Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 17 August 2022 12:40 pm

  UK inflation rises to its highest level since 1982

  

  Britain’s consumer price inflation jumped to 10.1 percent in July to its highest level since February 1982, official data showed on Wednesday, up from an annual rate of 9.4 percent in June, adding to pressure on households. In a Reuters poll of economists, the increase exceeded all expectations that inflation …

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• 17 August 2022 12:00 pm

  Nikkei closes above 29 points for the first time in seven months

  

  Japan’s Nikkei closed above 29,000 on Wednesday for the first time in more than seven months, after Wall Street’s main indexes rose overnight, driven by solid profits from US retailers. The Nikkei rose 1.23 percent to 29,222.77 points, closing at its highest level since Jan. 5. The broader Topix index …

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• 17 August 2022 3:44 am

  Market Drivers – US Session, Tuesday, August 16

  

  Caution prevailed on Tuesday, with the focus still on a potential global recession. The dollar maintained its dominance despite a short-lived knee-jerk at the beginning of the American session.Wall Street closed mixed, with the DJIA posting substantial gains, the S&P 500 modestly up, and the Nasdaq Composite shedding some ground.Economic …

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• 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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