Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 30 August 2022 7:02 pm

  US equities drop on interest rate worries

  

  Stocks fell for a third day on Tuesday, jeopardizing a summer comeback rally, as the Federal Reserve and other global central bankers continued to send hawkish signals to fight inflation despite the negative consequences for economic growth or the impact on corporate earnings. The S&P 500 fell 1.1% to 3,986.16, …

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• 30 August 2022 5:41 pm

  Elon Musk cites whistleblower claims in latest effort to scrap Twitter deal

  

  Elon Musk’s legal team has given another notice to terminate its $44 billion deal to buy Twitter, citing additional reasons. The latest notice comes after Twitter’s former security chief alleged deficiencies in its security, privacy and content moderation systems earlier this month. On July 8, Musk’s legal team initially filed …

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• 30 August 2022 4:23 pm

  Germany: Annual CPI inflation rises to 7.9% in August

  

  Annual inflation in Germany, as measured by the Consumer Price Index (CPI), rose to 7.9% in August from 7.5% in July, Germany’s Destatis reported on Tuesday. This reading came in slightly higher than the market expectation of 7.8%. The Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) preferred …

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• 30 August 2022 4:22 pm

  Reuters: Iraq’s oil exports have not been affected by political turmoil

  

  Three sources told Reuters on Tuesday that Iraq’s oil exports have not been affected by the current political turmoil. Baghdad is witnessing the worst fighting in years, with clashes between rival Shi’ite groups entering their second day. Two sources confirmed that supporters of Shiite cleric Muqtada al-Sadr, a former leader …

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• 30 August 2022 3:20 pm

  Oil prices plunge against the backdrop of concerns related to inflation

  

  Oil prices fell on Tuesday on fears that the weakness of global economies caused by inflation will reduce demand for fuel, while Iraqi exports will not be affected by the ongoing clashes there. Brent crude futures for October delivery fell $2.45, or 2.33 percent, to $102.64 a barrel by 1022 …

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• 30 August 2022 2:04 pm

  Banks push European shares higher as interest rates and recession fears grow

  

  European shares rallied on Tuesday following a two-day sell-off with the banking sector supporting equities. However, concerns over a mounting energy crisis, interest rate hikes and an impending recession capped gains. The pan-European Stoxx 600 index rose 0.4 percent, after declining about 2.5 percent in the previous two sessions, on …

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• 30 August 2022 1:19 pm

  Gold falls due to the rise of the dollar and concerns about raising interest rates

  

  Gold prices fell on Tuesday, pressured by the dollar’s rise. At the same time, the possibility of higher US interest rates for a longer period also affected the non-yielding allure of the precious metal. And gold fell in immediate transactions 0.3 percent to $ 1732.10 an ounce (an ounce) by …

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• 30 August 2022 12:34 pm

  Nikkei rebounds after hitting a two-week low as technology shares rise

  

  The Japanese Nikkei index ended trading on Tuesday, up more than one percent, led by major technology companies, as the benchmark index rebounded after reaching its lowest level in two weeks in the previous session. The Nikkei rose 1.14 percent to close at 28,195.58 points, while the broader Topix index …

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• 30 August 2022 2:44 am

  Market Drivers – US Session – Monday, August 29

  

  WTI crude oil is settling at $97.01; highest since July 29. Continuing clashes in the Libyan capital, Tripoli, are threatening oil supply, moreover, the OPEC+ meeting is also a concern as Saudi Arabia has threatened production cuts. Earlier on Monday, WTI oil moved above the $96 level as traders focused …

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• 30 August 2022 2:32 am

  Bitcoin Whales Increase By 103 Within 30 Days

  

  Bitcoin took the journey, on Monday from the opening price at $19571.30 to $20199.30 at the time of writing. It last traded at this level in July when the bulls took over the market and initiated an uptrend.Since a big stone was thrown into the market waters by Jerome Powell’s …

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• 30 August 2022 1:41 am

  Housing bubble could threaten China’s economy

  

  Hundreds of thousands of Chinese people sent angry messages to several banks and local governments that have reverberated in Beijing’s halls of power. Most messages read: “If you stop construction, I will stop paying my mortgage”. Similar threats have been made across 328 property development projects in nearly 100 Chinese …

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• 30 August 2022 12:35 am

  Gold Back Under Pressure In New York Session

  

  Gold price is bending below the European highs of $1,745.55. The precious metal is now losing 0.10% at the time of writing while the US dollar firms again, basing itself on a key measure versus a basket of rival currencies. Gold trades heavy in a bearish territory with potential demand …

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• 29 August 2022 11:29 pm

  Fed’s Kashkari: All understand Fed is serious about getting inflation back to 2%

  

  In response to the market’s reaction to last week’s Jackson Hole, Minneapolis Federal Reserve Bank President Neel Kashkari said, on Monday, that people now understand how serious policymakers are about getting inflation back to 2%.The dollar has touched a fresh 20-year high to start the week fueled by hawkish comments …

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