Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 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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• 14 November 2022 2:51 pm

  European shares open higher thanks to mining stocks

  

  European shares rose on Monday as mining stocks rose on hopes of rising demand from China, while caution prevailed after a top policymaker at the Federal Reserve said the bank would not “relax” its fight against inflation. The pan-European Stoxx 600 index rose 0.1 percent by 0811 GMT, after posting …

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• 14 November 2022 2:25 pm

  Oil gives up gains on rising COVID-19 cases in China and dollar’s strength

  

  Oil prices pared their previous gains and fell Monday, November 14, affected by the rise in the dollar and the increase in Corona virus infections in major Chinese cities, which dashed hopes of reopening the economy of the world’s largest importer of crude. Brent and US West Texas Intermediate crude …

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• 14 November 2022 1:20 pm

  Oil prices rise, supported by hopes of increasing Chinese demand

  

  Oil prices rose about 1 percent on Monday, extending gains from the previous session, as China eased some of its strict protocols to combat the Coronavirus, raising hopes of a recovery in economic activity and demand in the world’s largest importer of crude. Brent crude and US West Texas Intermediate …

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• 14 November 2022 12:36 pm

  Nikkei falls from two-month highs

  

  Japan’s Nikkei closed lower on Monday after hitting a two-month high in the previous session, as investors booked profits and market heavyweight SoftBank Group fell after its investment arm Vision Fund reported another big quarterly loss. The Nikkei index closed down 1.06 percent to 27,963.47 points, while the broader Topix …

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• 14 November 2022 11:54 am

  Gold retreats from three-month high as dollar rises

  

  Gold prices fell on Monday from a three-month high reached in the previous session as the dollar and US bond yields rose after a senior Federal Reserve official warned that the board was not easing its fight against inflation. And the price of gold in spot transactions 0.5 percent to …

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• 14 November 2022 7:45 am

  Financial Markets’ Weekly Recap 6 – 11 November

  

  Britain’s economy contracted in the three months to September at the start of what is likely to be a prolonged recession, adding to the challenges facing Chancellor Jeremy Hunt as he prepares to raise taxes and cut spending. Official data on Friday showed Britain’s economy shrank 0.2 percent in the …

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• 12 November 2022 3:23 am

  Market Drivers – US Session 11/11/2022

  

  Global stocks rallied on Friday for a second day on hopes cooler US inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years.Economic DataMSCI’s all-country world index rose 1.91%, lifting it to its …

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