Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 14 October 2022 1:01 am

  Gold prices depart daily lows after CPI data

  

  Gold bounced up from $1,642 lows and returned to the $1,665 area. Gold is trading at $1,666 at the time of writing. Gold futures are retracing previous losses during Thursday’s US trading session, favoured by a broad-based USD pullback. The precious metal has bottomed at a two-week low of $1,642 …

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• 13 October 2022 10:58 pm

  White House looks for positive side of CPI data

  

  The White House said there is indicator of progress in Thursday’s inflation reading though the Federal Reserve is expected to respond by aggressively by raising interest rates once again in November’s meeting.September’s CPI, measuring the changes in prices for a slate of consumer goods and services, showed that American consumers …

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• 13 October 2022 10:05 pm

  US stocks find surging momentum on US CPI

  

  US stocks are strongly back into the green territory, putting on a short squeeze following the pre-market and opening selloff that ensued on the back of hot Consumer Price Index data. Stocks plunged to lows for the year but bulls moved in at a big discount, sending the Dow Jones …

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• 13 October 2022 9:14 pm

  EUR/USD climbs after hot inflation data

  

  The EUR/USD dived to a daily low of 0.9631 as a reaction to US inflation, but the pair was able to recover later. CPI jumped more than estimated by 6.6% YoY, topping August 6.3%. Contrarily, headline inflation edged lower from the previous month’s 8.3% to 8.2%, almost 1% lower than …

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• 13 October 2022 8:25 pm

  US dollar still has chance to surge

  

  The US dollar is maintaining the best performance across the board. Economists forecast that the next phase of US dollar’s resilience will be less linear than it has been in 2022.In the light of Thursday’s CPI reading, Fed has to keep going at 75 bps increases and the US dollar …

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• 13 October 2022 7:28 pm

  WTI pressured on risk aversion after CPI data

  

  The West Texas Intermediate crude oil is under pressure during the US trading session following US hot inflation reading release that has caused risk aversion across financial markets.At the time of writing, WTI is down around 0.6% is recovering to the $88.28 high after managing to rise from earlier fresh …

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• 13 October 2022 5:57 pm

  Pound rose in volatile trading, and yen fell near the 1998 level

  

  The British pound rose on Thursday in volatile trade as investors awaited the imminent deadline set by the Bank of England to end its emergency bond purchase program. The fragile yen approached a new 24-year low as markets worried before US inflation data was released later on Thursday, looking for …

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• 13 October 2022 4:50 pm

  US annual CPI inflation declines to 8.2% in September

  

  The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 8.2% on a yearly basis in September from 8.3% in August. This reading came in higher than the market expectation of 8.1%. The Core CPI, which …

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• 13 October 2022 4:31 pm

  IEA: OPEC+ cuts could push the world into recession

  

  The International Energy Agency said on Thursday that the decision of the OPEC + group of oil producers last week to curb production led to higher prices and could push the global economy into recession. It stated in its monthly oil report that with persistent inflationary pressures and higher interest …

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• 13 October 2022 2:24 pm

  Germany starts receiving gas directly from France

  

  French gas pipeline operator GRTgaz said on Thursday that Germany received its first direct deliveries of gas from France via a pipeline link, under an agreement aimed at helping the two countries deal with current energy supply problems. France is less dependent on Russian imports from Germany because it gets …

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• 13 October 2022 1:48 pm

  European shares continue to decline and attention turns to US inflation data

  

  European shares fell on Thursday, dragged down by technology and real estate stocks, while investors focused on US inflation data to be released later on Thursday for indications of the direction of the Federal Reserve’s rate hike. By 0714 GMT, the pan-European Stoxx 600 index fell 0.6 percent, to record …

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• 13 October 2022 12:51 pm

  Nikkei falls as market focuses on US inflation data

  

  Japanese stocks fell on Thursday, as investors awaited important US inflation data that could influence central banks’ statements around the world regarding interest rate hikes. The Nikkei index started the session higher, but gave up its early gains and fell 0.6 percent to close at 26,237.85 points. The broader Topix …

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• 13 October 2022 11:30 am

  Annual inflation in Germany rose to its highest level in its history in September

  

  Inflation in Germany rose for the month of September of 2022 to record 10%, in line with expectations, to be at its highest levels in its history. The annual inflation in Germany was 7.9% in August of this year. This high inflation rate, the highest rate ever, highlights the impact …

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