Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 31 October 2022 3:40 pm

  Turkish Defense Minister: Suspending the grain agreement will not benefit any party

  

  Turkish Defense Minister Hulusi Akar said on Monday that suspending the agreement to export grain from the Black Sea will not benefit any of the parties involved, after Moscow suspended its participation in the initiative. Akar stated that he will hold a phone conversation with his Russian counterpart Sergei Shoigu …

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• 31 October 2022 3:02 pm

  Eurozone Preliminary Inflation soars 10.7% YoY in October

  

  The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumped by 10.7% in October vs. September’s 9.9%, the latest data published by Eurostat showed on Monday. The market forecast was for a 9.8% print. The core figures climbed to 5.0% YoY in October when compared to 4.9% expectations and 4.8% …

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• 31 October 2022 2:03 pm

  Russia accuses British Navy of Nord Stream 1 bombings

  

  Russia’s Ministry of Defense on Saturday made an explicit accusation against British naval personnel over their involvement in last month’s Nord Stream 1 gas pipeline bombings. Russia has not provided any evidence for its claim that a prominent member of NATO – such as Britain – has contributed to sabotaging …

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• 31 October 2022 1:33 pm

  European shares slip ahead of inflation data

  

  European shares fell on Monday, led by lower energy and mining shares, while investors awaited the key inflation reading in the eurozone, which is likely to show prices rose to new record levels in October. The pan-European Stoxx 600 index fell 0.1 percent after closing higher on Friday, while the …

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• 31 October 2022 12:51 pm

  Eurozone HICP Forecasts

  

  Eurostat will release Harmonised Index of Consumer Prices (HICP) data for October on Monday, October 31 at 10:00 GMT. As we get closer to the release time, here are the expectations forecast by the economists and researchers of three major banks regarding the upcoming EU inflation print. TDS “We look …

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• 31 October 2022 12:09 pm

  Japan’s Nikkei closes at 6-week high as technology shares rise

  

  Japan’s Nikkei index closed at a six-week high on Monday, October 31, tracking Wall Street’s strong close in the previous session, with technology stocks topping the list. The Nikkei rose 1.78% to 27,587.46 points, its highest level since Sept. 20, and its biggest one-day gain since Oct. 14. The broader …

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• 31 October 2022 11:18 am

  Gold prices are heading towards achieving their seventh monthly loss in a row

  

  Gold prices headed for a 7th consecutive monthly loss Monday, October 31st due to pressure from inflated US interest rates as cautious investors focus on the US Federal Reserve meeting for clues on its future position. The price of gold settled in spot transactions at $ 1642.55 an ounce at …

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• 31 October 2022 10:33 am

  Oil falls due to Covid restrictions and weak factory activity data in China

  

  Oil prices fell on Monday after weaker-than-expected factory activity data from China and on concerns that the expansion of COVID-19 restrictions could curb demand. Brent crude futures fell 63 cents, or 0.7 percent, to $95.14 a barrel by 0420 GMT, after falling 1.2 percent on Friday. US West Texas Intermediate …

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• 31 October 2022 8:26 am

  Markets’ Weekly Recap, October 24-28

  

  The yen fell on Friday as the Bank of Japan stuck to its accommodative policy. At the same time, the dollar attempted to recover from losses at the weekend on expectations that the Federal Reserve would signal a slowdown in interest rate hikes. The dollar was last up 0.8 percent …

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• 29 October 2022 3:45 am

  Market Drivers -US Session 28/10/2022

  

  The US Dollar Index, a gauge of the buck’s value vs. a basket of its rivals, advances 0.30% at 110.895. Market participants turn to the next week’s Open Market Committee (FOMC), in which most analysts expect the Fed to hike rates by 75 bps. However, December’s meeting is split between …

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• 29 October 2022 2:33 am

  GBP/JPY touches six-year highs

  

  The GBP/JPY registered strong gains during the week of 2.72%. The Bank of Japan intervention gave GBP/JPY buyers a better entry price around the weekly lows of 165.43.The GBP/JPY pair is still upward biased, about to test the February 2016 high at 175.01. The pair also rallies to fresh six-year …

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• 29 October 2022 12:57 am

  Gold retreats as US dollar strengthens

  

  Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as the US dollar and US Treasury yields surged. The most active gold contract for December delivery fell 20.8 U.S. dollars, or 1.25 percent, to close at $1645.20 per ounce at the time of writing …

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• 29 October 2022 12:04 am

  Bezos Versus Yellen, Is US In A Recession?

  

  Treasury Secretary Janet Yellen said that she did not see signs of a recession in the near term as the US economy rebounded from six months of contraction.Yellen also noted the third quarter GDP data released Thursday underscored the strength of the US economy less than two weeks from the …

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