Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 20 December 2022 2:28 am

  Treasury yields jump as investors assess 2023 economic outlook

  

  Treasury yields surged on Monday, as investors assess the cumulative probability that the world’s MAJOR central banks will keep raising rates in 2023 despite the economic impact.Traders focus on assessment of the 2023 monetary-policy outlook of central banks from the US to Japan and Europe. Longer term yields are below …

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• 20 December 2022 1:19 am

  Oil rises but recession fears limit gains

  

  Oil prices surged on Monday on optimistic expectations and hopes for China’s economy after news speaking about relaxing COVID-19 restrictions. But, fears of a global recession would weigh on energy demand and therefore oil’s gains are limited.China is experiencing its first of three expected waves of COVID-19 cases after Beijing …

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• 20 December 2022 12:18 am

  Wall Street retreats on persisting recession worries

  

  Wall Street equities were in the red territory on Monday. Nasdaq was leading the prevalent declines as investors’ worries accelerate concerning Fed’s monetary policy tightening that could drag the US economy into a recession.The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track …

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• 19 December 2022 11:22 pm

  GBP/USD benefits from the tightening cycle

  

  The Pound Sterling is leaning against a critical level of support while the US dollar is surprisingly weak. The Federal Reserve and Bank of England’s rate decisions are being digested. The GBP/USD pair is 0.2% higher at the time of writing on the first day of the trading week. However, …

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• 19 December 2022 10:20 pm

  ECB’s Nagel: It will take a while to return to 2% inflation

  

  The European Central Bank is targeting 2% inflation and Bundesbank President Joachim Nagel said ”it will take a while to return to 2% inflation.”Earlier in December, Nagel was quoted saying that the ECB should start reducing its large holdings of government debt in the first quarter of next year as …

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• 19 December 2022 8:24 pm

  Gold lifted by lower US inflation, dollar and yields

  

  At the time of writing, gold price is trading at $1786.66 versus the previous closing price at $1792.59.Lower than expected inflation data in the US is exercising downward pressure on the US dollar. This, along with lower real yields, is expected to allow gold to retest $1,800 according to economists.Retreating …

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• 19 December 2022 3:42 pm

  Gold rises with weakness of dollar

  

  Gold prices steadied on Monday as the prospect of the Federal Reserve raising interest rates next year squandered the support provided by a weak dollar. And gold settled in instant transactions at $ 1791.56 an ounce by 0709 GMT. And US gold futures rose 0.1 percent, recording $ 1,802.50. The …

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• 19 December 2022 2:03 pm

  European stocks are rising after a strong sell-off last week

  

  European stocks rose on Monday, supported by energy companies, after a heavy sell-off last week sparked by growing recession fears as major central banks pledged more interest rate hikes in the future. The pan-European Stoxx 600 index was up 0.5 percent by 0805 GMT. On Friday, the index recorded its …

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• 19 December 2022 1:06 pm

  German IFO Business Climate Index ticks higher to 88.6 in December

  

  The headline German IFO Business Climate Index climbed to 88.6 in December versus the previous reading of 86.3 and the forecast of 87.2. Meanwhile, the Current Economic Assessment improved to 94.4 points in the reported month as against November’s 93.1 and 93.5 expected. The IFO Expectations Index – indicating firms’ projections …

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• 19 December 2022 12:33 pm

  Japan’s Nikkei closes at a 6-week low, and bank stocks rise

  

  Japan’s Nikkei index ended Monday’s trading at a six-week low, tracing the impact of Wall Street’s decline in the previous session, while bank stocks rose on speculation of an interest rate hike in the country. The Nikkei fell 1.05 percent to close at 27,237.64 points, its lowest level since November …

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• 19 December 2022 11:38 am

  Yen gains on potential Japan govt move for more flexible inflation target

  

  The yen climbed on Monday on news that the Japanese government could soon revise a joint statement with the Bank of Japan (BOJ) over the latter’s inflation target, potentially paving the way for a tweak in the BOJ’s ultra-loose monetary policy. The yen was last 0.4% stronger at 136.19 per …

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• 19 December 2022 10:27 am

  Rise in oil prices amid optimism about recovery of demand in China

  

  Oil prices regained ground on Monday, after falling more than $2 a barrel in the previous session, amid optimism that China would lift COVID-19 restrictions and recover oil demand, which outweighed fears of a global recession. Brent crude futures rose 72 cents, or 0.9 percent, to $79.76 a barrel by …

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• 19 December 2022 4:22 am

  Financial Markets’ Weekly Recap, December 12-16

  

  Financial markets’ sentiment was still negative for most of the previous trading week amid accelerating recession-linked fears. This development, for sure, reinforced US Treasury bond yields but the US stock futures and equities in the Asia-Pacific region maintained mostly dull performance ahead of the final batch of data from the …

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