Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 2 November 2022 12:47 am

  ECB could shrink bond portfolio next January

  

  According to Bundesbank President Joachim Nagel, the European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year. “We should start shrinking our bond portfolio at …

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• 1 November 2022 11:57 pm

  EUR/USD steadies in bullish territory ahead of the Fed

  

  The EUR/USD pair sits back into neutral territory as markets get prepared for the Fed’s policy decision. Traders are on look out for a pivot in the chair’s tone.The EUR/USD is sitting tight in mas investors await the outcome of the Fed this week while investors worry over a potential …

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• 1 November 2022 10:45 pm

  GBP/USD retreats on positive US data

  

  The British pound has given away gains and dives to US session lows at 1.1450 after the positive US economic data dampened hopes of a Fed pivot in December. The pound has lost nearly 100 pips in a matter of minutes, following the release of a set of positive US …

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• 1 November 2022 9:53 pm

  Does Strong USD Mean A Looming Debt Crisis for Emerging Markets?

  

  The average household in Ghana is paying two-thirds more than it did last year for fuel, flour and other necessities. In Egypt, wheat is expensive and the governmental budget suffers from bread subsidy provided to citizens. Sri Lanka is struggling to control a political crisis, and is running out of …

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• 1 November 2022 9:29 pm

  FOMC Decision Preview: Fed’s preferred yield-curve measure close to recession signal

  

  US bonds rallied while new warnings are raised that a recession is inevitable in the United States ahead of Fed’s two-day policy meeting for November which is expected to result in a fifth-straight outsized rate hike.Traders are digesting the ISM manufacturing data for further clues on the state of the …

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• 1 November 2022 8:14 pm

  Gold price clings to gains after positive US economic data

  

  Gold price advances in the North American session benefiting from the retreating US Treasury yields which weakened the US dollar, following the release of solid US data, specifically factory activity. Traders observed a risk-on in the equities market, spurred by speculations that China is adjusting to exit its zero-tolerance Covid-19 …

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• 1 November 2022 7:22 pm

  JOLTS Job Openings in September above expectations

  

  The number of job openings in the US increased to 10.7 million on the last business day of September, the US Bureau of Labor Statistics reported in its Job Openings and Labour Turnover Summary (JOLTS) on Tuesday.This print came in higher than the market expectation of 10 million. “The number …

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• 1 November 2022 5:44 pm

  Thomson Reuters Beats Q3 Earnings Estimates

  

  Thomson Reuters (TRI) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.33%. A quarter …

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• 1 November 2022 3:28 pm

  Dollar is falling as optimism spreads before the Fed and BoE meetings

  

  The US dollar slipped on Tuesday from a one-week high against a basket of major counterparts, as sentiment improved in financial markets ahead of the Federal Reserve and Bank of England meetings scheduled for this week. The Federal Reserve is widely expected to raise its key interest rate by 75 …

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• 1 November 2022 1:48 pm

  Oil rises more than 1% thanks to weak dollar, despite concerns about Covid in China

  

  Oil prices rose more than 1% on Tuesday, paring losses incurred in the previous session, while the dollar slipped to reduce the impact of sweeping restrictions to combat Covid-19 in China, stoking fears of slowing fuel demand in the second-largest crude consumer in the world. the scientist. Brent crude futures …

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• 1 November 2022 12:58 pm

  Dollar falls as risk appetite improves ahead of Fed meeting

  

  The US dollar slipped again on Tuesday from a one-week high against a basket of its major peers, with traders awaiting the message Federal Reserve officials will deliver at Wednesday’s monetary policy meeting. The dollar index, which measures the US currency against six rival currencies, including the euro, the pound …

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• 1 November 2022 11:34 am

  Japan shares close higher thanks to positive corporate profits and Toyota declines

  

  Japanese stocks closed higher on Tuesday, as investors reacted to expectations of some companies for a strong performance, even as Toyota Motor shares fell after the company reported worse-than-expected earnings. The Nikkei average rose 0.33 percent to 27,678.92 points, while the broader Topix gained 0.47 percent to 1,938.50 points. Toyota …

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• 1 November 2022 11:02 am

  Gold rises in light of the decline in the dollar and bond yields Ahead of FED meeting

  

  Gold prices rose on Tuesday as the US dollar and bond yields declined, although investors were cautious as markets awaited policy expectations from the Federal Reserve’s two-day meeting starting later Tuesday. And gold rose in immediate trading 0.5% to $ 1641.43 an ounce by 0548 GMT, after earlier touching its …

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