Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 25 October 2022 2:53 pm

  Sterling rises as Sunak prepares to take office, euro awaits interest decision

  

  The British pound rose on Tuesday, boosted by an improvement in risk appetite as Rishi Sunak prepares to take over as Britain’s prime minister. At the same time, the euro stabilized ahead of the European Central Bank’s expected rate hike on Thursday. The dollar rose slightly, but not far from …

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• 25 October 2022 1:25 pm

  German IFO Business Climate Index eases to 84.3 in October

  

  The headline German IFO Business Climate Index eased slightly to 84.3 in October versus the previous reading of 84.4 the market consensus of 83.3. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as compared to July’s 94.5 and 92.4 expected. The IFO Expectations Index – …

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• 25 October 2022 12:11 pm

  Promising profits push European shares higher

  

  European shares gained on Tuesday after a series of better-than-expected earnings reports helped allay fears of rapid interest rate increases and a slowdown in the euro-zone economy. The pan-European STOXX 600 index rose 0.5% by 0717 GMT, with the media and technology sectors compensating for losses in chemical shares. SAP …

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• 25 October 2022 11:12 am

  Nikkei closes higher, supported by strong results

  

  Japanese stocks rose on Tuesday, October 25 as electric car maker Nidec Corp. started its earnings season with solid results and boosted hopes that other companies might benefit from the weak yen. The index rose at the beginning of trading today only 0.51%, but ended trading up 1.02%, while the …

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• 25 October 2022 10:42 am

  The World Bank provides an additional $500 million to Ukraine

  

  The World Bank said on Monday it has provided an additional $500 million to help Ukraine meet urgent spending needs caused by Russia’s Feb. 24 invasion and ongoing war on its soil. This came on the eve of a conference in Berlin on Tuesday where world leaders, development experts and …

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• 25 October 2022 2:54 am

  Market Drivers – US Session 24/10/2022

  

  The US dollar began the trading week with negative performance, extending its Friday’s decline at the opening, but the dollar gradually edged higher as the day went by. The American currency closed with modest gains against most major rivals while traders and investors are eying significant events scheduled later in …

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• 25 October 2022 2:26 am

  Is Bitcoin Able To Recover?

  

  Bitcoin is now trading at $19,3315, which is obviously lower than the previous highest highs of $69,000. The most famous cryptocurrency lost -$256.70 on Monday. With inflation increasing in the US, Bitcoin struggles to recover. The macroeconomic climate seems too difficult for Bitcoin and investors have realized that gains will …

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• 25 October 2022 1:54 am

  US shares Rally on earnings, interest rate expectations

  

  US shares rallied for a second straight session while investors focus on some of the world’s biggest companies to report earnings this week. Traders also spiced their expectations and bets on whether the US central bank could slow its pace of interest-rate hiking after digesting negative economic data released on …

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• 25 October 2022 12:23 am

  GBP/USD retreats after Sunak effect relinquishment

  

  The British pound retreats below 1.1300 after failure at the 1.1400 area. Traders and investors have broadly welcomed Rishi Sunak’s victory and markets hope to steady under his upcoming government.The GBP/USD pair trades at 1.1278 at the time of writing. The asset aims at 1.11/1.12 if 1.1400. The sterling is …

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• 25 October 2022 12:10 am

  USD/CHF consolidates after rebounding from 1.0145

  

  The US dollar has restored the 112.014 level after it had declined from 1.0145 to find support at 0.9965. The dollar is also consolidating in the calm US market session.The US dollar has been trading sideways against the Swiss Franc on Monday. The pair has remained moving roughly between 0.6965 …

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• 24 October 2022 11:08 pm

  Gold futures lower after Friday’s wild surge

  

  Gold prices finished Monday with a shy loss, following a wild soaring in the final session of last week that saw prices for the precious metal briefly dip to fresh lows. Gold was not stable to begin the week, as the bears have been able to pull the rope to …

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• 24 October 2022 10:34 pm

  WTI bounces up despite risk off mood

  

  Oil prices are trimming their losses after bouncing up from the $82.55 level. There are concerns about the Chinese zero-COVID policy. Such concerns do hurt crude oil.The lower US oil reserves have avoided a further decline in prices. WTI futures have picked up following the negative market opening on Monday. …

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• 24 October 2022 9:42 pm

  Who is Rishi Sunak, UK new prime minister?

  

  Who is Rishi Sunak? What does it mean that he became UK new prime minister? Rishi Sunak is now the new leader of the UK’s Conservative Party, the Torys. He is Britain’s next prime minister after both the leading candidates considered his rivals in the race to replace Liz Truss …

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