Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 24 October 2022 12:29 pm

  Nikkei closed below 27 thousand points amid concerns over China

  

  Japan’s Nikkei gave up most of the morning’s gains during the overnight session, to close below the 27,000-point level on Monday, as investors worried about the outlook for the Chinese economy. The index ended trading up 0.31 percent at 26,974.90 points. Out of 225 stocks on the index, 133 rose …

  Read More »
• 23 October 2022 10:08 pm

  Markets’ Weekly Recap, October 17-21

  

  Japan’s government and central bank intervened in the currency market early Saturday to support the retreating yen, triggering a dramatic rebound against the dollar after the Japanese currency had reached a fresh 32-year low of nearly 152 against the dollar.Finance Ministry Vice Minister Masato Kanda told reporters he would not …

  Read More »
• 22 October 2022 4:09 am

  Market Drivers – US Session 21/10/2022

  

  Amid hopes that Fed could be less hawkish, as mentioned by Fed officials debating to slow the pace of rate increases following November’s meeting. At the time of writing, WTI is trading at $85.05 per barrel, up by 0.19%. The Euro recovered to the 0.9800 level as Fed officials signaled …

  Read More »
• 22 October 2022 1:51 am

  WTI edges up around $85.00 on expected robust demand

  

  WTI tends to finish Friday’s trading session with flat performance, as Wall Street ended the day with substantial gains amid hopes that Fed could be less hawkish, as mentioned by Fed officials debating to slow the pace of rate increases following November’s meeting. At the time of writing, WTI is …

  Read More »
• 21 October 2022 11:55 pm

  US Shares surge on hopes for less hawkish Fed

  

  US shares surged on Friday after a news report, by WSJ, said the US Fed will likely debate on a smaller interest rate hike in December, raising hopes the central bank may be ready to adopt a less hawkish policy stance.The Dow Jones Industrial Average (.DJI) rose 646.73 points, or …

  Read More »
• 21 October 2022 10:38 pm

  Fed Official: It’s time to start talking about slowing rate hikes

  

  On Friday, San Francisco Federal Reserve President Mary Daly warned that the US central bank should avoid putting the economy into an “unforced downturn” by raising interest rates too sharply, adding that it’s time to start talking about slowing the pace of the hikes in borrowing costs.The Fed is widely …

  Read More »
• 21 October 2022 9:56 pm

  ECB Expected To Hike Rate By 75 Basis Points Next Week

  

  Next week’s the European Central Bank monetary policy meeting will be a key event that attracts traders’ attention. According to analysts a 75 basis points interest rate hike is highly expected. Analysts also believe that the deposit rate will reach 3% by March 2023. ECB’s Lagarde will have to acknowledge …

  Read More »
• 21 October 2022 8:54 pm

  EUR/USD recovers on retreating US dollar

  

  The Euro is currently seen as picking up and returns to levels above 0.9800. Speculation about a shorter Fed hike in December served the US dollar a sudden blow.The Euro departed the previous days’ weakness on Friday during the US session. The pair has regained lost ground after bouncing at …

  Read More »
• 21 October 2022 7:57 pm

  Gold rises on FOMC decision expectations

  

  Gold price advances almost 1% as the market speculations accelerated on FOMC’s intention. A WSJ article noted that FOMC members could be split about December’s rate hike, as November increase to the Fed funds rate (FFR) 75 bps, is certain. The precious metal is trading at $1651.36 per ounce at …

  Read More »
• 21 October 2022 7:03 pm

  AUD/USD rebounds on weaker US dollar

  

  The AUD/USD pair turned positive for the day after rebounding more than a hundred pips from four-day lows. The pair rose from near 0.6200 to 0.6333, hitting a fresh daily high on the back of a weaker dollar.The US dollar pulled back across the board following a report mentioning a …

  Read More »
• 21 October 2022 5:21 pm

  German parliament approves 200 billion euros in funding to tackle energy crisis

  

  The German parliament on Friday approved the government’s 200 billion euro ($195 billion) rescue package to protect businesses and households from rising energy prices. Parliament also voted earlier to suspend the so-called “debt brake” in the country.

  Read More »
• 21 October 2022 4:35 pm

  Canada: Retail Sales rose 0.7% in August

  

  The data published by Statistics Canada revealed on Friday that Retail Sales grew by 0.7% on a monthly basis in August following June’s sharp contraction of 2.5%. This reading came in better than consensus estimates pointing to a modest rise of 0.4%. The USD/CAD pair, meanwhile, moves little following the …

  Read More »
• 21 October 2022 4:34 pm

  Renault sales rise in the third quarter, supported by higher prices

  

  Renault announced Friday, October 21, that its sales rose to 9.8 billion euros ($9.57 billion) in the third quarter, in line with analyst expectations, as price increases allowed the company to achieve revenue growth despite a decline in car sales from the previous year. The French automaker said overall revenue …

  Read More »