Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 2 November 2022 5:34 am

  Market Drivers – US Session 1/11/2022

  

  US Treasury yields helped high-yielding assets to advance early on Tuesday, with the American dollar edging lower throughout the first half of the day. The yield on the 10-year Treasury note pulled down to 3.92%, and the USD tends to slide when it breaks below the 4% threshold ahead Yields …

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• 2 November 2022 4:00 am

  BoJ Minutes: Japan’s economy is picking up

  

  The Bank of Japan’s minutes for the September meeting minutes are released early Wednesday denoting that few members said need to be watchful to the impact of monetary tightening by some central banks could have on global markets. Members agreed Japan’s economy is picking up. Several members said weak yen …

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• 2 November 2022 2:45 am

  BoC’s expects policy rate will need additional hikes

  

  “We expect our policy rate will need to rise further”, said Bank of Canada (BoC) Governor Tiff Macklem. Macklem also noted that how much further rates go up will depend on how monetary policy is working, how supply challenges are resolving and how inflation is responding to this tightening cycle.“We …

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• 2 November 2022 1:51 am

  New Zealand’s jobs data triggers bullish trend for NZD

  

  The New Zealand Employment Change that is released by Statistics New Zealand as a measure of the change in the number of employed people in New Zealand has put a slight bid into the country’s dollar, with the headline data beating expectations:NZD/USD has risen from a low of 0.5835 to …

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• 2 November 2022 1:19 am

  Dollar Index depressed amid Fed’s December uncertainty

  

  The US Dollar Index can explain Tuesday’s “hanging man” candlestick pattern to record mild losses ahead of the key FOMC’s policy decision on Wednesday.The US Dollar Index (DXY) renews its intraday low around 111.40, mildly offered while extending the previous day’s losses, as traders await the result of FOMC meeting …

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• 2 November 2022 12:47 am

  ECB could shrink bond portfolio next January

  

  According to Bundesbank President Joachim Nagel, the European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year. “We should start shrinking our bond portfolio at …

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• 1 November 2022 11:57 pm

  EUR/USD steadies in bullish territory ahead of the Fed

  

  The EUR/USD pair sits back into neutral territory as markets get prepared for the Fed’s policy decision. Traders are on look out for a pivot in the chair’s tone.The EUR/USD is sitting tight in mas investors await the outcome of the Fed this week while investors worry over a potential …

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• 1 November 2022 10:45 pm

  GBP/USD retreats on positive US data

  

  The British pound has given away gains and dives to US session lows at 1.1450 after the positive US economic data dampened hopes of a Fed pivot in December. The pound has lost nearly 100 pips in a matter of minutes, following the release of a set of positive US …

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• 1 November 2022 9:53 pm

  Does Strong USD Mean A Looming Debt Crisis for Emerging Markets?

  

  The average household in Ghana is paying two-thirds more than it did last year for fuel, flour and other necessities. In Egypt, wheat is expensive and the governmental budget suffers from bread subsidy provided to citizens. Sri Lanka is struggling to control a political crisis, and is running out of …

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• 1 November 2022 9:29 pm

  FOMC Decision Preview: Fed’s preferred yield-curve measure close to recession signal

  

  US bonds rallied while new warnings are raised that a recession is inevitable in the United States ahead of Fed’s two-day policy meeting for November which is expected to result in a fifth-straight outsized rate hike.Traders are digesting the ISM manufacturing data for further clues on the state of the …

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• 1 November 2022 8:14 pm

  Gold price clings to gains after positive US economic data

  

  Gold price advances in the North American session benefiting from the retreating US Treasury yields which weakened the US dollar, following the release of solid US data, specifically factory activity. Traders observed a risk-on in the equities market, spurred by speculations that China is adjusting to exit its zero-tolerance Covid-19 …

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• 1 November 2022 7:22 pm

  JOLTS Job Openings in September above expectations

  

  The number of job openings in the US increased to 10.7 million on the last business day of September, the US Bureau of Labor Statistics reported in its Job Openings and Labour Turnover Summary (JOLTS) on Tuesday.This print came in higher than the market expectation of 10 million. “The number …

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• 1 November 2022 5:44 pm

  Thomson Reuters Beats Q3 Earnings Estimates

  

  Thomson Reuters (TRI) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.33%. A quarter …

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