Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 23 May 2022 3:18 am

  Lagarde signals ECB’s first Hike likely in July

  

  European Central Bank President Christine Lagarde said the first increase in interest rates in more than a decade may come in July, but meanwhile she downplayed the idea of a half-point move amongst accelerating concerns about economic expansion. Lagarde joins a number of ECB policymakers calling for a July hike …

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• 23 May 2022 1:09 am

  Financial markets’ Weekly Recap 16-20 May

  

  Federal Reserve chairman Jerome Powell doubled down on his agency’s commitment to fighting inflation, but warned Americans of further rough pains ahead. The US central bank declared war against inflation. Monetary policy tightening is still the major trend in the light of statements by the Fed officials and policymakers. Accelerating …

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• 21 May 2022 4:00 am

  Market Drivers – US Session – Friday 20 May

  

  The negative market mood increased appetite for safe-haven peers in the forex space, particularly the USD, while the JPY is the weakest on the week’s last trading day. US equities plunged between 1.51% and 2.49%, reaching fresh 52-week lows. That despite investors’ cheered rate cut of 0.15% by the Bank …

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• 21 May 2022 2:31 am

  US adds oil, gas rigs for ninth week

  

  US energy drillers this week added oil and natural gas rigs for a ninth consecutive week according to data released on Friday, as mostly small producers respond to high prices and prodding by the government to ramp up output.Since Moscow invaded Ukraine on Feb. 24, the US government has urged …

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• 21 May 2022 1:14 am

  USD/CAD hovers around 1.2835

  

  The US Dollar Index reclaimed the 103.000 mark but ended the week with losses of 1.38%, meanwhile, the Canadian dollar gained 0.47% versus the USD in the week, which was soft throughout the whole week. The USD/CAD pair has been seesawing during the North American session and is recording minimal …

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• 21 May 2022 12:27 am

  USD/JPY records minimal losses on sliding T-yields

  

  The USD/JPY continues sliding for the third straight day, though the downtrend capped at April’s 27 daily low at 126.94, keeping the major’s uptrend intact amidst a downbeat market mood on the last trading day of the week, as the Wall Street close looms. At 127.82, the USD/JPY records minimal …

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• 20 May 2022 11:41 pm

  Fitch Warns: Gas Could Ignite Eurozone Recession

  

  Any sudden interruption in Russian gas supplies to the EU member states could push the Eurozone into recession, Fitch Ratings states that exposures are “so large that an immediate and total cessation of Russian natural gas supplies would result in gas shortages and rationing, causing a major macroeconomic shock”.The European …

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• 20 May 2022 10:54 pm

  S&P 500 Dips As Selloff Continues

  

  Friday’s drop is conceived of as a bad omen for the economy as a whole. Only one bear market in the last 50 years, the market crash of 1987, was not accompanied by a recession. For the majority of the bull market since the March 2020 low, investors have had …

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• 20 May 2022 10:07 pm

  USD/CHF stops bleeding on broad US dollar strength

  

  The Swiss franc gained more than 2.50% vs. the greenback. A dampened market mood and a strong US dollar capped the USD/CHF nosedive in the week. USD/CHF Price Forecast: Although the major held a massive loss in the week, it remains upward biased unless USD/CHF bears push the pair below …

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• 20 May 2022 9:17 pm

  EU Faces Same Obstacles Over Tariff On Russian Oil, Embargo

  

  The idea of an EU tariff on oil imports from Russia comes from the United States, which is considering proposing that European countries impose a tariff instead of an embargo, to allay concerns about the security of supply and surging oil prices. The EU could combine tariffs and embargoes, US …

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• 20 May 2022 8:36 pm

  AUD/USD struggles on risk-aversion

  

  The AUD/USD pair is up throughout the week by 1.34%, despite falling on Friday. Market sentiment fluctuates negatively in the last hour, dragging the AUD/USD lower. The Australian dollar is struggling at the 20-day moving average (DMA) and is losing the battle as the AUD/USD looks forward to resuming the …

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• 20 May 2022 7:47 pm

  RBNZ could decide 50 bps rate hike next week

  

  The Reserve Bank of New Zealand will have its monetary policy meeting next week. According to analysts at Wells Fargo, high inflation and a hawkish central bank outlook sets the scene for another 50 bps hike in May to 2.00%. They expect the rate to end the year at 3.00%. …

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• 20 May 2022 7:03 pm

  Eurozone Consumer Confidence unexpectedly rises in May

  

  Eurozone Consumer Confidence Index unexpectedly rose from -22.0 in April to -21.1 in May, according to the latest data release from the European Commission. That was slightly better than the small expected rise to -21.5, but still left the index close to multi-year lows, as EU consumers struggle amid surging …

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