Open Demo Account

Market Analysis

October, 2022

  • 14 October 2022 10:17 pm

    EUR/USD drops amid deteriorated market sentiment

    The EUR/USD pair has erased Thursday’s gains, losing 0.53% on Friday. US Consumer Sentiment improved, though Retail Sales slowed down.The EUR/USD daily chart illustrates the major stalled at the 20-day EMA, which exacerbated a fall towards the 0.9720 area. Key support lies at 0.9700, which, once cleared, could open the …

    Read More »
  • 14 October 2022 9:33 pm

    Pound Struggles, Truss Reverses Plan, UK Finance Minister Fired

    In an unambiguous retreat, British Premier Liz Truss, on Friday, fired her finance minister and partly reversed the tax plan, she previously supported, because the said plan rattled global financial markets, and incited investors’ concerns and fueled a political crisis that still threatens the political future of Liz Truss herself. …

    Read More »
  • 14 October 2022 9:13 pm

    US Stocks slide amid market volatility

    Stocks retreated on Friday, and generally gave up earlier gains during the session one day after posting a historic turnaround rally as investors digested inflation expectations.The Dow Jones Industrial Average fell 283 points, or 0.94%. The S&P 500 shed 1.82%, and the Nasdaq Composite slipped 2.32%.Stocks fell to session lows …

    Read More »
  • 14 October 2022 8:47 pm

    US Treasury seeks ways to improve liquidity

    A regular survey ahead of the quarterly refunding announcements was used by the US Treasury Department in order to ask major banks whether the government should buy back government bonds to improve the market liquidity.“The Treasury is also querying whether reduced volatility in the issuance of Treasury bills as a …

    Read More »
  • 14 October 2022 7:32 pm

    Fed’s Daly: We will have to be data-dependent on rate hikes

    In an interview with Yahoo Finance on Friday, San Francisco Fed President Mary Daly said that this week’s Consumer Price Index data was not so surprising, noting that it’s a lagging indicator.The US Dollar Index was seen rising 0.55% on the day at 112.87 after these comments.Key Quotes“Today’s retail sales …

    Read More »
  • 14 October 2022 4:46 pm

    US: Retail Sales stay unchanged at $684 billion in September

    Retail Sales

    The data published by the US Census Bureau showed on Friday that Retail Sales in the US, adjusted for seasonal variation, holiday and trading-day differences but not for price changes, stayed virtually unchanged at $684 billion in September. This reading followed August’s increase of 0.4% and came in below the …

    Read More »
  • 14 October 2022 3:51 pm

    UK Finance Minister Kwarteng has been sacked – BBC

    According to the BBC, Prime Minister Liz Truss has sacked British Finance Minister Kwasi Kwarteng. Reporting on the matter, “The Telegraph now understands that Liz Truss is set to remove Kwasi Kwarteng as Chancellor this afternoon,” The Telegraph tweeted. “It was thought the PM’s press conference would be held at …

    Read More »
  • 14 October 2022 3:15 pm

    Eurozone posts record trade deficit in August as energy prices soar

    Official estimates revealed on Friday that the eurozone recorded its largest trade deficit in August since it had 19 member states in 2015, as the import bill rose as energy prices rose. The European Union’s statistics office (Eurostat) said the euro zone’s merchandise trade balance with the rest of the …

    Read More »
  • 14 October 2022 2:10 pm

    Oil rises, affected by weak dollar and lower US fuel stocks

    Oil prices compensated for losses incurred earlier in the session and rose in Asian transactions on Friday, supported by the weakness of the dollar and the decline in US fuel stocks. At the same time, a row continues between Saudi Arabia and the United States over plans by the OPEC …

    Read More »
  • 14 October 2022 12:18 pm

    Japan shares rise to the highest level in 7 months

    Japanese stocks rebounded on Friday, boosted by the strong performance of Fast Retailing as investors appeared to ignore US inflation data that fueled bets for a US Federal Reserve interest rate hike next month. The Nikkei average rose 3.25 percent to 27,090.76 points, its biggest daily percentage gain since March …

    Read More »
  • 14 October 2022 12:17 pm

    Gold is heading to record a weekly loss

    Gold prices rose on Friday, supported by the decline in the dollar and US Treasury yields, but increased expectations of another big hike in US interest rates kept the precious metal on course for a weekly decline. And the price of gold in spot transactions rose 0.3 percent to $ …

    Read More »
  • 14 October 2022 7:38 am

    Market Drivers – US Session 13/10/2022

    US inflation on Thursday was behind some wild, volatile moves. Fed is widely expected to decide a 75 bps rate hike in November and a peak policy rate of 4.85% in March 2023. The initial reaction to CPI data release the news was negative. Wall Street retreated, yields soared, and …

    Read More »
  • 14 October 2022 1:01 am

    Gold prices depart daily lows after CPI data

    Gold bounced up from $1,642 lows and returned to the $1,665 area. Gold is trading at $1,666 at the time of writing. Gold futures are retracing previous losses during Thursday’s US trading session, favoured by a broad-based USD pullback. The precious metal has bottomed at a two-week low of $1,642 …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends