Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 28 August 2022 9:55 pm

  Financial Markets’ Weekly Recap, August 22-26

  

  Crude oil was the winner of the week on signs of improving fuel demand, so oil surpassed the performance of all other assets, although some market expectations actually occurred during the past week and some other expectations did not.Energy PricesAfter starting the week near the previous week’s lows, oil attempted …

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• 27 August 2022 3:11 am

  Gold loses nearly $25 per ounce after Powell’s speech

  

  After dropping nearly $25 following the highly anticipated speech by Federal Reserve Chair Jerome Powell, gold could be at risk of falling to $1,600 an ounce unless buyers step in to buy the dip, according to analysts. The Fed chair wants to avoid the mistakes of the 1970s, which is …

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• 27 August 2022 2:53 am

  Market Drivers – US Session – Friday, August 26

  

  Jerome Powell’s comments, before Jackson Hole Symposium, have fuel 1,000-point market collapse, on Friday, as stocks slid for a second week. US equities fell after Powell had said the US central bank “won’t back off in its fight against rapid inflation”. The Dow Jones Industrial Average dropped 1,008.38 points, or …

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• 27 August 2022 2:37 am

  Oil price surges on output cutting signals

  

  Oil prices closed higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but trading was volatile as investors digested and ultimately shrugged off warnings from the head of the US Federal Reserve about economic pain ahead.Brent crude futures rose $1.65 to settle at $100.99 a …

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• 27 August 2022 1:33 am

  Crypto companies complain from US sanctions

  

  The Treasury Department is facing complaints from the cryptocurrency industry over sanctions imposed on a firm accused of helping to launder billions of dollars, with some funds going to North Korean hackers.In early August, the Treasury Department imposed sanctions on the virtual currency mixing firm, Tornado Cash, which allegedly helped …

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• 27 August 2022 12:40 am

  US, India make progress on plan to cap Russian oil price

  

  The US and India made progress on price cap talks, according to Wally Adeyemo, the US Deputy Treasury Secretary. India has emerged as one of Russia’s largest oil customers as it snaps up discounted barrels. The comments come after Indian officials have privately expressed reluctance about joining the price cap, …

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• 27 August 2022 12:00 am

  Investors Fleeing Risk Assets Following Powell’s Speech

  

  Cryptocurrencies and stocks both pushed lower following Fed Chair Jerome Powell’s speech today. Both cryptocurrencies and major stock indexes lost value this morning, as global market participants responded to the hawkish language that Federal Reserve Chair Jerome Powell used in his keynote speech at the Jackson Hole Economic Symposium.The price …

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• 26 August 2022 11:19 pm

  Europe Resets Unified Policies To Handle Energy Crisis

  

  Europe’s unified approach to energy dates back to a long time before the Russian invasion of Ukraine, nevertheless the impacted countries that are directly or indirectly under energy shortages could be obliged to watch gas flow past. German cities are a little different this summer. Visitors to the local swimming …

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• 26 August 2022 10:21 pm

  USD Index Heading Higher On Powell’s Hawkish Remarks

  

  The US Dollar Index has surged and managed to regain the uptrend after Fed Chairman Jerome Powell’s speech before Fed’s annual Jackson Hole Symposium, Friday morning, as the US central bank chair stressed that the monetary policymakers do not have the luxury to stop raising interest rates in the coming …

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• 26 August 2022 9:40 pm

  Wall Street selloff accelerates on Powell’s hawkish remarks

  

  Stocks sharply sold off, on Friday, after Fed Chair Jerome Powell said in his Jackson Hole speech the central bank “won’t back off in its fight against rapid inflation”.The Dow Jones Industrial Average dropped 611 points, or 1.85%, after initially seesawing during the Fed chair’s comments. The S&P 500 fell …

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• 26 August 2022 9:25 pm

  Fed’s Mester urges caution on thinking about inflation peak

  

  Cleveland Federal Reserve President Loretta Mester said on Friday that the July inflation report was welcome news but added that she needed to see more convincing data to conclude inflation was coming down, as reported by Reuters.The US Dollar Index showed no immediate reaction to these comments and was last …

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• 26 August 2022 8:43 pm

  Bitcoin Falls On Powell’s Hawkish Remarks

  

  The Federal Reserve chair said households and businesses should prepare for pain as the central bank works to bring down inflation.Bitcoin dropped almost 5% in value within no more than two hours following Fed Chair Jerome Powell’s long-awaited keynote address at the Fed’s Jackson Hole, Wyoming, economic conference on Friday.US …

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• 26 August 2022 7:47 pm

  UoM Consumer Sentiment Index Exceeds Estimates

  

  The University of Michigan Surveys of Consumers Sentiment was revised upwards in August, with the final print arriving at 58.2 vs. the preliminary reading of 55.1 and 55.2 expected.The US dollar index is rebounding firmly above 108.00, as investors assess the upward revision to the consumer sentiment data and Powell’s …

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