Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 17 August 2022 3:08 am

  Gold Price Pressured Ahead Of FOMC Minutes

  

  Gold price holds lower ground near one-week low after two-day downtrend. Mixed sentiment as well as the pre FOMC Minutes anxiety have kept the Gold Index stuck. Recession-related fears have been renewed and even gained major attention with China, Europe in focus.FOMC Minutes will be eyed closely to confirm 75 …

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• 17 August 2022 2:11 am

  WTI hits six-month on Iranian deal, recession fears

  

  Western Texas Intermediate crude oil has dropped from 1% to 3%, extending its losses to three consecutive days. Mixed US data and weaker Industrial Production as well as Retail Sales from China keep producers uncertain of total oil requirements. The Iran nuclear deal agreement would free additional crude to the …

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• 17 August 2022 1:04 am

  Could FOMC Minutes Drive Fed’s Next Rate Hike Decision?

  

  Markets are awaiting the FOMC Meeting Minutes to decide on the size of the next Fed hike. FOMC will publish the July meeting minutes on Wednesday, August 17 at 18:00 GMT.Policymakers are likely to reiterate their commitment to monitor the data closely. The US dollar started the new week on …

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• 17 August 2022 12:14 am

  Explainer: Significance Of Yield Curve Inversion

  

  In the US, Treasury yields rose due to the recession worries and along with the concerns that the Federal Reserve will continue its steep interest rate hikes despite nascent signs of a slowdown in inflation. Several Fed policymakers have spoken of the need for continued rate hikes despite the lower-than-expected …

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• 16 August 2022 11:25 pm

  AUD/USD pressured on key data

  

  AUD/USD bulls move in to put the Aussie into the green for the day. China and recession worries flared up a flight to the US dollar. The AUD/USD pair has been pressured on Tuesday after weak global economic data, particularly in China, reignited global recession fears. The safe-haven US dollar …

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• 16 August 2022 10:08 pm

  Earnings Push Dow 267 points higher

  

  Strong earnings announced by Walmart and Home Depot helped push Dow Jones and the S&P 500 indexes on Tuesday. Shares of both companies are trading higher Tuesday afternoon, sending the Dow Jones Industrial Average into the green territory. The Dow DJIA was most recently trading 267 points (0.8%) higher, as …

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• 16 August 2022 9:25 pm

  US: Atlanta Fed GDPNow for Q3 declines to 1.8%

  

  According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 1.8% in the third quarter, down from 2.5% in the previous estimate.“After recent releases from the US Department of the Treasury’s Bureau of the Fiscal Service, the US …

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• 16 August 2022 8:06 pm

  Germany’s nuclear power plants kept running

  

  The German government plans to keep the last three nuclear power plants operational, the Wall Street Journal reported on Tuesday.After having shut down three of the six remaining power plants back in January, German economy and environment ministers reaffirmed in March that the costs and risks of keeping nuclear facilities …

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• 16 August 2022 7:12 pm

  Walmart CFO comments on spending

  

  Walmart’s business looks to have stabilized after surging inflation for food and gas weighed on the company’s guidance a few weeks ago. The world’s largest retailer revised its full year guidance for profits to drop 9% to 11% from a prior range for a 11% to 13% decline.Walmart stock popped …

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• 16 August 2022 6:47 pm

  The RBNZ may take a more hawkish tilt

  

  The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, August 17 at 02:00 GMT. After July’s central bank meeting, the RBNZ hinted at concerns about slowing growth. Even heading into July’s meeting, the Bank of New Zealand head of research warned that the latest …

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• 16 August 2022 6:35 pm

  Market Drivers – European Session 16/8/2022

  

  European shares extended gains for the fifth consecutive session on Tuesday, supported by the mining and defense sectors, although fears of a possible recession limited the pace of the indices’ upside. An internal European Union document shows the bloc plans to fivefold financial support for an African military mission in …

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• 16 August 2022 5:14 pm

  Annual CPI declines to 7.6% in July

  

  As measured by the Consumer Price Index (CPI), inflation in Canada declined to 7.6% yearly in July from 8.1% in June, the data published by Statistics Canada revealed on Tuesday. This print came in line with the market expectation. The Bank of Canada’s (BOC) Core CPI, which excludes volatile food …

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• 16 August 2022 4:36 pm

  Dollar rises amid concerns about China’s growth

  

  The dollar rose to a one-week high on Tuesday, August 16, after weak data on the global economy, particularly in China, raised fears of a recession and cast a shadow over currencies such as the Australian dollar. The dollar index, which measures the greenback’s performance against a basket of currencies, …

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