Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 17 November 2022 1:41 pm

  German stocks lead Europe higher after Siemens data

  

  German stocks led European indices higher at the open on Thursday, supported by data from Siemens, which recorded an optimistic rise in quarterly profits, while investors await the UK budget, which is expected to restore confidence in the British economy. The German DAX rose 0.9%, while the pan-continental Stoxx 600 …

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• 17 November 2022 1:01 pm

  Gold is stabilizing as geopolitical tensions ease

  

  Gold prices stabilized on Thursday as demand for the precious metal declined due to the latest geopolitical concerns, while hopes that the Federal Reserve (the US central bank) would be less aggressive in raising interest rates in the coming months boosted the markets. And by 0103 GMT, there was little …

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• 17 November 2022 12:17 pm

  Nikkei closed lower on chip stocks

  

  Japan’s Nikkei closed lower on Thursday, as Tokyo Electron and Advantest led chip-related stock losses after Micron Technology cut memory chip supplies and capital spending, while travel stocks jumped thanks to an increase in foreign tourists. Micron was the first major chip maker to sound the alarm about falling demand …

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• 17 November 2022 5:52 am

  Market Drivers – US Session 16/11/2022

  

  The US dollar gathered some strength during the US trading session, closing mixed. The US dollar benefited from a deteriorating sentiment following Poland’s developments in relation to the Russo Ukrainian war, but also from Wednesday’s economic news.The EUR/USD pair trades at around 1.0370, while GBP/USD is stable around 1.1890. Commodity-linked …

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• 17 November 2022 2:35 am

  Gold fails to benefit from US dollar’s latest performance

  

  Gold Price creeps lower after testing the weekly high around $1786 on Wednesday following the release of positive US data. The retail sales data triggered risk aversion, so, the US dollar’s stance as a safe haven benefited, but the Gold Index was not able failed to capitalize on falling US …

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• 17 November 2022 1:44 am

  Bitcoin declines on spreading FTX crisis

  

  Betcoin was high trading at $16705 after falling to intraday lows after Wednesday’s Wall Street opening bell as the FTX scandal appeared to have impacted another victim. After the bell BTC/USD was trading around $16,400.The meant victim could be Genesis Global Capital, the crypto lending arm of Genesis Trading, and …

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• 17 November 2022 1:09 am

  Stocks slide on firm dollar, retail sales data

  

  Global stocks slid from two-month highs and dollar maintained its safe-haven standing and managed to steady on Wednesday after stronger-than-expected US retail sales clouded the Fed’s inflation outlook and hopes that the Fed could ease its hawkish interest rate hikes.Stocks in Europe pared overnight losses in Asia after Poland’s president …

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• 17 November 2022 12:58 am

  Fed’s Hawk: Will not be fooled by one report

  

  Governor Christopher Waller repeated the same Fed’s hawkish stance on Wednesday. Last week, Waller said “we’ve still got a way to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices, jolting risk appetite”.Waller continues to warn that officials were not close …

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• 17 November 2022 12:05 am

  Australian Employment Preview: Forecasts by major banks

  

  Australia will release October’s employment report on Thursday, November 17 at 00:30 GMT and as markets draw closer to the release time, here are forecasts by analysts at five major banks regarding the upcoming awaited data.Australia is expected to have added 15K positions in October versus 0.9K in September, with …

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• 16 November 2022 11:46 pm

  White House Holds Russia As Responsible For Poland’s Tragic Incident

  

  On Wednesday, the White House has not seen anything that contradicts Poland’s preliminary assessment that a missile that landed within its borders on Tuesday was most likely the result of a Ukrainian air defense missile, according to US National Security Council spokesperson Adrienne Watson.“Whatever the final conclusions may be, it …

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• 16 November 2022 10:57 pm

  Oil declines on Druzhba pipeline resumption, COVID concerns

  

  On Wednesday, oil prices settled more than one US dollar lower after Russian oil shipments via the Druzhba pipeline to Hungary resumed operation and rising COVID-19 cases in China weighed on investors’ sentiment.Contracts to deliver West Texas Intermediate crude in December closed at their lowest price since October 25, according …

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• 16 November 2022 10:02 pm

  Could US retail sales continue to rise despite fundamentals?

  

  Retail Sales rose in October by 1.3% above the 1% of market consensus. Analysts point out that despite the apparent endurance, consumers are struggling to keep up the pace. They warn that the last time credit card borrowing was growing like it is now, the US was heading into the …

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• 16 November 2022 9:07 pm

  BoE’s Dhingra: Additional rate hikes could deepen UK recession

  

  BoE’s Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs beyong the present level.“You could think of getting into a much deeper, much longer recession if rates continue to rise because there is already about a fairly sizeable …

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