Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 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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• 30 July 2022 12:49 am

  Oil up nearly $3/bbl on faded chances concerning supply boost

  

  Oil prices rose nearly $3 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that the producer group will boost supply.Brent crude futures for September settlement, due to expire on Friday, gained $2.79, or 2.6%, to trade at $109.93 a barrel by 12:10 p.m. …

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• 29 July 2022 11:54 pm

  EUR/USD rebounds back as US yields retreat

  

  The US dollar loses some of its earlier shine late on Friday amid lower US yields. The EUR/USD pair practically flat for the week and remains sideways.Price keeps moving below 1.0260 and supported by 1.0100. The EUR/USD printed a fresh daily low during the US session at 1.0145 and then …

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• 29 July 2022 10:55 pm

  Russian Ruble Stumbles as Yuan Trading Volumes Jump to Record

  

  Since February 2022, the war in Ukraine has contributed to the acceleration of turning the compasses of Russia’s eastwards and sent local demand for China’s yuan to record highs. This has helped to tame a four-month ruble rally that has accumulated pressure on companies and the budget.Trading volume in the …

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• 29 July 2022 10:00 pm

  US equities surge on positive forecasts from Apple, Amazon

  

  The Nasdaq and the S&P 500 indexes rose on Friday and were seen on track for their biggest monthly gain in nearly 20 months, after positive earnings updates from Amazon.com and Apple, on hopes of a less aggressive monetary policy.Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon© Reuters. …

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