Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 10 August 2022 12:01 pm

  Nikkei falls, dragged down by chip stocks

  

  Japan’s Nikkei fell on Wednesday, dragged down by chip-related shares after technology company Micron led the decline in US technology shares Tuesday night, while investors awaited data that could influence the Federal Reserve’s tightening path. The Nikkei closed down by 0.65 percent at 27,819.33 points, and the broader Topix index …

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• 10 August 2022 3:24 am

  Market Drivers – US Session – Tuesday, August 9

  

  All market players are standing on their toes to find clues and directions from the most awaited US inflation data to be released on Wednesday. The US dollar extended its weekly decline throughout the first hours of the trading session, but later the dollar managed to recover some ground during …

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• 10 August 2022 3:09 am

  Coinbase shares drop on Q2 billion-dollar loss

  

  It was a challenging quarter for Coinbase from an operational perspective. The company said it had 9 million monthly transacting users during the second quarter, down from 9.2 million in the first quarter but more than the estimated 8.7 million. Macroeconomic and cryptocurrency credit resulted in lower trading volume during …

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• 10 August 2022 2:25 am

  Roblox shares dip 12%, earnings miss expectations

  

  Roblox reported its Q2 results on Tuesday. Earnings missed estimates on the top and bottom lines. Loss per share is 30 cents versus 21 cents expected. The company’s revenue is $639.9 million versus $644.4 million expected, and shares fell more than 12% in after-hours trading.The revenue figure is what Roblox …

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• 10 August 2022 1:11 am

  Fed’s Bullard wants rates at 4% by December 2022

  

  The Federal Reserve will get prepared to hold interest rates “higher for longer” in case inflation continue to surprise to the upside, and market pricing will need to adjust accordingly, Fed’s St. Louis president James Bullard said on Tuesday who wants rates at 4% by the end of the year. …

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• 10 August 2022 12:30 am

  Oil ends lower amid EU-Russia tensions

  

  Oil futures ended session lower on Tuesday after attempts to make gains due to the energy related row between Moscow and Brussels. The row referred to above was to give a push to oil, but US futures settled down at the end of today’s session because of inflation fears a …

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• 9 August 2022 11:22 pm

  Gold rises as US dollar rattled by inflation fears

  

  Gold futures ended session higher on Tuesday buoyed by dollar weakness ahead of US inflation readings due to be released next Wednesday amid forcastes inclined to lower inflation in July. Gold settled at 1793 USD per ounce versus last Monday close at 1788 USD per ounce.  The low of the …

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• 9 August 2022 9:59 pm

  Oil edges higher as supply constraint fears renewed

  

  Oil edged up on Tuesday, reversing an early decline as worries about tightening supply were revived after Russia said oil exports to Europe on the southern leg of the Druzhba pipeline had been suspended since early August.Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg …

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• 9 August 2022 9:10 pm

  EIA: Global oil demand to rise by 2.08 million bpd in 2022

  

  The global oil demand is expected to rise by 2.08 million barrels per day (bpd), down from 2.23 million in the previous forecast, to 99.43 million bpd in 2022, the US Energy Information Administration said in its latest monthly report, as reported by Reuters.Crude oil prices continue to push lower …

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• 9 August 2022 8:20 pm

  USD/CAD firmly advances towards 1.2900

  

  The USD/CAD pair has erased some of Monday’s losses and is now gaining about 0.24% at the time of writing.The diminished market sentiment keeps safe haven currencies like the US dollar in a positive situation. Investors brace for US Consumer Price Index for July, with headline inflation estimated to fall.The …

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• 9 August 2022 7:57 pm

  US Nonfarm Productivity Falls 4.6% in 2Q

  

  US labour productivity declined for the second consecutive quarter as overall economic output contracted and employers spent more on labor as they added workers.US nonfarm labor productivity is a measure of goods and services produced in the US per hour worked, fell at a seasonally adjusted annual rate of 4.6% …

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• 9 August 2022 7:13 pm

  US soaring inflation could ease in July, forecast by nine major banks

  

  The US Bureau of Labor Statistics will release July’s CPI data on Wednesday, August 10 at 12:30 GMT and as markets get closer to the release time, forecasts by the economists of nine major banks regarding the upcoming US inflation print expect inflation to ease down.Economists expect inflation to decelerate …

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• 9 August 2022 5:17 pm

  Oil prices rise after supply stops via Russian pipeline

  

  Oil prices rose by more than $1 on Tuesday, after falling earlier, after Russia said that oil exports to Europe through the southern part of the Druzhba pipeline had been suspended since early August, reviving concerns about a supply shortage. Russia’s pipeline monopoly Transneft said Ukraine had suspended the flow …

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