Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 26 November 2022 3:19 am

  Market Drivers – US Session 25/11/2022

  

  The US dollar edges higher within range-bound holiday markets on Friday in an obviously quiet US trading session following the US Thanksgiving holiday. The American currency is near multi-month lows as the prospect of the Fed’s pace of policy tightening keeps impacting the dollar.Today has all the indicators of another …

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• 26 November 2022 1:41 am

  US Stocks Face Mixed Sentiment, Still Boosted By FOMC Minutes

  

  Investors exhibit more interest in coming back into the S&P 500 and the Dow Jones Industrial Average surged on Friday, achieving gains despite the trading week that is shortened by holidays.The Dow surged 152.97 points, or 0.45% to 34,347.03, marking the third consecutive session with gains. The S&P 500 fell …

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• 25 November 2022 11:34 pm

  Explainer: All you need to know about oil ‘Contango’

  

  Contango is traditionally defined as the case where the commodity market witnesses prices for delivery at later dates that are higher than immediate exchange prices; that is to say, it is a market condition signaling oversupply and a situation where traders exploit the moment to buy for storing oil for …

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• 25 November 2022 10:34 pm

  WTI extends losses on floating dollar, Covid-linked fears

  

  This week’s coronavirus crisis has impacted West Texas Intermediate crude oil price, on fluctuating expectations about potentially lower demand. Meanwhile, the Eurozone is threatening to impose a cap on Russian oil exports and the floating performance of the US Dollar, all these factors are keeping WTI in a remarkably defensive …

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• 25 November 2022 9:09 pm

  Investors perplexed as ECB stir doubts about outlook

  

  The European Central Bank’s top economists are wrangling over the outlook for inflation and interest rates, leaving investors perplexed over the central bank’s next policy moves.Philip Lane and Isabel Schnabel, who lead the economic debate on the ECB’s board, gave contrasting views this week on whether the Eurozone central bank …

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• 25 November 2022 8:13 pm

  Gold could struggle amid expectations of more policy tightening

  

  Gold is trading around $1751 per ounce at the time of writing versus the previous closing price; $1754.18 The US dollar’s weakness has helped gold price to test $1,780 per ounce. On the other hand, the Fed’s commitment to fight inflation with tighter monetary policy leaves space for future dollar’s …

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• 25 November 2022 7:18 pm

  Mixed sentiment drags AUD/USD from weekly highs

  

  The Australian Dollar is on the defensive front as market sentiment remains mixed. The Federal Reserve: US growth risks are skewed to the downside, capping the US Dollar gains. The Australian Dollar is losing ground versus its American counterpart amid an obviously mixed sentiment. Additionally; US stocks are wavering due …

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• 25 November 2022 5:53 pm

  Gold’s luster fades with the rise of the dollar, but it is about to make a modest weekly rise

  

  Gold prices fell on Friday, with the dollar restoring its upward trajectory, but expectations of a less sharp interest rate hike from the US Central Bank put the yellow metal on the path to achieving a small weekly gain. And gold fell in spot transactions 0.2 percent to $ 1751.49 …

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• 25 November 2022 4:30 pm

  Pound is heading towards recording gains for the third week, but remains weak

  

  The British Pound fell slightly on Friday, but is still on track for its third consecutive weekly increase against the US dollar. Analysts expect sterling to remain fragile as central banks, including the Bank of England, continue to tighten monetary policy even though the recession is expected to be deeper …

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• 25 November 2022 2:29 pm

  European stocks are falling

  

  European stocks fell on Friday as retailers came under pressure following the start of the holiday shopping season amid fears of a sharp slowdown in the global economy and a sharp rise in inflation. The Stoxx 600 index was down 0.1% by 0811 GMT, below a three-month high hit earlier …

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• 25 November 2022 12:44 pm

  Japan’s Nikkei closes lower, but records a weekly jump

  

  Japan’s Nikkei average closed lower on Friday, after hitting a more than two-month high in the previous session, as investors sold shares of chip-related technology and growth companies to lock in gains. Still, losses were limited by hopes of a slowdown in rate hikes globally. The Nikkei index fell 0.35 …

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• 25 November 2022 11:08 am

  Germany’s Final GDP expands 0.4% QoQ in Q3

  

  The German economy expanded by 0.4% on the quarter in the three months to September of 2022 vs. 0.3% prior, the final revision confirmed on Friday. The reading came in above the market consensus of 0.3%. On an annualized basis, Europe’s economic powerhouse’s GDP grew 1.3% in Q3 2022 vs. …

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• 25 November 2022 10:32 am

  Gold is about to achieve a weekly gain amid hopes that the US central bank will slow down the rate hike

  

  Gold prices rose slightly on Friday, on track for a weekly gain, as it received support from a weaker dollar on signs that the Federal Reserve may soon slow the pace of raising interest rates. Spot gold rose 0.2 percent to $1,758.41 an ounce by 0223 GMT, and has risen …

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