Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 14 October 2022 12:17 pm

  Gold is heading to record a weekly loss

  

  Gold prices rose on Friday, supported by the decline in the dollar and US Treasury yields, but increased expectations of another big hike in US interest rates kept the precious metal on course for a weekly decline. And the price of gold in spot transactions rose 0.3 percent to $ …

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• 14 October 2022 7:38 am

  Market Drivers – US Session 13/10/2022

  

  US inflation on Thursday was behind some wild, volatile moves. Fed is widely expected to decide a 75 bps rate hike in November and a peak policy rate of 4.85% in March 2023. The initial reaction to CPI data release the news was negative. Wall Street retreated, yields soared, and …

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• 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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