Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 19 August 2022 9:31 pm

  Gloomy Economic Data Impacted European Stocks

  

  On Friday, European markets mostly fell after mixed trading in Asia and ahead of an expected lower US open. Traders have recognized that concerns about the cost of living as well as further recession-related fears are still elevated as investors digested relatively gloomy data.Data released Friday showed German producer prices …

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• 19 August 2022 8:58 pm

  Asset managers, banks alarmed after WhatsApp-related penalties

  

  Wall Street banks constitute the majority of companies involved in communications and record-keeping investigations conducted by the US Securities and Exchange Commission and the Commodity Futures Trading Commission.Banks have collectively been fined or have set aside more than $1 billion to cover regulatory penalties. This is why asset managers are …

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• 19 August 2022 8:14 pm

  Bitcoin slides down on Friday

  

  Bitcoin, the world’s largest cryptocurrency by market value, fell 8.3% against the dollar from its 5 p.m. ET level Thursday to trade at $21,480.50. at the time of writing, biutcoin is trading at $21,458. Ether declined 9% over the same period to $1,707.97.It was not immediately clear what knocked the …

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• 19 August 2022 7:18 pm

  Fed determined to return inflation to target

  

  Richmond Fed President Thomas Barkin reiterated on Friday that the Fed will do what it takes to return inflation target but acknowledged that this will not happen immediately. The US Dollar Index edged higher on these comments and was surging 0.45% on a daily basis at 107.97.“We are starting to …

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• 19 August 2022 4:46 pm

  Canada: Retail Sales rise by 1.1% in June

  

  Retail Sales in Canada rose by 1.1% on a monthly basis in June following May’s increase of 2.3% (revised from 2.2%), the data published by Statistics Canada revealed on Friday. This reading came in better than the market expectation for a growth of 0.3%. Further detail of the publication revealed …

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• 19 August 2022 4:08 pm

  Euro and Pound fell to their lowest level in a month

  

  The euro and the pound sterling fell to a one-month low against the US dollar on Friday, as investors worried about a further slowdown in global economic growth after US central bank officials reiterated the need to raise interest rates. The dollar index rose 0.2 percent to 107.69, after earlier …

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• 19 August 2022 3:03 pm

  Oil heads for a weekly loss amid recession fears

  

  Oil prices fell on Friday, after two days of gains, and are on track to post a weekly loss on pressure from the strong dollar and fears of a global economic slowdown. Brent crude futures were down 97 cents, or 1 percent, at $95.62 a barrel by 0826 GMT. US …

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• 19 August 2022 2:09 pm

  European stocks fall on recession fears

  

  European shares fell on Friday, heading for a weekly loss on fears that monetary policy tightening, inflationary pressures and an energy crisis could push the global economy into recession. The pan-European Stoxx 600 index was down 0.3 percent by 0721 GMT. Travel stocks led the declines. Among the stocks that …

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• 19 August 2022 1:17 pm

  Gold falls to its lowest level in 3 weeks

  

  Gold prices fell to a three-week low on Friday, as a stronger dollar and expectations of a US Federal Reserve interest rate hike dented the yellow metal’s allure. By 0451 GMT, spot gold fell 0.3 percent to $1,752.89 an ounce, after falling to its lowest since July 28 at $1,751.01 …

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• 19 August 2022 12:32 pm

  Japanese stocks fall

  

  Japanese stocks gave up their gains and closed flat on Friday with the decliners that led the rally recently, while investors awaited a seminar by the Federal Reserve next week. The Japanese Nikkei index closed down 0.4 percent at 28,930.33 points. It had opened with an increase of 0.53 percent …

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• 19 August 2022 4:27 am

  Market Drivers – US Session – Thursday, August 18

  

  The US dollar has strengthened all along US trading hours as best performer. Market players assessed several encouraging US macroeconomic readings that suggest the economy has a good chance to avoid recession, despite technically being in.Economic DataEconomic data refers to Initial Jobless Claims declining to 250,000, below expectations, Philly Fed …

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• 19 August 2022 4:01 am

  Biggest Questions On Iran’s Response To Draft Nuclear Deal

  

  One of the biggest questions in the oil market, this week, is what after Iranians sent their response to the European draft nuclear deal? Iran’s response said neither “Yes”, nor “No” about the EU draft deal, instead the response raises issues which Tehran wants fused into the draft including, but …

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• 19 August 2022 2:07 am

  Finance Ministry: Germany’s economic outlook looks gloomy

  

  The economic outlook for Europe’s largest economy looks gloomy due to soaring energy prices and supply chain disruptions according the Finance Ministry’s August monthly report, published early Friday.Given the early Asian session’s inaction, EUR/USD fails to react to the news and was last seen around the one-month low flashed the …

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