Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 7 November 2022 11:57 pm

  Gold benefits from US dollar’s slide ahead of CPI data

  

  Gold prices steadied on Monday near a three-week peak hit in the previous session, buoyed by a weaker dollar, while investors looked forward to U.S. inflation data later this week that could influence the size of Federal Reserve rate-hike.At the time of writing, the precious metal is trading at $1676.25. …

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• 7 November 2022 10:38 pm

  ECB’s Kazaks: There is no pivot

  

  The European Central Bank’s Martins Kazaks said ”there is no pivot, we still say that inflation is a problem, and we will keep raising rates.”Kazaks has recently said that the ECB must raise interest rates much further, but that it is impossible to say how far because economic uncertainty is …

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• 7 November 2022 9:28 pm

  WTI rallies as US dollar impacted by risk-on

  

  American crude oil rallies and trades at $92.24, benefiting from the US dollar which is losing ground. WTI prices resumed the upward trend that started on Friday as the US crude oil bounced up from levels right above $90 on the early trade, to reach levels past $93 for the …

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• 7 November 2022 8:34 pm

  Republicans’ victory historically meant good news for US stocks

  

  This week will witness markets focusing on Tuesday’s US mid-term elections on. Economists at Société Générale expect equities to go up if the Republicans win control of both the Senate and the House.Victory for the Republicans GOP could have negative ramifications for the Euro. The US midterms could have an …

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• 7 November 2022 7:42 pm

  USD/CAD retreats amid risk appetite, Canadian jobs data

  

  The USD/CAD pair dropped after hitting the 1.3800 weekly high last week, falling by almost 2.50%. At the time of writing, the USDCAD is trading at 1.3505, down by 0.22%.The US jobs data was mixed, though a higher unemployment rate could push the brakes of the aggressive Fed’s rate hiking …

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• 7 November 2022 7:07 pm

  Roblox Stock Fell 5% Before Earnings For This Reason

  

  Roblox is expected to report earnings on Wednesday, and investors are getting ready for foreseen disappointment.Roblox warned investors last month that bookings were down roughly 7% to 10% per user in September. In the case of Roblox, “bookings” basically means customer purchases of Robux virtual currency, to spend later in …

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• 7 November 2022 5:03 pm

  The dollar fell against the euro and sterling amid appetite for riskier assets

  

  The dollar fell on Monday against the euro and the British pound, amid an improved appetite for riskier assets and a rally in the European stock market. Monday’s survey showed investor sentiment in the eurozone improved in November for the first time in three months, reflecting hopes that a recent …

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• 7 November 2022 4:01 pm

  Oil stabilizes below $100 a barrel after Chinese data

  

  Oil prices stabilized Monday, November 7, hovering around $100 a barrel, as support from a weaker dollar and a recovery in Chinese crude imports were offset by renewed demand concerns linked to China’s tough approach to containing the coronavirus. By 10:26 GMT, Brent crude futures rose 6 cents, or 0.06%, …

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• 7 November 2022 2:51 pm

  The dollar rises as China sticks to its strict policy to contain Covid

  

  The dollar rose on Monday as sentiment deteriorated after China said it was sticking to its strict curbs on the coronavirus, dashing hopes of the imminent reopening of the world’s second-largest economy that earlier recorded a massive rebound in risky assets. China said at the weekend that it would continue …

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• 7 November 2022 1:40 pm

  European shares open lower as mining and luxury goods stocks fall

  

  European shares opened lower on Monday, with mining and luxury stocks tumbling after hopes that China would ease its strict COVID-19 restrictions earlier this week faded. The pan-European STOXX 600 index fell 0.5% by 0805 GMT, after a string of gains that extended for four consecutive weeks. Shares of European …

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• 7 November 2022 12:46 pm

  Oil prices fall after China confirms commitment to a strict anti-Corona policy

  

  Oil prices fell more than 2% in early Asian trading on Monday after Chinese officials affirmed over the weekend their commitment to a tough approach to containing the Corona virus, dashing hopes of a recovery in oil demand in the world’s largest importer of crude. Brent crude futures fell $1.58, …

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• 7 November 2022 4:29 am

  Financial Markets’ Weekly Recap October 31 – November 4

  

  Significant events dominated price action across global financial markets last week, including Fed’s rate decision and US NFP data, namely the most important events of the monthFOMC Decision, US Rate Hike The Fed raised interest rates by 75 points last week, bringing the accumulative key rate to 4.00%, after raising …

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• 5 November 2022 3:25 am

  Market Drivers – US Session 04/11/2022

  

  The US dollar fell on Friday after the release of the country’s nonfarm payrolls report for October. The latest NFP reading indicated that the world’s largest economy created more new jobs than expected, but also flashed other signs of economic slowdown with a higher unemployment rate and lower wage inflation.The …

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