Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 17 August 2022 10:20 pm

  Gold’s further selloff conditioned on FOMC minutes’ signals

  

  Gold is trading at $1776.75 per ounce at the time of writing, but the precious metal’s price is attempting to steady ahead of the FOMC minutes. Gold’s selloff might be overdone as prices are not deteriorating despite a surge in global bond yields. UK inflation hit a 40-year high and …

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• 17 August 2022 10:11 pm

  FOMC Minutes: Rate could reach enough level to control inflation

  

  The Minutes of the FOMC policy decision that took place over the July 26-27 policy meeting, that may shed light on just how aggressive they expect to be, have been released as follows:Fed minutes: All participants at July 26-27 policy meeting agreed 75-basis-point interest rate hike was appropriate.Some participants said …

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• 17 August 2022 9:58 pm

  Oil surges after EIA report

  

  Brent crude rose $1.09, or 1.1%, to $93.45 per barrel by 12:23 p.m. ET (1723 GMT). Earlier in the day, recession worries had pushed the benchmark price to its lowest since February at $91.51. US West Texas Intermediate crude rose $1.39, or 1.6%, to $87.92 per barrel.Crude oil prices rose …

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• 17 August 2022 9:14 pm

  Equities fall, Treasury yields rise ahead of FOMC minutes

  

  Global equities fell while US Treasury yields rose on Wednesday ahead of the release of the Fed’s meeting minutes that are expected to reveal the extent of officials’ hawkish stance on interest rates and inflation.MSCI’s gauge of stocks in 50 countries across the globe (.MIWD00000PUS) shed 0.94%, while the pan-European …

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• 17 August 2022 8:46 pm

  US Dollar Surges Ahead Of FOMC Minutes

  

  FOMC minutes are expected to keep the US dollar supported. The dollar gains about 2% off the highs of the year, ahead of today’s release of the 27 July FOMC minutes. Last FOMC’s meeting, in particular, triggered dollar selloff on the view that the Fed might have already taken the …

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• 17 August 2022 8:26 pm

  Could FOMC Minutes point to resize Fed’s future rate hikes?

  

  The US central bank’s officials tend to keep hiking interest rates until high inflation is under control, and the release on Wednesday’s FOMC minutes from their July 26-27 policy meeting could highlight how aggressive they expect to be.Data since the Fed’s last policy meeting showed annual consumer inflation eased in …

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• 17 August 2022 8:08 pm

  Tesla shares trade at $906 during Wednesday’s crash

  

  Tesla stocks trade at $906, down by 1.4% at the time of writing. Tesla encounters a kind of selling pressure on Wednesday’s US session. Shares, earlier on the day, were trading down 1.7% at $903.84 about 55 minutes into the session, having opened at $910.19, traded as high as $917.34 …

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• 17 August 2022 7:42 pm

  AUD/USD retreats ahead of FOMC Minutes

  

  The AUD/USD pair slides more than 1.40% on Wednesday due to cooler-than-expected Australia’s Wage Price Index (WPI). Risk aversion keeps investors rushing towards safe-haven assets, bolstering the US dollar.AUD/USD is currently below the 20/50-day EMA, on a risk-off impulse spurred by recession fears lingering on investors’ minds, while US Retail …

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• 17 August 2022 7:03 pm

  Expectations On Australian Employment Report

  

  Australia is expected to report July’s employment figures on Thursday, August 19 at 01:30 GMT and as financial markets get closer to the release time, economists have published their expectations on the upcoming employment data.Australia is expected to have added 25K positions in the month, while the Unemployment Rate is …

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• 17 August 2022 6:02 pm

  US Retail Sales remained flat MoM in July

  

  Retail Sales in the US stayed virtually unchanged at $682.8 billion in July, the data published by the US Census Bureau showed on Wednesday. This reading followed June’s increase of 0.8% and came in slightly weaker than the market expectation of +0.1%. “Total sales for the May 2022 through July …

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• 17 August 2022 5:46 pm

  Market Drivers – European Session 17/8/2022

  

  European shares rose for the sixth consecutive session on Wednesday, boosted by a rally in financial stocks as investors focused on economic growth and inflation data in the eurozone due for release this week. The pan-European Stoxx 600 index rose 0.2 percent in early trading, hovering near its highest level …

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• 17 August 2022 4:35 pm

  Norges Bank Preview: Forecasts from 3 major banks

  

  Norges Bank meets on Thursday, August 18 at 08:00 GMT. As we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks regarding the upcoming central bank’s Interest Rate Decision. Markets are pricing in a 50 basis points (bps) rate …

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• 17 August 2022 4:32 pm

  Saudi Arabia’s crude oil exports rise in June

  

  The International Energy Forum said on Wednesday, citing data from the Joint Organizations Data Initiative (JODI), that Saudi Arabia’s crude exports in June rose to 7.20 million barrels per day from 7.050 million in May. The data showed that demand for Saudi crude rose 364,000 barrels per day to 2.79 …

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