Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 25 August 2022 2:47 pm

  European shares rise, supported by the energy sector

  

  European shares rose on Thursday after gross domestic product data from Germany, the continent’s largest economy, beat analysts’ expectations. At the same time, concerns ahead of the minutes of the European Central Bank’s latest meeting limited gains. The pan-European Stoxx 600 index was up 0.6 percent by 0712 GMT. Energy …

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• 25 August 2022 2:46 pm

  Gold rises as the dollar slips amid anticipation of signs on inflation and rates

  

  Gold prices rose for a third consecutive session on Thursday, supported by the dollar’s decline as investors looked to the Jackson Hole Economic Symposium for clues on inflation and the interest rate path from the US Federal Reserve. Spot gold rose 0.8 percent to $1,764.39 an ounce by 0927 GMT. …

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• 25 August 2022 1:35 pm

  The dollar is falling from its highest level in two decades

  

  The US dollar retreated from its highest level in two decades against a basket of major currencies on Thursday, as investors awaited the speech of Federal Reserve Chairman (US Central Bank) Jerome Powell in anticipation of recent indications regarding the course of monetary policy. The Australian dollar has outperformed its …

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• 25 August 2022 12:30 pm

  UK car production rises for the third consecutive month

  

  UK car production rose for the third consecutive month in July, up 8.6% to 58,043 units, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The performance must be set in a context, however, as it is compared with July 2021, which was …

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• 25 August 2022 11:46 am

  Oil rises, supported by a possible OPEC + supply cut

  

  Oil prices rose on Thursday on mounting concerns over supply shortages amid disruptions to Russian exports, possible production cuts by major oil producers and the partial shutdown of a refinery in the United States. By 0630 GMT, Brent crude rose 45 cents, or 0.4 percent, to $101.67 a barrel, while …

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• 25 August 2022 11:00 am

  Japan’s Nikkei halts 5 sessions of decline

  

  Japan’s Nikkei index halted a five-session decline on Thursday, boosted by gains in drug and technology makers, as investors awaited the Federal Reserve’s Jackson Hole conference for any clues on the pace of interest rate hikes. The Nikkei index rose 0.58 percent to 28,479.01 points, and the broader Topix index …

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• 25 August 2022 4:34 am

  Market Drivers – US Session – Wednesday, August 24

  

  Investors have an eye on digesting the latest US economic data and another eye on the signals that could be contained in Fed Chair Jerome Powell’s speech before Jackson Hole Symposium on Friday. Fed’s annual event will host global economists and policymakers to discuss a variety of topics. Market players …

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• 25 August 2022 3:17 am

  US Shares end higher as focus shifts to Jackson Hole

  

  Wall Street closed higher on Wednesday, lifted by gains in energy stocks while investors await Federal Reserve’s Jackson Hole conference later this week.Intuit Inc rallied by 4% after the accounting software maker forecast upbeat fiscal 2023 revenue, providing reasonable boost for the tech-heavy NasdaqAfter the bell, Salesforce Inc (CRM.N) dipped …

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• 25 August 2022 12:42 am

  WTI rises on US-Iran Talks, US Stockpiles data

  

  After fluctuating in a choppy trading session on Wednesday, West Texas Intermediate rose 1.2% to settle near $95 per barrel. The Energy Information Administration data showed that US crude stockpiles fell amid record petroleum exports. Meanwhile, the US sent its response to the EU’s latest proposal to rescue the 2015 …

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• 25 August 2022 12:18 am

  USD/JPY Reacts To Dollar’s Cautious Rally

  

  The USD/JPY pair is facing daily resistance as well as a break of the hourly trendline support that is expected to expose the asset at the 137’s figure. The asset is trading at 137.14 at the time of writing.A break below the said level could open the way for a …

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• 24 August 2022 11:48 pm

  EUR/USD pressured post short rebound

  

  US dollar loses some momentum on risk appetite as attention shifts to Jackson Hole. The EUR/USD pair looks unable to recover 1.0000, and instead, holds near 20-year lows.The EUR/USD rose from the daily low at 0.9907 to 0.9998 in a few minutes around the London fix, on the back of …

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• 24 August 2022 11:02 pm

  Have Comments By Fed’s Kashkari Pushed Treasury yields Higher?

  

  Treasury yields advanced Wednesday morning, led by the 2-year maturity which reflects the near-term path of Fed’s policy, as investors digested hawkish comments from regional central-bank official Neel Kashkari.On Tuesday, Kashkari, president of the Minneapolis Fed, said that the central bank needs to push ahead with tightening monetary policy until …

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• 24 August 2022 10:26 pm

  Gold has chance for correction ahead of Jackson Hole

  

  Gold has extended its bullish correction to the 38.2%$ ratio target and now has a chance of a deeper correction. Jackson Hole symposium is looming and signals by Jerome Powell are most awaited for direction and clues.The dollar benefited from higher US yields following the demand from domestic and international …

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