Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 28 July 2022 11:00 am

  Oil extends gains as risk appetite improves, US inventories fall

  

  Oil rose more than a dollar a barrel on Thursday, extending gains from the previous session, supported by improved risk appetite among investors, while prices were supported by a decline in US crude inventories and a recovery in gasoline demand in the United States. Brent crude futures for September delivery …

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• 28 July 2022 4:36 am

  Market Drivers – US Session – Wednesday, July 27

  

  The fears of the US economic slowdown as portrayed by the US Treasury yield curve appeared to have recently creeped among the optimists. US government bond market is sending a fresh batch of signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation could result in recession. …

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• 28 July 2022 2:39 am

  Gold capitalizes on Fed’s hawkish comments, consolidation ahead

  

  It has been a big Wednesday for gold. FOMC decision should help convince Wall Street that a peak in Treasury yields (10-year) is in place. The Fed is still committed to fighting inflation and the market is getting very close to pricing in peak tightening.Gold looks like it could continue …

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• 28 July 2022 2:02 am

  Yield curve flashing additional signals of recession risks

  

  The US government bond market is sending new signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation will result in recession.While Fed Chair Jerome Powell on Wednesday said that he does not see the economy currently in a recession, spreads between different pairings of Treasury securities …

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• 28 July 2022 1:33 am

  EU should get prepared for permanent halt of Russian gas

  

  Nord Stream 1 pipeline’s reduced gas flows via the was a significant factor that added more complication to the EU’s plan to fill gas storage units across the continent. The EU’s goal as a whole is to replenish its gas storage to 80 percent full by the end of October. …

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• 28 July 2022 12:57 am

  AUD/USD bulls welcome a less hawkish outcome at the Fed

  

  The AUD/USD pair is moving through a critical level on the daily chart (see below) and has reached a high of 0.7000 following a dovish outcome at the Federal Reserve. AUD/USD has climbed by over 0.8% on the day so far from a low of 0.6911 to a high of …

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• 28 July 2022 12:34 am

  USD/CAD keeps post-Fed losses, Eying US GDP

  

  The USD/CAD pair remains pressured around six-week low, keeps Fed-inspired bearish bias despite oil’s pullback. Fears of US recession also recently poked bears even as Fed’s Powell favored sellers.USD/CAD bears approach 1.2800 while extending the post-Fed losses during Thursday’s Asian session. In doing so, the Canadian dollar ignores a pullback …

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• 28 July 2022 12:01 am

  Powell: Households are in very strong shape

  

  FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“We understand goal of soft landing is very challenging, has become more so in recent months”.“I am gratified that markets have …

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• 27 July 2022 11:26 pm

  Powell: US balance sheet reduction to gain momentum

  

  FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“No one can be sure on whether we can achieve a soft landing”.“Balance sheet reduction is working fine, markets have accepted …

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• 27 July 2022 11:17 pm

  What Does Fed’s latest interest rate hike mean for US economy?

  

  The latest 75-basis point rate hike from the Fed, decided on Wednesday, July 27, 2022, will make business debt of higher cost as the monthly payment on loans will be a bigger, if manageable, drain on cash flow.But higher debt interest payments are less significant for business owners than what …

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• 27 July 2022 11:05 pm

  Powell: We want to get to 3% to 3.5% by end-2022

  

  FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“Our thinking is that we want to get to a moderately restrictive level by end of this year.”“That means 3% to …

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• 27 July 2022 10:28 pm

  Federal Reserve issues FOMC statement

  

  The Federal Reserve System published a press release on the official website including the FOMC Meeting statement. The statement reads as follows: “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting …

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• 27 July 2022 10:02 pm

  Breaking: Fed hikes policy rate by 75 bps as expected

  

  The US Federal Reserve on Wednesday announced that it had lifted the policy rate, federal funds rate, by 75 bps to the range of 2.25-2.5%. This decision came in line with the market expectation.In its policy statement, the Fed noted that it anticipates that ongoing increases in the policy rate …

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