Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 18 October 2022 4:36 pm

  Lockheed Martin earnings beat expectations

  

  Lockheed Martin’s third-quarter earnings report indicated that it beat analysts’ expectations. The report was released on Tuesday and the company posted revenue less than expected. Earnings per share amounted to $6.87, while revenues were recorded at $16.60. According to the report, Lockheed Martin shares gained 0.70% to trade at $400.10 …

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• 18 October 2022 3:38 pm

  Oil prices fall amid fears of an economic slowdown

  

  Oil prices fell on Tuesday, amid fears of slowing economic activity and lower demand for fuel from China, in light of its adherence to its strict policy to contain the Coronavirus known as (Zero Covid). Brent crude futures fell 41 cents, or 0.45 percent, to $91.21 a barrel by 0948 …

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• 18 October 2022 2:40 pm

  German ZEW Economic Sentiment Index improves to -59.2 in October

  

  The German ZEW headline numbers for October showed that the Economic Sentiment Index improved to -59.2 while beating estimates of -65.7 vs. -61.9 previous. Meanwhile, the Current Situation sub-index arrived at -72.2 in October vs. -68.0 expectations and September’s -60.5. The Eurozone ZEW Economic Sentiment Index stood at -59.7 in …

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• 18 October 2022 1:53 pm

  Gold rises with the dollar’s decline and fears of raising rates reduce gains

  

  Gold prices rose on Tuesday, as a weaker dollar made bullion more attractive to overseas buyers, although risks from an impending Federal Reserve interest rate hike pared gains. And the gold price in spot transactions rose 0.2 percent to $ 1653.31 an ounce by 0709 GMT. But US gold futures …

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• 18 October 2022 3:27 am

  Market Drivers – US Session 17/10/2022

  

  The US dollar was softer at the beginning of the trading week as UK news impacted global government bonds and the demand on the American currency. The AUD/USD pair trades around 0.6280 after failing to retain gains above 0.6300, while USD/CAD is down to 1.3720, despite discouraging Canadian data. The …

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• 18 October 2022 2:13 am

  Real Rates Could Impose Further Pressure On Gold

  

  Gold resisted higher real rates, strong dollar and fund outflows, but the precious metal is still vulnerable to further decline.Gold is experiencing some buying interest around $1,650.00 despite bets for bigger rate hikes by the Fed. On Monday, the precious metal eased the majority of the gains despite mayhem in …

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• 18 October 2022 1:05 am

  USD/JPY highest since June 1990s

  

  The Japanese yen has hit a new 32-year low. One major question among investors and traders now is: Will the BoJ intervene again this week?The yen has declined nearly 30% against the dollar this year already as the divergence between the US Federal Reserve’s hawkish stance and the Bank of …

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• 18 October 2022 12:12 am

  Wall Street stocks reverse worst Friday downtrend

  

  Wall Street stocks rallied and stayed strong throughout the US trading session. UK political developments in addition to Monday’s softer US dollar and global yields helped to boost risk appetite amid strong corporate earnings. The US dollar slid into support on the daily chart, as illustrated below, while the 10-year …

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• 17 October 2022 11:17 pm

  WTI records daily highs around $87

  

  WTI is paring its earlier losses and prints gains of almost 0.40% on Monday as China’s continuing losing monetary policy, would likely make up for any reduced demand amidst high inflation and an economic deceleration, sparked global recession fears. At the time of writing, WTI is trading at $85.33 per …

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• 17 October 2022 10:19 pm

  GBP/USD rallies as traders appreciate new minister’s plan

  

  The GBP/USD strikes the 1.1400 mark, as the UK’s new Finance Minister, Jeremy Hunt, said, On Monday, that the government changed its course while reiterating that Britain is a country that “pays its debts.” So far, Liz Truss’ U-Turn keeps investors’ mood positive, with global equities trading in the green …

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• 17 October 2022 9:20 pm

  USD/CHF reverses, extends below parity

  

  On Monday, The US dollar is surrendering most of the ground gained last week. The USD/CHF pair has declined by more than 1% from Friday’s highs at 1.0065, to reach session lows below 1.0000 at the time of writing.In the long run, however, the current risk rally is likely to …

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• 17 October 2022 8:23 pm

  UK’s Jeremy Hunt: Many difficult decisions to be announced

  

  The new British Finance Minister Jeremy Hunt is speaking before the House of Commons following the Leader of the House Penny Mordaunt.Earlier on Monday, Hunt announced the UK government will reverse almost all tax measures announced on the mini-budget. Speaking to MPs, UK Finance Minister said that there are still …

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• 17 October 2022 7:23 pm

  BoC: Though inflation eased, it is still elevated

  

  The Bank of Canada released on Monday the Business Outlook Survey for Q3. The report says that “business confidence has softened”, “many firms expect slower sales growth as interest rates rise and demand growth shifts closer to pre-pandemic levels”.The USD/CAD hovers near daily lows after the release hovering around 1.3735, …

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