Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 2 August 2022 3:41 pm

  China bans imports of more than 100 Taiwanese food manufacturers

  

  The People’s Republic of China decided to impose trade sanctions against Taiwan – as it had done against Australia – and targeted the island’s industrial sector, which enjoys political independence despite being a part of China. The General Administration of Customs of China suddenly announced the suspension of imports of …

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• 2 August 2022 3:36 pm

  Taiwan prepares for emergency amid China’s threats

  

  Taiwan’s Ministry of Defense said in a statement Tuesday that it is fully aware of the military exercises of China’s forces near the island’s coast, and that Taiwan is determined, capable and confident in its capabilities to protect its territory in case of emergency or any threats. This comes after …

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• 2 August 2022 3:16 pm

  Oil slips on global demand concerns, eyes turn to OPEC+ meeting

  

  Oil prices fell on Tuesday as investors digested a bleak outlook for global fuel demand after data pointing to a global slowdown in the manufacturing sector. In contrast, OPEC+ oil producers meet this week to decide whether to increase supplies. Surveys on Monday revealed that factories across the United States, …

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• 2 August 2022 2:44 pm

  Gold stabilizes as US bond yields fall and dollar rises

  

  Gold gave up early gains to trade flat on Tuesday as the US dollar rose, lower Treasury yields and growing recession fears kept the yellow metal near its four-week peak. And gold settled in spot transactions at about 1771.29 dollars an ounce by 0843 GMT, after hitting its highest level …

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• 2 August 2022 1:01 pm

  European shares decline, affected by fears of recession and Sino-American tension

  

  European shares fell on Tuesday, August 2 after weak global factory data reinforced fears of an economic slowdown, while markets were nervous ahead of US House Speaker Nancy Pelosi’s upcoming visit to Taiwan. By 7:08 GMT, the pan-European Stoxx 600 index was down 0.6%. Three sources said Pelosi was expected …

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• 2 August 2022 12:33 pm

  Japan shares close lower, driven by US-China tension and a stronger yen

  

  Japanese stocks closed lower on Tuesday as tensions escalated between Beijing and Washington ahead of a possible visit by US House Speaker Nancy Pelosi to Taiwan on Tuesday. At the same time, the yen’s rally against the dollar fueled a sell-off in exporters’ shares. The Nikkei index fell 1.42 percent …

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• 2 August 2022 11:23 am

  Check Point Software Earnings, Revenue Beat in Q2

  

  Check Point Software on Monday reported second-quarter earnings that beat analyst expectations and revenue that beat expectations. Check Point Software reported earnings per share of $1.64 on revenue of $571.1 million. Check Point Software shares are up 6% from the start of the year, still down 16.72% from a 52-week …

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• 2 August 2022 10:48 am

  China leads losses in Asia as geopolitical tensions escalate

  

  China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan. The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading The Hang Seng …

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• 2 August 2022 3:24 am

  EUR/USD Impacted By Eurozone Retail Sales

  

  The EUR/USD pair is struggling around 1.0260 as estimates for Eurozone Retail Sales shift lower. The Dollar Index has hit a fresh three-week low as the recruitment process seems vulnerable in July.Eurozone’s stable jobless rate may remain a hurdle for the ECB in hiking interest rates. The EUR/USD pair failed …

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• 2 August 2022 2:50 am

  Market Drivers – US Session – Monday, August 1

  

  The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated. The US dollar edged lower on Monday, although the slide pared …

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• 2 August 2022 2:30 am

  Reserve Bank of Australia Decision Preview

  

  During its meeting, on Tuesday, August 2, the Reserve Bank of Australia is expected to hike the cash rate by 50 bps. The current cash rate is at 1.35%, a level that Australian monetary policymakers consider as ‘below neutral’, while they consider the neutral level is at least 2.5%. Smaller …

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• 2 August 2022 1:49 am

  White House: US will not be intimidated by China

  

  The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated.China’s actions could include firing missiles near Taiwan, large-scale air or naval …

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• 1 August 2022 11:42 pm

  Gold surges around $1770 on US PMI data

  

  Gold prices advance on falling US Treasury yields and US dollar weakness. US equities rise, despite cooling manufacturing data, illustrating Fed actions are being felt. At the time of writing, gold is trading at $1770.5. Fed policymakers pushed back against deacceleration of interest rate hikes, according to the market’s reaction. …

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