Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 10 November 2022 1:40 pm

  European stocks open lower on ahead of US inflation data

  

  European shares opened trading Thursday, November 10, with declines, led by the real estate sector, amid anticipation of inflation data in the United States to determine whether the US Federal Reserve will ease the monetary tightening policy. The Stoxx 600 index was down 0.3% by 08:14 GMT, ending three days …

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• 10 November 2022 1:37 pm

  Oil falls for the fourth day, affected by demand concerns in China

  

  Oil prices extended losses on Thursday for the fourth consecutive session as the renewal of anti-Covid-19 restrictions in China raised concerns about fuel demand in the world’s largest importer of crude. China is fighting an increase in the number of infections in several economically important cities, including the capital, Beijing. …

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• 10 November 2022 12:30 pm

  Japanese stocks close lower after disappointing business outlook

  

  Japanese stocks fell on Thursday, tracking losses incurred by Wall Street overnight, as heavyweights such as Honda Motor and Sumitomo Rubber Industries fell after disappointing expectations. The Nikkei index fell 0.98 percent to close at 27,446.10 points. The broader Topix index also fell 0.66 percent to 1936.66 points. Honda Motor …

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• 10 November 2022 11:55 am

  Gold prices rise as dollar falls ahead of US inflation data

  

  Gold prices rose on Thursday, supported by the decline in the dollar, but they are moving within a relatively narrow range amid caution ahead of the release of US inflation data that may affect future Federal Reserve decisions on raising interest rates. Spot gold rose 0.3 percent to $1,710.62 an …

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• 10 November 2022 11:26 am

  Oil stabilizes as ahead of US inflation data

  

  Oil prices stabilized on Thursday, after falling for three days, affected by the renewal of anti-Covid-19 restrictions in China, the largest importer of crude in the world, as well as by traders’ anticipation of US inflation data that may provide indications regarding future interest rate hikes. By 0534 hrs, Brent …

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• 10 November 2022 2:32 am

  Market Drivers – US Session 09/11/2022

  

  Global news came mixed on Wednesday. News from China impacted market sentiment and risk appetite after another district lockdown due to covid infections. Russia is withdrawing from Kherson, the only Ukrainian regional capital captured since the invasion began, as Moscow cannot keep supplying troops and Russian President Vladimir Putin would …

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• 10 November 2022 2:20 am

  EUR/USD rebounds from parity ahead of US CPI

  

  The EUR/USD pair found an immediate bolstering factor around 1.0000 ahead of the key US CPI data expected on Thursday. US shares were subject to massive selloff transactions amid anxiety ahead of US midterm elections.The Eurozone CPI is still seen at 3% in three years and 5.1% in the next …

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• 10 November 2022 12:40 am

  US October Consumer Price Index Preview

  

  Used car prices would well serve as one of the primary indicators as well as a sizable component of rising inflation. Used car prices have witnessed a sharp increase since the mid 2021s. The latest data showed earlier in the month that used car prices dropped by 2.2% in October, …

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• 9 November 2022 11:37 pm

  Gold retreats on US Treasury auction

  

  Gold is now some steps back in the hands of the bears as traders await the key US CPI data. Gold is currently under pressure following, dropping at the turn of the past hour after a spike to the day’s highs, trapping breakout traders long when the US treasury notes …

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• 9 November 2022 10:42 pm

  USD/JPY’s recovers, but finds resistance at 146.55

  

  The US dollar’s rebound from 145.15 is limited below 146.00. The market has turned cautious ahead of the results of US elections and CPI data, this is why the USDJPY is risking further decline to 142.00. The US Dollar’s recovery from two-week lows at the 145.15 area lost momentum at …

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• 9 November 2022 9:33 pm

  Fed’s Barkin: Inflation fight may lead to downturn

  

  Fed’S fight against inflation may lead to a downturn in the US economy but that is a risk that the Fed will have to take, Richmond Fed President Thomas Barkin said on Wednesday, as reported by Reuters.The US Dollar showed no immediate reaction to these comments and the US Dollar …

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• 9 November 2022 8:29 pm

  WTI losses extend below $86 on Chinese demand-linked concerns

  

  Oil prices have declined for the third consecutive day, to reach levels near $86. Concerns about a decline on demand from China are weighing on prices. US crude stockpiles increased above expectations last week.Front-month WTI crude futures are depreciating for the third consecutive day on Wednesday. Concerns about a potential …

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• 9 November 2022 7:30 pm

  US Wholesale Inventories Eased in September

  

  Inventories at US wholesalers rose in September, although at a slower pace compared with the previous month as demand weakens.Inventories of US merchant wholesalers increased 0.6% in September on month, easing from a upwardly revised 1.4% increase in August, the Commerce Department said Wednesday.

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