Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 13 October 2022 5:57 pm

  Pound rose in volatile trading, and yen fell near the 1998 level

  

  The British pound rose on Thursday in volatile trade as investors awaited the imminent deadline set by the Bank of England to end its emergency bond purchase program. The fragile yen approached a new 24-year low as markets worried before US inflation data was released later on Thursday, looking for …

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• 13 October 2022 4:50 pm

  US annual CPI inflation declines to 8.2% in September

  

  The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 8.2% on a yearly basis in September from 8.3% in August. This reading came in higher than the market expectation of 8.1%. The Core CPI, which …

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• 13 October 2022 4:31 pm

  IEA: OPEC+ cuts could push the world into recession

  

  The International Energy Agency said on Thursday that the decision of the OPEC + group of oil producers last week to curb production led to higher prices and could push the global economy into recession. It stated in its monthly oil report that with persistent inflationary pressures and higher interest …

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• 13 October 2022 2:24 pm

  Germany starts receiving gas directly from France

  

  French gas pipeline operator GRTgaz said on Thursday that Germany received its first direct deliveries of gas from France via a pipeline link, under an agreement aimed at helping the two countries deal with current energy supply problems. France is less dependent on Russian imports from Germany because it gets …

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• 13 October 2022 1:48 pm

  European shares continue to decline and attention turns to US inflation data

  

  European shares fell on Thursday, dragged down by technology and real estate stocks, while investors focused on US inflation data to be released later on Thursday for indications of the direction of the Federal Reserve’s rate hike. By 0714 GMT, the pan-European Stoxx 600 index fell 0.6 percent, to record …

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• 13 October 2022 12:51 pm

  Nikkei falls as market focuses on US inflation data

  

  Japanese stocks fell on Thursday, as investors awaited important US inflation data that could influence central banks’ statements around the world regarding interest rate hikes. The Nikkei index started the session higher, but gave up its early gains and fell 0.6 percent to close at 26,237.85 points. The broader Topix …

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• 13 October 2022 11:30 am

  Annual inflation in Germany rose to its highest level in its history in September

  

  Inflation in Germany rose for the month of September of 2022 to record 10%, in line with expectations, to be at its highest levels in its history. The annual inflation in Germany was 7.9% in August of this year. This high inflation rate, the highest rate ever, highlights the impact …

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• 13 October 2022 10:41 am

  Gold shines as US dollar declines before CPI

  

  Gold prices moved in a narrow range on Thursday as investors exercise caution ahead of inflation data in the United States that could affect the size of the next interest rate hike by the Federal Reserve. And gold fell in spot transactions 0.2 percent to $ 1668.84 an ounce by …

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• 13 October 2022 3:22 am

  Market Drivers- US Session 12/10/2022

  

  The US session left the American Dollar slightly changed on Wednesday, despite some noise coming from major central banks. Investors await US inflation data, which could provide fresh clues on the policy track to be followed by the Federal Reserve in next policy meetings.The EUR/USD pair remains stable at around …

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• 13 October 2022 2:15 am

  CPI Preview: Why does it matter?

  

  Rising rents are expected to represent a considerable factor behind the jump in September consumer prices. The awaited consumer price index will be released Thursday at 8:30 a.m. ET, and it will attract full attention from investors as a key input data ahead of next Fed meeting on November 1 …

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• 13 October 2022 1:41 am

  WTI pressured as supply risks raise concerns

  

  The WTI crude is under pressure leading up to the key event of the week; namely Thursday’s US Consumer Price Index. At the time of writing, WTI is trading at 87.18 having crawled between $86.30 low and $90.05 high. Oil retreated on Wednesday with overall negative performance, losing over 1.8% …

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• 13 October 2022 12:48 am

  US stocks close lower after FOMC Minutes

  

  US stocks finished lower on Wednesday after the release of the minutes of September FOMC policy meeting, wherein policy makers noted that inflation remained “unacceptably high.”The S&P 500 SPX, -0.33% closed 11.81 points, or 0.3%, lower at 3,577.03. The Dow Jones Industrial Average DJIA, -0.10% finished off 28.34 points, or …

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• 13 October 2022 12:12 am

  Gold benefits from FOMC minutes

  

  Gold spiked higher to reach $1,678 after FOMC Minutes. The US dollar loses ground as the Fed hints to moderate the hiking pace. Gold futures spiked up to session highs at $1,677, with the US dollar turning lower as the minutes of September’s Fed meeting have been considered more dovish. …

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