Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 12 December 2022 4:03 pm

  The dollar fell as inflationary pressures persisted

  

  The dollar fell on Monday, but data released at the end of last week showing wholesale price inflation in the United States rose more than expected in November capped losses, reinforcing the possibility that the Federal Reserve will keep interest rates high for a longer period. The US currency recorded …

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• 12 December 2022 2:48 pm

  Gold declined, focusing on US inflation data and Fed meeting

  

  Gold prices declined, affected by the dollar’s rise, as investors await key inflation data in the United States and the Federal Reserve’s decision to raise interest rates due this week. The spot gold price fell 0.2% to $1793.44 an ounce as of 00:09 GMT, and US gold futures fell 0.3% …

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• 12 December 2022 1:47 pm

  European stocks fall amid anticipation of interest rates

  

  European stocks fell on Monday, as investors awaited the decisions of the Federal Reserve and the European Central Bank regarding interest rates scheduled for this week, and their sentiment was affected by the rise in Covid-19 infections in China after easing restrictions. The pan-European Stoxx 600 index was down 0.4 …

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• 12 December 2022 12:59 pm

  Nikkei declines as technology stocks fall ahead of Fed

  

  The Japanese Nikkei index fell on Monday, after hitting its highest level in a week, as US data pointing to rising inflation increased fears that the Federal Reserve would keep raising interest rates for a longer period. Technology stocks fell after US producer price data on Friday indicated that inflation …

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• 12 December 2022 12:20 pm

  Oil prices rise due to uncertainty over restarting the Keystone pipeline and Russian supplies

  

  Oil prices rose more than 1 percent in early Asian trading on Monday, as a major pipeline transporting crude oil between Canada and the United States remained closed as Russian President Vladimir Putin threatened to cut production in response to the West imposing a cap on Russian oil export prices. …

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• 12 December 2022 6:07 am

  Financial Markets’ Weekly Recap 5 – 9 December

  

  The dollar rose against the euro on Friday after US producer price data for November came in slightly higher than expected, casting doubt on whether the Federal Reserve will slow down the pace of interest rate hikes at its meeting next week. The data showed US producer prices rose 0.3 …

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• 10 December 2022 12:34 am

  GBP/USD Flirts with 1.2300 ahead of BoE’s decision

  

  Bank of England to hike rates by 50 bps, fresh forecasts coming up. Concerns about a global economic setback weighed on US indexes. The GBP/USD pair is trading at 1.2265 at the time of writing.The GBP/USD pair peaked at 1.2321 after Wall Street’s opening but trimmed intraday gains and hovers …

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• 9 December 2022 10:41 pm

  Crude oil at lowest level in 2022 amid EU-Russia Confrontation

  

  EU member states and the G7 nations started applying their price cap on Russian oil prices, constituting a fresh factor why crude prices fell to fresh lows.The EU Commission President Von der Leyen anticipated more sanctions ahead and WTI trades near a weekly low of $70.97 per barrel, the lowest …

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• 9 December 2022 9:39 pm

  Crypto Space Will Hugely Benefit From Apple’ Encryption Policy

  

  Earlier this week, Apple announced that it will offer end-to-end encryption for most material its users save on the iCloud storage service. The news means only an authorized device held by an authorized user will be able to access the content of the famous cloud storageThe new feature will protect …

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• 9 December 2022 8:21 pm

  Fed’s Powell to resist rate cuts in 2023

  

  Previewing the FOMC’s December policy meeting, Rabobank analysts said they expect the US central bank to hike the policy rate by 50 basis points and see policymakers revising the terminal rate projection to the neighbourhood of 5%.Key Quotes“We expect that Powell will continue to push back against rate cuts in …

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• 9 December 2022 7:15 pm

  Putin: Won’t sell oil to nations adopting price caps

  

  The Russian President Vladimir Putin said on Friday that Russia will not sustain losses from oil price caps. Putin noted that “if consumer defines oil prices, this will lead to a collapse of the oil industry”, adding that this will lead to rising prices, this proposal is stupid.Crude oil prices …

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• 9 December 2022 5:09 pm

  Stability of Dollar before the release of US producer price data

  

  The dollar was little changed against major currencies on Friday as concerns about the performance of the US economy returned, ahead of the release of producer price index data later on Friday and the Federal Reserve meeting to decide on interest rates next week. Investors are looking forward to a …

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• 9 December 2022 3:36 pm

  Russia to decide on increasing oil output after assessing the effects of price caps

  

  Russia’s Deputy Finance Minister said that Moscow will decide whether to increase its oil production based on the results of the first quarter of 2023, following the imposition of an EU embargo on Russian oil exports and a price cap from the West. Russian President Vladimir Putin criticized the West’s …

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