Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 14 November 2022 4:26 pm

  OPEC cuts global demand growth forecast again as economic challenges escalate

  

  On Monday, OPEC lowered its forecast for global oil prices in 2022, the price of oil in car prices. The Bureau of Petroleum Exporting Pictures (OPEC) said in a monthly report that oil demand in 2022 will rise by 2.55 million barrels per day, or 2.6 country houses. OPEC Oil …

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• 14 November 2022 3:38 pm

  Eurozone Industrial Production expands by 0.9% in September

  

  Industrial Production in the euro area and the European Union expanded by 0.9% on a monthly basis in August, the data published by Eurostat revealed on Monday. This reading came in better than the market expectation for an increase of 0.3%. On a yearly basis, Industrial Production in the euro …

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• 14 November 2022 2:51 pm

  European shares open higher thanks to mining stocks

  

  European shares rose on Monday as mining stocks rose on hopes of rising demand from China, while caution prevailed after a top policymaker at the Federal Reserve said the bank would not “relax” its fight against inflation. The pan-European Stoxx 600 index rose 0.1 percent by 0811 GMT, after posting …

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• 14 November 2022 2:25 pm

  Oil gives up gains on rising COVID-19 cases in China and dollar’s strength

  

  Oil prices pared their previous gains and fell Monday, November 14, affected by the rise in the dollar and the increase in Corona virus infections in major Chinese cities, which dashed hopes of reopening the economy of the world’s largest importer of crude. Brent and US West Texas Intermediate crude …

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• 14 November 2022 1:20 pm

  Oil prices rise, supported by hopes of increasing Chinese demand

  

  Oil prices rose about 1 percent on Monday, extending gains from the previous session, as China eased some of its strict protocols to combat the Coronavirus, raising hopes of a recovery in economic activity and demand in the world’s largest importer of crude. Brent crude and US West Texas Intermediate …

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• 14 November 2022 12:36 pm

  Nikkei falls from two-month highs

  

  Japan’s Nikkei closed lower on Monday after hitting a two-month high in the previous session, as investors booked profits and market heavyweight SoftBank Group fell after its investment arm Vision Fund reported another big quarterly loss. The Nikkei index closed down 1.06 percent to 27,963.47 points, while the broader Topix …

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• 14 November 2022 11:54 am

  Gold retreats from three-month high as dollar rises

  

  Gold prices fell on Monday from a three-month high reached in the previous session as the dollar and US bond yields rose after a senior Federal Reserve official warned that the board was not easing its fight against inflation. And the price of gold in spot transactions 0.5 percent to …

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• 14 November 2022 7:45 am

  Financial Markets’ Weekly Recap 6 – 11 November

  

  Britain’s economy contracted in the three months to September at the start of what is likely to be a prolonged recession, adding to the challenges facing Chancellor Jeremy Hunt as he prepares to raise taxes and cut spending. Official data on Friday showed Britain’s economy shrank 0.2 percent in the …

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• 12 November 2022 3:23 am

  Market Drivers – US Session 11/11/2022

  

  Global stocks rallied on Friday for a second day on hopes cooler US inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years.Economic DataMSCI’s all-country world index rose 1.91%, lifting it to its …

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• 12 November 2022 3:08 am

  Wall Street benefits from softer US dollar

  

  On Wall Street, US stocks surged, Friday, to add to the prior US session’s biggest daily percentage gains for the S&P 500 and Nasdaq in more than 2-1/2 years after year-over-year inflation in October fell below 8% for the first time in eight months.The S&P 500 closed out its best …

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• 12 November 2022 2:35 am

  What is next after gold’s best week in more than 2 years?

  

  The price action of gold, next week, will look for direction mostly from the US dollar which attains a special standing as the key driver for gold’s ability to continue to this week’s rally.Gold is quickly becoming the asset to watch amid hot inflation as well as when inflation starts …

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• 12 November 2022 1:25 am

  Yellen urges markets to read CPI data with caution

  

  US Treasury Secretary Janet Yellen said she is not reading too much into October’s inflation report, which showed price pressures narrowing faster than expected and sent markets soaring.While the consumer price index report, which showed annual inflation slowed to 7.7%, was good news, it might not mean that inflation is …

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• 12 November 2022 12:30 am

  Treasury’s Yellen to meet China central bank Chair at G20 summit

  

  US Treasury Secretary Janet Yellen said on Friday that she will meet China’s central bank governor Yi Gang on the sidelines of the G20 Summit in Bali to discuss global economic conditions and China’s property market situation. The expected meeting will coincide with President Joe Biden’s planned Monday meeting with …

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