Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 25 October 2022 5:09 pm

  US: Housing Price Index at -0.7% in August

  

  The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index fell by 0.7% on a monthly basis in August. This print followed July’s decrease of 0.6% and came in lower than the market expectation of -0.3%. Meanwhile, the S&P/Case-Shiller Home Price …

  Read More »
• 25 October 2022 4:22 pm

  Coca-Cola raises its forecast for this year’s business results after earnings beat expectations

  

  The Coca-Cola Company raised its forecast for its full-year financial results Tuesday, October 25, after beating expectations for its quarterly earnings and revenue. The company also provided an outlook towards 2023 saying it expects inflation to continue to drive up its expenditures and commodity prices to remain volatile. However, the …

  Read More »
• 25 October 2022 3:30 pm

  General Motors Stock Leaps After Q3 Earnings Beat

  

  General Motors posted stronger-than-expected third-quarter earnings Tuesday while repeating its full-year profit outlook, as higher car prices helped fuel record sales for the biggest U.S. automaker. General Motors said adjusted earnings for the three months ending in September came in at $2.25 per share, up 48.5% from the same period …

  Read More »
• 25 October 2022 2:53 pm

  Sterling rises as Sunak prepares to take office, euro awaits interest decision

  

  The British pound rose on Tuesday, boosted by an improvement in risk appetite as Rishi Sunak prepares to take over as Britain’s prime minister. At the same time, the euro stabilized ahead of the European Central Bank’s expected rate hike on Thursday. The dollar rose slightly, but not far from …

  Read More »
• 25 October 2022 1:25 pm

  German IFO Business Climate Index eases to 84.3 in October

  

  The headline German IFO Business Climate Index eased slightly to 84.3 in October versus the previous reading of 84.4 the market consensus of 83.3. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as compared to July’s 94.5 and 92.4 expected. The IFO Expectations Index – …

  Read More »
• 25 October 2022 12:11 pm

  Promising profits push European shares higher

  

  European shares gained on Tuesday after a series of better-than-expected earnings reports helped allay fears of rapid interest rate increases and a slowdown in the euro-zone economy. The pan-European STOXX 600 index rose 0.5% by 0717 GMT, with the media and technology sectors compensating for losses in chemical shares. SAP …

  Read More »
• 25 October 2022 11:12 am

  Nikkei closes higher, supported by strong results

  

  Japanese stocks rose on Tuesday, October 25 as electric car maker Nidec Corp. started its earnings season with solid results and boosted hopes that other companies might benefit from the weak yen. The index rose at the beginning of trading today only 0.51%, but ended trading up 1.02%, while the …

  Read More »
• 25 October 2022 10:42 am

  The World Bank provides an additional $500 million to Ukraine

  

  The World Bank said on Monday it has provided an additional $500 million to help Ukraine meet urgent spending needs caused by Russia’s Feb. 24 invasion and ongoing war on its soil. This came on the eve of a conference in Berlin on Tuesday where world leaders, development experts and …

  Read More »
• 25 October 2022 2:54 am

  Market Drivers – US Session 24/10/2022

  

  The US dollar began the trading week with negative performance, extending its Friday’s decline at the opening, but the dollar gradually edged higher as the day went by. The American currency closed with modest gains against most major rivals while traders and investors are eying significant events scheduled later in …

  Read More »
• 25 October 2022 2:26 am

  Is Bitcoin Able To Recover?

  

  Bitcoin is now trading at $19,3315, which is obviously lower than the previous highest highs of $69,000. The most famous cryptocurrency lost -$256.70 on Monday. With inflation increasing in the US, Bitcoin struggles to recover. The macroeconomic climate seems too difficult for Bitcoin and investors have realized that gains will …

  Read More »
• 25 October 2022 1:54 am

  US shares Rally on earnings, interest rate expectations

  

  US shares rallied for a second straight session while investors focus on some of the world’s biggest companies to report earnings this week. Traders also spiced their expectations and bets on whether the US central bank could slow its pace of interest-rate hiking after digesting negative economic data released on …

  Read More »
• 25 October 2022 12:23 am

  GBP/USD retreats after Sunak effect relinquishment

  

  The British pound retreats below 1.1300 after failure at the 1.1400 area. Traders and investors have broadly welcomed Rishi Sunak’s victory and markets hope to steady under his upcoming government.The GBP/USD pair trades at 1.1278 at the time of writing. The asset aims at 1.11/1.12 if 1.1400. The sterling is …

  Read More »
• 25 October 2022 12:10 am

  USD/CHF consolidates after rebounding from 1.0145

  

  The US dollar has restored the 112.014 level after it had declined from 1.0145 to find support at 0.9965. The dollar is also consolidating in the calm US market session.The US dollar has been trading sideways against the Swiss Franc on Monday. The pair has remained moving roughly between 0.6965 …

  Read More »