Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 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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• 21 December 2022 3:26 pm

  The Russian ruble fell to its lowest level against the dollar since May

  

  The Russian ruble fell to its lowest level since early May, crossing 70 to the dollar on Wednesday, bringing its monthly losses to nearly 14 percent, amid fears of sanctions imposed on Russian oil and gas. And by 0939 GMT, the ruble fell 2.5 percent against the dollar, recording 70.60, …

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• 21 December 2022 2:09 pm

  Gold is falling as the dollar regains some strength

  

  Gold prices fell on Wednesday, after hitting a one-week high in the previous session, on the back of the dollar regaining some strength, which makes bullion priced in the US currency more expensive for buyers abroad. Spot gold fell 0.2 percent to $1,813.55 an ounce by 0623 GMT, after rising …

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• 21 December 2022 12:33 pm

  Japanese government bond yields are rising and stocks are falling

  

  Yields on Japanese government bonds rose and the Nikkei fell on Wednesday after the Japanese central bank surprised the markets on Tuesday with a change in its policy to control the yield curve. The benchmark 10-year government bond yield jumped seven basis points to 0.480%, its highest since July 2015 …

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• 21 December 2022 11:24 am

  US stocks decline

  

  Market sources, citing data from the American Petroleum Institute, said on Tuesday that US crude oil inventories fell last week, while gasoline and distillate inventories rose. The sources said that crude stocks fell by about 3.1 million barrels in the week ending December 16. Gasoline stocks increased by about 4.5 …

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• 21 December 2022 10:54 am

  Oil prices stabilize after falling US stockpiles overshadow Covid fears in China

  

  Oil prices were little changed on Wednesday, as concerns about rising COVID-19 cases in China, the world’s largest oil importer, were offset by a larger-than-expected draw in US crude inventories. Brent crude futures rose seven cents, or 0.1 percent, to $80.06 a barrel by 0404 GMT, while US West Texas …

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• 21 December 2022 1:19 am

  Is it Gold’s Lucky Day After BoJ’s Surprise Decision?

  

  Gold is trading at $ 1818.31 per ounce at the time of writing versus the previous closing price at only $1787.30 on Monday. Gold price is making tracks to the upside despite the Bank of Japan’s surprise relaxation on the yield of its 10-year bonds (JGBs).US Dollar is sinking while …

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• 21 December 2022 12:16 am

  What is behind US stocks’ recovery on Tuesday?

  

  The major US benchmarks are trading up as investors buy ahead of new year holidays. The major US Indexes are moving higher on Tuesday as stocks struggle to hold their gains ahead of the Christmas. However, the limited rebound is considered as a sign that New Year’s Rally is imminent.Equities …

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• 20 December 2022 10:47 pm

  GBP/USD Heading to strongest gain in one quarter since 2009

  

  The GBP/USD is approaching a quarterly peak as market emphasis is currently on a test of 1.2080 for the coming sessions.If the bears fail to break this level of support, then a meaningful correction to the upside will be on the cards. The GBP/USD pair is still on the backside …

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• 20 December 2022 10:09 pm

  GBP/JPY declines to lowest level since September

  

  The Japanese Yen is soaring across the board after the Bank of Japan’s rate decision. The GBP/JPY pair cross is losing more than 700 pips on Tuesday amid rallying yen following the BoJ’s monetary policy announcement. BoJ’s rate decision also raised the upper range of its yield curve control of …

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• 20 December 2022 8:58 pm

  Atlanta Fed GDPNow for Q4 declines to 2.7%

  

  According to the Federal Reserve Bank of Atlanta’s GDPNow model, the growth of the US economy is expected to record an annualized rate of 2.7% in 2022’s fourth quarter, slightly down from 2.8% in previous estimates.“After this morning’s housing starts report from the US Census Bureau, the nowcast of fourth-quarter …

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