Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 10 October 2022 11:30 pm

  USD/CAD Rallies On Stronger US Dollar, Declining Oil Prices

  

  As the US dollar hits one-week high at 1.3780 lower oil prices persist and hawkish Fed hopes are undermining the CAD, the USD/CAD pair is rallying to 1.40 before dropping to 1.32. The US dollar remains dominant across the board, with the market pricing in another aggressive rate hike by …

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• 10 October 2022 10:32 pm

  Gold Retreats On Stronger US Dollar, Yields

  

  As US CPI data is eyed, gold prices dropped significantly lower on Monday. Not only did the price take out $1,675, but it has also made a low of $1,665.77, taking on a key support area as the markets remain focused on the hawkish stance of the Fed.Gold dropped from …

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• 10 October 2022 9:39 pm

  Oil reacts to recession fears amid tight supply prospects

  

  Oil prices retreated by 1% on Monday as investors are concerned about economic storm clouds that could foretell a looming global recession and erosion of fuel demand amid probable tight supply .Brent crude futures fell 96 cents, or 1%, to $96.96 a barrel by 11:31 a.m. EDT (1531 GMT). West …

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• 10 October 2022 8:47 pm

  Stronger US Dollar Inspires Finding Value Abroad Ideas

  

  The US dollar’s performance undoubtedly attracts investors to favour it above most financial assets and rival currencies. This seems natural as most foreign currencies are now weak. Over the passage of several months in 2022, markets have noticed that European companies underperformed US peers by a significant margin. The same …

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• 10 October 2022 8:03 pm

  Bitcoin Falls On Market Volatility

  

  Bitcoin slides –1.15% and other cryptocurrencies are also weaker Monday due to negative sentiment for risk-sensitive assets that continued to deteriorate in the wake of Friday’s US jobs data. Crypto holders seem to be prepared for more volatility this week with key inflation data on the economic docket. Bitcoin is …

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• 10 October 2022 7:28 pm

  Germany endorses EU loans to mitigate energy crisis

  

  On Monday, Germany greed to support joint EU debt in order to encounter the continent’s energy crisis. Last Tuesday, European Economic Commissioner Paolo Gentiloni and Internal Market Commissioner Thierry Breton called for joint borrowing to finance the necessary response to the energy crisis in the Eurozone.German Finance Minister Christian Lindner, …

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• 10 October 2022 5:33 pm

  Eurozone Sentix Investor Confidence worsens in October

  

  The Eurozone Sentix Investor Confidence index deteriorated to -38.3 in October from -31.8 in September vs. -34.7 expected. The index fell to its lowest level since March 2020, signaling a deep recession. The current situation in the eurozone dropped to -35.5 points in October from -26.5 in September, the lowest …

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• 10 October 2022 4:36 pm

  German Gas Commission Experts: First relief measure should be in place by end-2022

  

  After 35 hours of consultations, the German Gas Committee on Monday presented its statement to the German government regarding its recommendations for the terms of the gas price support program in Germany. The committee’s statement addressed the following points: The cost of the proposed gas price support package is estimated …

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• 10 October 2022 3:27 pm

  Turkey’s unemployment rate drops to 9.6% in August

  

  Data on Monday, October 10 showed that Turkey’s unemployment rate fell 0.4 percentage points month-on-month to 9.6% in August, while the seasonally adjusted underutilization of the labor force fell to 19.8%. The rate of incomplete exploitation of the labor force, which amounted to 22.4% in July, has taken a downward …

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• 10 October 2022 2:30 pm

  Dollar rises slightly as investors await US inflation data

  

  The dollar rose slightly on Monday as investors awaited this week’s inflation data, which is expected to show that price pressures remain strong. Meanwhile, the British Pound fell for the fourth consecutive session even after the Bank of England extended its support to the markets. US data on Thursday is …

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• 10 October 2022 12:53 pm

  European stocks fall as investors worry about economic growth

  

  European shares fell for a fourth consecutive session Monday, October 10, as investors worried about the impact of rising tension between Ukraine and Russia and central banks’ determination to curb inflation on economic growth and corporate profits. The pan-European Stoxx 600 index was down 0.6% by 0708 GMT, its lowest …

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• 10 October 2022 11:28 am

  Gold hits one-week low amid fears of US interest rate hike

  

  Gold prices fell to their lowest level in a week on Monday, after US jobs data reinforced expectations that the Federal Reserve will continue to raise interest rates sharply. Spot gold prices fell 0.5% to $1,686.55 an ounce by 0623 GMT, after hitting its lowest level since October 3. US …

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• 10 October 2022 10:22 am

  Oil is falling from its highest level in five weeks

  

  Oil prices fell on Monday from five-week highs as the market took profits following strong gains last week amid expectations of tight supplies after the OPEC+ decision to cut production and before the European Union imposed a ban on Russian oil. Brent crude futures fell 81 cents, or 0.8 percent, …

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