Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 17 November 2022 7:58 pm

  Performance of shares, sterling reacts to UK new budget

  

  Irritating recession and interest rate worries impacted Europe’s markets on Thursday, and the pound fell as the United Kingdom seeks a way out from its disastrous fiscal experiment to leave it behind it with a new budget that is largely conceived of as austere-looking.Early optimism about Siemens’ earnings and expectations …

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• 17 November 2022 6:57 pm

  Bullard: 5%-5.25% Minimum level for Fed policy rate

  

  St. Louis Federal Reserve President James Bullard said on Thursday that a minimum level for a restrictive Federal Reserve (Fed) policy rate would be 5% to 5.25%, as reported by Reuters.The US Dollar Index edged slightly lower in the last hour but it was still up 0.6% at 106.90 at …

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• 17 November 2022 5:04 pm

  Russia confirms the extension of the grain export agreement across the Black Sea

  

  On Thursday, a statement by the Russian Foreign Ministry confirmed that the agreement to export grain through the Black Sea will be extended for 120 days, starting from November 18, without any amendments to the current agreement. The statement added that Moscow assumes that Russian concerns related to easier conditions …

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• 17 November 2022 3:10 pm

  Dollar is stable amid mixed indicators from US economy and GBP is rising

  

  The dollar was little changed on Thursday as investors digested mixed US economic data, while the British pound rose ahead of the government’s budget plans. The greenback has fallen in the past few weeks as inflation data and comments from Federal Reserve officials suggested the bank could soon slow the …

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• 17 November 2022 1:41 pm

  German stocks lead Europe higher after Siemens data

  

  German stocks led European indices higher at the open on Thursday, supported by data from Siemens, which recorded an optimistic rise in quarterly profits, while investors await the UK budget, which is expected to restore confidence in the British economy. The German DAX rose 0.9%, while the pan-continental Stoxx 600 …

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• 17 November 2022 1:01 pm

  Gold is stabilizing as geopolitical tensions ease

  

  Gold prices stabilized on Thursday as demand for the precious metal declined due to the latest geopolitical concerns, while hopes that the Federal Reserve (the US central bank) would be less aggressive in raising interest rates in the coming months boosted the markets. And by 0103 GMT, there was little …

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• 17 November 2022 12:17 pm

  Nikkei closed lower on chip stocks

  

  Japan’s Nikkei closed lower on Thursday, as Tokyo Electron and Advantest led chip-related stock losses after Micron Technology cut memory chip supplies and capital spending, while travel stocks jumped thanks to an increase in foreign tourists. Micron was the first major chip maker to sound the alarm about falling demand …

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• 17 November 2022 5:52 am

  Market Drivers – US Session 16/11/2022

  

  The US dollar gathered some strength during the US trading session, closing mixed. The US dollar benefited from a deteriorating sentiment following Poland’s developments in relation to the Russo Ukrainian war, but also from Wednesday’s economic news.The EUR/USD pair trades at around 1.0370, while GBP/USD is stable around 1.1890. Commodity-linked …

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• 17 November 2022 2:35 am

  Gold fails to benefit from US dollar’s latest performance

  

  Gold Price creeps lower after testing the weekly high around $1786 on Wednesday following the release of positive US data. The retail sales data triggered risk aversion, so, the US dollar’s stance as a safe haven benefited, but the Gold Index was not able failed to capitalize on falling US …

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• 17 November 2022 1:44 am

  Bitcoin declines on spreading FTX crisis

  

  Betcoin was high trading at $16705 after falling to intraday lows after Wednesday’s Wall Street opening bell as the FTX scandal appeared to have impacted another victim. After the bell BTC/USD was trading around $16,400.The meant victim could be Genesis Global Capital, the crypto lending arm of Genesis Trading, and …

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• 17 November 2022 1:09 am

  Stocks slide on firm dollar, retail sales data

  

  Global stocks slid from two-month highs and dollar maintained its safe-haven standing and managed to steady on Wednesday after stronger-than-expected US retail sales clouded the Fed’s inflation outlook and hopes that the Fed could ease its hawkish interest rate hikes.Stocks in Europe pared overnight losses in Asia after Poland’s president …

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• 17 November 2022 12:58 am

  Fed’s Hawk: Will not be fooled by one report

  

  Governor Christopher Waller repeated the same Fed’s hawkish stance on Wednesday. Last week, Waller said “we’ve still got a way to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices, jolting risk appetite”.Waller continues to warn that officials were not close …

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• 17 November 2022 12:05 am

  Australian Employment Preview: Forecasts by major banks

  

  Australia will release October’s employment report on Thursday, November 17 at 00:30 GMT and as markets draw closer to the release time, here are forecasts by analysts at five major banks regarding the upcoming awaited data.Australia is expected to have added 15K positions in October versus 0.9K in September, with …

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