Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 16 December 2022 12:23 am

  Oil edges lower on QT decisions, global recession concerns

  

  Crude prices edged lower on accelerating fears linked to global recession risks after another wave of central banks’ decisions regarding quantitative tightening. This is why oil’s latest rally faded as risk aversion grows wilder.The stronger US dollar makes oil more expensive for those using other currencies. Oil prices slid about …

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• 15 December 2022 10:43 pm

  GBP/USD retreats after BoE’s dovish hike

  

  The Pound Sterling is losing ground against the US dollar even after the BoE lifted rates by 0.50%, a hike that is generally looked upon as dovish. US Retail Sales data for November is disappointing though it indicated the effects of the Fed’s policy.The GBP/USD pair’s decline towards the confluence …

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• 15 December 2022 9:25 pm

  EUR/GBP surges on dovish BoE, hawkish ECB

  

  The Euro is soaring more than 100 pips against the Pound Sterling. ECB’s Lagarde opened the door for further 50 bps rate hikes in subsequent meetings. At the time of writing, the Euro has gained traction against the Pound Sterling (GBP) and is trading at 0.8705, above its opening price …

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• 15 December 2022 8:36 pm

  What does retail sales data reflect about US economy?

  

  US retail sales fell more than expected in November, but consumer spending is still supported by a tight labour market, with the number of Americans filing for unemployment benefits decreasing by the most in five months last week. The biggest decrease in retail sales in 11 months reported by the …

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• 15 December 2022 7:28 pm

  Does BoE’s hike sufficiently supports the pound?

  

  As expected, the BoE raised interest rate by 50 bps to 3.50%. The BoE is seen as having provided no sufficient support for GBP to climb according to some economists.As broadly expected, the BoE hiked 50 bps to 3.50% and signaled that more hikes are likely. The vote was biased …

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• 15 December 2022 5:47 pm

  US: Weekly Initial Jobless Claims decline to 211K

  

  There were 211,000 initial jobless claims in the week ending December 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 231,000 (revised from 230,000) and came better than the market expectation of 230,000. Further details of …

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• 15 December 2022 4:15 pm

  BOE hikes policy rate by 50 bps to 3.5% as expected

  

  Following its December policy meeting, the Bank of England (BoE) announced that it raised the policy rate by 50 basis points (bps) to 3.5% as expected. The vote was 6-3 in favor of the rate decision. Two members, Tenreyro and Dhingra, voted to keep rates at 3% while Mann voted …

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• 15 December 2022 2:44 pm

  Gold is falling as the Fed confirms the path of raising interest rates

  

  Gold prices fell by nearly 1% Thursday, December 15th, after Jerome Powell, Chairman of the Federal Reserve, said that next year will witness more interest rate hikes. Gold in spot transactions fell 0.9% to $1791.23 an ounce, further retreating from the peak of more than 5 months that it recorded …

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• 15 December 2022 12:59 pm

  BoE Preview: 50 bps hike?

  

  The Bank of England (BoE) is likely to return to its conservative stance in the final meeting of this year, having delivered its biggest rate hike in 33 years in November. The BoE will announce its interest rate decision at 12:00 GMT this Thursday, accompanied by the Minutes of the …

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• 15 December 2022 12:54 pm

  SNB raises rates by 50 bps from 0.50% to 1.0%

  

  The Swiss National Bank (SNB) raised its benchmark sight deposit interest rate by 50 basis points (bps) to 1.0% from 0.50% previous, as widely expected. At the December policy meeting, the SNB hiked rates for the third consecutive meeting, summing up to a total of 175 bps of rate increases …

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• 15 December 2022 12:52 pm

  European stocks are falling, eyes on ECB

  

  European stocks fell on Thursday as investors anxiously awaited the European Central Bank’s interest rate decision, a day after the US Federal Reserve hinted it would continue to raise interest rates. The pan-European Stoxx 600 index was down 0.9 percent at 0810 GMT. The European Central Bank is widely expected …

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• 15 December 2022 3:15 am

  Market Drivers – US Session 14/12/2022

  

  The Fed decided a 50-basis point rate hike as expected, while the policy statement was closer to a copy of the previous one. The US central bank is still adopting reserved language about the possibility of recession, but with most Fed officials considering downside risks, it is fair to say …

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• 15 December 2022 2:06 am

  What Is Wall Street Saying About Fed’s Latest Rate Hike

  

  Investors are busy analyzing the potential levels of the Fed’s hawkishness. They are also digesting Wednesday’s speech by Fed Chair Jerome Powell. Fed officials projected that rates will rise at least another half a percentage point next year. That was enough to impact US stocks that became lower and at …

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