Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 27 December 2022 10:41 pm

  WTI crude price benefits from Putin’s ban on oil supply

  

  Crude oil prices are up on Tuesday, helped by the ruling optimism that pushes most stock markets into the gain territory.China has also eased covid-related restrictions, as the local government puts the focus on economic growth, and this consequently boosted the overall market sentiment. Some news agencies report that the …

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• 27 December 2022 9:44 pm

  USD/CAD retreats to the lowest level in three weeks

  

  The Canadian dollar is outperforming during the US session on rebounding WTI crude price, and so Canada’s currency approaches daily highs.As Wall Street trims losses, US yields print fresh highs, the USD/CAD pair is hovering around 1.3510 after hitting at 1.3484, the lowest level in three weeks, amid a significant …

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• 27 December 2022 8:29 pm

  US: International trade deficit declines to $83.3 billion in November

  

  International trade deficit of the US declined by $15.5 billion in October while the US Dollar Index is hovering around 104.22 after the data, showing no immediate reaction to this report. The data published by the US Census Bureau revealed on Tuesday that the US international rate deficit declined by …

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• 27 December 2022 7:37 pm

  US home price index falls less than expected in October

  

  According to the S&P CoreLogic Case-Shiller Home Price Index released on Tuesday, US home prices continued its downtrend in October for the fourth straight months. The US Dollar Index showed no immediate reaction to these figures and was last seen losing 0.05% on the day at 104.26. Seasonally adjusted HPI …

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• 27 December 2022 4:41 pm

  Oil records the highest level in 3 weeks due to the easing of Covid restrictions in China

  

  Oil hit a three-week high on Tuesday after the latest easing of COVID-19 restrictions in China spurred hopes of a recovery in fuel demand and additional support from a cut in energy production in the United States due to winter storms. The National Health Commission said on Monday that China …

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• 27 December 2022 1:57 pm

  European stocks rise amid optimism about the prospects for the Chinese economy

  

  European stocks rose on Tuesday, tracking a global rally in stocks after China eased COVID-19 restrictions, raising hopes for a recovery in the world’s second-largest economy. The pan-European STOXX 600 index rose 0.6 percent after the long Christmas weekend. It had lost about 12 percent since the beginning of the …

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• 27 December 2022 12:58 pm

  Gold rises as the dollar’s decline enhances the attractiveness of the yellow metal

  

  Gold prices rose on Tuesday, as a weaker dollar made bullion in which it is priced less expensive for overseas buyers despite thin trading after the long Christmas weekend. Gold rose 0.4 percent to $1,804.99 an ounce at 0546 GMT. US gold futures rose 0.4 percent to $1,811.90. The dollar …

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• 27 December 2022 12:19 pm

  Nikkei index hits the highest level in a week, with the rise of retail stocks

  

  Japan’s Nikkei share average touched a one-week high on Tuesday amid big gains in retail stocks after Takashimaya raised its earnings forecast and amid hopes for the return of high-spending Chinese tourists. The financial sector stocks also continued their strong performance after the sudden decision of the Bank of Japan …

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• 26 December 2022 11:44 pm

  Why is ECB’s latest move looked upon as kamikaze rate hike?

  

  Some observers have described the ECB’s latest policy decision as “kamikaze” and said it would lead the Eurozone to a prolonged recession.Europe’s central bank decided to raise interest rates in the Eurozone, and this is likely to lead to a collapse of the Euro and to a severe economic crisis …

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• 26 December 2022 9:25 pm

  OPEC praises Libya’s role in global oil market

  

  OPEC Secretary-General Haitham Al-Ghais has congratulated the Libyan people on the 71st anniversary of the national Independence Day. Al-Ghais stated that OPEC has benefited from Libya’s contribution during the past years, since the signing of the cooperation agreement in 2016, as well as by combating the Corona virus 2020. He …

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• 26 December 2022 7:46 pm

  What is behind the current Yen’s Strength?

  

  The latest announcement by the Bank of Japan (BOJ) to modify its so-called Yield Curve Control framework immediately created a state of chaos in the currency markets.The announcement by the BoJ at one of the most illiquid times of the day. It also occurred during one of the most illiquid …

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• 26 December 2022 11:30 am

  Japanese stocks closed higher thanks to gains on Wall Street

  

  Japanese stocks closed higher on Monday, supported by the rise of Wall Street in the last session, and the stocks of technology and energy companies topped the gainers, while the market was affected by the decline in stocks of banks and insurance companies. The Nikkei index rose 0.65 percent to …

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• 26 December 2022 10:41 am

  Russia is ready to resume gas supplies to Europe via the Yamal-Europe pipeline

  

  Russian Deputy Prime Minister Alexander Novak told the official Tass news agency that Moscow is ready to resume gas supplies to Europe through the Yamal-Europe pipeline. “The European market is still important with the continued gas shortage, and we have every opportunity to resume supplies,” TASS quoted Novak as saying …

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