Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 25 November 2022 4:30 pm

  Pound is heading towards recording gains for the third week, but remains weak

  

  The British Pound fell slightly on Friday, but is still on track for its third consecutive weekly increase against the US dollar. Analysts expect sterling to remain fragile as central banks, including the Bank of England, continue to tighten monetary policy even though the recession is expected to be deeper …

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• 25 November 2022 2:29 pm

  European stocks are falling

  

  European stocks fell on Friday as retailers came under pressure following the start of the holiday shopping season amid fears of a sharp slowdown in the global economy and a sharp rise in inflation. The Stoxx 600 index was down 0.1% by 0811 GMT, below a three-month high hit earlier …

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• 25 November 2022 12:44 pm

  Japan’s Nikkei closes lower, but records a weekly jump

  

  Japan’s Nikkei average closed lower on Friday, after hitting a more than two-month high in the previous session, as investors sold shares of chip-related technology and growth companies to lock in gains. Still, losses were limited by hopes of a slowdown in rate hikes globally. The Nikkei index fell 0.35 …

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• 25 November 2022 11:08 am

  Germany’s Final GDP expands 0.4% QoQ in Q3

  

  The German economy expanded by 0.4% on the quarter in the three months to September of 2022 vs. 0.3% prior, the final revision confirmed on Friday. The reading came in above the market consensus of 0.3%. On an annualized basis, Europe’s economic powerhouse’s GDP grew 1.3% in Q3 2022 vs. …

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• 25 November 2022 10:32 am

  Gold is about to achieve a weekly gain amid hopes that the US central bank will slow down the rate hike

  

  Gold prices rose slightly on Friday, on track for a weekly gain, as it received support from a weaker dollar on signs that the Federal Reserve may soon slow the pace of raising interest rates. Spot gold rose 0.2 percent to $1,758.41 an ounce by 0223 GMT, and has risen …

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• 24 November 2022 9:56 pm

  December could be Euro’s best month

  

  The average monthly performance of the Euro against the US dollar for the last 20 years shows that the EUR/USD pair usually rises in December according to several economists. The last 20 Decembers are seen as perfect time for the EUR/USD to rise on 16 occasions out of the total …

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• 24 November 2022 8:46 pm

  Dollar’s longer downtrend looks unlikely

  

  The US Dollar Index is close to testing the recent intraday low from 15th November at 105.34. However, economists suggest that the US dollar’s selloff pressure would not go further in the near future.According to FOMC minutes, there is no room for providing conviction for higher terminal rate. Wednesday’s FOMC …

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• 24 November 2022 7:42 pm

  GBP/USD expected to surge higher towards the 1.22/23 zone

  

  The GBP/USD pair extends gains through the 1.20 area. Economists at Scotiabank expect Cable to test the 1.22/1.23 region.Solid intraday trends are backing up a positive longer-term technical picture for the sterling. Clear and sustained gains of the pair through the 1.2000/50 zone this week put the sterling on course …

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• 24 November 2022 7:01 pm

  Why do ECB meeting accounts matter?

  

  European Central Bank policymakers have fears that inflation may be getting rooted at their last policy gathering, this is why the prevalent trend adopts the idea that interest rates would need to be hiked further according to the accounts of the October 26-27 ECB’s meeting, released on Thursday.The ECB raised …

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• 24 November 2022 4:54 pm

  The Turkish Central Bank cuts interest rates to 9% and decides to end the easing cycle

  

  Turkey’s central bank on Thursday cut its key interest rate by 150 basis points to 9 percent as expected. It announced it had decided to end the easing cycle, which began in response to a call by President Recep Tayyip Erdogan to cut rates below 10 percent by the end …

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• 24 November 2022 3:19 pm

  German IFO Business Climate Index improves to 86.3 in November

  

  The headline German IFO Business Climate Index climbed to 86.3 in November versus the previous reading of 84.5 and the market consensus of 85.0. Meanwhile, the Current Economic Assessment improved to 93.1 points in the reported month when compared to October’s 84.2 and 93.8 expected. The IFO Expectations Index – …

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• 24 November 2022 1:49 pm

  European stocks are looking for direction

  

  European stocks opened little changed on Thursday, November 24th, after the minutes of the Federal Reserve meeting indicated a moderation in the pace of interest rate hikes and while investors await new indications from the European Central Bank. The Stoxx 600 index of European shares fell 0.03% amid low trading …

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• 24 November 2022 12:56 pm

  The US dollar is declining as risk appetite improves after the Fed

  

  The US dollar fell Thursday, November 24, as investors flocked to risky assets after expectations of a slowdown in the rate hike in the US. The upcoming minutes of the Fed’s Monetary Policy Committee meeting, which was held on the first and second of November, revealed that officials are very …

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