Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 21 November 2022 12:08 pm

  Nikkei closed slightly higher on rate hike and Covid fears in China

  

  Japanese stocks closed slightly higher on Monday, although stocks included in the Nikkei index remained below 28,000 points, as a rise in the number of COVID-19 infections in China overshadowed sentiment in Asia while traders waited for more clarity regarding the issue. What will happen to interest rates. The Nikkei …

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• 21 November 2022 11:18 am

  Russian oil supplies to China jump 16% in October and come in second place after Saudi Arabia

  

  Chinese oil imports from Russia jumped 16% year-on-year in October, making it second only to Saudi Arabia, Beijing’s biggest supplier, as state firms fill warehouses ahead of a European embargo over the Russia-Ukraine war. Data from China’s General Administration of Customs showed Sunday, November 20, that supplies from Russia, including …

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• 21 November 2022 10:19 am

  Oil prices are nearing their lowest level in two months

  

  Oil prices hovered near a two-month low on Monday as supply concerns eased while worries about fuel demand in China and rising interest rates overshadowed prices. Brent crude futures for January fell 28 cents, or 0.3 percent, to $87.34 a barrel by 0103 GMT, after settling at their lowest since …

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• 20 November 2022 4:36 am

  Weekly Recap: 14-18 Nov. Inflation Continuing Source Of Headache

  

  Inflation, geopolitical tensions and global growth-linked worries impacted almost all financial markets. EU inflation retreated in October but is still hot. The EUR/USD pair held above the 1.0300 level with no signs of declining.As the Fed’s battle against inflation arrives at a new and more challenging stage, services will be …

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• 19 November 2022 2:45 am

  Market Drivers – US Session 18/11/2022

  

  US President Joe Biden cautioned on Friday that ““it’s going to take time to get inflation back down to normal levels.”, but he assured that legislation he signed earlier this year will help limit costs for health care and energy. However, he said that “in six short weeks, Americans are …

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• 19 November 2022 1:45 am

  Oil declines for second week as supply fears retreat

  

  Oil dropped by about 2% on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to US interest rates. Brent crude settled at $87.62 a barrel, falling $2.16, or 2.4%. U.S. West Texas Intermediate (WTI) crude settled at $80.08 a barrel, losing …

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• 19 November 2022 12:55 am

  Breaking: Biden Warns “Inflation Will Take Time” To Recede

  

  US President Joe Biden cautioned on Friday that ““it’s going to take time to get inflation back down to normal levels.”, but he assured that legislation he signed earlier this year will help limit costs for health care and energy.However, he said that “in six short weeks, Americans are going …

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• 18 November 2022 11:32 pm

  Sterling Struggles Amid UK Austerity Measures

  

  This week’s UK Fiscal Statement, including tax rises and spending cuts announced by Jeremy Hunt, could mark the beginning of the process of restoring the UK’s impacted reputation, according to the Institute of Fiscal Studies. ‘The swing over a couple of months from Kwasi Kwarteng’s fiscal loosening to a big …

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• 18 November 2022 10:18 pm

  AUD/USD set to record minimal weekly losses

  

  The Australian dollar is set to finish the week with losses of 0.50%. The Australian Dollar prepares to finish the week negative, dropping against the US dollar while market sentiment turned negative due to the lack of a catalyst. The only factor that could be considered as a catalyst was …

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• 18 November 2022 8:43 pm

  Gold Unchanged Amid Softer US Dollar

  

  On Friday, gold prices are trading unchanged in early US trading session. The softer US dollar index is being balanced by a drop in crude oil prices to a five-week low overnight. US bond yields have risen a bit late this week, which leans slightly bearish for the safe-haven metals. …

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• 18 November 2022 7:46 pm

  US Dollar Index hovers around 106.80, economic data in focus

  

  The US Dollar index trades within a tight range near 106.80 on Friday as US bond yields reverse direction and now slip back to the red territory.The US dollar exchanges gains with losses in the 106.70 region when gauged by the USD Index amid the generalized lack of direction in …

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• 18 November 2022 7:04 pm

  US existing home sales decline for ninth month

  

  Existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.43 million in October, the National Association of Realtors said Friday. Compared with October 2021, home sales were down 28.4%.Economists polled by the Wall Street Journal had expected an decrease to 4.37 million units. Sales of previously owned homes …

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• 18 November 2022 4:32 pm

  ECB President: The central bank may have to restrict growth to control inflation

  

  European Central Bank President Christine Lagarde said the central bank will continue to raise interest rates and may even need to restrict economic activity to control inflation. The European Central Bank raised interest rates by an unprecedented 200 basis points since July to tackle inflation, and said further policy tightening …

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