Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 22 November 2022 7:27 pm

  US Stocks higher amid attempts to rid of Covid shadows

  

  US Stocks rose Tuesday morning as Wall Street attempts to get rid of covid-linked fears as China’s policies tend to further restrictions. Earnings reports also attract significant attention of traders and investors.The Dow Jones surged 282 points, or 0.84%. The S&P 500 progressed 0.56% on the back of the performance …

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• 22 November 2022 6:05 pm

  All eyes on the RBNZ

  

  On November 1 New Zealand house prices showed the first sign of strain, with their first annual fall in more than 11 years. Prices fell 0.6% from the previous year, and values fell for a 7th consecutive month. This is due to the affordability challenge for buyers either getting new …

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• 22 November 2022 5:16 pm

  Canada: Retail Sales decline by 0.5% in September

  

  Retail Sales in Canada declined by 0.5% on a monthly basis in September, the data published by Statistics Canada revealed on Tuesday. This reading followed August’s increase of 0.4% and came in slightly better than the market expectation for a decrease of 0.7%. Further details of the publication revealed that …

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• 22 November 2022 4:55 pm

  Consumer confidence in Turkey rose for the fifth month to 76.6 in November

  

  Official data showed on Tuesday that Turkey’s consumer confidence index rose 0.6 percent to 76.6 points in November, continuing its recovery from a record low of 63.4 in June, despite continued high inflation. The biggest improvement was in confidence in the expectations of the general economic situation during the next …

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• 22 November 2022 4:18 pm

  Stability of dollar with the tightening of Covid restrictions in China

  

  The price of the dollar stabilized on Tuesday after rising the previous day, as investors flock to the safe-haven currency in light of fears of an increase in Corona infections in China, while the Bitcoin currency is under pressure after fears related to the repercussions of the collapse of the …

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• 22 November 2022 3:00 pm

  European stocks rose, driven by the recovery of oil and the rise in mining stocks

  

  European stocks rose on Tuesday, supported by a rebound in commodities stocks after falling in the previous session, as investors searched for mixed signals from European Central Bank policymakers over their stance on interest rates. The pan-European Stoxx 600 index rose 0.2 percent, nearing its highest level in more than …

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• 22 November 2022 2:16 pm

  ECB’s Holzmann says leaning towards a 0.75% rate hike as things stand

  

  European Central Bank policymaker Robert Holzmann said on Tuesday he has not decided how he will vote at the next rate-setting meeting in December but unless there is a significant improvement he will favour an increase of 0.75 points. Holzmann told a news conference he could not decide between 0.5 …

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• 22 November 2022 1:18 pm

  Stability of oil prices amid concerns about demand in China

  

  Oil prices were little changed on Tuesday after fears of a global recession and concern that rising coronavirus infections in China would dampen demand from the world’s largest crude oil importer were offset by a falling US dollar. Brent crude futures rose 30 cents, or 0.3 percent, to $87.75 by …

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• 22 November 2022 12:40 pm

  Japanese stocks rise, and caution ahead of Fed decision limits gains

  

  Japanese stocks closed higher on Tuesday as the yen’s decline against the dollar boosted expectations of better performance by local manufacturing companies. Still, caution ahead of the Federal Reserve’s monetary policy statement limited gains. The Nikkei index rose 0.61 percent to close at 28,115.74 points, while the broader Topix index …

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• 22 November 2022 3:38 am

  Market Drivers – US Session 21/11/2022

  

  The US dollar capitalized on Monday’s prevalent risk aversion and negative market sentiment to edge higher. Risk aversion dominated markets after China’s National Health Commission reported death cases of Covid-19 patients in Beijing. China also reported over 26,000 new infections on Sunday. Commodity-linked currencies ended the day with losses against …

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• 22 November 2022 3:17 am

  Fed officials continue signaling hawkish messages

  

  San Francisco Federal Reserve President Mary Daly said on Monday that she is not prepared to say what hike the Fed should do at December’s Federal Open Market Committee. Daly insists that all options are available, so she is not taking anything off the table for December.Daly believes that at …

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• 22 November 2022 1:21 am

  Bitcoin continues to slide on fears of FTX crisis

  

  The world’s most famous cryptocurrency held steady at $15,824 on Monday at the time Wall Street opened following a weekly close at levels not seen since late 2020. At time of writing, bitcoin is trading around $15,780.Coinbase lost over 25% of its value in only four trading sessions as investors …

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• 22 November 2022 12:31 am

  Oil rebounds after Saudi denies OPEC+ output report

  

  On Monday, oil prices recovered from earlier losses after Saudi Arabia had denied news alleging that it was discussing an increase in oil output with OPEC and allies. Brent crude futures for January settled at $87.45, shedding 17 cents. WTI crude futures for December settled at $79.73 per barrel, falling …

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