Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 26 August 2022 3:55 pm

  Thousands of British postal workers start strike over wages

  

  Royal Mail has said it is relying on a skeleton staff to deliver only “essential items” after 115,000 postal workers went on strike in year’s biggest industrial action so far. The 500-year-old postal service’s employees are striking on Friday, Wednesday next week and 8 and 9 September in a dispute …

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• 26 August 2022 2:13 pm

  The dollar stabilized near its highest level in two decades before Fed Chairman’s speech

  

  The dollar held near two-decade highs against other major currencies on Friday ahead of a widely anticipated speech by Federal Reserve Chairman Jerome Powell at a Jackson Hole symposium. Traders are awaiting indications about the Fed’s monetary tightening plans to curb inflation when Powell speaks at 1400 GMT. The dollar …

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• 26 August 2022 1:46 pm

  European shares rise, supported by technology and mining companies

  

  European shares rose on Friday as Wall Street’s rally, supported by technology companies overnight, lifted its European peers, but the sentiment was affected by concerns about the pace of interest rate hikes and rising energy costs. The pan-European Stoxx 600 index rose 0.4%, and is heading to end the week …

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• 26 August 2022 1:08 pm

  Gold stabilizes as investors await the Federal Reserve’s speech

  

  Gold prices stabilized on Friday despite the precious metal’s trend for a weekly gain, with investors focused largely on the Jackson Hole seminar for clues about the US Federal Reserve’s policy to curb inflation. Spot gold consolidated at $1,757.99 an ounce at 0624 GMT, but rose 0.6 percent so far …

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• 26 August 2022 12:35 pm

  The Nikkei index closed slightly higher before the Federal Reserve Chairman’s speech

  

  Japanese shares closed slightly higher on Friday, after giving up some of their early gains, as investors awaited a speech by Federal Reserve Chairman Jerome Powell to look for any clues on the pace of US monetary tightening. The Nikkei index closed up by 0.57 percent at 28,641.38 points, after …

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• 26 August 2022 4:45 am

  Market Drivers – US Session – Thursday, August 25

  

  The US dollar ended Thursday mixed although there were no significant changes among major pairs. Investors are mildly optimistic as macroeconomic data was positive upbeat but cautious ahead of central banks’ governors, set to speak within the Jackson Hole Economic Symposium.The EUR/USD pair briefly traded above parity but could not …

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• 26 August 2022 4:36 am

  Powell’s Jackson Hole Speech, What Can Be Expected

  

  Noticeably, traders, investors and economists have spent much of this week anticipating Jackson Hole Symposium which has now officially begun. Of course, markets are all waiting for the remarks by Fed Jay Powell which come at 10 o’clock tomorrow morning, Eastern Time. Markets have got some economic data that come …

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• 26 August 2022 4:08 am

  USD/CHF higher ahead of key data, Powell’s speech

  

  The USD/CHF pair picks up bids to refresh intraday high, adds to the second consecutive weekly gain. Cautious optimism drove US dollar downwards ahead of the latest rebound amid pre-data as well as Jackson Hole event anxiety.A 10-week-old descending trend line and the 100-DMA, respectively near 0.9650 and 0.9665, restrict …

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• 26 August 2022 3:05 am

  RBNZ Orr: At least two rate hikes to come

  

  Adrian Orr, the governor of the Reserve Bank of New Zealand has stated that he thinks there will be at least another couple of rate hikes. This is being reported by Bloomberg TV covering Jackson Hole. Federal Reserve chair Jerome Powell’s speech is going to be key, but the bears …

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• 26 August 2022 1:39 am

  Revised US Q2 data weaken recession theory

  

  The second estimate of Q2 GDP showed the US economy contracted at a slower-than-expected rate of 0.6%. Upward revisions to underlying demand and a first read from the income side weakens the argument that the economy is currently in recession. The US economy contracted at a 0.6% annualized rate in …

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• 26 August 2022 12:49 am

  T-yields retreat as markets cautiously Eying Jackson Hole

  

  US Treasury yields slid on Thursday after hitting multi-week highs the previous session, as investors balanced their positions amid uncertainty as to what Federal Reserve Chair Jerome Powell might say when he speaks on Friday at a global central bank conference in Jackson Hole.The bond market expects Powell to stick …

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• 25 August 2022 11:45 pm

  Gold climbs as traders expect hawkish Powell speech

  

  Gold price advances almost 0.30% on Thursday, courtesy of an upbeat sentiment and overall buck’s weakness. Investors still digest mixed US economic data, released ahead of Powell’s speech.Fed officials expect a 50 or 75 bps rate hike at the next meeting; awaiting September’s data. Gold Price trades in the green …

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• 25 August 2022 11:05 pm

  AUD/USD holds gains ahead of Powell’s speech

  

  The AUD/USD bulls are hanging following a significant strong move to the upside as China’s stimulus boosted risk sentiment and the proxy AUD.The Jackson Hole is now the main focus across financial markets. The AUD/USD pair is 1% higher on the day as the US dollar continues to find sellers …

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