Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 27 October 2022 11:06 pm

  WTI edges higher on supply concerns

  

  At the time of writing, West Texas Intermediate crude oil is up by over 0.9% trading at $88.92 having recovered from the $87.35 low reaching the $89.78 high so far.Supply concerns have been dominating the market on the back of the United States reporting better-than-expected economic growth data for Q3. …

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• 27 October 2022 10:23 pm

  Amazon to report earnings following disappointing reports

  

  Amazon is expected to report its third quarter earnings after the bell on Thursday. Wall Street’s forecasts refer toi the following:Revenue: $127.63 billion expected versus $110.8 billion in Q3 2021Adjusted Earnings Per Share (EPS): $0.45 expected versus $6.12 in Q3 2021 (after a 20-for-1 stock split)Amazon Web Services (AWS) Net …

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• 27 October 2022 9:41 pm

  GBP/USD falls on US economic growth data

  

  The GBP/USD pair dropped from around 1.1600 after hitting six-week highs at 1.1645 due to overall US Dollar strength on the back of the positive Thursday’s US data showing the economy’s resilience, despite the ongoing monetary policy tightening. US Jobless Claims added to the already positive mood, though Goods Orders …

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• 27 October 2022 8:41 pm

  BoJ Preview: Forecasts from nine major banks

  

  The Bank of Japan will announce its monetary policy decision on Friday, October 28 at 03:00 GMT and as we get closer to the release time, nine major banks have released their expactations on the looming decisionJapanese main interest rate will likely be left at -0.1%, despite inflation standing at …

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• 27 October 2022 7:36 pm

  Expectations of another ECB big rate hike in December

  

  The European Central Bank raised the key interest rates by 75 basis points on Thursday, as expected. Analysts at Commerzbank, point out Christine Lagarde sounded dovish at the press conference but they still see that another big rate hike for the December meeting remains on the table. Key Quotes: “After …

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• 27 October 2022 5:45 pm

  Lagarde speech: Depreciation of the euro has added to inflation

  

  Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the press following the Governing Council’s decision to hike key rates by 75 basis points in October. “Supply bottlenecks are easing.”“Depreciation of the euro has added to inflation.”“Price …

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• 27 October 2022 5:43 pm

  US economy grows at an annualized rate of 2.6% in Q3

  

  The US economy expanded at an annualized rate of 2.6% in the third quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. This reading followed the 0.6% contraction recorded in the second quarter and came in slightly better than the market expectation for a growth of …

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• 27 October 2022 5:12 pm

  Gold falls with the rise of the dollar and investors await economic data

  

  Gold prices fell on Thursday as the dollar rose, while investors awaited economic data amid expectations that the Federal Reserve may slow the pace of interest rate hikes after November. And gold fell in spot transactions 0.1 percent to $ 1662.79 an ounce by 0952 GMT, and US gold futures …

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• 27 October 2022 4:15 pm

  ECB hikes key rates by 75 basis points in October as expected

  

  The European Central Bank (ECB) announced on Thursday that it raised its key rates by 75 basis points (bps) following the October policy meeting as expected. With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility …

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• 27 October 2022 3:53 pm

  ECB Press Conference: Lagarde speech live stream – October 27

  

  Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook at a press conference at 12:45 GMT. Follow our live coverage of ECB’s policy announcements and the market reaction.

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• 27 October 2022 3:08 pm

  Oil rises thanks to strong US crude exports

  

  Oil prices rose on Thursday, October 27, to continue rising more than 3% in the previous session, supported by record-high US crude exports and a weak dollar. Still, persistent concerns about weak demand in China limited gains in Asia. By 03:32 GMT, Brent crude futures rose 20 cents, or 0.2%, …

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• 27 October 2022 2:11 pm

  USD rises after intense selling, JPY rises

  

  The dollar rose on Thursday after falling earlier to its lowest level in a month in volatile trading ahead of the European Central Bank’s expected interest rate hike. Meanwhile, the yen gained some strength ahead of the Bank of Japan’s monetary policy decision on Friday, rising to 145.11 against the …

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• 27 October 2022 1:05 pm

  European stocks fall on anticipation of a rate hike

  

  European shares opened lower on Thursday as investors remained cautious ahead of a widely expected decision by the European Central Bank to raise interest rates, as well as the troubled Swiss bank Credit Suisse unveiling restructuring plans. The pan-European Stoxx 600 index fell 0.3 percent after closing at a five-week …

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