Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 13 December 2022 7:28 pm

  USD/CAD sinks after US CPI data

  

  The Canadian Dollar is breaking out on the back of the softer than expected CPI data in the United States. Technically speaking, the bears have eyes on 1.3380 as a possible last defense for a much deeper correction versus the US dollar.The Canadian Dollar, which had already been heading up …

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• 13 December 2022 4:35 pm

  Oil prices rise amid supply disruptions and optimism about China

  

  Oil extended its gains on Tuesday, with supply disruptions and easing anti-Corona restrictions in China, the world’s largest crude importer. Brent crude futures rose 90 cents, or 1.15 percent, to $78.89 a barrel by 1020 GMT, while US West Texas Intermediate crude futures rose 67 cents, or 0.92 percent, to …

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• 13 December 2022 2:22 pm

  European stocks rose ahead of US inflation data

  

  European stocks rose on Tuesday as investors hoped that US inflation data due for release later in the day would allow the Federal Reserve to slow the pace of interest rate hikes. The pan-European Stoxx 600 index was up 0.1 percent by 0812 GMT. Technology stocks led the index, rising …

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• 13 December 2022 1:32 pm

  Turkish industrial production rose 2.5% in October

  

  Data showed on Tuesday that Turkish industrial production increased 2.5 percent year-on-year in October, much larger than expected, continuing its year-on-year growth for the 28th month. Data from the Turkish Statistical Institute showed that industrial output also rose 2.4 percent from September on a seasonally adjusted basis.

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• 13 December 2022 12:40 pm

  Japan’s Nikkei records its highest level in two weeks ahead of US inflation data

  

  Japan’s Nikkei rose on Tuesday, briefly crossing the 28,000-point mark for the second time this month, as investors prepare for US inflation data and the Federal Reserve’s monetary policy decision. The Nikkei closed up 0.4 percent at 27954.85, after reaching its highest level since December 1st at 28116.56, but then …

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• 12 December 2022 10:14 pm

  AUD/USD Eying Australian Data, US CPI.

  

  The Australian dollarsnapped three days of gains and dropped 0.84%, following last Friday’s US producer’s inflation data, ahead of the release of the CPI in the United States. The positive sentiment that usually supports the AUD/USD keeps the Australian dollar under pressur. Therefore, the AUD/USD pair is trading at 0.6735 …

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• 12 December 2022 9:22 pm

  NY Fed: Consumer inflation expectation declines in November

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation declined to 5.2% in November from 5.9% in October, marking the biggest one-month decline on record.Further details of the publication showed that the three-year ahead expected inflation edged …

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• 12 December 2022 8:36 pm

  EUR/USD benefits from weaker US dollar ahead of CPI data, policy decisions

  

  The US Consumer Price Index is expected to be cooler. Sliding CPI data is in the favour of the Euro, due to less hawkish tightening anticipated the Federal Reserve.The awaited CPI data will be released on Tuesday, estimates refer to falling from 7.7% in the previous month’s reading to a …

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• 12 December 2022 7:19 pm

  Gold’s next price direction awaits key US events

  

  The precious metal is trading at $1784.27 per ounce at the time of writing versus the previous closing price at $1797.11.Inflation data from the US and the Federal Reserve’s policy decision are expected to help investors obviously see whether gold price can extend its bullish rally into the end of …

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• 12 December 2022 5:44 pm

  Turkey’s high unemployment key challenge to Erdogan in presidential elections

  

  Data on Monday showed that Turkey’s unemployment rate rose to 10.2 percent in October, posing a potential challenge to President Recep Tayyip Erdogan’s hopes of re-election next year, even as inflation trended lower and the currency remained broadly stable. Economic growth is also expected to remain subdued ahead of presidential …

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• 12 December 2022 4:03 pm

  The dollar fell as inflationary pressures persisted

  

  The dollar fell on Monday, but data released at the end of last week showing wholesale price inflation in the United States rose more than expected in November capped losses, reinforcing the possibility that the Federal Reserve will keep interest rates high for a longer period. The US currency recorded …

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• 12 December 2022 2:48 pm

  Gold declined, focusing on US inflation data and Fed meeting

  

  Gold prices declined, affected by the dollar’s rise, as investors await key inflation data in the United States and the Federal Reserve’s decision to raise interest rates due this week. The spot gold price fell 0.2% to $1793.44 an ounce as of 00:09 GMT, and US gold futures fell 0.3% …

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• 12 December 2022 1:47 pm

  European stocks fall amid anticipation of interest rates

  

  European stocks fell on Monday, as investors awaited the decisions of the Federal Reserve and the European Central Bank regarding interest rates scheduled for this week, and their sentiment was affected by the rise in Covid-19 infections in China after easing restrictions. The pan-European Stoxx 600 index was down 0.4 …

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