Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 5 December 2022 4:46 pm

  Inflation in Turkey slowed to 84.39% after 17 months of rising

  

  Official data showed Monday, December 5, that Turkey’s annual inflation slowed to 84.39% in November, just short of expectations, ending a 17-month period of increases since last year when the central bank began cutting interest rates. The Turkish Statistical Institute said that consumer prices rose 2.88% monthly, compared to expectations …

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• 5 December 2022 3:40 pm

  Eurozone Retail Sales decline 2.7% YoY in October

  

  Eurozone’s Retail Sales dropped by 1.8% MoM in October versus -1.7% expected and 0.8% last, the official figures released by Eurostat showed on Monday. On an annualized basis, the bloc’s Retail Sales came in at -2.7% in October versus 0% recorded in September and -2.6% consensus forecast. The euro shrugs …

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• 5 December 2022 3:04 pm

  Gold settles near a 5-month peak with decline of dollar and China easing Corona restrictions

  

  Gold prices stabilized Monday, December 5, after hitting their highest level in 5 months, while the dollar fell after more Chinese cities eased anti-Covid-19 restrictions over the weekend. There was little change in the spot gold price, recording $1,799.26 an ounce, after touching the highest level since July 5 at …

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• 5 December 2022 2:24 pm

  European stocks fell ahead of data

  

  European stocks fell on Monday in cautious trading ahead of the publication of data on business activity amid concerns about the economic slowdown in the European Union. Stocks posted gains for the seventh consecutive week on Friday, supported by China’s easing of COVID-19 restrictions following protests against the country’s strict …

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• 5 December 2022 1:38 pm

  Dollar is falling after easing of Corona restrictions in China boosted risk appetite

  

  The dollar fell broadly on Monday after a difficult week, dropping below seven yuan as sentiment towards riskier assets improved after signs that China would ease some restrictions related to COVID-19. More Chinese cities, including financial hub Shanghai and Urumqi in the far west, announced easing coronavirus restrictions over the …

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• 5 December 2022 12:33 pm

  Japanese Nikkei index closed higher

  

  Japan’s Nikkei index closed slightly higher on Monday, supported by gains in Fast Retailing, owner of Uniqlo stores, and technology heavyweights. The Nikkei index rose 0.15 percent to close at 27,820.40 points, while the broader Topix index fell 0.31 to 1,947.90 points. In the US, the S&P 500 and the …

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• 5 December 2022 6:05 am

  Financial Markets’ Weekly Recap November 28 – December 2

  

  The weaker US dollar and risk aversion were in news headlines most of the time during Friday’s US trading session. The positive employment report on the United States suggested the Fed might need to keep hiking rates to ease a contracted labour market, though it failed to reinforce the US …

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• 3 December 2022 5:36 am

  Market Drivers – US Session 02/12/2022

  

  The weaker US dollar and risk aversion were in news headlines most of the time during Friday’s US trading session. The positive employment report on the United States suggested the Fed might need to keep hiking rates to ease a contracted labour market, though it failed to reinforce the US …

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• 3 December 2022 2:34 am

  USD/CHF shows passive performance in volatile session

  

  The US dollar has maintained its weak performance on Friday despite the positive Nonfarm Payrolls data. The USD/CHF pair hit a daily high following the key data.The USD/CHF is trimming some of its earlier losses and prior gains in the US volatile trading session, spurred by a buoyant US Nonfarm …

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• 3 December 2022 1:08 am

  Oil ETFs fall following EU’s price cap on Russian oil

  

  Friday witnessed losses of both ProShares Ultra Bloomberg Natural Gas and the US Natural Gas Fund by almost 13% and 6.6%, respectively, during midday trading. Two of the largest energy-focused ETFs, the Energy Select Sector SPDR Fund and the  iShares U.S. Oil & Gas Exploration & Production ETF , both …

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• 3 December 2022 12:22 am

  BoE sells GBP 1.4 bln of long-dated and index-linked bonds

  

  The Bank of England sold GBP 1.412 billion of long-dated and index-linked gilts on Friday, taking to 3.65 billion pounds the total volume of gilts it has sold since starting to unwind earlier emergency purchases on Tuesday.Friday’s sale was the third this week, as the BoE looks forward to unwinding …

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• 2 December 2022 10:33 pm

  Oil price steadies ahead of Russian oil cap enactment, OPEC+ meeting

  

  Oil future contracts changed a little bit during the choppy trading session on Friday ahead of the meeting of OPEC+ scheduled for Sunday and an EU ban on Russian crude which will come in force as of Monday, December 5.WTI crude futures rose 11 cents, or 0.1%, to $81.35 per …

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• 2 December 2022 9:22 pm

  Fed’s Evans expects higher peak rate despite slower hiking

  

  Chicago Fed President Charles Evans said on Friday “We are probably going to have a slightly higher peak to Fed policy rate even as we slow pace of rate hikes,”, as reported by Reuters.Evans noted that policymakers are “on a path to getting financial conditions appropriately restrictive to bring inflation …

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