Open Demo Account

Market Analysis

October, 2022

  • 5 October 2022 12:59 am

    Gold rallies to fresh highs on softer US dollar

    Gold price rallied on Tuesday touching a fresh high for the week so far around $1,730 and traders are eying September’s high of $1,735. The precious metal rallied from a low of $1,695.24 on the day as the US yields made fresh lows of 3.564% in 10-year Treasury yield while …

    Read More »
  • 5 October 2022 12:29 am

    Yellen dismisses rumors about quitting after midterm

    Janet Yellen

    Treasury Secretary Janet Yellen denied on Tuesday an unconfirmed report that President Joe Biden would replace her after the November midterm elections, saying she plans to stay on as head of the Treasury.Yellen shut down speculation about her exit, saying that “There is no truth to that”. Republicans have been …

    Read More »
  • 4 October 2022 11:38 pm

    German finance minister: EU debt not the answer to energy crisis

    German Finance Minister Christian Lindner defended his country’s 200 billion euro defense shield to fund energy relief. Lindner also rejected calls for joint European Union debt, in comments to broadcaster ZDF on Tuesday.“Joint debt does not help us in the long run to strengthen competitiveness or with the sustainable finances …

    Read More »
  • 4 October 2022 10:50 pm

    GBP/USD encounters wall of critical resistance

    GBP/USD keeps moving back and forth on Tuesday in a day that ran through a vast territory for a fresh high for the week, so far, at 1.1489 from a low of 1.1280. The American dollar was hit hard by lower-than-expected JOLTS data that has accompanied weak Manufacturing data and …

    Read More »
  • 4 October 2022 10:25 pm

    Wall Street Soaring On Dollar Weakens, US Jobs Data

    The yield on the benchmark 10-Year US Treasury note fell 9 basis points to 3.66%, a two-week low, while the dollar index, which tracks the greenback against a basket of six developed economy currencies, fell around a quarter point to 110.65. The S&P 500 meanwhile, rose 2.8%, while the Dow …

    Read More »
  • 4 October 2022 9:27 pm

    USD/CAD drops on softer US dollar, higher oil prices

    USD/CAD drops 100 pips on Tuesday, extending its weekly losses to almost 2%. Broad US dollar weakness and high crude oil prices undermine the USD/CAD, a tailwind for the CAD.The US economy is slowing as the Fed wishes, as portrayed by the JOLTs report missing estimations. Fed policymakers continue to …

    Read More »
  • 4 October 2022 8:40 pm

    EUR/USD approaching parity on softer US dollar

    The EUR/USD pair extends gains above 0.9900 and the next barrier is at 1.0015. the Euro gains more than 400 pips from last week’s low. On the other hand, the US Dollar retreated across the board on risk appetite and lower US yields.The EUR/USD rose even further during the American …

    Read More »
  • 4 October 2022 7:41 pm

    Lagarde: Difficult to say if inflation is at peak

    European Central Bank President Christine Lagarde said on Tuesday it was difficult to say whether or not inflation has peaked in the euro area.“The minimum that we have to do is to stop stimulating demand,” Lagarde added. These comments don’t seem to be having a noticeable impact on the shared …

    Read More »
  • 4 October 2022 6:46 pm

    Market Drivers – European Session 4/10/2022

    The Kremlin said Tuesday (October 4) that Tesla founder Elon Musk has outlined a possible peace deal with Ukraine as a “positive step,” hours after Kyiv criticized Musk’s call for a negotiated settlement to the seven-month conflict.Kremlin spokesman Dmitry Peskov told reporters on a conference call that Moscow was always …

    Read More »
  • 4 October 2022 6:12 pm

    Oil rises ahead of OPEC + meeting to discuss production cuts

    Oil prices rose on Tuesday amid expectations that the OPEC+ group may agree to a significant cut in crude production when it meets this week. Brent crude futures rose 79 cents, or 0.9 percent, to $89.65 a barrel by 1054 GMT, after gaining more than 4 percent in the previous …

    Read More »
  • 4 October 2022 5:12 pm

    The Kremlin: Elon Musk’s proposal for a peace agreement with Ukraine is a “positive step”

    Twitter

    The Kremlin said Tuesday (October 4) that Tesla founder Elon Musk has outlined a possible peace deal with Ukraine as a “positive step,” hours after Kyiv criticized Musk’s call for a negotiated settlement to the seven-month conflict. Kremlin spokesman Dmitry Peskov told reporters on a conference call that Moscow was …

    Read More »
  • 4 October 2022 2:51 pm

    USD is falling and the markets are taking a breath

    The dollar fell on Tuesday as US Treasury yields stopped rising after a wave of increases, which provided an opportunity for stock markets and helped the euro and pound to catch a breath and recover from multi-year lows. The Australian dollar was also eye-catching, as it fell by about one …

    Read More »
  • 4 October 2022 1:28 pm

    Gold hits 3-week high as dollar and bond yields fall

    Gold prices hit a three-week high on Tuesday, prompting all precious metals to gain, with the dollar and US Treasury yields falling again after hitting their highest levels in years, restoring the allure of the non-yielding precious metal. And gold rose in immediate transactions 2.5 percent to $ 1707.20 an …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends