Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 12 August 2022 12:32 pm

  Oil is heading to record weekly gains, and uncertainty about demand limits the rise

  

  Oil prices rose slightly on Friday, with crude contracts heading towards recording weekly gains as recession fears eased, but uncertainty regarding the outlook for demand limited the gains. By 0736 GMT, Brent crude futures rose 23 cents, or 0.2 percent, to $99.83 a barrel. West Texas Intermediate crude futures were …

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• 12 August 2022 12:07 pm

  Gold is on the way to record the fourth weekly increase

  

  Gold prices stabilized on Friday and headed for the fourth consecutive weekly increase, in light of the general weakness of the US dollar, which was pressured by the increase in the yield on Treasury bonds, as well as expectations of a US interest rate hike. And by 0319, gold prices …

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• 12 August 2022 3:28 am

  Market Drivers – US Session – Thursday, August 11

  

  The US dollar seesawed between gains and losses on Thursday, ending the day lower against most major rivals. Wall Street opened the day firmly higher amid more signals of receding US inflationary pressures, as the July Producer Price Index advanced by 9.8%, below expected.The EUR/USD pair peaked at around 1.0360 …

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• 12 August 2022 2:58 am

  RBNZ expected to decide 50bps hike in August

  

  The Reserve Bank of New Zealand is expected to stick to its hawkish stance and go on with a fourth straight half-point rate hike, in August, continuing its most aggressive tightening in over two decades in an attempt to control the country’s stubbornly-high inflation,” as per the latest Reuters poll …

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• 12 August 2022 1:30 am

  S&P 500 closes flat, Nasdaq dips as market comeback rally eases

  

  US Stocks struggled for direction on Thursday as investors mulled another better-than-expected inflation report.The S&P 500 closed down less than 0.1%, while the Nasdaq Composite slumped 0.6%. The Dow nudged upward by 28 points, or less than 0.1%. The three major averages opened the session higher but lost steam as …

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• 12 August 2022 12:27 am

  GBP/USD struggles around 1.2200 ahead of UK GDP data

  

  The GBP/USD pair is facing hurdles around 1.2200 as investors await UK GDP data. A vulnerable UK GDP will accelerate troubles for the BOE while higher Initial Jobless Claims have supported the US dollar at lower levels.The pair is expected to remain subdued as investors are awaiting the release of …

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• 11 August 2022 11:39 pm

  The Merge Boosted Cryptos On Thursday

  

  Crypto values jumped early on Thursday as Ethereum moved a few steps closer to “The Merge.” This is generally seen as a bullish move for crypto use cases because Ethereum has the largest base of developers and many tokens are on the Ethereum blockchain.The value of Ethereum was up as …

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• 11 August 2022 10:49 pm

  USD/CAD battles after US PPI decelerates

  

  The USD/CAD pair extended its losses for the second straight day as sellers eye a break of the 200-DMA. July’s US inflation reports show signs of peaking, with CPI at 9% YoY and PPI at 10% YoY, below their previous month’s readings.The USD/CAD is trading at 1.2738 under its opening …

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• 11 August 2022 9:53 pm

  EU Faces Worsened Energy Crisis On Soaring Demand

  

  European power prices have surged to fresh records on Thursday as recurrent hot weather waves are contributing to limit energy supplies and wildfires rage across France. Wildfires have been raging in the country, leading President Emmanuel Macron to enlist help from across Europe to join 10,000 French firefighters to battle …

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• 11 August 2022 9:12 pm

  Gold slides away from $1800 on soaring US T-yields

  

  Gold has dived in the negative direction for the day after a reversal from near $1800. The Gold Index peaked at $1799 during the US trading session and then turned to the downside falling around $1785.Thursday’s data showed the Producer Price Index in the US dropped by 0.5% in July, …

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• 11 August 2022 8:22 pm

  US Stocks rise on signs of easing inflation

  

  Futures point to Wall Street gains following Wednesday’s rally and US Stocks jumped for a second day Thursday as investors cheered another better-than-expected inflation report.The Dow Jones Industrial Average rose 182 points, or nearly 0.5%. The S&P 500 added 0.5%, and the Nasdaq Composite rose 0.2%.Investor sentiment got a boost …

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• 11 August 2022 7:43 pm

  EUR/USD retreats as US Dollar Index trims losses

  

  The US July PPI drops unexpectedly in July while jobless claims hit monthly highs. The US dollar remains in negative territory, even as US yields rise.The EUR/USD pair is up for the fifth consecutive day, holding under Wednesday’s top. The pair has failed to break Wednesday’s highs around 1.0355 and …

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• 11 August 2022 6:59 pm

  Disney stock pops on earnings, surpasses Netflix subscribers

  

  Those who are looking for signs of a recession are advised not look at Disney’s earnings report or the performance of Disney plus, in particular. Disney plus is only 18 months old, a really incredible performer.Disney stock surged by 73% in its theme park revenue year over year and smashed …

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