Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 13 August 2022 2:25 am

  US dollar recovers some of this week’s losses

  

  The dollar index on Friday rose by +0.58% and recovered mildly from Wednesday’s 5-week low. Still, the dollar closed -0.9% lower on the week. The dollar on Friday saw support from the stronger-than-expected US consumer sentiment report. However, there was carry-over bearish sentiment for the dollar based on the favorable …

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• 13 August 2022 1:33 am

  US shares rise for fourth straight day

  

  week as investors warm to cooler inflationStocks rose sharply on Friday, clinching the fourth straight positive week for the S&P 500 as investors celebrated signs that inflation may be peaking. The Dow Jones Industrial Average added 424.38 points, or 1.27%, to close at 33,761.05. The S&P 500 gained 1.73% to …

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• 13 August 2022 12:43 am

  USD/CAD pares earlier losses

  

  US data revealed, Friday morning, lifted the USD/CAD above its 100-DMA when the University of Michigan showed that the US Consumer Sentiment improved from 52.5 as estimated to 55.1, reaching a three-month high. That is very good news for the Federal Reserve policymakers; however, US inflation expectations for a 5-year …

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• 12 August 2022 11:39 pm

  Gold gains on retreating Treasury yields

  

  Gold prices drifted higher on Friday helped by a drop in U.S. Treasury yields and setting the metal on path for a fourth straight week of gains, as investors took stock of the recent inflation data out of the United States.Gold rose 0.5% to $1,798.86 per ounce by 1800 GMT …

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• 12 August 2022 11:09 pm

  Fortuna Silver Earnings Retreat On Weaker Silver Price

  

  Fortuna Silver released its Q2 results this week, reporting quarterly production of 1.65 million ounces of silver and 62,200 ounces of gold, translating to a meaningful increase in revenue. However, with the impacts of provisional pricing adjustments, an inventory write-down, inflationary pressures, and weaker silver prices, earnings were down sharply …

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• 12 August 2022 10:17 pm

  Russian economy steeply contracts on war, sanctions

  

  The Russian GDP from April through June declined 4 percent over last year according to new government data. Russia’s economy contracted in the second quarter as the economic consequences of its war in Ukraine took hold.The economy shrank 4 percent from April through June compared with a year ago, the …

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• 12 August 2022 9:08 pm

  EUR/USD down from five-week highs

  

  The EUR/USD pair hesitates to hold above 1.0300, preparing to finish the week with gains of just 0.21%. US Consumer Sentiment rises to a three-month high, while inflation expectations remain mixed.EU’s Industrial Production surprised to the upside, but recession is still looming. The pair could not hold to its two-day …

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• 12 August 2022 8:15 pm

  Friday’s US Consumer Confidence Gives Relief To US Economy

  

  Data released on Friday showed a rebound in Consumer Confidence in August according to the University of Michigan’s preliminary report. Analysts at Wells Fargo point out the relief comes amid a modest bounce in consumer sentiment from what was an all-time low in June. They take little solace in the …

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• 12 August 2022 7:26 pm

  Fed’s Barkin: There’s more to come to get rates into restrictive territory

  

  Richmond Fed President Thomas Barkin said on Friday that there is more to come to get rates into the restrictive territory and noted that he would like to see PCE inflation running at target for some time, as reported by Reuters.The dollar continues to outperform its rivals after these comments …

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• 12 August 2022 3:32 pm

  Eurozone Industrial Production rises 0.7% MoM in June

  

  Eurozone’s Industrial Production increased more than expected in June, as Eurostat published on Friday, suggesting that the bloc’s manufacturing sector activity recovery is back on track. The industrial output in the old continent increased 0.7% MoM vs. a 0.2% rise expected and 2.1% last. On an annualized basis, the industrial …

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• 12 August 2022 3:28 pm

  Dollar rises as markets reassess rate hike bets

  

  The dollar rose in early trade in London on Friday as hawkish comments from Federal Reserve officials weighed against the notion that US inflation data this week could prompt the US central bank to slow down policy tightening. US inflation data came in less than expected, which led to support …

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• 12 August 2022 1:54 pm

  Nikkei closes at 7-month high on hopes of slowing US rate hike

  

  Japan’s Nikkei index closed at a seven-month high on Friday, led by SoftBank Group and other technology heavyweights, as signs of slowing inflation in the United States raised hopes of a less sharp interest rate hike by the Federal Reserve and boosted appetite. on the risk. The Nikkei average jumped …

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• 12 August 2022 12:32 pm

  Oil is heading to record weekly gains, and uncertainty about demand limits the rise

  

  Oil prices rose slightly on Friday, with crude contracts heading towards recording weekly gains as recession fears eased, but uncertainty regarding the outlook for demand limited the gains. By 0736 GMT, Brent crude futures rose 23 cents, or 0.2 percent, to $99.83 a barrel. West Texas Intermediate crude futures were …

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