Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 19 August 2022 1:14 am

  Will EUR/USD retouch parity ahead of the weekend?

  

  The EUR/USD slides below the 1.0100 figure for the first time since July 27, as EUR sellers eye a daily close below 1.0096, which could pave the way for retesting the parity level. At the time of writing, the EUR/USD is trading at 1.0089, well below its opening price, after …

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• 19 August 2022 12:34 am

  XTZ traders will stick to their screens for next 48 hours

  

  Tezos price could take a key turn lower today after the bullish print on Wednesday. XTZ price is at the mercy of global markets which are rolling over on Thursday. Tezos price action has witnessed some gains evaporating in late hours trading on Wednesday after the Fed minutes were released. …

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• 18 August 2022 11:39 pm

  US crude refineries aim to run full capacity in Q3

  

  US crude oil refineries plan to keep running near “Full Capacity’’ this quarter, according to executive directors and market estimates, as refiners broadly decide to put aside worries about recession and sliding retail prices to deliver more fuel.The operating levels will keep US gasoline prices below spring highs while providing …

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• 18 August 2022 10:51 pm

  Fed’s Bullard Favours 0.75 Percentage Point Rate Hike In September

  

  St. Louis Fed Governor, James Bullard said, on Thursday, that he is not prepared to assume that inflation surge has peaked in the United States.Markets have generally surged as investors price in a soft landing for the US economy and the end of peak inflation. But once the US dollar …

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• 18 August 2022 10:22 pm

  Turkish Interest-Rate Cut Quakes Investors

  

  The Turkish lira fell Thursday, after a surprise interest-rate cut has been decided by the country’s central bank. Similarly; Turkey’s bonds were subject to broad selloff, and investors now react by moving price in a higher risk of sovereign default, after the country’s central bank unexpectedly had decided cut interest …

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• 18 August 2022 9:18 pm

  EUR/USD Retreats To Three-week Lows On Stronger Dollar

  

  The EUR/USD pair is under pressure. The EUR/USD pair sharply dropped during the US session and is obviously facing increasing bearish pressure near a critical support at 1.0110. A break below 1.0100 would bring about parity.On Thursday, the pair touched the 1.0107 level which is, in fact, the lowest level …

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• 18 August 2022 8:24 pm

  FOMC minutes weigh on risk appetite

  

  Emerging market stocks and currencies fell on Thursday on the signals by Wednesday’s FOMC Minutes. The minutes obviously signaled further US interest rate hikes. MSCI’s index of emerging market stocks retreated 0.6%, set for their worst session in two weeks, while its currencies counterpart MIEM00000CUS was on course for its …

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• 18 August 2022 7:46 pm

  OPEC’s Top Official: Relatively optimistic on oil outlook for 2023

  

  OPEC’s new secretary general Haitham al-Ghais said on Thursday that he was relatively optimistic on the oil market outlook for 2023 and added that the world was dealing with economic pressures of inflation in a very good way.“I want to be very clear about it – we could cut production …

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• 18 August 2022 7:03 pm

  US Existing Home Sales Decline In July

  

  This morning’s release of the July Existing-Home Sales has showed that sales fell to a seasonally adjusted annual rate of 4.81 million units from the previous month’s 5.11 million. Expectations mentioned 4.89 million. The latest number represents a 5.9% decrease from the previous month and a 20.2% decrease YoY.The National …

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• 18 August 2022 5:49 pm

  The dollar maintains its gains as Fed continues its battle with inflation

  

  The dollar touched its highest level in three weeks on Thursday after the release of the minutes of the Federal Reserve’s meeting for the month of July, which indicated the continuation of raising US interest rates for a longer period to reduce inflation. The dollar’s rally caused sterling to briefly …

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• 18 August 2022 4:03 pm

  Turkey’s central bank cuts interest rate to 13%

  

  Contrary to expectations, the Turkish Central Bank decided on Thursday, August 18, to cut the interest rate on the lira during the week (Repo) to 13% from 14%, even though the inflation rate in the country is close to 80%. Over the past seven months, the Turkish Central Bank has …

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• 18 August 2022 3:24 pm

  Oil rises, supported by US inventories data and expectations of a decrease in supply

  

  Oil prices rose on Thursday as strong data on US fuel consumption and an expected decline in Russian supplies late in the year offset fears of an imminent recession that could dampen demand. Brent crude futures rose $1.43, or 1.5 percent, to $95.08 a barrel by 0900 GMT. US crude …

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• 18 August 2022 2:39 pm

  Gold rises as bond yields fall and the dollar’s rise limits gains

  

  Gold prices rose on Thursday as bond yields declined, but the dollar’s rally and expectations that the US Federal Reserve will continue to raise interest rates kept prices near two-week lows. And gold in the spot contracts rose 0.3 percent to $ 1765.80 an ounce, at 0920 GMT, after a …

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