Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 10 October 2022 5:33 pm

  Eurozone Sentix Investor Confidence worsens in October

  

  The Eurozone Sentix Investor Confidence index deteriorated to -38.3 in October from -31.8 in September vs. -34.7 expected. The index fell to its lowest level since March 2020, signaling a deep recession. The current situation in the eurozone dropped to -35.5 points in October from -26.5 in September, the lowest …

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• 10 October 2022 4:36 pm

  German Gas Commission Experts: First relief measure should be in place by end-2022

  

  After 35 hours of consultations, the German Gas Committee on Monday presented its statement to the German government regarding its recommendations for the terms of the gas price support program in Germany. The committee’s statement addressed the following points: The cost of the proposed gas price support package is estimated …

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• 10 October 2022 3:27 pm

  Turkey’s unemployment rate drops to 9.6% in August

  

  Data on Monday, October 10 showed that Turkey’s unemployment rate fell 0.4 percentage points month-on-month to 9.6% in August, while the seasonally adjusted underutilization of the labor force fell to 19.8%. The rate of incomplete exploitation of the labor force, which amounted to 22.4% in July, has taken a downward …

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• 10 October 2022 2:30 pm

  Dollar rises slightly as investors await US inflation data

  

  The dollar rose slightly on Monday as investors awaited this week’s inflation data, which is expected to show that price pressures remain strong. Meanwhile, the British Pound fell for the fourth consecutive session even after the Bank of England extended its support to the markets. US data on Thursday is …

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• 10 October 2022 12:53 pm

  European stocks fall as investors worry about economic growth

  

  European shares fell for a fourth consecutive session Monday, October 10, as investors worried about the impact of rising tension between Ukraine and Russia and central banks’ determination to curb inflation on economic growth and corporate profits. The pan-European Stoxx 600 index was down 0.6% by 0708 GMT, its lowest …

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• 10 October 2022 11:28 am

  Gold hits one-week low amid fears of US interest rate hike

  

  Gold prices fell to their lowest level in a week on Monday, after US jobs data reinforced expectations that the Federal Reserve will continue to raise interest rates sharply. Spot gold prices fell 0.5% to $1,686.55 an ounce by 0623 GMT, after hitting its lowest level since October 3. US …

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• 10 October 2022 10:22 am

  Oil is falling from its highest level in five weeks

  

  Oil prices fell on Monday from five-week highs as the market took profits following strong gains last week amid expectations of tight supplies after the OPEC+ decision to cut production and before the European Union imposed a ban on Russian oil. Brent crude futures fell 81 cents, or 0.8 percent, …

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• 10 October 2022 3:36 am

  Markets’ Weekly Recap, October 3-10

  

  The latest escalation in the Russia-Ukraine has been sending waves of fear to almost all financial assets, following an explosion that destroyed a part of the bridge in Crimea which is crucial for Russia’s war supplies. Escalation also contributed to the market’s sour sentiment. On the same line could be …

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• 8 October 2022 2:32 am

  Market Drivers – US Session 07/10/2022

  

  The US dollar strengthened against major rival currencies on Friday after US data showing employers hired more workers than expected in September, suggesting the Federal Reserve will likely stick to its aggressive tightening policy for now.The dollar reversed early losses against the Japanese yen and was last up 0.2% at …

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• 8 October 2022 2:17 am

  Oil Finishes Week With Significant Gains

  

  Crude oil prices were able to finish the trading week with significant gains. WTI rose more than $10 per barrel this week as OPEC+ agreed to slash its production for November by 2 million barrels per day.The November contract WTI prices rose to $92.64 (+4.43%) at the time of writing …

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• 8 October 2022 1:13 am

  Gold price encounters big risk ahead of CPI data

  

  Gold is trading at $1693.70 per ounce at the time of writing versus Thursday’s closing price at $1711.75. So, the gold market tends to be at risk despite its sudden recovery above $1,700 an ounce during the week. Gold failed to hold the $1700 level for long. Analysts point to …

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• 7 October 2022 11:34 pm

  Treasury Yields Rose On Eased Slowdown Fears After NFP

  

  US government-bond yields rose Friday morning after fresh labuor market related data for September showed slight opportunity of any serious economic slowdown. Treasury yields spiked, with the benchmark 10-year note topping 3.8% and the rate-sensitive 2-year yield at nearly 4.3%.The Labour Department’s latest data showed the unemployment rate dropping to …

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• 7 October 2022 10:39 pm

  US Stocks Sink On NFP Data

  

  US stocks fell on Friday as Wall Street weighed the government’s monthly employment report, which revealed how labour conditions remained tight in September, despite a slowdown in hiring; a sign the Fed will proceed with aggressive monetary tightening.The US economy added 263,000 jobs last month as the unemployment rate fell …

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