Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 8 August 2022 11:20 pm

  After Extending Earlier Rally, Bitcoin Hovers Around $24K

  

  At the time of writing, the most famous cryptocurrency trades at $23,976. Earlier on Monday, Bitcoin climbed above $24,000, rising upon the same rhythm with the stock market and elevating stocks with high exposure to cryptocurrency.The price of Bitcoin has jumped nearly 5% over the past 24 hours to $24,220.36, …

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• 8 August 2022 10:28 pm

  GBP/USD Drops From Daily Highs

  

  The GBP/USD 4-hour scale depicts the pair as neutral-downward biased and might test the 1.2000 figure, short term.GBP/USD pair has trimmed some of last Friday’s losses but the asset is still trapped between the 20 and 50-DMA. The daily chart depicts the pair trending between a descending channel as sellers …

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• 8 August 2022 9:39 pm

  Nvidia stock drops on preliminary earnings warning

  

  Nvidia’s Q2 earnings will be announced after at least two weeks, but the company has found its way to news headlines after its preliminary numbers were revealed on Monday and the results are not looking good. The gaming revenue is reported at $2.04 billion, a staggering 33.33 percent decrease from …

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• 8 August 2022 8:45 pm

  US stocks give up earlier gain, impacted by chips

  

  US Stocks were little changed on Monday, following the S&P 500′s third straight weekly gain, as investors shifted focus to a key inflation report this week and struggles for the semiconductor industry.The Dow Jones Industrial Average gained 31 points or 0.1%. The S&P 500 and Nasdaq Composite were flat. Stocks …

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• 8 August 2022 7:57 pm

  New York Fed’s inflation expectation retreat to 6.2% in July

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US Consumers’ one-year inflation expectations declined to 6.2% in July from 6.2% in June. The three-year inflation expectations edged lower to 3.2% from 3.6%.The US dollar stays reluctant following this report and the …

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• 8 August 2022 7:16 pm

  Gold steadies as jobs data triggers bets on big US rate hike

  

  Gold futures traded higher on Monday after Friday’s jobs report showed the pace of hiring unexpectedly surged last month, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.Gold futures steadied on Monday as July’s US jobs data cleared the way ahead for more …

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• 8 August 2022 6:15 pm

  Gold rises as dollar and bond yields fall

  

  Gold turned higher on Monday as the dollar and Treasury yields tumbled with attention this week on US inflation data, which could influence the US central bank’s next rate hike decision. And gold rose in spot transactions 0.5% to $ 1782.36 an ounce (an ounce) by 1252 GMT, after declining …

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• 8 August 2022 4:06 pm

  Oil near multi-month lows as demand concerns grow

  

  On Monday, oil prices moved away slightly from multi-month lows as fears of declining demand due to pessimistic economic prospects outweighed positive economic data from China and the United States. Brent crude futures erased earlier gains and fell 51 cents, or 0.5 percent, to $94.41 a barrel by 0816 GMT. …

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• 8 August 2022 2:49 pm

  The dollar is falling, losing some employment data gains

  

  The dollar fell on Monday, losing some of the gains it made on the back of strong US employment data released on Friday as currency markets reversed their initial reaction. The higher-than-expected US employment data last week boosted the dollar’s strength against the major currencies. Traders saw the data as …

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• 8 August 2022 1:09 pm

  Chinese exports to Russia rose for the first time in 5 months in July

  

  Official customs data showed that Chinese exports to Russia rose significantly in July after a 4-month decline. Reuters calculations based on customs data indicated that exports to sanctioned Russia rose 22.2 percent in July from the previous year in dollar terms, reversing a 17 percent decline in June, the first …

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• 8 August 2022 12:21 pm

  Nikkei closes at a 4-month high, amid strong expectations for companies

  

  The Japanese Nikkei index closed at its highest level in more than four months on Monday, as investors flocked to stocks of companies that announced strong expectations, while caution ahead of the US consumer price report limited gains. The Nikkei rose 0.26 percent to 28,249.24 points, its highest close since …

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• 8 August 2022 11:53 am

  The price of gold fell after strong US data reinforced the prospects rate hike

  

  Gold prices fell on Monday after strong US jobs data last week boosted the possibility that the Federal Reserve will raise interest rates significantly, sending dollar and Treasury yields higher. And the price of gold in spot transactions 0.1 percent to 1771.74 dollars an ounce (an ounce) at 0454 GMT, …

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• 8 August 2022 5:32 am

  Financial Markets’ Weekly Recap, Aug 1-5

  

  The robust set of job market data seemed to have cleared much concern over the US recession and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on Fed continuing with the current pace of tightening beyond neutral. However, despite that, stock markets were …

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