Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2022

• 9 November 2022 10:26 am

  Oil falls on rising US inventories, fears of COVID-19 in China

  

  Oil prices fell on Wednesday after data showed that US crude stocks rose more than expected amid fears that demand for fuel will be dented by the increase in Covid-19 cases in China, the world’s largest importer of crude. Brent crude futures fell 44 cents, or 0.5 percent, to $94.92 …

  Read More »
• 9 November 2022 2:29 am

  Market Drivers – US Session 08/11/2022

  

  There was no obvious catalyst that specifically brought about the US Dollar’s decline, although the positive performance of US shares and easing government bond yields put pressure on the dollar after Wall Street’s opening. The yield on the 2-year Treasury note touched an intraday low of 4.65% after peaking at …

  Read More »
• 9 November 2022 1:54 am

  What could Congress, House midterm elections mean for American economy?

  

  Tuesday’s midterm elections coincide with turbulent economic weakness in the United States amid accelerating recession-linked predictions as well as ongoing yield curve inversion. The results of Tuesday’s election will determine the makeup of a Congressional body that holds the powers to direct, guide and enact policies that will basically change …

  Read More »
• 9 November 2022 12:57 am

  Election Day Hits as Economic Optimism Dropped

  

  Economic Optimism, Presidential Leadership and National Outlook indexes have dipped for the second consecutive month as Financial Related Stress improvesCoinciding with election day, the monthly IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, dropped for the second straight month, moving from 41.6 in October to 40.4 in …

  Read More »
• 9 November 2022 12:27 am

  WTI retreats below $90 on concerns about China, US elections

  

  Oil price retreated on fresh fears about Chinese demand. The US dollar’s reversal has failed to support crude prices. WTI falls beyond 2% on the day to hit session lows near $90.00. Oil prices have extended losses for the second consecutive trading day on Tuesday, as hopes about a relaxation …

  Read More »
• 8 November 2022 11:23 pm

  BoE’s Pill Signals Further Rate Hikes

  

  The Bank of England is pondering further raise interest rates due to concerns that inflation could become woven into the British economic activities, despite the growing risks of a prolonged recession according to BoE’s chief economist Huw Pill.Pill noted that there was “still more to do” to tackle soaring inflation …

  Read More »
• 8 November 2022 11:08 pm

  Gold set to close with over $38 gain in one big day

  

  Gold and silver prices are sharply jumping up, with gold hitting a four-week high and trading back above $1,700.00 in late-morning US trading Tuesday and even to $1,713.34 at the time of writing versus the pervious closing price at $167548 per ounce on Monday.Silver hit a more-then-four-month high today. The …

  Read More »
• 8 November 2022 10:17 pm

  GBP/USD rallies near 1.1600 as the US dollar dives

  

  The British pound rushed higher during Tuesday’s US session, bouncing off the 1.1470 area to erase daily losses and session highs right below 1.1600 as the Americans head to the polls.The sterling has abandoned previous weakness and jumped to session highs near 1.1600. the pair is trading at 1.158 at …

  Read More »
• 8 November 2022 9:22 pm

  Dow rallies 500 points as investors anticipate midterm election results

  

  Stocks rose Tuesday as investors awaited the results of the US midterm elections, which could impact future levels of government spending and regulation.The Dow Jones Industrial Average gained 522 points, or 1.6%, on track for its third straight up day. The S&P 500 rose 1.2%. The Nasdaq Composite was 1.5% …

  Read More »
• 8 November 2022 8:27 pm

  EUR/USD jumps to session highs on retreating US dollar

  

  The dollar dives with all eyes on the US mid-term elections. So, the euro has squeezed higher on Tuesday’s US trading to hit session highs at 1.0550 with the US dollar dropping suddenly versus rivals. From a wider perspective, however, the pair has been moving without a clear direction, both …

  Read More »
• 8 November 2022 7:34 pm

  Gold jumps to 5-week high, approaching $1700

  

  Gold price creeps higher amid the lack of US economic data as investors observe the results of the US mid-term elections and October’s CPI. Treasury yields are lower on the day, while expectations for a 50 bps rate hike by the Fed stood above 50%. Gold price is subdued as …

  Read More »
• 8 November 2022 5:31 pm

  Turkey begins paying in rubles for some Russian gas purchases

  

  According to Reuters, Turkish Energy Minister Fatih Donmez said on Tuesday that Turkey has started paying in Russian rubles for some of its natural gas purchases from Russiam. In an interview with the TRT news channel of the Turkish Radio and Television Corporation, Donmez said the share of payments in …

  Read More »
• 8 November 2022 4:10 pm

  Gold falls on dollar strength ahead of US midterm elections

  

  Gold prices fell on Tuesday, November 8, due to a slight rise in the dollar, in addition to shifting investors’ attention to inflation data in America, which is expected to be released next Thursday. Markets are awaiting inflation data because of its impact on the Federal Reserve’s decision to raise …

  Read More »