Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 18 November 2022 12:38 pm

  Annual inflation in Japan is at the highest level since 1991

  

  Annual inflation in Japan rose in October to 3.7%, after it had recorded 3% in September, bringing it to the highest level since January 1991, in light of the rise in commodity prices and raw materials coinciding with the weakness of the yen. The biggest pressure came from food costs, …

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• 18 November 2022 12:29 pm

  Oil rises as the dollar declines, but the demand outlook casts a shadow

  

  Oil prices rose Friday, November 18, with the decline of the dollar, but they are heading towards incurring weekly losses due to expectations that the pace of the sharp rise in US interest rates will not ease, as well as expectations of weak demand from China, the largest importer of …

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• 18 November 2022 12:26 pm

  Gold is rising, but it is still heading towards a weekly loss

  

  Gold prices rose on Friday, November 18, due to the decline in the US dollar, but it is still heading towards its first weekly loss in 3 weeks, affected by indications from US Federal Reserve officials that more interest rate hikes are on the way. By 04:33 GMT, spot gold …

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• 18 November 2022 3:22 am

  Market Drivers – US Session 17/11/2022

  

  Thursday’s market sentiment was negative, providing boosting factor for the US Dollar to recover some of the ground lost earlier during the week. The US dollar maintained mixed performance between ups and downs, but tended to advance.The gloomy market sentiment was partly a result of concerns related to the Ukraine-Russia …

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• 18 November 2022 3:04 am

  Gold faces first weekly loss in three on Fed’s hawkish stance

  

  Gold price stays bearish around $1,760, after a two-day downtrend, as sellers cheer the US Dollar’s rebound despite softer US economic data. The precious metal traders digest recent hawkish comments by US Fed officials while market sentiment does not favour risk. The most significant factor for gold trading on Thursday …

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• 18 November 2022 1:19 am

  T-yield curve inversion touches deepest level since 1982

  

  The yield curve inversion between the 2-year and 10-year Treasury notes deepened to its widest level in four decades. The spread between the 2-year and 10-year extended to a mark of -66 basis points early Thursday, marking the deepest inversion since 1982.In early market action, the 10Y was up 9 …

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• 18 November 2022 12:26 am

  SNB Maechler: Will continue to raise rates if inflation above target

  

  The Swiss National Bank will continue to raise rates if inflation projections are seen above target according to SNB’s governing board member Andrea Maechler.On Thursday, Maechler also noted that the battle against inflation has not been won despite a dip in Swiss inflation to 3.0% in October from 3.3% in …

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• 17 November 2022 11:06 pm

  S&P 500 falls as rising T-yields trigger recession fears

  

  The S&P 500 fell on Thursday and US bond yields jumped as Fed officials signaled their rate-hiking campaign to slow inflation is not over.The Dow Jones Industrial Average was little changed, after falling as much as 314 points in the session. The S&P 500 slipped 0.25%, while the Nasdaq Composite …

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• 17 November 2022 10:26 pm

  Pelosi to step down from US House Speaker role

  

  US House Speaker Nancy Pelosi, who became Speaker of the House in 2007, announced that she will step down from her congressional leadership role, ending a two-decade streak as the top House Democrat. Pelosi’s statement, on Thursday, comes after signs that the Democrats will narrowly lose their House majority to …

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• 17 November 2022 9:38 pm

  USD/CAD surges on hawkish remarks by Fed speakers

  

  Hawkish commentary by Federal Reserve officials underpinned the US Dollar. US economic data was mixed as unemployment claims dropped, while housing data delivers a gloomy outlook.Wednesday’s Canadian Consumer Price Index failed to underpin the Canadian dollar which weakened versus the US Dollar after Federal Reserve policymakers expressed that inflation remains …

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• 17 November 2022 8:51 pm

  USD/CAD could decline to the 1.25 level towards the end of 2023

  

  At the time of writing, the is trading at 1.3362 versus the previous closing rate at 1.3327. In 2023, the Canadian Dollar may emerge as a more attractive financial asset in the face of fluctuations. Economists believe that the USD/CAD pair could drop to the 1.25 level.Overall commodity picture should …

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• 17 November 2022 7:58 pm

  Performance of shares, sterling reacts to UK new budget

  

  Irritating recession and interest rate worries impacted Europe’s markets on Thursday, and the pound fell as the United Kingdom seeks a way out from its disastrous fiscal experiment to leave it behind it with a new budget that is largely conceived of as austere-looking.Early optimism about Siemens’ earnings and expectations …

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• 17 November 2022 6:57 pm

  Bullard: 5%-5.25% Minimum level for Fed policy rate

  

  St. Louis Federal Reserve President James Bullard said on Thursday that a minimum level for a restrictive Federal Reserve (Fed) policy rate would be 5% to 5.25%, as reported by Reuters.The US Dollar Index edged slightly lower in the last hour but it was still up 0.6% at 106.90 at …

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