Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 1 August 2022 11:42 pm

  Gold surges around $1770 on US PMI data

  

  Gold prices advance on falling US Treasury yields and US dollar weakness. US equities rise, despite cooling manufacturing data, illustrating Fed actions are being felt. At the time of writing, gold is trading at $1770.5. Fed policymakers pushed back against deacceleration of interest rate hikes, according to the market’s reaction. …

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• 1 August 2022 10:47 pm

  Buffett Has 10% of Berkshire Hathaway’s Portfolio Recession-Resistant Sector

  

  Warren Buffett does not seem to buy and sell stocks based on what is going on with the US economy. Rather He is choosing stocks that can survive all economic climates. That may be why he has 10% of Berkshire Hathaway’s portfolio invested in consumer staples, a sector that’s known …

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• 1 August 2022 10:02 pm

  Weak Global Manufacturing Data Adds To Recession Fears

  

  On Monday, Equity index futures turned a bit negative to start a new week and month, as investors are still digesting last week’s data with the S&P 500® index (SPX) near June highs.Potential Market Movers this week include economic and earnings calendars that appear a bit lighter compared to last …

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• 1 August 2022 9:13 pm

  AUD/USD rallies ahead of RBA’s rate decision

  

  Market sentiment is mixed on Monday, but the AUD/USD pair is boosted by the softer US dollar and the RBA’s awaited decision.US ISM Manufacturing data stays in expansionary territory, though prices and new orders dropped. The AUD/USD pair rises above the 0.7000 figure on a mixed sentiment session, encouraged by …

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• 1 August 2022 8:32 pm

  Fed expected to lift policy rate to 3.5-3.75% by end of 2022

  

  In a recently published report, Moody’s Investors Service said that it expects the US Federal Reserve to take the policy rate to the range of 3.5-3.75% by the end of the year and above 4% by March 2023.The EUR/USD pair showed no immediate reaction to this report and was last …

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• 1 August 2022 7:49 pm

  US Stocks fall starting August lower amid earnings, data flood

  

  US stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven.Investors digest data released early in the session that showed manufacturing activity expanded …

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• 1 August 2022 7:16 pm

  ISM Manufacturing PMI print drops below expectations

  

  The US ISM Manufacturing PMI edged slightly lower in July. US Dollar Index stays under bearish pressure below 105.50. The business activity in the US manufacturing sector expanded at a slightly softer pace in July than in June with the ISM Manufacturing PMI declining to 52.8 from 53 in June. …

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• 1 August 2022 2:17 pm

  Russian ruble fell against dollar to its lowest level in more than 3 weeks

  

  The Russian ruble fell against the dollar to its lowest level in more than three weeks in Moscow markets on Monday as oil prices fell and after the Russian currency lost the support of a favorable tax collection period at the end of last month. At 0729 GMT, the ruble …

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• 1 August 2022 1:15 pm

  European shares stabilize amid fears of recession, despite positive results

  

  European shares settled on Monday ahead of a slew of manufacturing activity data, as disappointing Chinese economic data raised fears of a global economic slowdown while erasing a jump in banking shares after strong HSBC results. The pan-European Stoxx 600 index settled at 7:09 GMT, tracking the effect of the …

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• 1 August 2022 12:16 pm

  Oil prices fall before the OPEC+ meeting

  

  Oil prices fell early on Monday as investors waited for officials from OPEC and other major producers to meet this week on supply adjustments. Brent crude futures were down 63 cents, or 0.6 percent, at $103.34 a barrel. US West Texas Intermediate crude fell to $97.87 a barrel, down 75 …

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• 1 August 2022 11:42 am

  Japan shares post biggest gains in nearly two weeks thanks to positive results

  

  Japanese stocks had their best day in nearly two weeks on Monday, boosted by positive corporate results, while uncertainty over the global growth outlook kept gains limited. The Nikkei rose 0.7% to close at 27,993 points, and the broader Topix index rose 1 percent to 1960 points, their biggest gain …

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• 1 August 2022 4:59 am

  Financial Markets’ Weekly Recap, July 25-29

  

  US monetary policymakers opted a 75bps rate hike. Markets expected this move; a historically large hike. Jerome Powell explained that Fed would likely stop hiking once inflation is controlled. If unemployment rises, the job market weakens, and the US falls into a recession, Fed would ease policy due to lower …

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July, 2022

• 30 July 2022 5:24 am

  Market Drivers – US Session – Friday, July 29

  

  The British pound finished the week recording its second consecutive week in the green territory; it printed solid gains of 1.49%, amidst an upbeat market mood, portrayed by US equities closing higher on Friday. The GBP/USD pair was trading at 1.2170, 0.05% down, during the North American session.US shares finished …

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