Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 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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• 20 December 2022 8:03 pm

  FTX founder agrees to be extradited to the United States

  

  Former FTX CEO has agreed to be extradited to the United States, but Sam Bankman-Fried also announced that he wanted to see the accusation statement filed against him in New York before agreeing to extradition.FTT price noted a 7.7% decline in the last 24 hours, recording fresh lows around $0.860. …

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• 20 December 2022 7:04 pm

  Canada’s Retail Sales Rise Above Expectations

  

  Retail Sales in Canada, for October, unexpectedly surged, however, the USD/CAD pair is trading in negative territory, holding slightly above 1.3600. Retail Sales in Canada rose by 1.4% on a monthly basis in October following September’s 0.6% decline, the data published by Statistics Canada revealed on Tuesday. The latest reading …

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• 20 December 2022 2:59 pm

  European stocks are at their lowest level in two and a half months

  

  European stocks fell on Tuesday, dragged down by declines in real estate and technology stocks, after Japan’s central bank rattled global markets with a sudden policy shift that would allow long-term interest rates to rise further. The pan-European Stoxx 600 index was down 0.9 percent by 0808 GMT, its lowest …

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• 20 December 2022 1:04 pm

  Japan’s Nikkei closes at its lowest level in two months

  

  The Japanese Nikkei index ended trading on Tuesday at its lowest level in two months, and the yield on government bonds for ten years recorded the highest rise in seven years, after the central bank surprised investors by allowing a hike in long-term interest rates. The Nikkei fell 2.46 percent …

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