Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 16 November 2022 9:07 pm

  BoE’s Dhingra: Additional rate hikes could deepen UK recession

  

  BoE’s Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs beyong the present level.“You could think of getting into a much deeper, much longer recession if rates continue to rise because there is already about a fairly sizeable …

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• 16 November 2022 8:05 pm

  ECB’s Vice President: Will do ‘whatever is necessary’ to get inflation to 2%,

  

  On Wednesday, ECB Vice President Luis de Guindos said the central bank needed to keep inflation expectations anchored. In a report published Wednesday, the ECB said households and businesses were under pressure from high rates, a poor economic outlook and monetary tightening; but government support needed to be “targeted.”De Guindos …

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• 16 November 2022 7:03 pm

  Fed’s Williams: Monetary policy not best tool to address financial stability risks

  

  On Wednesday, the US Dollar Index continues to erase its daily losses following the comments by important Fed and was last seen losing 0.17% on the day at 106.38.New York Federal Reserve President John Williams said that the monetary policy is not the best tool to address financial stability risks, …

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• 16 November 2022 5:29 pm

  US Industrial Production Preview

  

  US October Industrial Production will be reported on Wednesday, November 16 at 14:15 GMT and is expected at 0.2% month-on-month vs. 0.4% in September. Here you can find the expectations as forecast by the economists and researchers of three major banks regarding the upcoming data. Citibank “Industrial Production should rise …

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• 16 November 2022 3:16 pm

  The dollar’s gains fade on the missile explosion in Poland

  

  On Wednesday, the dollar hit just over multi-month lows against most major currencies, as flows supporting the safe-haven currency slowed after US President Joe Biden said a missile that caused an explosion in Poland may not have been launched from Russia. NATO allies Poland and Ukraine said on Tuesday that …

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• 16 November 2022 2:45 pm

  API: US oil stocks fell by 5.8 million barrels

  

  The American Petroleum Institute said that oil inventories fell by 5.8 million barrels in the week ending on the eleventh of November. The American Institute stated in its weekly report that gasoline stocks rose by 1.7 million barrels, and distillate stocks rose by 850 thousand barrels. Today, Wednesday, the US …

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• 16 November 2022 1:30 pm

  European shares opened lower

  

  European stocks opened slightly lower on Wednesday, November 16th, with Mercedes-Benz Group leading the decliners in the auto sector, while an explosion in Poland kept sentiment weak and pushed defense stocks higher. The Stoxx Europe 600 Index lost 0.2%. Mercedes-Benz shares fell 3.5% after a report said that the German …

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• 16 November 2022 12:38 pm

  The Nikkei closed higher as fears of an escalation in the Ukraine crisis dissipated

  

  Japan’s Nikkei index recovered losses to end higher on Wednesday, after fears of an escalation in the Ukraine crisis faded after US President Joe Biden said an explosion in NATO member Poland may not have been caused by a missile fired from Russia. The Nikkei index increased by 0.14 percent, …

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• 16 November 2022 3:41 am

  Market Drivers – US Session 15/11/2022

  

  Most financial assets witnessed a seemingly volatile US trading session on Tuesday. Optimism and fears constituted a fantastic mix that was seemingly obvious throughout the day. The US dollar fell to fresh monthly lows against most major rival currencies ahead of Wall Street’s opening but eventually managed to post a …

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• 16 November 2022 2:44 am

  Anti-OPEC Trend Could Shock Oil Markets

  

  As early as the beginning of 2022, the-then Italian PM Mario Draghi suggested a dangerous idea that large oil buyers could form a new club or sort of forum together and challenge OPEC+. The idea did not take further steps into reality because one obvious problem could not be ignored, …

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• 16 November 2022 1:53 am

  US Stocks Close Higher on PPI Data,

  

  Wall Street closed higher on Tuesday as investors maintained positive sentiment about additional signals that US inflation is easing and amid good earnings reports, but retreated from the day’s high after reports of a missile strike in Poland.NATO and the Pentagon said they were looking into unconfirmed reports that two …

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• 16 November 2022 1:16 am

  Bezos’ top tips to face recession go viral

  

  Amazon founder Jeff Bezos has advised consumers and businesses of postponing large purchases in the coming months as the global economy contends with a downturn and faces a most possible recession.Bezos offered his simplest advice on a uncertain economy in an exclusive sit-down interview with CNN. Bezos also urged people …

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• 16 November 2022 12:29 am

  Zelenskyy slams missile strikes on NATO territory

  

  Ukrainian President Volodymyr Zelenskyy said the Russian missile strikes on NATO territory are ‘a significant escalation, action is needed’.A Russian missile barrage on the Ukrainian power grid sent the war spilling over into neighboring countries Tuesday, hitting NATO member Poland and cutting electricity to much of Moldova.The strikes plunged much …

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