Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 29 November 2022 8:43 pm

  Deutsche Bank Expects Germany’s core inflation dynamics to remain strong for now

  

  Preliminary data released on Tuesday indicated that a larger-than-expected decline in annual inflation in Germany to 10%. According to Sebastian Becker, Senior Economist at Deutsche Bank, the downward surprise is largely explained by the unexpected energy price drop. He warns that core inflation dynamics might remain strong for now.Key Quotes: …

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• 29 November 2022 7:47 pm

  Bailey: no monetary reason forces BoE to enact reserves shake-up

  

  The BoE’s governor, Andrew Bailey said on Tuesday there was no monetary policy reason to reduce or restructure the way the UK central bank pays interest on its reserves held by commercial banks.“In my view, there is not a monetary reason, a monetary policy reason that is, for varying that. …

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• 29 November 2022 7:25 pm

  US Consumer Confidence declines in November

  

  The Conference Board published fresh Consumer Confidence Index data on Tuesday showing a decline to 100.2 in November from (revised from 102.5) 102.2 in October.Similarly, the Present Situation Index edged lower to 137.4 versus the previous reading at 138.9. in addition, the Expectations Index fell to 75.4 from 78.1 in …

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• 29 November 2022 7:06 pm

  Wall Street spends $1.8 billion to spy on Traders after record fines

  

  Wall Street spends more than ever on technology designed to keep an eye on traders after regulators extracted record fines from several banks worldwide for confronting lapses in monitoring communications. The industry will spend about $1.8 billion on surveillance technology in 2022, up by 20% from 2021, according to Coalition …

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• 29 November 2022 6:00 pm

  Annual CPI declines to 10% in November

  

  As measured by the Consumer Price Index (CPI), Inflation in Germany declined to 10% yearly in November from 10.4% in October. This reading came in lower than the market expectation of 10%. Monthly, the CPI declined 0.5%. Meanwhile, the Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) …

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• 29 November 2022 4:47 pm

  Chinese President: China is willing to forge a closer partnership with Russia on energy issues to ensure global energy security

  

  Chinese President Xi Jinping said Tuesday, November 29, that China is ready to forge a closer partnership with Russia on energy issues to ensure global energy security, while the Group of Seven major countries are preparing to impose new measures on Russian oil exports. “China is ready to work with …

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• 29 November 2022 2:12 pm

  Dollar falling against a basket of currencies, yuan rising, amid hopes of easing Corona restrictions in China

  

  The dollar fell against a number of other currencies on Tuesday, and lost some of the gains it recorded at the end of the previous session, amid growing concerns due to the restrictions to combat the Corona virus in China. The dollar index, which measures the greenback against a basket …

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• 29 November 2022 1:04 pm

  Gold rises with the decline USD

  

  Gold prices rose on Tuesday, supported by a weak dollar, as investors await more clarity on the Federal Reserve’s position regarding raising interest rates. Spot gold rose 0.7 percent to $1,753.34 an ounce at 0651 GMT. US gold futures rose 0.7 percent to $1,752.60. Bullion prices fell about 1 percent …

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• 29 November 2022 1:03 pm

  The Nikkei closed at its lowest level in a week on Chinese growth concerns

  

  Japan’s Nikkei closed at its lowest level in a week on Tuesday, as COVID-19 protests in several Chinese cities raised concerns about economic growth. The Nikkei fell 0.48 percent to close at 28,027.84, the lowest level since November 21, while the broader Topix index lost 0.57 percent to 1,992.97. US …

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• 29 November 2022 4:37 am

  Dallas Fed Manufacturing Index’s Mixed Messages

  

  On the surface everything revealed by Monday’s Dallas Fed Manufacturing Index reading is pointing in the direction the Federal Reserve wants to see. Employment is cooling and inflation pressures are giving signals fading, though, in reality, this is not the case with the US economy at large.In reality, order volumes …

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• 29 November 2022 4:19 am

  Market Drivers – US Session 28/11/2022

  

  The US session has been a big arena for volatility with beginning of the trading week. The US dollar has managed to edge higher up to 106.74 on Monday, slightly recovering from a three-and-a-half month low of 105.32 as investors are concerned about the pro global economic slowdown and the …

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• 29 November 2022 2:20 am

  Fed’s Brainard: Successive supply shocks a challenge for central banks

  

  “The successive shocks to global supply chains from the pandemic and the war in Ukraine could ‘herald a shift’ to an era of more volatile inflation and force central banks to guard against it with tighter monetary policy,” Fed vice chair Lael Brainard said in remarks released on Monday by …

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• 29 November 2022 12:47 am

  EUR/USD extends risk-off decline towards support territories

  

  At the time of writing, EUR/USD is down some 0.29% falling to a low of 1.0338; sliding from a higher of 1.0496. Risk currencies, such as the Euro are under considerable pressure as protests against COVID restrictions in China weighed on the overall market sentiment.The violent protests in major Chinese …

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