Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 3 December 2022 5:36 am

  Market Drivers – US Session 02/12/2022

  

  The weaker US dollar and risk aversion were in news headlines most of the time during Friday’s US trading session. The positive employment report on the United States suggested the Fed might need to keep hiking rates to ease a contracted labour market, though it failed to reinforce the US …

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• 3 December 2022 2:34 am

  USD/CHF shows passive performance in volatile session

  

  The US dollar has maintained its weak performance on Friday despite the positive Nonfarm Payrolls data. The USD/CHF pair hit a daily high following the key data.The USD/CHF is trimming some of its earlier losses and prior gains in the US volatile trading session, spurred by a buoyant US Nonfarm …

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• 3 December 2022 1:08 am

  Oil ETFs fall following EU’s price cap on Russian oil

  

  Friday witnessed losses of both ProShares Ultra Bloomberg Natural Gas and the US Natural Gas Fund by almost 13% and 6.6%, respectively, during midday trading. Two of the largest energy-focused ETFs, the Energy Select Sector SPDR Fund and the  iShares U.S. Oil & Gas Exploration & Production ETF , both …

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• 3 December 2022 12:22 am

  BoE sells GBP 1.4 bln of long-dated and index-linked bonds

  

  The Bank of England sold GBP 1.412 billion of long-dated and index-linked gilts on Friday, taking to 3.65 billion pounds the total volume of gilts it has sold since starting to unwind earlier emergency purchases on Tuesday.Friday’s sale was the third this week, as the BoE looks forward to unwinding …

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• 2 December 2022 10:33 pm

  Oil price steadies ahead of Russian oil cap enactment, OPEC+ meeting

  

  Oil future contracts changed a little bit during the choppy trading session on Friday ahead of the meeting of OPEC+ scheduled for Sunday and an EU ban on Russian crude which will come in force as of Monday, December 5.WTI crude futures rose 11 cents, or 0.1%, to $81.35 per …

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• 2 December 2022 9:22 pm

  Fed’s Evans expects higher peak rate despite slower hiking

  

  Chicago Fed President Charles Evans said on Friday “We are probably going to have a slightly higher peak to Fed policy rate even as we slow pace of rate hikes,”, as reported by Reuters.Evans noted that policymakers are “on a path to getting financial conditions appropriately restrictive to bring inflation …

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• 2 December 2022 8:31 pm

  Wall Street Edges Lower On NFP Data

  

  Wall Street’s main indexes opened lower on Friday as better-than-expected job additions in November poured cold water on investor expectations of the Fed its aggressive monetary policy tightening.The Dow Jones Industrial Average fell 129.6 points, or 0.38%, at the open to 34265.45. The S&P 500 fell 36.4 points, or 0.89%, …

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• 2 December 2022 7:34 pm

  GBP/USD poised for additional weakness on positive NFP data

  

  The GBP/USD pair retreated from around 1.2290s close to 100 pips after the release of better-than-expected labour market report in the United States, suggesting that further central bank tightening will be required.However, after the US employment report, the GBP/USD is trading around 1.2210s, after traveling towards its daily low of …

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• 2 December 2022 5:55 pm

  US Nonfarm Payrolls rise by 263,000 in November

  

  Nonfarm Payrolls in the US rose by 263,000 in November, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading came in much higher than the market expectation of 200,000. October’s reading got revised higher to 284,000 from 261,000. Further detail of the publication revealed …

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• 2 December 2022 5:11 pm

  The dollar is near a 16-week low, and the yuan is heading for its biggest weekly gain since 2005

  

  The dollar settled near its lowest level in 16 weeks against a basket of major currencies on Friday, ahead of key data related to the labor market in the United States, while the yuan is heading to record its biggest weekly gain since China revalued its currency in 2005. The …

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• 2 December 2022 3:01 pm

  European stocks are heading for gains for the seventh week

  

  European stocks seem to be heading for gains for the seventh week in a row amid easing fears of tightening monetary policy globally. However, stocks fell on Friday ahead of the release of US jobs data. The pan-European Stoxx 600 index fell 0.5 percent after two days of strong gains. …

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• 2 December 2022 1:17 pm

  Oil prices fluctuated with the expectation of easing Corona restrictions in China

  

  Oil prices witnessed volatile performance on Friday, as hopes for further easing of Coronavirus restrictions in China and the subsequent recovery in demand in the world’s second-largest economy boosted market sentiment, but the rise of the dollar limited the gains. Brent crude futures fell 1 cent, or 0.01%, to $86.87 …

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• 2 December 2022 11:57 am

  US NFP Preview

  

  The US Bureau of Labor Statistics (BLS) will release the November jobs report on Friday, December 2 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming employment data. Expectations are for …

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