Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 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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• 29 July 2022 9:57 pm

  USD/CAD grips to recovery post-US PCE/Canadian GDP

  

  The USD/CAD pair rebounds from a six-week low set on Friday amid the emergence of fresh USD buying. The upbeat US PCE report revives Fed rate hike bets and remains supportive of the USD bounce.As investors digest the less hawkish FOMC decision and Thursday’s disappointing US GDP print, the US …

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• 29 July 2022 8:59 pm

  Shares fall after Procter & Gamble’s warning on price rises

  

  P&G shares fell 3.5 per cent in premarket trading after the company has warned that cash-strapped customers were increasingly reluctant to accept higher prices, as the US consumer goods group flagged slower sales growth in the next 12 months.The maker of Tide detergent, on Friday, reported a 1 per cent …

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• 29 July 2022 8:15 pm

  Atlanta Fed: US GDP to grow by 2.1% in Q3

  

  According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 2.1% in the third quarter.The US Dollar Index showed no immediate reaction to this news and was last seen posting small daily losses at 106.05.“The initial estimate of …

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• 29 July 2022 7:41 pm

  Gold looking forward to $1770

  

  Gold trades at $1768 per ounce at the time of writing. The Gold Index rebounds after hitting a fresh low, at the same time, US yields erase earlier gains, back near recent lows. Gold prices benefited from Friday’s weaker US dollar during the American session.Gold continues to shine as it …

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• 29 July 2022 6:57 pm

  UoM consumer sentiment rises above expectations

  

  University of Michigan’s consumer sentiment has slightly rebounded in July. The University of Michigan final sentiment came in a little bit stronger than estimate and higher than the preliminary. However, the data still remains near historic low levels.Current conditions were also higher and above last month 57.1. The expectations Index …

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