Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 15 August 2022 3:57 pm

  Turkey’s public budget deficit doubles to 64 billion liras in July

  

  Turkey’s public budget deficit doubled to 64 billion Turkish liras in July, and Turkey’s general budget data showed a deficit of 31 billion liras in June, according to Treasury and Finance Ministry data. Turkey suffers from a significant rise in the inflation rate, as it recorded 79.6% in July, up …

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• 15 August 2022 2:18 pm

  Dollar rises after China data, yuan falls due to interest rate cut

  

  The safe-haven US dollar rose on Monday after a fresh batch of disappointing data from China reinforced fears of a global recession. At the same time, the yuan fell after the People’s Bank of China surprisingly cut interest rates. Chinese industrial production, retail sales and fixed asset investment missed analysts’ …

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• 15 August 2022 1:29 pm

  Gold falls with the rise of the dollar and fears of raising US interest rates

  

  Gold prices fell on Monday as the dollar rebounded amid expectations that the Federal Reserve will raise interest rates sharply, adding to pressure on the yellow metal. And gold fell in spot transactions 0.6 percent to $ 1791.33 an ounce by 0704 GMT, after rising by about 1.6 percent last …

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• 15 August 2022 12:37 pm

  European stocks rise, weak Chinese data raises concerns

  

  European shares rose on Monday, boosted by fresh gains in healthcare shares. At the same time, signs of a slowing Chinese economy sparked a flight to sectors such as telecoms and important consumer products that are usually seen as immune to economic cycles. The pan-European Stoxx 600 index rose 0.3 …

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• 15 August 2022 11:35 am

  Nikkei hits 7-month high on Wall Street optimism and strong earnings

  

  Japan’s Nikkei index jumped on Monday to its highest level in more than seven months, buoyed by Wall Street’s gains at the end of last week, as strong corporate earnings increased risk appetite and prompted investors to snap up falling stocks. The Nikkei rose 1.14 percent to 28,871.78 points, extending …

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• 15 August 2022 11:06 am

  Japan’s GDP expands 0.5% QoQ in Q2

  

  Japan’s economy rebounded firmly by 0.5% in the second quarter after contracting 0.1% in the first, with economists forecasting quarterly growth of 0.6%. On an annualized basis, the world’s third-largest economy grew 2.2% against 2.5% expected and a -0.5% contraction recorded in the previous quarter. The country’s GDP deflator arrived …

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• 15 August 2022 10:33 am

  Oil prices fall for the second session, and Aramco says it is ready to increase production

  

  Oil prices fell for a second session on Monday after the CEO of Saudi Aramco, the world’s largest exporter, said the company was ready to increase production, as production resumed at several US offshore platforms in the Gulf of Mexico after a brief break last week. Brent crude futures were …

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• 14 August 2022 12:26 am

  Financial Markets’ Weekly Recap, August 8-12

  

  August is historically the dullest month of the year for financial markets, but all five trading days (August 8-12) witnessed important market news and economic data that had a significant impact on almost all assets. The influence of the week’s economic data could continue into the future. The CPI report …

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• 13 August 2022 3:35 am

  Market Drivers – US Session – Friday, August 12

  

  The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report.On the surface, the University of Michigan’s latest survey of consumer sentiment was largely …

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• 13 August 2022 3:00 am

  Oil price retreats 2% on US Gulf of Mexico supply news

  

  Brent crude futures fell $1.45, or 1.5%, to settle at $98.15 a barrel, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.4%, to settle at $92.09 a barrel. Both contracts gained more than 2% on Thursday.Oil prices plunged around 2% on Friday, on expectations that supply disruptions in …

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• 13 August 2022 2:57 am

  Gogoro’s Q2 earnings signal cautious outlook for the second half

  

  Since launching in 2011, Gogorohas grown into an EV battery swap leader. Gogoro released its Q2 earnings results yesterday, signaling a cautious but optimistic road ahead in the second half of 2022. Today, Gogoro offers one of the world’s most extensive battery swapping networks. In fact, over the past six …

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• 13 August 2022 2:25 am

  US dollar recovers some of this week’s losses

  

  The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report. However, there was carry-over bearish sentiment for the dollar based on the favorable …

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• 13 August 2022 1:33 am

  US shares rise for fourth straight day

  

  week as investors warm to cooler inflationStocks rose sharply on Friday, clinching the fourth straight positive week for the S&P 500 as investors celebrated signs that inflation may be peaking. The Dow Jones Industrial Average added 424.38 points, or 1.27%, to close at 33,761.05. The S&P 500 gained 1.73% to …

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