Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 17 August 2022 9:14 pm

  Equities fall, Treasury yields rise ahead of FOMC minutes

  

  Global equities fell while US Treasury yields rose on Wednesday ahead of the release of the Fed’s meeting minutes that are expected to reveal the extent of officials’ hawkish stance on interest rates and inflation.MSCI’s gauge of stocks in 50 countries across the globe (.MIWD00000PUS) shed 0.94%, while the pan-European …

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• 17 August 2022 8:46 pm

  US Dollar Surges Ahead Of FOMC Minutes

  

  FOMC minutes are expected to keep the US dollar supported. The dollar gains about 2% off the highs of the year, ahead of today’s release of the 27 July FOMC minutes. Last FOMC’s meeting, in particular, triggered dollar selloff on the view that the Fed might have already taken the …

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• 17 August 2022 8:26 pm

  Could FOMC Minutes point to resize Fed’s future rate hikes?

  

  The US central bank’s officials tend to keep hiking interest rates until high inflation is under control, and the release on Wednesday’s FOMC minutes from their July 26-27 policy meeting could highlight how aggressive they expect to be.Data since the Fed’s last policy meeting showed annual consumer inflation eased in …

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• 17 August 2022 8:08 pm

  Tesla shares trade at $906 during Wednesday’s crash

  

  Tesla stocks trade at $906, down by 1.4% at the time of writing. Tesla encounters a kind of selling pressure on Wednesday’s US session. Shares, earlier on the day, were trading down 1.7% at $903.84 about 55 minutes into the session, having opened at $910.19, traded as high as $917.34 …

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• 17 August 2022 7:42 pm

  AUD/USD retreats ahead of FOMC Minutes

  

  The AUD/USD pair slides more than 1.40% on Wednesday due to cooler-than-expected Australia’s Wage Price Index (WPI). Risk aversion keeps investors rushing towards safe-haven assets, bolstering the US dollar.AUD/USD is currently below the 20/50-day EMA, on a risk-off impulse spurred by recession fears lingering on investors’ minds, while US Retail …

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• 17 August 2022 7:03 pm

  Expectations On Australian Employment Report

  

  Australia is expected to report July’s employment figures on Thursday, August 19 at 01:30 GMT and as financial markets get closer to the release time, economists have published their expectations on the upcoming employment data.Australia is expected to have added 25K positions in the month, while the Unemployment Rate is …

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• 17 August 2022 6:02 pm

  US Retail Sales remained flat MoM in July

  

  Retail Sales in the US stayed virtually unchanged at $682.8 billion in July, the data published by the US Census Bureau showed on Wednesday. This reading followed June’s increase of 0.8% and came in slightly weaker than the market expectation of +0.1%. “Total sales for the May 2022 through July …

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• 17 August 2022 5:46 pm

  Market Drivers – European Session 17/8/2022

  

  European shares rose for the sixth consecutive session on Wednesday, boosted by a rally in financial stocks as investors focused on economic growth and inflation data in the eurozone due for release this week. The pan-European Stoxx 600 index rose 0.2 percent in early trading, hovering near its highest level …

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• 17 August 2022 4:35 pm

  Norges Bank Preview: Forecasts from 3 major banks

  

  Norges Bank meets on Thursday, August 18 at 08:00 GMT. As we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks regarding the upcoming central bank’s Interest Rate Decision. Markets are pricing in a 50 basis points (bps) rate …

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• 17 August 2022 4:32 pm

  Saudi Arabia’s crude oil exports rise in June

  

  The International Energy Forum said on Wednesday, citing data from the Joint Organizations Data Initiative (JODI), that Saudi Arabia’s crude exports in June rose to 7.20 million barrels per day from 7.050 million in May. The data showed that demand for Saudi crude rose 364,000 barrels per day to 2.79 …

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• 17 August 2022 3:09 pm

  Dollar rises before Fed minutes

  

  The dollar remained higher against other major currencies on Wednesday, before the release of the minutes of the Federal Reserve’s meeting for the month of July, which may give more indications on the pace of raising interest rates again. The dollar has recouped its losses since lower-than-expected inflation data last …

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• 17 August 2022 2:08 pm

  Gold settled as investors await the minutes of Fed meeting

  

  Gold prices stabilized on Wednesday as investors awaited the release of the minutes of the Federal Reserve’s latest monetary policy meeting, looking for clues regarding interest rates amid signs of easing inflation. And the price of gold settled in spot transactions at 1776.75 dollars an ounce at 0708 GMT, after …

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• 17 August 2022 1:30 pm

  Oil falls to six-month low as recession fears grow

  

  Oil prices fell on Wednesday to their lowest level in six months, as fears of a global recession that would dampen demand overshadowed a report showing a decline in US crude and gasoline stocks. Brent crude futures were down 44 cents, or 0.5 percent, at $91.90 a barrel by 0815 …

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