Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 4 October 2022 2:51 pm

  USD is falling and the markets are taking a breath

  

  The dollar fell on Tuesday as US Treasury yields stopped rising after a wave of increases, which provided an opportunity for stock markets and helped the euro and pound to catch a breath and recover from multi-year lows. The Australian dollar was also eye-catching, as it fell by about one …

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• 4 October 2022 1:28 pm

  Gold hits 3-week high as dollar and bond yields fall

  

  Gold prices hit a three-week high on Tuesday, prompting all precious metals to gain, with the dollar and US Treasury yields falling again after hitting their highest levels in years, restoring the allure of the non-yielding precious metal. And gold rose in immediate transactions 2.5 percent to $ 1707.20 an …

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• 4 October 2022 12:51 pm

  Turkey’s trade deficit rises to $10.38 billion in September

  

  Turkey’s Trade Ministry announced on Tuesday that the country’s trade deficit jumped 298 percent year-on-year in September to $10.384 billion, as rising energy import costs continue to cause the deficit to grow. The data showed that exports grew by 9.2 percent to $22.62 billion in September, while imports jumped 41.5 …

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• 4 October 2022 11:58 am

  Japan’s Nikkei jumps 3%, supported by the rise in Wall Street

  

  Japan’s Nikkei index jumped 3 percent on Tuesday in its best session in more than six months, as investors flock to blue-chip and hard-hit growth-related stocks and following Wall Street’s sharp rally at the close in the evening. The Nikkei rose 2.96 percent to 26,992.21 points, supported by broad buying, …

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• 4 October 2022 4:39 am

  RBA Policy Preview: Dovish Signals Could Harm

  

  Most economists expect the Reserve Bank of Australia to decide one more big rate hike on Tuesday before shifting to slower moves in the near future. With a majority of Australian mortgages on adjustable rates, policymakers could issue a decision that is weighing inflation control and currency support against a …

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• 4 October 2022 4:27 am

  Market Drivers – US Session 3/10/2022

  

  The US dollar resumed its decline at the beginning of the week on the first US trading session in October, ending Monday with losses across the board while Government bond yields were sharply lower but moved off their intraday lows ahead of the close.The EUR/USD pair was able to advance …

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• 4 October 2022 3:17 am

  US Natural Gas Futures Fall On Instable Supply-Demand Balance

  

  Natural gas futures retreated on Monday amid weaker market signals; including storage capacity extensions. This has sent November prices as much as 46 cents below Friday’s close. The November Nymex contract ultimately settled Monday at $6.470/MMBtu, down 29.6 cents. Gas prices recovered on Monday, led by large upward swings on …

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• 4 October 2022 2:52 am

  Gold Price Benefits From Weaker US Dollar

  

  Gold price is holding on the $1701 per ounce level during the first US trading session in October. Gold seems to be currently defending its gains amid a broadly weaker US dollar. However, some economists believe that it stays immersed in a strong downtrend despite the recent respite afforded by …

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• 4 October 2022 1:22 am

  Is GBP/USD Able To Extend Recovery?

  

  In a striking twist of incidents, the UK government announced on Monday a U-turn of its latest expensive and unfunded tax cut policy. After the Bank of England’s intervention last week to calm the bond market, the British pound rallied and was able to consolidate for a while.While the Prime …

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• 4 October 2022 12:03 am

  Fed’s Williams: Fed still has a way to go

  

  New York Fed President John C. Williams, on Monday, said that the Fed still has a way to go, cites 4.6% median `23 dot.In earlier comments, Williams pointed to three layers of inflation, comparing it to an onion. “The outer layer consist of prices of globally traded commodities such as …

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• 3 October 2022 11:16 pm

  BoE Mann: UK inflation expectations are not de-anchored

  

  Bank of England policymaker Catherine Mann has said that UK inflation expectations are not de-anchored, has some concerns about medium-term upward drift.The Bank of England reaffirmed on Monday its willingness to buy up to 5 billion pounds ($5.65 billion) of long-dated bonds at each of its daily auctions, after rejecting …

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• 3 October 2022 10:36 pm

  Wall Street Creeps Out From September’s Losses

  

  US stocks rallied, on Monday, after the S&P 500 and Nasdaq Composite closed out their first three-quarter losing streak since the 2008 Global Financial Crisis and the Dow logged its first such span of losses since 2015.The benchmark S&P 500 index soared 2.4%, while the Dow Jones Industrial Average jumped …

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• 3 October 2022 9:29 pm

  What does ISM data tell about US economy?

  

  ISM Manufacturing Index dropped during September more than expected to the lowest level in two years. According to analysts, key measures point to slowing economic activity, but it inventories that hold the key to understanding what is happening in the US economy. Companies seem tired of having input prices that …

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