Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 23 December 2022 1:12 pm

  Gold is confining to a narrow range as focus shifts to inflation data

  

  Gold prices moved in a narrow range on Friday in thin trade as cautious traders await economic data due later in the day to assess the Federal Reserve’s stance on an interest rate hike. By 0238 GMT, gold was stable at $1,792.80 an ounce. US gold futures rose 0.4 percent …

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• 23 December 2022 12:48 pm

  Japan’s Nikkei index closed lower, posting its biggest weekly decline since June

  

  Japan’s Nikkei closed lower on Friday, posting its biggest weekly drop since mid-June, and chip-related stocks led Friday’s declines, trailing their Wall Street counterparts on Thursday. Shipping stocks and other economically sensitive stocks also plunged amid fears that the Federal Reserve and other major central banks will continue to tighten …

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• 23 December 2022 3:09 am

  Market Drivers – US Session 22/12/2022

  

  The US dollar maintained shiny performance on Thursday on the expense of gold which blunged to $1,789 per ounce. Yet, the dollar is still trading within familiar levels against most of its major rival currencies.Economic DataThe US Department of Labour’s data indicated that 216,000 initial jobless claims were filed in …

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• 23 December 2022 2:39 am

  Oil retreats on fears linked to rate hiking, tighter US stockpiles

  

  Airlines cancelled nearly 2,000 US flights scheduled for Thursday and Friday in the United States, disrupting holiday travel for thousands and sending a bearish signal for travel fuel demand.Also keeping a lid on prices was a rising U.S. dollar and fall in equities, said Jim Ritterbusch of Ritterbusch and Associates, …

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• 23 December 2022 12:54 am

  US Senate passes $1.7 trillion government funding bill

  

  The US Senate voted, on Thursday, to approve a $1.7 trillion government funding bill and the related legislation is getting passed onto the House, ahead of the Friday night deadline in order to prevent partial federal government shutdown. The bill is meant to fund critical government operations and to provide …

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• 23 December 2022 12:19 am

  AXS price surges following Google Play Store review

  

  Axie Infinity (AXS) price is back in the green territory following a horrible week of hunting and calling for support. The bullish outlook in AXS follows the announcement by Axie team, one of the biggest play-to-earn (P2E) games, that the team’s their application has passed the difficult Google Play Store …

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• 22 December 2022 11:12 pm

  GBP/USD pressured by stronger US dollar

  

  The GBP/USD pair is under pressure due to the resurging US dollar that is being boosted from stronger-than-forecast US economic data, underpinning the hawkish Fed’s outlook and higher rate expectations for 2023.The Dollar Index (DXY), an index that measures the American currency against a basket of rival currencies has rallied …

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• 22 December 2022 10:08 pm

  Canada’s dollar gets weaker on fading stock market rally

  

  The Canadian dollar weakened 0.3% against the American counterpart on Thursday, meanwhile November’s flash estimate has indicated relatively higher wholesale trade by 1.9% and the price of WTI crude oil increases 1.1%. The USD/CAD is slightly changed on Thursday, trading at 1.3678 in the US session versus the previous closing …

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• 22 December 2022 8:39 pm

  Wall Street slides on positive US economic data

  

  Wall Street’s major indexes dropped on Thursday after fresh US economic data underlined the US economy’s strength and erased concerns over the Federal Reserve’s continued monetary policy tightening.Losses in rate-sensitive megacap growth stocks such as Apple Inc., Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower.The final …

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• 22 December 2022 7:34 pm

  Gold retreats following US data

  

  Gold is getting under pressure as US yields jump after Thursday’s US data. The US GDP for the third quarter was revised from 2.9% to 3.2%, meanwhile Wall Street extends losses and the US Dollar surges on the back of the data.Gold prices sharply retreated from nearly $1,820, reaching levels …

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• 22 December 2022 5:54 pm

  Gold is moving in a narrow range ahead of US economic data

  

  Gold prices moved in a narrow range on Thursday as cautious investors awaited US economic data due later in the day, which could affect the pace of the Federal Reserve raising interest rates. And gold recorded in instant transactions $ 1814.03 an ounce by 1118 GMT. And US gold futures …

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• 22 December 2022 4:25 pm

  Yen supported by the policy adjustment of the BoJ and dollar is declining

  

  The yen rose on Thursday, back towards a four-month peak against the dollar hit this week after a surprise shift by the Bank of Japan on bond yield controls spurred bullish bets for the Japanese currency. The yen rose by 0.4 percent to 131.99 per dollar. It hit a four-month …

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• 22 December 2022 2:46 pm

  European stocks rise with support of energy and financial sectors

  

  European stocks rose on Thursday for the second consecutive session, supported by stocks in the financial and energy sectors, as investors were optimistic about improving consumer sentiment in the United States after the decline in inflation expectations. The pan-European STOXX 600 rose 0.3% by 0809 GMT in quiet holiday trade, …

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