Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2023

• 30 October 2023 10:39 pm

  Do private equities constitute a risk for US economy?

  

  With a focus on short-term profits from highly leveraged transactions with little regulatory or public scrutiny, private equity has grown to be a multitrillion dollar industry. Because of this secrecy, companies can behave carelessly and are harder to prosecute. For example, the amount of private equity invested in nursing homes …

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• 30 October 2023 9:43 pm

  GBP/JPY falls before BoJ rate decision

  

  The GBP/JPY pair is falling further on Monday, having dropped from 182.00. The yen is strengthening ahead of Tuesday’s BoJ report. Low-impact UK data for Monday was largely negative, the final poor result before Thursday’s BoE.The GBP/JPY is currently trading at 181.00, and if traders of the pound sterling (GBP) …

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• 30 October 2023 9:04 pm

  Yen surges ahead of BoJ’s yield curve control

  

  The Japanese Yen has strengthened against the US dollar following a report by Nikkei Asia that the Bank of Japan is prepared to adjust its Yield Curve Control (YCC) framework to allow the yield on the 10-year Japanese government bond to rise above 1%.This move is seen as necessary due …

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• 30 October 2023 7:41 pm

  BoJ Preview: No policy change, another tweak to YCC probable

  

  On October 31, the Bank of Japan is scheduled to hold its Monetary Policy Committee meeting. Researchers and economists predict that policy won’t change, but opinions on whether to make another adjustment to Yield Curve Control (YCC) will differ. The benchmark 10-year JGB yield is getting close to reaching its …

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• 30 October 2023 6:24 pm

  World Bank: Commodity prices could spike on Middle East, West Asia Conflicts

  

  The World Bank predicts that the prolonged conflict in the Middle East will lead to a sharp increase in the price of commodities, especially natural gas and oil. Since the conflict began, energy prices have already increased by 9%, and there may be more shocks ahead. This scenario is similar …

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• 30 October 2023 5:53 pm

  Dallas Fed Survey: Business Conditions Worsened in October

  

  The general business activity index in the Dallas Fed’s Texas Manufacturing Outlook Survey (TMOS) decreased by 1.1 points in October, marking the second consecutive month of declines. However, the production index showed growth in Texas factory activity after four months in negative territory. The capacity utilization index also showed a …

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• 30 October 2023 5:23 pm

  Gas prices rise in Europe on declining imports from Egypt, Norway’s outages

  

  Gas prices rose in the Netherlands and Britain on Monday morning, October 30, driven by news that Egyptian gas imports would stop, which will consequently affect its exports of liquefied natural gas. Cold weather and unscheduled outages in Norway also supported prices. The Dutch November benchmark natural gas contract rose …

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• 30 October 2023 3:21 pm

  European stocks rise, supported by the healthcare sector, as bond yields decline

  

  European stocks rose in early trading on Monday, supported by health care shares, as bond yields fell while investors evaluated key inflation data. By 0826 GMT, the European STOXX 600 index rose 0.8 percent after falling more than four percent in the past two weeks. Sovereign bond yields in the …

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• 30 October 2023 2:11 pm

  The German economy recorded a slight contraction in Q3

  

  Data showed on Monday that the German economy recorded a slight contraction in the third quarter, as the performance of the largest economy in Europe is still affected by weak purchasing power and high interest rates. The Federal Statistics Office said that the gross domestic product fell 0.1 percent on …

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• 30 October 2023 1:24 pm

  USD keeps the yen near the 150

  

  The dollar stabilized in cautious trading on Monday and kept the yen near the 150 level, as traders awaited financial policy decisions from the Bank of Japan this week, meetings of major central banks, and a series of important economic data from around the world. On Monday, the Bank of …

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• 30 October 2023 12:19 pm

  Nikkei index closed lower ahead of the US and Japanese central bank meetings

  

  Japan’s Nikkei index fell on Monday, tracking declines on Wall Street in the previous session and affected by caution ahead of meetings of the Japanese and US central banks. The Nikkei index closed down 0.95 percent at 30,696.96 points, while the broader Topix index closed down 1.04 percent at 2,231.24 …

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• 30 October 2023 11:46 am

  Oil falls by one percent ahead of Data

  

  On Monday, oil prices fell by more than 1% as investors exercised caution in anticipation of the Federal Reserve’s monetary policy meeting and China’s manufacturing data release later in the week. This caution overshadowed the support generated by heightened tensions in the Middle East. At 0350 GMT, Brent crude futures …

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• 30 October 2023 6:08 am

  Financial Markets’ Weekly Recap

  

  Last week, the US dollar demonstrated remarkable resilience, propelled upwards by robust growth indicators in the United States and an escalating demand for safe-haven assets triggered by mounting geopolitical tensions in the Middle East. The Israeli army’s limited incursions into the Gaza Strip stirred renewed concerns, leading to a surge …

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