Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 11 May 2022 8:15 pm

  CPI Data Proves Fed Has A Long Battle Against Inflation

  

  The key report of the week was released on Wednesday. The annual inflation rate in the US dropped in April to 8.3% from the March 8.5% reading (41-year high). The increase was larger than expected. Analysts at Wells Fargo point out April’s CPI data served as a reminder that the …

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• 11 May 2022 7:45 pm

  Will Disney’s Earnings Help Restore Wall Street’s Trust?

  

  The US entertainment giant reports after the closing bell Wednesday as streaming, theme parks and the stock price come into focus. The Walt Disney Co. reports its fiscal second-quarter earnings after the closing bell on Wednesday, closing out what has been an unusually turbulent earnings season for the entertainment industry.Disney …

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• 11 May 2022 7:14 pm

  Could Commodities Return To Normal?

  

  Hot inflation pressures from excessive US fiscal and monetary policy responses to the 2020 COVID crisis supported commodity markets early in Q1. Moreover, Ukraine and Russia, together, represent a veritable commodity superstore, providing critical commodities to the world.Roll yields became positive across the commodity complex for the first time in …

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• 11 May 2022 4:34 pm

  US annual CPI inflation falls to 8.3% in April versus 8.1% expected

  

  The annual pace of headline inflation in the US according to the Consumer Price Index (CPI) fell to 8.3% in April from 8.5% in March, according to the latest release from the Bureau of Labour Statistics on Wednesday. That was above the expected decline to 8.1% YoY. The MoM pace …

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• 11 May 2022 3:01 pm

  FED Preview: Forecasts From 4 Major Banks

  

  The US Bureau of Labor Statistics will release the April Consumer Price Index (CPI) data on Wednesday, May 11 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming US inflation print. …

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• 11 May 2022 1:56 pm

  Oil prices rise as Russian oil embargo approaches

  

  Oil prices rose on Wednesday after falling nearly 10 percent in the previous two sessions, buoyed by supply concerns, as the European Union works to rally support for a Russian oil embargo and as Russian gas supplies to Europe halted through a major transit point in Ukraine. The European Union …

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• 11 May 2022 1:30 pm

  European shares extend gains

  

  European shares rose on Wednesday, extending gains after hitting a two-month low this week, as investors awaited US consumer price data for indications of rising inflation. The pan-European Stoxx 600 index rose 0.4 percent by 0715 GMT, and the real estate sector was at the forefront of the emerging sectors …

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• 11 May 2022 12:47 pm

  Japan’s Nikkei rises ahead of US inflation data

  

  Japan’s Nikkei index rose at the close on Wednesday as investors flocked to stocks of companies with strong expectations, but gains were limited as US inflation data was awaited later in the day. The Nikkei rose 0.18 percent to close at 26,213.64 points, after declining earlier in the session. Investors …

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• 11 May 2022 4:05 am

  Market Drivers – US Session – Tuesday 10 May

  

  Germany and the US will publish their latest inflation figures on Wednesday. German CPI is expected to be confirmed at 7.4% YoY, while the US reading is foreseen at 8.1%. An in-line or lower than anticipated reading may boost optimism, to the benefit of equities and to the detriment of …

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• 11 May 2022 3:52 am

  Important Facts To Know About Nopec Bill.

  

  After twenty years of failed attempts, the “No Oil Producing and Exporting Cartels” Act, NOPEC, was passed by Senate panel on Thursday in a 17:4 vote. Today, there are many things “influencing” the market purposefully, including releases from strategic petroleum reserves, which are explicitly designed to influence prices in a …

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• 11 May 2022 3:38 am

  Fed’s Bostic: GDP will increase by 2.6% this year

  

  The US GDP will increase by 2.6% this year according to Atlanta Fed President Raphael Bostic. The Fed’s policymaker also mentioned that the economy is strong, and demand is high, adding that Fed policy must be robust, vigilant, and adaptive.Following the comments, the EUR/USD pair is defensive around 1.0530, keeping …

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• 11 May 2022 3:23 am

  WTI Retreats Near $98.00 On Inventories, EIA Data

  

  The American WTI crude oil prices dropped to a fortnight low after weekly private oil inventory data had been released on Tuesday, before bouncing around $98.00 during the initial Asian session on Wednesday. The energy benchmark’s latest rebound to $98.40, however, remains doubtful amid sour market sentiment and uncertainty just …

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• 11 May 2022 2:19 am

  USD/CAD stabilizes ahead of CPI data, oil’s fall

  

  The USD/CAD pair has renewed its fresh high in the year at 1.3052. the pair is attempting to balance above the 1.3000 psychological resistance. USD/CAD also managed to continue its winning streak by positive performance on Tuesday.USD/CAD is likely to further advance amid uncertainty over the release of the US …

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