Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 12 December 2022 6:07 am

  Financial Markets’ Weekly Recap 5 – 9 December

  

  The dollar rose against the euro on Friday after US producer price data for November came in slightly higher than expected, casting doubt on whether the Federal Reserve will slow down the pace of interest rate hikes at its meeting next week. The data showed US producer prices rose 0.3 …

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• 10 December 2022 12:34 am

  GBP/USD Flirts with 1.2300 ahead of BoE’s decision

  

  Bank of England to hike rates by 50 bps, fresh forecasts coming up. Concerns about a global economic setback weighed on US indexes. The GBP/USD pair is trading at 1.2265 at the time of writing.The GBP/USD pair peaked at 1.2321 after Wall Street’s opening but trimmed intraday gains and hovers …

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• 9 December 2022 10:41 pm

  Crude oil at lowest level in 2022 amid EU-Russia Confrontation

  

  EU member states and the G7 nations started applying their price cap on Russian oil prices, constituting a fresh factor why crude prices fell to fresh lows.The EU Commission President Von der Leyen anticipated more sanctions ahead and WTI trades near a weekly low of $70.97 per barrel, the lowest …

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• 9 December 2022 9:39 pm

  Crypto Space Will Hugely Benefit From Apple’ Encryption Policy

  

  Earlier this week, Apple announced that it will offer end-to-end encryption for most material its users save on the iCloud storage service. The news means only an authorized device held by an authorized user will be able to access the content of the famous cloud storageThe new feature will protect …

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• 9 December 2022 8:21 pm

  Fed’s Powell to resist rate cuts in 2023

  

  Previewing the FOMC’s December policy meeting, Rabobank analysts said they expect the US central bank to hike the policy rate by 50 basis points and see policymakers revising the terminal rate projection to the neighbourhood of 5%.Key Quotes“We expect that Powell will continue to push back against rate cuts in …

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• 9 December 2022 7:15 pm

  Putin: Won’t sell oil to nations adopting price caps

  

  The Russian President Vladimir Putin said on Friday that Russia will not sustain losses from oil price caps. Putin noted that “if consumer defines oil prices, this will lead to a collapse of the oil industry”, adding that this will lead to rising prices, this proposal is stupid.Crude oil prices …

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• 9 December 2022 5:09 pm

  Stability of Dollar before the release of US producer price data

  

  The dollar was little changed against major currencies on Friday as concerns about the performance of the US economy returned, ahead of the release of producer price index data later on Friday and the Federal Reserve meeting to decide on interest rates next week. Investors are looking forward to a …

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• 9 December 2022 3:36 pm

  Russia to decide on increasing oil output after assessing the effects of price caps

  

  Russia’s Deputy Finance Minister said that Moscow will decide whether to increase its oil production based on the results of the first quarter of 2023, following the imposition of an EU embargo on Russian oil exports and a price cap from the West. Russian President Vladimir Putin criticized the West’s …

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• 9 December 2022 1:44 pm

  European stocks rise, supported by rise in the industrial and financial sectors

  

  European stocks rose on Friday, as industrial and financial stocks rose on optimism related to China’s easing of anti-Covid-19 restrictions, while Credit Suisse jumped after news of a capital increase. The pan-European STOXX 600 rose 0.2 percent by 0810 GMT, and appeared to be heading for an increase after losing …

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• 9 December 2022 1:09 pm

  Gold rises with fall of dollar ahead of Fed

  

  Gold prices rose on Friday, supported by a weak dollar, while investors prepared for important inflation data in the United States and the Federal Reserve’s decision to raise interest rates next week. Spot gold increased 0.2% to $1,793.16 an ounce by 0241 GMT, but has fallen 0.3% since the beginning …

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• 9 December 2022 12:27 pm

  Japan shares jumped, supported by Wall Street gains and the easing of Corona restrictions in China

  

  Japanese stocks jumped on Friday, led by chip-related and other blue-chip stocks, after Wall Street closed higher Thursday night, supported by growing hopes of a recovery in global economic growth following China’s easing of anti-COVID-19 restrictions. The Nikkei index closed up 1.18 percent at 27,901.01 points, recording the largest daily …

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• 9 December 2022 2:31 am

  Market Drivers – US Session 08/12/2022

  

  According to US Treasury Sec. Janet Yellen, “recession is not inevitable”. But, Yellen declined to say whether the dollar had peaked against other currencies. US stocks benefited on Thursday and exhibited better performance on anticipations of slower pace of monetary policy tightening. The performance of stocks impacted the US Dollar, …

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• 9 December 2022 2:03 am

  US dollar retreats amid anticipations on Friday’s PPI data

  

  The US dollar has been declining against most major rival currencies since the beginning of the US trading session, on Thursday. The dollar’s performance is impacted by anticipations regarding the awaited US inflation.The dollar index, which measures the performance of the American currency against a basket of major currencies, fell …

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