Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 11 November 2022 2:56 pm

  Dollar is heading for the biggest losses since 2015

  

  Investors are dumping the dollar as weaker-than-expected US consumer price data boosted hopes the Federal Reserve will ease monetary policy tightening in smaller-than-expected increases in its fight against inflation. The range of the dollar’s movements against several currencies on Thursday was significant. By 1730 GMT, the US currency was down …

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• 11 November 2022 1:27 pm

  European shares open higher, supported by commodity and luxury companies

  

  European shares opened higher on Friday, as news of China’s easing of strict Covid rules boosted stocks related to primary and luxury goods, which were also supported by better-than-expected sales data and margins from Richemont. The Stoxx 600 index rose 0.4 percent by 0812 GMT, and Swiss luxury goods Richemont …

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• 11 November 2022 12:35 pm

  Japan’s Nikkei index hits two-month high

  

  Japan’s Nikkei index ended Friday’s trading at a two-month high, boosted by a rally in Tokyo Electron and other growth-related shares, as markets tracked Wall Street after signs of lower inflation bolstered hopes the US central bank would slow the pace of interest rate hikes. The Nikkei jumped 2.98 percent …

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• 11 November 2022 2:42 am

  Market Drivers – US Session 10/11/2022

  

  WTI is currently changing hands at around $86.40 a barrel. The US Dollar fell on Thursday against all major rival currencies, yields plunged, as market participants rushed to bet on US Fed’s less hawkishness on monetary policy next December. Optimism returned to most assets. US Stocks soared. US indexes are …

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• 11 November 2022 2:23 am

  BoC’s Macklem: Canadians should expect even more rate hikes to come

  

  “Canadians should expect even more rate hikes to come on top of six that have already happened this year,” said Bank of Canada Governor Tiff Macklem during an interview with CBC News late Thursday.As for price reaction, the USD/CAD pair bears take a breather at a seven-week low, around 1.3323 …

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• 11 November 2022 1:53 am

  Fed’s George calls for more measured pace of rate hikes

  

  Kansas City Federal Reserve President Esther George on Thursday reiterated her support for a slower pace of US interest rate increases. She also called for a more measured method that could allow policymakers time to judge how the rises in borrowing costs are affecting the US economy.“I continue to see …

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• 11 November 2022 12:57 am

  US Stocks Close With Sheer Gains On Hopes For Lower Inflation

  

  Wall Street stocks surged on Thursday and closed with sheer gains, including a nearly 1,200-point jump for the Dow, as investors seized on data showing US inflation slowing to spark a rally.The Dow Jones Industrial Average jumped 3.7 percent to finish at 33,715.37, while the broad-based S&P 500 jumped 5.5 …

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• 10 November 2022 11:50 pm

  WTI struggles to regain $87 on soft US inflation data

  

  Oil prices bounce up from $84.70 low to reach levels past $87.00. WTI is trading at $86.60 at the time of writing. The Dollar plunges on soft US CPI data and hopes of Fed’s rate hiking easing have boosted risk appetite.WTI prices appreciated on Thursday to hit session highs right …

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• 10 November 2022 10:52 pm

  Mexico central bank hikes interest rate to record 10.0%

  

  The Bank of Mexico hiked its key interest rate by 75 basis points to a record 10.00% on Thursday, in line with forecasts and following in the footsteps of the US Fed’s own recent three-quarter of a percentage point increase.In a departure from recent decisions, the bank’s five board members …

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• 10 November 2022 9:57 pm

  After cheering CPI, Fed’s Mester reiterates: big risks remain on inflation

  

  Federal Reserve Bank of Cleveland President Loretta Mester said Thursday that while there are some new hopeful signs of moderating inflation, the main risk still facing the US central bank is that it doesn’t act aggressively enough to tame very high price pressures.Given the current level of inflation, its broad-based …

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• 10 November 2022 8:55 pm

  As US Dollar Plummets Post-CPI, Will Fed Ease Rate Hiking?

  

  The dollar falls sharply on Thursday after US consumer prices for October rose less than expected and pointed to underlying inflation having peaked, this reading has been the sort of data that markets cheered for as it could allow the Fed to ease up on aggressively hiking interest rates.The consumer …

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• 10 November 2022 8:11 pm

  Bitcoin soars by 10% Post-US CPI Data

  

  Bitcoins enjoys a splendid break from the frightening price action this week, the world’s most famous cryptocurrency gained around $1,600, nearly 10%, following the sizable slowdown in US inflation. On Thursday, the Consumer Price Index for October rose 0.4%, far slower than expectations for 0.6%, the Labour Department reported on …

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• 10 November 2022 7:15 pm

  AUD/USD jumps to six-week highs Post-CPI Data

  

  The AUD/USD pair has jumped following the key inflation data in the United States. The CPI figures came below expectations. Speculation above smaller rate hikes from the Fed impacted the US dollar, so, the pair hit at 0.6564, the highest level since late September.Pre-CPI Versus Post-CPIThe US Consumer Price Index …

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