Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 16 November 2022 11:46 pm

  White House Holds Russia As Responsible For Poland’s Tragic Incident

  

  On Wednesday, the White House has not seen anything that contradicts Poland’s preliminary assessment that a missile that landed within its borders on Tuesday was most likely the result of a Ukrainian air defense missile, according to US National Security Council spokesperson Adrienne Watson.“Whatever the final conclusions may be, it …

  Read More »
• 16 November 2022 10:57 pm

  Oil declines on Druzhba pipeline resumption, COVID concerns

  

  On Wednesday, oil prices settled more than one US dollar lower after Russian oil shipments via the Druzhba pipeline to Hungary resumed operation and rising COVID-19 cases in China weighed on investors’ sentiment.Contracts to deliver West Texas Intermediate crude in December closed at their lowest price since October 25, according …

  Read More »
• 16 November 2022 10:02 pm

  Could US retail sales continue to rise despite fundamentals?

  

  Retail Sales rose in October by 1.3% above the 1% of market consensus. Analysts point out that despite the apparent endurance, consumers are struggling to keep up the pace. They warn that the last time credit card borrowing was growing like it is now, the US was heading into the …

  Read More »
• 16 November 2022 9:07 pm

  BoE’s Dhingra: Additional rate hikes could deepen UK recession

  

  BoE’s Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs beyong the present level.“You could think of getting into a much deeper, much longer recession if rates continue to rise because there is already about a fairly sizeable …

  Read More »
• 16 November 2022 8:05 pm

  ECB’s Vice President: Will do ‘whatever is necessary’ to get inflation to 2%,

  

  On Wednesday, ECB Vice President Luis de Guindos said the central bank needed to keep inflation expectations anchored. In a report published Wednesday, the ECB said households and businesses were under pressure from high rates, a poor economic outlook and monetary tightening; but government support needed to be “targeted.”De Guindos …

  Read More »
• 16 November 2022 7:03 pm

  Fed’s Williams: Monetary policy not best tool to address financial stability risks

  

  On Wednesday, the US Dollar Index continues to erase its daily losses following the comments by important Fed and was last seen losing 0.17% on the day at 106.38.New York Federal Reserve President John Williams said that the monetary policy is not the best tool to address financial stability risks, …

  Read More »
• 16 November 2022 5:29 pm

  US Industrial Production Preview

  

  US October Industrial Production will be reported on Wednesday, November 16 at 14:15 GMT and is expected at 0.2% month-on-month vs. 0.4% in September. Here you can find the expectations as forecast by the economists and researchers of three major banks regarding the upcoming data. Citibank “Industrial Production should rise …

  Read More »
• 16 November 2022 3:16 pm

  The dollar’s gains fade on the missile explosion in Poland

  

  On Wednesday, the dollar hit just over multi-month lows against most major currencies, as flows supporting the safe-haven currency slowed after US President Joe Biden said a missile that caused an explosion in Poland may not have been launched from Russia. NATO allies Poland and Ukraine said on Tuesday that …

  Read More »
• 16 November 2022 2:45 pm

  API: US oil stocks fell by 5.8 million barrels

  

  The American Petroleum Institute said that oil inventories fell by 5.8 million barrels in the week ending on the eleventh of November. The American Institute stated in its weekly report that gasoline stocks rose by 1.7 million barrels, and distillate stocks rose by 850 thousand barrels. Today, Wednesday, the US …

  Read More »