Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 22 December 2022 12:27 pm

  Britain’s economic growth slowed to 1.9% in the third quarter of 2022 on an annual basis

  

  The pace of British GDP growth slowed in the third quarter of 2022, as the economy grew by 1.9%, compared to expectations of a growth of 2.4%, after the economy had previously recorded a growth of 4.4%. On a quarterly basis, the UK economy contracted by 0.3%, compared to expectations …

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• 22 December 2022 11:31 am

  Gold is moving in a narrow range as traders await economic data

  

  Gold rose on Thursday, supported by a weak dollar amid weak trading due to the holiday season, but prices moved in a narrow range as market participants await economic data in search of more guidance. Gold in instant transactions rose 0.2 percent to $ 1818.40 an ounce by 0225 GMT. …

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• 22 December 2022 10:41 am

  Oil rises thanks to the decline in US inventories amid a winter storm

  

  Oil prices rose on Thursday for the fourth consecutive day as inventories of crude, heating oil and jet fuel grew tighter in the United States as a winter storm swept the country and travel was set to pick up for the holiday season. And by 0422 GMT, Brent crude futures …

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• 22 December 2022 4:25 am

  Market Drivers – US Session 21/12/2022

  

  Gold price could be best teller of market drivers’ story on Wednesday. Gold price remains on its direct way to snap two-week uptrend. The US data reinforce the dollar’s recovery but firmer sentiment is sufficient to keep gold buyers hopeful.Economic DataOn Wednesday, US Conference Board’s Consumer Confidence jumped to the …

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• 22 December 2022 3:46 am

  Germany’s finance ministry expects stumbling economic activity over winter

  

  Germany’s finance ministry expects activity in Europe’s biggest economy to remain subdued during the fourth quarter of this year and first quarter of next and sees declining inflation rates during 2023, it said in its monthly report per Reuters.The EUR/USD pair is still unchanged around 1.0600, paying little attention to …

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• 22 December 2022 3:29 am

  How long can gold benefit from firmer market sentiment?

  

  Gold price remains on its direct way to snap two-week uptrend. The US data reinforce the dollar’s recovery but firmer sentiment is sufficient to keep gold buyers hopeful.US Gross Domestic Product is expected to confirm initial forecasts for Q3, suggesting further uptrend for the Gold Index, meanwhile, the several news …

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• 21 December 2022 10:52 pm

  bitcoin Can Bitcoin hold above $17,000 before new year?

  

  Bitcoin is trading at $16764 at the time of writing. The most famous cryptocurrency is struggling below $17,000 as the new year draws nearer. BTC fades a bit with some profit-taking. Simultaneously, US stocks are in the green territory and provide more tailwinds and help Bitcoin traders build up considerable …

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• 21 December 2022 9:58 pm

  Core PCE expectations by five major banks

  

  The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure will be published on Friday, December 23 at 13:30 GMT and as markets get closer to the release time, economists and researchers of five major banks have provided their following expectations concerning the upcoming reading.The market expectation is for the …

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• 21 December 2022 8:54 pm

  US stocks surge as Wall Street strives from selloffs

  

  US stocks moved higher during early Wednesday’s US session as Wall Street witnessed strong earnings from Nike and FedEx. These earnings boosted investors looking to fight back recent extensive selling. The S&P 500 rose 1.1%, while futures on the Dow Jones Industrial Average jumped more than 400 points, or 1.3%. …

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• 21 December 2022 8:01 pm

  Existing Home Sales decline by 7.7% in November

  

  THE Existing Home Sales Index in the US fell sharply in November. US Dollar Index is still clinging to small daily gains slightly above 104.00.Existing Home Sales in the US declined by 7.7% in November to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors reported …

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• 21 December 2022 7:03 pm

  US Consumer Confidence improves to 108.3 in December

  

  The CB Consumer Confidence Index in the US rose in December. The US Dollar Index retreats toward 104.00 in the US trading session.Consumer sentiment in the US continued to improve in the US with the Conference Board’s Consumer Confidence Index rising to 108.3 from 101.4 in November. This reading came …

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• 21 December 2022 5:43 pm

  Yen is holding on to big gains after a sudden change in the Bank of Japan’s policy

  

  The yen stabilized on Wednesday after jumping nearly 4 percent in the previous session when the Bank of Japan unexpectedly revised one of its key policies, giving government bond yields an opportunity to rise. The Bank of Japan revised its yield curve control policy on Tuesday while leaving its broader …

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• 21 December 2022 5:42 pm

  Gold is locked in a narrow range as traders await economic data

  

  Gold prices fell on Wednesday in a narrow range in light of the rise of the dollar, but the precious metal did not move far from the highest level in a week, which it recorded in the previous session, amid anticipation of economic data to be published during the current …

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