Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 29 November 2022 4:47 pm

  Chinese President: China is willing to forge a closer partnership with Russia on energy issues to ensure global energy security

  

  Chinese President Xi Jinping said Tuesday, November 29, that China is ready to forge a closer partnership with Russia on energy issues to ensure global energy security, while the Group of Seven major countries are preparing to impose new measures on Russian oil exports. “China is ready to work with …

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• 29 November 2022 2:12 pm

  Dollar falling against a basket of currencies, yuan rising, amid hopes of easing Corona restrictions in China

  

  The dollar fell against a number of other currencies on Tuesday, and lost some of the gains it recorded at the end of the previous session, amid growing concerns due to the restrictions to combat the Corona virus in China. The dollar index, which measures the greenback against a basket …

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• 29 November 2022 1:04 pm

  Gold rises with the decline USD

  

  Gold prices rose on Tuesday, supported by a weak dollar, as investors await more clarity on the Federal Reserve’s position regarding raising interest rates. Spot gold rose 0.7 percent to $1,753.34 an ounce at 0651 GMT. US gold futures rose 0.7 percent to $1,752.60. Bullion prices fell about 1 percent …

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• 29 November 2022 1:03 pm

  The Nikkei closed at its lowest level in a week on Chinese growth concerns

  

  Japan’s Nikkei closed at its lowest level in a week on Tuesday, as COVID-19 protests in several Chinese cities raised concerns about economic growth. The Nikkei fell 0.48 percent to close at 28,027.84, the lowest level since November 21, while the broader Topix index lost 0.57 percent to 1,992.97. US …

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• 29 November 2022 4:37 am

  Dallas Fed Manufacturing Index’s Mixed Messages

  

  On the surface everything revealed by Monday’s Dallas Fed Manufacturing Index reading is pointing in the direction the Federal Reserve wants to see. Employment is cooling and inflation pressures are giving signals fading, though, in reality, this is not the case with the US economy at large.In reality, order volumes …

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• 29 November 2022 4:19 am

  Market Drivers – US Session 28/11/2022

  

  The US session has been a big arena for volatility with beginning of the trading week. The US dollar has managed to edge higher up to 106.74 on Monday, slightly recovering from a three-and-a-half month low of 105.32 as investors are concerned about the pro global economic slowdown and the …

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• 29 November 2022 2:20 am

  Fed’s Brainard: Successive supply shocks a challenge for central banks

  

  “The successive shocks to global supply chains from the pandemic and the war in Ukraine could ‘herald a shift’ to an era of more volatile inflation and force central banks to guard against it with tighter monetary policy,” Fed vice chair Lael Brainard said in remarks released on Monday by …

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• 29 November 2022 12:47 am

  EUR/USD extends risk-off decline towards support territories

  

  At the time of writing, EUR/USD is down some 0.29% falling to a low of 1.0338; sliding from a higher of 1.0496. Risk currencies, such as the Euro are under considerable pressure as protests against COVID restrictions in China weighed on the overall market sentiment.The violent protests in major Chinese …

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• 28 November 2022 11:32 pm

  Fresh decline of gold on stronger US dollar

  

  Gold continues to decline starting the beginning of the US trading session on Monday, affected by the rise of the US dollar after changing its direction due to the markets’ focus on the current events in China.Gold futures fell to $ 1740 per ounce, versus the previous closing at $ …

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• 28 November 2022 10:39 pm

  USD/CAD climbs to 1.3460 on risk aversion

  

  The Canadian dollar extended its losses amid the market’s prevalent risk-off sentiment. Canada printed a deficit on its current account and this news could constitute a headwind for the Canadian dollar.The Canadian dollar extended its losses to two straight days, though it trimmed some of its losses after the USD/CAD …

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• 28 November 2022 10:31 pm

  Fed’s Bullard: Recession is not inevitable

  

  The US central bank needs to raise interest rates a bit further in order to maintain control over the country’s hot inflation in order to bring it back down toward the central bank’s 2% goal according to St. Louis Fed President James Bullard.On Monday, Bullard said that rates need to …

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• 28 November 2022 9:23 pm

  Wall Street witness limited losses on Amazon’s gains

  

  Wall Street’s indexes fell on Monday amid growing concerns about protests in China against the government’s strict COVID-19 restrictions, although Amazon’s gains helped limit losses as Cyber Monday sales are closer to record figures.Amazon’s shares rose 2% following an industry report that spending on Cyber Monday, the biggest US online …

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• 28 November 2022 8:18 pm

  World trade slows down as UK retail sales fall

  

  Global trade growth is slowing down due to weakening export orders and demand for container shipments and air freight further retreats.The goods barometer calculated by the World Trade Organization sank below its trend levels, in another signal that the global economy is weakening. It has slipped to 96.2, down from …

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