Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 3 October 2022 1:33 pm

  British Prime Minister forced to cancel the tax plans

  

  British Prime Minister Liz Truss was forced on Monday to abandon plans to cut the highest income tax rate, which has sparked a rebellion within her party and turmoil in financial markets. Terrace and its finance minister, Kwasi Quarting, announced a new “growth plan” on September 23 that would cut …

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• 3 October 2022 12:59 pm

  European shares begin trading in the fourth quarter of 2022 with a decline

  

  European shares fell on Monday as investors awaited factory activity data for clues to the resilience of the eurozone economy after last week’s sharp inflation report boosted expectations that the European Central Bank will raise interest rates aggressively. The pan-European Stoxx 600 index fell 1.3 percent by 0713 GMT, marking …

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• 3 October 2022 12:09 pm

  Nikkei rebounds, supported by chip and energy stocks

  

  Japan’s Nikkei rose sharply on Monday, as chip-related stocks rose and energy stocks tracked gains in oil prices. The Nikkei gained in the last hour of trading, to close 1.07 percent higher at 26,215.79 points, after falling 1.22 percent earlier in the day. The broader Topix index advanced 0.63 percent …

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• 3 October 2022 11:49 am

  Inflation in Turkey is at its highest level in 24 years, recording 83%

  

  Official data showed on Monday that Turkey’s annual inflation jumped to a new peak representing a 24-year high of 83.45 percent in September, less than expected after the central bank surprised markets by cutting interest rates twice in the past two months despite high prices. The Turkish Statistical Institute said …

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• 3 October 2022 9:52 am

  Financial Markets’ Weekly Recap, September 26-30

  

  The dollar fell last week, as commodity bulls took some breathing; However, this decline was short-lived, as the dollar jumped again to its highest level in 20 years. The dollar’s rise to a high of 112 from a one-week low came, moving back towards levels not seen since May 2002, …

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• 1 October 2022 3:00 am

  Market Drivers – US Session 30/09/2022

  

  Oil prices dipped on Friday in mixed trading but notched its first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on October 5. Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, …

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• 1 October 2022 2:37 am

  Fed policymakers united on combating inflation

  

  The Fed’s Vice Chair Lael Brainard, on Friday, stressed that any rate cut would be premature. Brainard added her full support of US central bank’s higher for longer plan for interest rates to combat inflation that new data shows is still at more than three times as much as the …

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• 1 October 2022 1:56 am

  What Could Bitcoin Expect In Q4?

  

  Bitcoin price has developed a stronger deviation and so is hinting at more upside. Despite the optimistic technical considerations, investors actually expect volatile swings coinciding with the end of the third quarter of 2022. Bitcoin price is trading above two crucial levels, suggesting a stable position. Combining this anticipation with …

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• 1 October 2022 12:34 am

  Can gold put an end to six-month of losses?

  

  What gold will do during the next two weeks will be very important for prices ahead of this year’s end. Jobs data and inflation data are closely watched as gold shows promising signs amid escalating geopolitical tensions and intensifying market volatility.Gold saw a key development mid-week as prices rose from …

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September, 2022

• 30 September 2022 11:41 pm

  Oil’s weekly gain confirmed despite latest decline

  

  Oil prices dipped on Friday in mixed trading but notched its first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on October 5.Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, to …

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• 30 September 2022 11:18 pm

  GBP/USD heads to weekly gains on end of September flows

  

  The GBP/USD pair is expected to finish the week with gains close to 3%, despite the UK’s bond crisis. The US PCE reading increased the likelihood of the Fed going 75 bps as Fed officials reinforced their hawkish stance.The GBP/USD pair is recovering from earlier losses as the US session …

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• 30 September 2022 10:05 pm

  EUR/USD Back below parity on US hot PCE data

  

  The EUR/USD pair is tripping down ahead of the end of the week, end of the month and end of Q3. The US Fed officials continued with their “restrictive policy” stance, agreeing that further hikes are coming.US Core PCE surpassed analysts’ expectations, paving the way for another 75 bps rate …

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• 30 September 2022 9:03 pm

  Analysts expect Euro to remain below parity

  

  Analysts believe the EUR/USD pair is moving to the downside over the next months at a more gradual speed. They have a target of 0.95 in a twelve months perspective. Fundamentally, the US could continue to be a higher interest rate market and equities continue to appeal to foreign investors. …

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