Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 19 August 2022 4:27 am

  Market Drivers – US Session – Thursday, August 18

  

  The US dollar has strengthened all along US trading hours as best performer. Market players assessed several encouraging US macroeconomic readings that suggest the economy has a good chance to avoid recession, despite technically being in.Economic DataEconomic data refers to Initial Jobless Claims declining to 250,000, below expectations, Philly Fed …

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• 19 August 2022 4:01 am

  Biggest Questions On Iran’s Response To Draft Nuclear Deal

  

  One of the biggest questions in the oil market, this week, is what after Iranians sent their response to the European draft nuclear deal? Iran’s response said neither “Yes”, nor “No” about the EU draft deal, instead the response raises issues which Tehran wants fused into the draft including, but …

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• 19 August 2022 2:07 am

  Finance Ministry: Germany’s economic outlook looks gloomy

  

  The economic outlook for Europe’s largest economy looks gloomy due to soaring energy prices and supply chain disruptions according the Finance Ministry’s August monthly report, published early Friday.Given the early Asian session’s inaction, EUR/USD fails to react to the news and was last seen around the one-month low flashed the …

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• 19 August 2022 1:54 am

  Oil climbs on higher US fuel consumption

  

  Crude oil prices gained about 3% on Thursday on the back of positive US economic data as well as robust US fuel consumption obviously counterbalances concerns that slowing economic growth in other countries could cut demand.Brent futures rose $2.94, or 3.1%, to settle at $96.59 per barrel, while WTI crude …

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• 19 August 2022 1:14 am

  Will EUR/USD retouch parity ahead of the weekend?

  

  The EUR/USD slides below the 1.0100 figure for the first time since July 27, as EUR sellers eye a daily close below 1.0096, which could pave the way for retesting the parity level. At the time of writing, the EUR/USD is trading at 1.0089, well below its opening price, after …

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• 19 August 2022 12:34 am

  XTZ traders will stick to their screens for next 48 hours

  

  Tezos price could take a key turn lower today after the bullish print on Wednesday. XTZ price is at the mercy of global markets which are rolling over on Thursday. Tezos price action has witnessed some gains evaporating in late hours trading on Wednesday after the Fed minutes were released. …

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• 18 August 2022 11:39 pm

  US crude refineries aim to run full capacity in Q3

  

  US crude oil refineries plan to keep running near “Full Capacity’’ this quarter, according to executive directors and market estimates, as refiners broadly decide to put aside worries about recession and sliding retail prices to deliver more fuel.The operating levels will keep US gasoline prices below spring highs while providing …

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• 18 August 2022 10:51 pm

  Fed’s Bullard Favours 0.75 Percentage Point Rate Hike In September

  

  St. Louis Fed Governor, James Bullard said, on Thursday, that he is not prepared to assume that inflation surge has peaked in the United States.Markets have generally surged as investors price in a soft landing for the US economy and the end of peak inflation. But once the US dollar …

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• 18 August 2022 10:22 pm

  Turkish Interest-Rate Cut Quakes Investors

  

  The Turkish lira fell Thursday, after a surprise interest-rate cut has been decided by the country’s central bank. Similarly; Turkey’s bonds were subject to broad selloff, and investors now react by moving price in a higher risk of sovereign default, after the country’s central bank unexpectedly had decided cut interest …

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• 18 August 2022 9:18 pm

  EUR/USD Retreats To Three-week Lows On Stronger Dollar

  

  The EUR/USD pair is under pressure. The EUR/USD pair sharply dropped during the US session and is obviously facing increasing bearish pressure near a critical support at 1.0110. A break below 1.0100 would bring about parity.On Thursday, the pair touched the 1.0107 level which is, in fact, the lowest level …

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• 18 August 2022 8:24 pm

  FOMC minutes weigh on risk appetite

  

  Emerging market stocks and currencies fell on Thursday on the signals by Wednesday’s FOMC Minutes. The minutes obviously signaled further US interest rate hikes. MSCI’s index of emerging market stocks retreated 0.6%, set for their worst session in two weeks, while its currencies counterpart MIEM00000CUS was on course for its …

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• 18 August 2022 7:46 pm

  OPEC’s Top Official: Relatively optimistic on oil outlook for 2023

  

  OPEC’s new secretary general Haitham al-Ghais said on Thursday that he was relatively optimistic on the oil market outlook for 2023 and added that the world was dealing with economic pressures of inflation in a very good way.“I want to be very clear about it – we could cut production …

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• 18 August 2022 7:03 pm

  US Existing Home Sales Decline In July

  

  This morning’s release of the July Existing-Home Sales has showed that sales fell to a seasonally adjusted annual rate of 4.81 million units from the previous month’s 5.11 million. Expectations mentioned 4.89 million. The latest number represents a 5.9% decrease from the previous month and a 20.2% decrease YoY.The National …

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