Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 12 December 2022 10:14 pm

  AUD/USD Eying Australian Data, US CPI.

  

  The Australian dollarsnapped three days of gains and dropped 0.84%, following last Friday’s US producer’s inflation data, ahead of the release of the CPI in the United States. The positive sentiment that usually supports the AUD/USD keeps the Australian dollar under pressur. Therefore, the AUD/USD pair is trading at 0.6735 …

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• 12 December 2022 9:22 pm

  NY Fed: Consumer inflation expectation declines in November

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation declined to 5.2% in November from 5.9% in October, marking the biggest one-month decline on record.Further details of the publication showed that the three-year ahead expected inflation edged …

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• 12 December 2022 8:36 pm

  EUR/USD benefits from weaker US dollar ahead of CPI data, policy decisions

  

  The US Consumer Price Index is expected to be cooler. Sliding CPI data is in the favour of the Euro, due to less hawkish tightening anticipated the Federal Reserve.The awaited CPI data will be released on Tuesday, estimates refer to falling from 7.7% in the previous month’s reading to a …

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• 12 December 2022 7:19 pm

  Gold’s next price direction awaits key US events

  

  The precious metal is trading at $1784.27 per ounce at the time of writing versus the previous closing price at $1797.11.Inflation data from the US and the Federal Reserve’s policy decision are expected to help investors obviously see whether gold price can extend its bullish rally into the end of …

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• 12 December 2022 5:44 pm

  Turkey’s high unemployment key challenge to Erdogan in presidential elections

  

  Data on Monday showed that Turkey’s unemployment rate rose to 10.2 percent in October, posing a potential challenge to President Recep Tayyip Erdogan’s hopes of re-election next year, even as inflation trended lower and the currency remained broadly stable. Economic growth is also expected to remain subdued ahead of presidential …

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• 12 December 2022 4:03 pm

  The dollar fell as inflationary pressures persisted

  

  The dollar fell on Monday, but data released at the end of last week showing wholesale price inflation in the United States rose more than expected in November capped losses, reinforcing the possibility that the Federal Reserve will keep interest rates high for a longer period. The US currency recorded …

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• 12 December 2022 2:48 pm

  Gold declined, focusing on US inflation data and Fed meeting

  

  Gold prices declined, affected by the dollar’s rise, as investors await key inflation data in the United States and the Federal Reserve’s decision to raise interest rates due this week. The spot gold price fell 0.2% to $1793.44 an ounce as of 00:09 GMT, and US gold futures fell 0.3% …

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• 12 December 2022 1:47 pm

  European stocks fall amid anticipation of interest rates

  

  European stocks fell on Monday, as investors awaited the decisions of the Federal Reserve and the European Central Bank regarding interest rates scheduled for this week, and their sentiment was affected by the rise in Covid-19 infections in China after easing restrictions. The pan-European Stoxx 600 index was down 0.4 …

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• 12 December 2022 12:59 pm

  Nikkei declines as technology stocks fall ahead of Fed

  

  The Japanese Nikkei index fell on Monday, after hitting its highest level in a week, as US data pointing to rising inflation increased fears that the Federal Reserve would keep raising interest rates for a longer period. Technology stocks fell after US producer price data on Friday indicated that inflation …

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• 12 December 2022 12:20 pm

  Oil prices rise due to uncertainty over restarting the Keystone pipeline and Russian supplies

  

  Oil prices rose more than 1 percent in early Asian trading on Monday, as a major pipeline transporting crude oil between Canada and the United States remained closed as Russian President Vladimir Putin threatened to cut production in response to the West imposing a cap on Russian oil export prices. …

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• 12 December 2022 6:07 am

  Financial Markets’ Weekly Recap 5 – 9 December

  

  The dollar rose against the euro on Friday after US producer price data for November came in slightly higher than expected, casting doubt on whether the Federal Reserve will slow down the pace of interest rate hikes at its meeting next week. The data showed US producer prices rose 0.3 …

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• 10 December 2022 12:34 am

  GBP/USD Flirts with 1.2300 ahead of BoE’s decision

  

  Bank of England to hike rates by 50 bps, fresh forecasts coming up. Concerns about a global economic setback weighed on US indexes. The GBP/USD pair is trading at 1.2265 at the time of writing.The GBP/USD pair peaked at 1.2321 after Wall Street’s opening but trimmed intraday gains and hovers …

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• 9 December 2022 10:41 pm

  Crude oil at lowest level in 2022 amid EU-Russia Confrontation

  

  EU member states and the G7 nations started applying their price cap on Russian oil prices, constituting a fresh factor why crude prices fell to fresh lows.The EU Commission President Von der Leyen anticipated more sanctions ahead and WTI trades near a weekly low of $70.97 per barrel, the lowest …

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