Open Demo Account

Market Analysis

August, 2022

  • 26 August 2022 1:08 pm

    Gold stabilizes as investors await the Federal Reserve’s speech

    Gold prices stabilized on Friday despite the precious metal’s trend for a weekly gain, with investors focused largely on the Jackson Hole seminar for clues about the US Federal Reserve’s policy to curb inflation. Spot gold consolidated at $1,757.99 an ounce at 0624 GMT, but rose 0.6 percent so far …

    Read More »
  • 26 August 2022 12:35 pm

    The Nikkei index closed slightly higher before the Federal Reserve Chairman’s speech

    Japanese shares closed slightly higher on Friday, after giving up some of their early gains, as investors awaited a speech by Federal Reserve Chairman Jerome Powell to look for any clues on the pace of US monetary tightening. The Nikkei index closed up by 0.57 percent at 28,641.38 points, after …

    Read More »
  • 26 August 2022 4:45 am

    Market Drivers – US Session – Thursday, August 25

    The US dollar ended Thursday mixed although there were no significant changes among major pairs. Investors are mildly optimistic as macroeconomic data was positive upbeat but cautious ahead of central banks’ governors, set to speak within the Jackson Hole Economic Symposium.The EUR/USD pair briefly traded above parity but could not …

    Read More »
  • 26 August 2022 4:36 am

    Powell’s Jackson Hole Speech, What Can Be Expected

    Noticeably, traders, investors and economists have spent much of this week anticipating Jackson Hole Symposium which has now officially begun. Of course, markets are all waiting for the remarks by Fed Jay Powell which come at 10 o’clock tomorrow morning, Eastern Time. Markets have got some economic data that come …

    Read More »
  • 26 August 2022 4:08 am

    USD/CHF higher ahead of key data, Powell’s speech

    The USD/CHF pair picks up bids to refresh intraday high, adds to the second consecutive weekly gain. Cautious optimism drove US dollar downwards ahead of the latest rebound amid pre-data as well as Jackson Hole event anxiety.A 10-week-old descending trend line and the 100-DMA, respectively near 0.9650 and 0.9665, restrict …

    Read More »
  • 26 August 2022 3:05 am

    RBNZ Orr: At least two rate hikes to come

    Adrian Orr, the governor of the Reserve Bank of New Zealand has stated that he thinks there will be at least another couple of rate hikes. This is being reported by Bloomberg TV covering Jackson Hole. Federal Reserve chair Jerome Powell’s speech is going to be key, but the bears …

    Read More »
  • 26 August 2022 1:39 am

    Revised US Q2 data weaken recession theory

    The second estimate of Q2 GDP showed the US economy contracted at a slower-than-expected rate of 0.6%. Upward revisions to underlying demand and a first read from the income side weakens the argument that the economy is currently in recession. The US economy contracted at a 0.6% annualized rate in …

    Read More »
  • 26 August 2022 12:49 am

    T-yields retreat as markets cautiously Eying Jackson Hole

    US Treasury yields slid on Thursday after hitting multi-week highs the previous session, as investors balanced their positions amid uncertainty as to what Federal Reserve Chair Jerome Powell might say when he speaks on Friday at a global central bank conference in Jackson Hole.The bond market expects Powell to stick …

    Read More »
  • 25 August 2022 11:45 pm

    Gold climbs as traders expect hawkish Powell speech

    Gold price advances almost 0.30% on Thursday, courtesy of an upbeat sentiment and overall buck’s weakness. Investors still digest mixed US economic data, released ahead of Powell’s speech.Fed officials expect a 50 or 75 bps rate hike at the next meeting; awaiting September’s data. Gold Price trades in the green …

    Read More »
  • 25 August 2022 11:05 pm

    AUD/USD holds gains ahead of Powell’s speech

    The AUD/USD bulls are hanging following a significant strong move to the upside as China’s stimulus boosted risk sentiment and the proxy AUD.The Jackson Hole is now the main focus across financial markets. The AUD/USD pair is 1% higher on the day as the US dollar continues to find sellers …

    Read More »
  • 25 August 2022 10:04 pm

    After Parity, How Low Could EUR/USD Go?

    The chances for a global recession drive the demand for safe-haven assets, and traditionally the US dollar is one of them. From a technical point of view, the US economy has already entered a recession due to posting two straight quarters of negative GDP growth. The EUR/USD pair has broken …

    Read More »
  • 25 August 2022 9:39 pm

    Fed’s Bullard: Rates aren’t high enough now

    Federal Reserve’s president and CEO of the Federal Reserve Bank of St. Louis James Bullard: in a CNBC interview has said rates aren’t high enough now.Meanwhile, Fed funds futures traders are pricing in a 59% chance that the Fed will hike rates by another 75 basis points at its September …

    Read More »
  • 25 August 2022 9:09 pm

    GBP/USD fluctuates post-mixed US data

    The GBP/USD fluctuates during the day as traders wait for Fed’s Powell to take the stand on the sidelines. US growth in the second quarter improved but remains below the 0% threshold; a US recession looms.Money market futures expect the BoE to hike rates 250 bps by May of 2023. …

    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