Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 29 December 2022 12:26 pm

  USD stabilizes as optimism about China easing Corona restrictions declines

  

  The dollar stabilized on Thursday after long-term US Treasury yields rose overnight, as initial optimism about China easing coronavirus restrictions and opening up the economy waned. After China removed its quarantine rule for inbound travellers on January 8, countries such as the United States, Japan and India said they would …

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• 29 December 2022 11:15 am

  Oil is falling as the increase in Covid cases in China affects the demand outlook

  

  Oil prices fell on Thursday as rising COVID-19 cases in China dampened hopes of a recovery in fuel demand in the world’s second-largest oil consumer. The scale of the recent outbreak in China and scepticism about official data has prompted some countries to enact new travel rules on Chinese visitors, …

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• 29 December 2022 10:37 am

  Gold rises with the decline of dollar

  

  Gold prices rose on Thursday as the dollar and US Treasury bond yields fell, while traders awaited new indications of the Federal Reserve’s plans to raise interest rates. Spot gold rose 0.2 percent to $1,807.57 an ounce at 0303 GMT, after falling 1 percent in the previous session. US gold …

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• 29 December 2022 7:24 am

  Market Drivers – US Session – 28/12/2022

  

  The 10-year US Treasury note yield stands at 3.88%. The 2-year note yields 4.35% after paying around 0.75% at the beginning of the year. One factor that is leading to another, as inflation is expected to probably surge again, pushing yields at the shorter end of the curve higher. Consequently, …

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• 29 December 2022 2:22 am

  UK, Italy impose restrictions on passengers arriving from China

  

  The United States announced that all flight passengers arriving from China will be required to show a negative Covid test result before flying to the States. The decision will come into force as of January 5.Risk sentiment is lukewarm amid fresh concerns over the covid spread worldwide once again. The …

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• 29 December 2022 1:35 am

  Oil prices retreat on demand-linked uncertainity

  

  Crude futures fell amid a state of uncertainty about the possible impact on demand after easing the Chinese Covid-19 restrictions.Oil sustained losses as the dollar marginally ticked higher and equities erased their gains, easily swayed by broader market swings amid thin liquidity.West Texas Intermediate fell below $79 per barrel after …

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• 28 December 2022 11:53 pm

  USD/CAD boosted by marginally stronger US dollar, risk aversion

  

  The USD/CAD pair has rebounded from weekly lows around 1.35920s and concludes trading closer to the 1.3600 mark. The pair is trading at 1.3592 at the time of writing after hitting the 1.3485 low.The stronger American Dollar keeps the Canadian Dollar under pressure. The US Dollar Index (DXY), a gauge …

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• 28 December 2022 10:47 pm

  How is the USD/JPY pair reacting to the dollar’s rally on Wednesday?

  

  At the time of writing, the USD/JPY is trading at 134.17, up by 0.54%. The dollar rallied a little bit against the Japanese yen during the US trading session on Wednesday, but it is obvious that the American currency is struggling to shyly hang on to gains later in the …

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• 28 December 2022 9:49 pm

  Dow Jones surges on weaker Pending Housing Data

  

  The Dow Jones Industrial Average surged on Wednesday after the release of US economic data, with the release of another housing report as well as a Fed’s manufacturing index out. Tesla stock hit another new low before bouncing sharply, looking to recover a small bite of its historic December plunge.Wednesday’s …

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• 28 December 2022 8:50 pm

  EUR/USD retreats from 13-day highs to fresh daily lows

  

  After the EUR/USD pair had made a run to weekly highs, it eventually retreated. The pair now is closer to the daily low as US yields rise.The stocks market turns negative, while crude oil sinks. The EUR/USD pair failed to break the current range despite hitting the highest level in …

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• 28 December 2022 7:53 pm

  GBP/USD climbs on positive mood, softer dollar

  

  The GBP/USD pair has come back above the 1.2100 figure, courtesy of the US Dollar weakness. China’s relaxing Covid-19 restrictions can keep the market’s positive sentiment.The British Pound sharply advances after the European trading session that exhibited choppy trading, bouncing off the day’s lows around 1.2000. the pair is also …

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• 28 December 2022 7:18 pm

  November’s US Pending Home Sales below expectations

  

  Pending Home Sales in the US declined by 4% on a monthly basis in November, the data published by the National Association of Realtors showed on Wednesday. This reading followed October’s decrease of 4.6% and came in much worse than the market expectation for an increase of 0.6%.Following this data, …

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• 28 December 2022 5:46 pm

  Moscow did not consult OPEC+ to respond to the Russian oil price ceiling

  

  Kremlin spokesman Dmitry Peskov said that his country did not consult OPEC + regarding its response to the Western price ceiling imposed on Russian oil, noting that Russia has the sovereign right to take whatever it deems appropriate to respond to such “illegal measures.” On Tuesday, Russian President Vladimir Putin …

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