Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 5 August 2022 6:55 pm

  Canadian Unemployment Rate Unchanged In July

  

  The Unemployment Rate in Canada stayed unchanged at 4.9% in July. The USD/CAD pair posts strong daily gains above 1.2950 after the economic data.The Unemployment Rate in Canada was virtually unchanged at 4.9% in July, Statistics Canada reported on Friday. This reading came in slightly better than the market expectation …

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• 5 August 2022 5:02 pm

  US Nonfarm Payrolls rise by 528,000 in July

  

  Nonfarm Payrolls in the US rose by 528,000 in July, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed June’s increase of 398,000 (revised from 372,000) and came in better than the market expectation of 250,000. The Unemployment Rate edged lower to 3.5%. …

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• 5 August 2022 3:35 pm

  The dollar rises before the release of US jobs data

  

  The US dollar rose on Friday, trying to recover losses after the biggest daily decline in more than two weeks, with traders’ focus shifting to US jobs data for more indications of the economy’s strength. The dollar index, which measures the performance of the US currency against a basket of …

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• 5 August 2022 2:20 pm

  Oil prices rise from their lowest levels in months due to supply concerns

  

  Oil prices rose slightly on Friday, climbing from their lowest levels since February, as the market moved between concerns about a shortage of supplies and an expected decline in demand for fuel. By 0900 GMT, Brent crude futures rose 39 cents, or 0.4 percent, to $ 94.51 a barrel, while …

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• 5 August 2022 1:02 pm

  Gold at a month high as bond yields fall ahead of US employment data

  

  Gold prices settled on Friday at their highest levels a month before the release of long-awaited US employment data, as falling Treasury yields and growing fears of a recession boosted the value of the safe-haven precious metal, keeping it on track for a third consecutive week of gains. By 0701 …

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• 5 August 2022 12:20 pm

  European shares stabilize before US jobs data

  

  European shares stabilized on Friday as eyes turned to US jobs data expected later. Investors assessed the Bank of England’s biggest rate hike in 27 years amid growing fears of a recession. By 0705 GMT, the pan-European Stoxx 600 index settled, amid fears of slowing growth in the world’s largest …

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• 5 August 2022 4:26 am

  Market Drivers – US Session – August, 4

  

  The dollar fell against most of its major rival currencies, ending the trading day near its latest lows. This constitutes a sign of additional declines ahead in the near term.AUD/USD advanced and hovers around 0.6970, helped by gold, as the bright metal reached fresh one-month highs in the $1,790 price …

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• 5 August 2022 4:07 am

  WTI pressured around $87.80 amid recession fears

  

  WTI crude oil holds lower ground near six-month bottom after declining for the last four days. Fears of economic slowdown, central bank aggression outweigh geopolitical woes linked to China, Russia. US jobs report for July as well as developments surrounding China will be important for fresh impulse. WTI crude oil …

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• 5 August 2022 3:37 am

  USD/CHF turns sideways ahead of NFP data

  

  The USD/CHF pair is wavering in an 11-pip range as investors await the important NFP data in the US. Estimated 200k for the NFP could even drag the asset lower. The Dollar Index failed to capitalize on a wave of hawkish commentary from several Fed policymakers.The USD/CHF pair is displaying …

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• 5 August 2022 2:27 am

  Could NFP Data Impact Gold’s rally?

  

  Gold breached the coveted $1,800 per ounce on Thursday on accelerated geopolitical tensions between China and the United States. But Friday’s employment report could disrupt gold’s momentum, according to analysts. December gold futures rose $33 on Thursday, touching a daily high of $1,812. At the time of writing, gold trades …

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• 5 August 2022 1:40 am

  Warner Brothers misses Q2 earnings expectations

  

  Warner Bros. Discovery posted weaker than expected second quarter earnings Thursday amid a firestorm of speculation about a restructuring at the company that would cull costs.The media giant, which owns HBO, CNN, Warner Bros., HGTV and TLC, reported its earnings for the first time since it merged earlier this year, …

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• 5 August 2022 12:34 am

  Fed’s Mester supports further Interest rate hikes this year on till Mid 2023

  

  President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Thursday that the Fed should raise interest rates to above 4% in order to bring inflation back down to target.The US dollar was lower vs. most major currencies on Thursday, down some 0.5% at the time of writing …

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• 4 August 2022 11:49 pm

  WTI Crude Retreats Below $90

  

  The US crude oil benchmark dipped early on Thursday to the lowest level in months, falling below $90 a barrel for the first time since Russia invaded Ukraine at the end of February.WTI trades now at $91.9, but at 10:30 a.m. ET on Thursday, the US benchmark WTI Crude had …

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