Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 22 November 2022 3:38 am

  Market Drivers – US Session 21/11/2022

  

  The US dollar capitalized on Monday’s prevalent risk aversion and negative market sentiment to edge higher. Risk aversion dominated markets after China’s National Health Commission reported death cases of Covid-19 patients in Beijing. China also reported over 26,000 new infections on Sunday. Commodity-linked currencies ended the day with losses against …

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• 22 November 2022 3:17 am

  Fed officials continue signaling hawkish messages

  

  San Francisco Federal Reserve President Mary Daly said on Monday that she is not prepared to say what hike the Fed should do at December’s Federal Open Market Committee. Daly insists that all options are available, so she is not taking anything off the table for December.Daly believes that at …

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• 22 November 2022 1:21 am

  Bitcoin continues to slide on fears of FTX crisis

  

  The world’s most famous cryptocurrency held steady at $15,824 on Monday at the time Wall Street opened following a weekly close at levels not seen since late 2020. At time of writing, bitcoin is trading around $15,780.Coinbase lost over 25% of its value in only four trading sessions as investors …

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• 22 November 2022 12:31 am

  Oil rebounds after Saudi denies OPEC+ output report

  

  On Monday, oil prices recovered from earlier losses after Saudi Arabia had denied news alleging that it was discussing an increase in oil output with OPEC and allies. Brent crude futures for January settled at $87.45, shedding 17 cents. WTI crude futures for December settled at $79.73 per barrel, falling …

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• 21 November 2022 10:17 pm

  US Stocks dragged lower on US dollar gains

  

  US stocks retreated amid growing worries that China could tighten Covid curbs after reported deaths over the weekend. Concerns about the growth outlook in the US as the Fed policymakers vow to fight inflation also continue to direct decisions by most investors. The technology sector dragged S&P 500 lower. The …

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• 21 November 2022 9:22 pm

  AUD/USD falls on firmer US Dollar

  

  The Australian dollar fell for the fourth straight day due to risk aversion after reports said the latest China Covid-19 outbreak caused three deaths during the weekend. China’s authorities eased some restrictions. The news boosted the US dollar amid growing concerns about reimposing lockdowns.Wall Street is witnessing investors who are …

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• 21 November 2022 8:14 pm

  Risk aversion drags GBP/USD lower

  

  The GBP/USD has dropped below 1.1900 on the market’s prevalent risk aversion, with the first US trading session of this week.Risk aversion prevails amid a light calendar, but latest remarks by Fed policymakers have given direction to the GBP/USD pair’s performance.The Pound Sterling fell sharply below the 1.1900 figure in …

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• 21 November 2022 7:11 pm

  EUR/USD pressured near 1.0250

  

  The EUR/USD pair has maintained the corrective downside well for another trading session and threatens to challenge the key support around the 1.0200 sooner rather than later.With the opening bell of an uneventful session, the US dollar extends the recent comeback by the recent hawkish messages by Fed policymakers. Statements …

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• 21 November 2022 4:59 pm

  Treasury yields tick higher as markets assess inflation outlook

  

  U.S. Treasury yields climbed Monday as investors awaited further clues about the Federal Reserve’s monetary policy plans from central bank speakers and fretted over the inflation outlook. The yield on the benchmark 10-year Treasurywas trading around 3.827% at around 8:00 a.m. ET, after rising about 1 basis point. The 2-year …

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• 21 November 2022 4:44 pm

  Swiss Franc declined from its highest level in three months

  

  The Swiss franc fell towards 0.95 against the US dollar, down from a three-month high of 0.94 touched on November 11th. Swiss currency is under pressure posed by the strength of the US currency, in conjunction with recession fears and hard signals from the Federal Reserve. However, hawkish policy signals …

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• 21 November 2022 3:09 pm

  Gold fell to its lowest level in more than a week

  

  Gold prices fell for the fourth consecutive session on Monday due to a stronger dollar while the Federal Reserve’s monetary policy stance overshadowed expectations for non-yielding gold. The spot gold price fell 0.6 percent to $1,739.31 an ounce by 0931 GMT, after falling earlier to its lowest level since November …

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• 21 November 2022 2:07 pm

  Oil prices are nearing their lowest level in two months

  

  Oil prices hovered near a two-month low on Monday as supply concerns eased while worries about fuel demand in China and rising interest rates overshadowed prices. Brent crude futures for January fell 28 cents, or 0.3 percent, to $87.34 a barrel by 0103 GMT, after settling at their lowest since …

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• 21 November 2022 1:03 pm

  Dollar rises after purchases on concern

  

  The US dollar rose strongly against major currencies on Monday, November 21, at a time when the Chinese yuan fell as sentiment deteriorated due to the rise in coronavirus infections and the tightening of restrictions in some cities in the second largest economy in the world. The Chinese capital, Beijing, …

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