Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2022

• 12 October 2022 12:31 am

  General Motors launching energy products

  

  The next step taken by General Motors will feature providing new energy products to households, businesses and utilities. Meanwhile, competition is heating between GM and Tesla in the field of making and selling electric vehicles.GM’s new line will be housed under a new business unit called GM Energy and covers …

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• 11 October 2022 11:43 pm

  Why Is IMF Warning Of Tough 2023?

  

  The International Monetary Fund has reduced its forecast for the global economy, but this time with a loud warning, claiming that “The worst is yet to come, and for many people 2023 will feel like a recession”. “More than a third of the global economy will contract this year or …

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• 11 October 2022 10:55 pm

  Bitcoin declines ahead of CPI data

  

  Bitcoin price performance declines in line with US stocks ahead of classic volatility caused by the US Consumer Price Index data. The cryptocurrency’s price followed analysts’ predictions with mixed action continuing around $19,000 at Tuesday’s Wall Street open. At the time of writing, bitcoin is trading at $18972.The BTC/USD pair …

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• 11 October 2022 9:42 pm

  Stocks rise as investors await inflation, earnings updates

  

  Stocks escaped an early decline and, instead, marched higher on Wall Street as investors await information on inflation and corporate earnings. worries about recessions are hitting major economies worldwide. The S&P 500 rose 0.6% as of 12:52 p.m. Eastern. The benchmark index fell as a much as 1.2% earlier after …

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• 11 October 2022 8:49 pm

  Fed’s Mester: Risk ahead if Fed doesn’t sufficiently hike rates

  

  Federal Reserve Bank of Cleveland President Loretta Mester reiterated on Tuesday that policymakers have not achieved much in their endeavors nor made any progress on lowering inflation.The US Dollar Index stays under bearish pressure despite these hawkish comments and was last seen losing 0.43% on the day at 112.70.Key Quotes“Monetary …

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• 11 October 2022 8:08 pm

  Gold price edges higher ahead of CPI data

  

  Gold price is slightly up during the North American session, but the precious metal is still pressured due to high US Treasury bond yields, as well as the stronger US dollar. The US 10-year Treasury bond yield is down by four bps but around YTD highs at 3.92%, while the …

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• 11 October 2022 7:20 pm

  BoE accepts GBP 1.363 billion offers in bond purchase

  

  The Bank of England (BoE) accepted 1.363 billion sterling of offers in the daily purchase operation of conventional long-dated bonds on Tuesday.The BoE rejected 47.6 million GBP of offers in the same operation. The 2-year UK bond yield pushed lower with the initial reaction and was last seen losing nearly …

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• 11 October 2022 6:11 pm

  Market Drivers – European Session 11/10/2022

  

  Most of the global stock indices declined due to the escalation of political tensions and fluctuations in some commodities and currencies traded in global markets. The performance of European stock indices declined significantly, affected by political tensions and the emergency meeting of the Group of Seven that was announced yesterday, …

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• 11 October 2022 4:40 pm

  Oil falls more than 2% on fears of a global recession and an increase in Corona cases in China

  

  Oil prices fell more than 2% on Tuesday, extending losses of about 2% also in the previous session, as fears of a global recession and an increase in Corona virus infections in China exacerbated concerns about slowing global demand. World Bank President David Malpass and International Monetary Fund Managing Director …

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• 11 October 2022 3:11 pm

  Dollar is rising and yen is approaching a level that previously called for intervention

  

  The dollar climbed back to September’s highest levels in years on Tuesday, as investors worried about rising interest rates and geopolitical tensions, while the Japanese yen fell close to the level that called for intervention last month. Strong US labor market data and expectations of continued inflation expected to be …

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• 11 October 2022 2:09 pm

  Japanese stocks fell to the lowest level in two weeks due to the sale of technology shares

  

  Japanese stocks posted their worst daily performance on Tuesday in more than two weeks as index-heavy tech stocks fell after a sell-off in global markets. Still, travel-related stocks rose when Japan reopened its borders to regular tourism. The Nikkei index fell 2.64 percent after returning to trading from the weekend, …

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• 11 October 2022 1:14 pm

  Gold falls as the dollar rises amid expectations of rate hike

  

  Gold prices fell slightly on Tuesday, weighed by gains in the dollar amid expectations of further interest rate hikes, while caution prevailed ahead of key inflation data due later this week. Spot gold prices fell 0.1% to $1,665.89 an ounce by 0612 GMT, after touching the lowest level since October …

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• 11 October 2022 11:30 am

  China is accelerating the pace to control new Corona cases across the country

  

  Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China’s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts …

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