index closed up 0.95 percent at 28,383.09 points, the highest level since …

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• 24 November 2022 2:48 am

  Gold surges on Fed’s pivot signals by FOMC minutes

  

  Gold prices extended gains on Wednesday as the FOMC minutes for November policy meeting showed a “substantial majority” of members opting to slow down rate hikes. Spot gold rose 0.6% to $1,750.38 per ounce, while US gold futures settled 0.6% higher at $1,750.90.Gold traded higher in a relief rally after …

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• 24 November 2022 2:28 am

  Market Drivers – US Session 23/11/2022

  

  The US dollar fell further as an immediate reaction to the FOMC minutes. On the other hand, all US indexes picked up an upward pace. Chances of a 50 bps hike rose to 79% following the release time. The dollar retreated on Wednesday under selling pressure and finished the day …

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• 24 November 2022 1:19 am

  Stocks surge after pivot signals by FOMC minutes

  

  U.S. stocks rose Wednesday as meeting minutes from the Federal Reserve showed that the Fed is looking to hand out smaller rate hikes in the coming months as inflation eases.The Dow Jones Industrial Average rose 95 points, or 0.28%. The S&P 500 gained 0.51% and the Nasdaq Composite increased 0.95%.Minutes …

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• 23 November 2022 11:43 pm

  EUR/USD surges on FOMC minutes

  

  The Euro benefited from Wednesday’s FOMC minutes as the US Dollar weakened on the release of the November meeting’s minutes.The minutes have indicated that Fed policymakers agreed to slow the rate hikes, this news is weakening the US Dollar, so the Euro jumped against the US Dollar. At the time …

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• 23 November 2022 11:17 pm

  FOMC Minutes: Most Policymakers Supported Slowing Rate Hiking Pace Soon

  

  There is a prevalent state of volatility across financial assets in all markets following the release of FOMC meeting minutes that has showed a substantial majority of the board see slowing hikes soon.According to the minutes, the Fed says rate peak to be higher than previously expected. There are uncertain …

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• 23 November 2022 11:04 pm

  NZD/USD rallies ahead of FOMC minutes

  

  NZD/USD rallied to a high of 0.6236 on Wednesday, from the 0.6123 low. The pair was getting closer to its strongest levels in nearly three months after the RBNZ decided a supersized 75 basis point rate hike to get ahead of inflation.The latest RBNZ’s rate hike has been the largest …

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• 23 November 2022 10:22 pm

  FOMC Minutes to reveal how big support for higher peak rate could be

  

  The Federal Reserve is expected to show how united policymakers were at their meeting earlier in November over a higher peak for interest rates than previously signaled as they calibrate their fight against decades-high inflation.At the conclusion of the Nov. 1-2 meeting of the US central bank’s policy-setting Federal Open …

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• 23 November 2022 9:26 pm

  US stocks slightly surge ahead of FOMC minutes

  

  US stocks were mixed on Wednesday, as investors looked ahead to FOMC minutes hoping for clues into the pace of future interest rate hikes.The Dow Jones Industrial Average fell 3 points, or 0.01%. The S&P 500 gained 0.23% and the Nasdaq Composite increased 0.51%. Shares of Nordstrom fell more than …

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