Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 15 November 2022 12:22 pm

  Japan shares close higher despite sudden economic downturn

  

  Japanese stocks rose on Tuesday, with investors holding on to shares that fell sharply, even as data showed a surprising economic contraction. The Nikkei index rose 0.1 percent to close at 27,990.17 points, while the broader Topix index rose 0.37 percent to 1964.22. Japan’s economy unexpectedly contracted for the first …

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• 15 November 2022 2:34 am

  Market Drivers – US Session 14/11/2022

  

  US President Joe Biden met his Chinese counterpart Xi Jinping during the G20 summit in Bali. The versions of the outcome vary per national news outlets. Biden said they are not looking for conflict and will not be a new Cold War. Chinese media reported that Xi warned Washington about …

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• 15 November 2022 1:19 am

  Oil dragged down by firmer dollar, China’s COVID news

  

  Oil prices settled around $3 lower on Monday, dragged down by the stronger dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer.Brent crude futures settled down $2.85, or 3%, at $93.14 a barrel after gaining 1.1% on …

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• 15 November 2022 12:09 am

  USD/CAD supported by stronger US dollar

  

  The USD/CAD pair is set to move higher, receiving significant support from the firmer US dollar on Monday. WTI crude is under pressure because Covid infection in China, and this is one factor that is knocking the Canadian dollar. The USD/CAD pair is heading upside on Monday, partly as oil …

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• 14 November 2022 11:15 pm

  USD/CHF slides on SNB Jordan’s hawkishness

  

  Fe members stressed the need to prolong rate hikes, even though at a slower pace, and the comments by Fed Vice Chair Lael Brainard, in particular, are bolstering the US dollar. The Swiss Franc continues to strengthen against the US Dollar.Based on data, SNB Governor Thomas J. Jordan said they …

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• 14 November 2022 10:24 pm

  Jordan: “Great probability” that the SNB will need to tighten monetary policy

  

  Swiss National Bank Chairman Thomas Jordan has recently hinted that further interest rate hikes were on the way from the central bank. He previously said “determined action” is required to check rising prices. On Monday, Jordan noted there is a “great probability” that the SNB will need to tighten monetary …

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• 14 November 2022 9:18 pm

  US shares trim earlier declines after Brainard’s remarks

  

  US stocks pared earlier declines after Fed Vice Chair Lael Brainard said that it would be appropriate “soon” for the central bank to slow its pace of interest-rate hikes.The S&P 500 fell 0.1% after struggling for direction earlier in the session. The tech-heavy Nasdaq 100, which is typically more sensitive …

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• 14 November 2022 8:47 pm

  Breaking: Fed’s Brainard suggests slower pace of rate hikes will come ‘soon’

  

  Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon slow the pace of its interest rate increases.With markets expecting a likely step down in December from the Fed’s rapid pace of rate increases this year, Brainard confirmed that a slowdown if not a stop is …

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• 14 November 2022 8:37 pm

  NY Fed: One-year consumer inflation expectation rises to 5.9% in October from 5.4%

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation rose to 5.9% in October from 5.4% in September.The US Dollar Index showed no immediate reaction to this publication and it was last seen gaining 0.45% on the …

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• 14 November 2022 7:39 pm

  USD Index looks firm ahead speech by Fed’s Brainard

  

  The US Dollar Index reclaims the area above the 107.00 mark on Monday. US yields tread water amid general absence of direction. The USD Index keeps unchanged following the opening bell in Wall Street. The Index looks supported around 106.30The index regains some poise after the sharp decline seen in …

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• 14 November 2022 5:47 pm

  Dollar stabilizes as Fed remains cautious on inflation

  

  The dollar stabilized on Monday after falling sharply last week after Federal Reserve Chairman Christopher Waller said the central bank had not eased its fight against inflation. Slightly lighter-than-expected inflation data on Thursday dragged the dollar down, with the dollar index dropping 3.6 percent in two sessions last week, its …

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• 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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