Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 29 August 2022 7:59 pm

  Gold still under Jackson Hole hawkish effect

  

  Gold price bounced from five-week lows on Monday, amidst a downbeat market mood, after last Friday’s hawkish remarks by Federal Reserve Chair Jerome Powell, spurred a fall in equities, propelling the greenback and US Treasury bond yields to fresh weekly highs. At the time of writing, XAU/USD is trading at …

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• 29 August 2022 7:19 pm

  Goldman: Buy commodities now, worry about recession later

  

  Goldman Sachs Group has urged financial market players to pile into commodities as most recession risks coursing through global markets are exaggerated. The group’s argument is that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals.With oil the commodity of last resort in an era …

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• 29 August 2022 7:15 pm

  IEA: Russia’s oil production did not fall as previously expected

  

  International Energy Agency Chief Fatih Birol said on Monday that Russia’s oil production hasn’t fallen as much as previously expected because it managed to find new markets outside Europe and added domestic demand remained robust, per Reuters. “Going forward, it would be difficult for Russia to maintain oil production due …

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• 29 August 2022 3:55 pm

  The dollar is flying to its highest level in 20 years

  

  The US dollar rose to its highest level in 20 years against other major currencies on Monday after Federal Reserve Chairman Jerome Powell indicated that interest rates will remain high for a longer period in order to rein in spiraling inflation. The dollar index, which measures the value of the …

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• 29 August 2022 3:15 pm

  Gold falls to its lowest level in a month due to the recovery of USD

  

  Gold prices fell on Monday to their lowest level in a month, after the continued tightening of monetary policy to reduce inflation led to the decline in the attractiveness of the non-yielding precious metal and the rise of the dollar. And gold fell in spot transactions 0.9 percent to $ …

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• 29 August 2022 2:14 pm

  Sharp decline in European shares amid attempts to curb inflation

  

  European shares fell sharply on Monday, while bond yields rose after comments from monetary policymakers raised fears of violent measures to curb inflation amid rising recession risks. The pan-European Stoxx 600 index fell 0.8 percent to its lowest level in more than a month, with technology shares falling the most, …

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• 29 August 2022 1:17 pm

  Nikkei closes at its lowest level in two weeks

  

  Japan’s Nikkei index closed at a two-week low on Monday, tracking losses on Wall Street after US Federal Reserve Chairman Jerome Powell said tightening US monetary policy would be necessary “for some time” to curb inflation. The Nikkei index closed down 2.66 percent at 27878.96 points, with 202 down from …

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• 29 August 2022 12:27 pm

  Oil is rising and all scenarios are on the table

  

  Oil prices rose 1 percent on Monday as expectations that OPEC will cut production if needed to support prices, conflict in Libya and increased demand amid rising natural gas prices in Europe helped offset bleak growth prospects in the United States. The US light NYMEX crude rose during these moments …

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• 28 August 2022 9:55 pm

  Financial Markets’ Weekly Recap, August 22-26

  

  Crude oil was the winner of the week on signs of improving fuel demand, so oil surpassed the performance of all other assets, although some market expectations actually occurred during the past week and some other expectations did not.Energy PricesAfter starting the week near the previous week’s lows, oil attempted …

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• 27 August 2022 3:11 am

  Gold loses nearly $25 per ounce after Powell’s speech

  

  After dropping nearly $25 following the highly anticipated speech by Federal Reserve Chair Jerome Powell, gold could be at risk of falling to $1,600 an ounce unless buyers step in to buy the dip, according to analysts. The Fed chair wants to avoid the mistakes of the 1970s, which is …

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• 27 August 2022 2:53 am

  Market Drivers – US Session – Friday, August 26

  

  Jerome Powell’s comments, before Jackson Hole Symposium, have fuel 1,000-point market collapse, on Friday, as stocks slid for a second week. US equities fell after Powell had said the US central bank “won’t back off in its fight against rapid inflation”. The Dow Jones Industrial Average dropped 1,008.38 points, or …

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• 27 August 2022 2:37 am

  Oil price surges on output cutting signals

  

  Oil prices closed higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but trading was volatile as investors digested and ultimately shrugged off warnings from the head of the US Federal Reserve about economic pain ahead.Brent crude futures rose $1.65 to settle at $100.99 a …

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• 27 August 2022 1:33 am

  Crypto companies complain from US sanctions

  

  The Treasury Department is facing complaints from the cryptocurrency industry over sanctions imposed on a firm accused of helping to launder billions of dollars, with some funds going to North Korean hackers.In early August, the Treasury Department imposed sanctions on the virtual currency mixing firm, Tornado Cash, which allegedly helped …

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