Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 25 October 2022 10:42 am

  The World Bank provides an additional $500 million to Ukraine

  

  The World Bank said on Monday it has provided an additional $500 million to help Ukraine meet urgent spending needs caused by Russia’s Feb. 24 invasion and ongoing war on its soil. This came on the eve of a conference in Berlin on Tuesday where world leaders, development experts and …

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• 25 October 2022 2:54 am

  Market Drivers – US Session 24/10/2022

  

  The US dollar began the trading week with negative performance, extending its Friday’s decline at the opening, but the dollar gradually edged higher as the day went by. The American currency closed with modest gains against most major rivals while traders and investors are eying significant events scheduled later in …

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• 25 October 2022 2:26 am

  Is Bitcoin Able To Recover?

  

  Bitcoin is now trading at $19,3315, which is obviously lower than the previous highest highs of $69,000. The most famous cryptocurrency lost -$256.70 on Monday. With inflation increasing in the US, Bitcoin struggles to recover. The macroeconomic climate seems too difficult for Bitcoin and investors have realized that gains will …

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• 25 October 2022 1:54 am

  US shares Rally on earnings, interest rate expectations

  

  US shares rallied for a second straight session while investors focus on some of the world’s biggest companies to report earnings this week. Traders also spiced their expectations and bets on whether the US central bank could slow its pace of interest-rate hiking after digesting negative economic data released on …

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• 25 October 2022 12:23 am

  GBP/USD retreats after Sunak effect relinquishment

  

  The British pound retreats below 1.1300 after failure at the 1.1400 area. Traders and investors have broadly welcomed Rishi Sunak’s victory and markets hope to steady under his upcoming government.The GBP/USD pair trades at 1.1278 at the time of writing. The asset aims at 1.11/1.12 if 1.1400. The sterling is …

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• 25 October 2022 12:10 am

  USD/CHF consolidates after rebounding from 1.0145

  

  The US dollar has restored the 112.014 level after it had declined from 1.0145 to find support at 0.9965. The dollar is also consolidating in the calm US market session.The US dollar has been trading sideways against the Swiss Franc on Monday. The pair has remained moving roughly between 0.6965 …

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• 24 October 2022 11:08 pm

  Gold futures lower after Friday’s wild surge

  

  Gold prices finished Monday with a shy loss, following a wild soaring in the final session of last week that saw prices for the precious metal briefly dip to fresh lows. Gold was not stable to begin the week, as the bears have been able to pull the rope to …

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• 24 October 2022 10:34 pm

  WTI bounces up despite risk off mood

  

  Oil prices are trimming their losses after bouncing up from the $82.55 level. There are concerns about the Chinese zero-COVID policy. Such concerns do hurt crude oil.The lower US oil reserves have avoided a further decline in prices. WTI futures have picked up following the negative market opening on Monday. …

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• 24 October 2022 9:42 pm

  Who is Rishi Sunak, UK new prime minister?

  

  Who is Rishi Sunak? What does it mean that he became UK new prime minister? Rishi Sunak is now the new leader of the UK’s Conservative Party, the Torys. He is Britain’s next prime minister after both the leading candidates considered his rivals in the race to replace Liz Truss …

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• 24 October 2022 8:17 pm

  USD/CAD surges despite poor US data

  

  The USD/CAD pair trims some of last Friday’s losses, so it is up by 0.46% on Monday. Worse-than-expected US economic data and a risk-off mood in are among factors that significantly boosted the US Dollar.The USD/CAD marches firmly amid a risk aversion due to S&P Global PMIs hinting that global …

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• 24 October 2022 7:04 pm

  US Dollar Ignores Suspected Japan’s intervention

  

  The dollar rallied on Monday, and seems to ignore the suspected Japanese intervention. The American currency, instead, is sending China’s offshore yuan to record lows, while the British pound hesitated as Britain’s Conservative party raced to choose its third leader this year, eventually Rishi Sunak won both leadership of the …

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• 24 October 2022 5:28 pm

  UK: Rishi Sunak to become next UK PM after winning leaderchip contest

  

  Sir Graham Brady, chair of the 1922 Committee, announced on Monday that Rishi Sunak is elected as leader of the Conservative Party and new prime minister following Penny Mordaunt’s decision to drop out of the contest. Sunak will reportedly deliver a private speech to Tory MPs at 1430 GMT.

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• 24 October 2022 4:13 pm

  Gold prices are falling with the rise of USD

  

  Gold prices fell on Monday (October 24th) as the dollar rose as investors sought to clarify whether the US Federal Reserve would ease monetary policy. And the price of gold in spot transactions fell 0.4% to $ 1650.77 an ounce by 0754 GMT, while US gold futures fell 0.1% to …

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