Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 1 July 2022 12:17 am

  Will SEC Rejection of ETF Impact Bitcoin Price?

  

  Bitcoin price predictions have become a hot topic of discussion among crypto traders today after the US Securities and Exchange Commission’s plan for a BTC spot exchange traded fund (ETF).Grayscale sought to transform its Bitcoin Trust into an ETF for Bitcoin before the SEC rejected its application. According to the …

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June, 2022

• 30 June 2022 11:27 pm

  Could ECB’s Latest Measures Impact Euro’s Performance?

  

  June has generally been a chaotic month for the Euro, trading in ranges around and north of +/-4% versus its major counterparts. At first, it was the June European Central Bank policy meeting that startled investors into thinking a Eurozone debt crisis redux could be looming.The Euro has reversed its …

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• 30 June 2022 10:39 pm

  Commodity Traders Eying New Swiss Regulations

  

  Switzerland is planning to set up more regulation and scrutiny for commodity traders to get more info as well as intelligence about this sector that is flourishing every single day.The move comes in line with the West tries to monitor Russia’s commercial ties and impose sanctions aiming to punish Moscow’s …

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• 30 June 2022 9:44 pm

  GBP/USD climbs on softer US dollar

  

  The British pound recovered from two-week lows and is advancing just above 1.2150, after sliding below the 1.2000 mark, for the first time since mid-June, when the GBP/USD collapsed towards 1.1933 YTD lows. At 1.2176, the GBP/USD records solid gains, as the year’s first half is near to end.Worries about …

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• 30 June 2022 9:00 pm

  Canadian dollar steadies despite GDP dip

  

  The Canadian dollar was little changed against its US counterpart on Thursday but was on track for a steep quarterly decline, as equity markets globally fell and preliminary domestic data showed the economy contracting in May.Stocks sank and the safe-haven US dollar surged against a basket of major currencies, as …

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• 30 June 2022 8:14 pm

  Gold under pressure near $1800

  

  On an obviously volatile session, gold reaffirms bearish bias. Gold falls sharply even as US yields move lower.The Gold Index is testing $1805, below attention would turn to the YTD low at $1785. Gold is back below 1810$, under pressure and looking vulnerable to the downside. The price hit earlier …

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• 30 June 2022 7:48 pm

  Labour Shortages Cost Canadian Businesses A Lot

  

  The lack of skilled workers costs Canada’s economy tens of billions of dollars every year. The current labour shortage has very negative impact on most Canadian companies. A recent survey by the Business Council of Canada indicates that more than 66% of companies have had to adjust timelines for projects …

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• 30 June 2022 7:02 pm

  Oil Falls On OPEC+ Output Hike Decision

  

  Following its meeting on Thursday, OPEC+ announced on Thursday that it will stick to its plan of increasing oil output by 648,000 barrels per day (bpd) in August, as reported by Reuters. The group refrained from discussing the output strategy from September. Meanwhile, Russian Deputy Prime Minister Alexander Novak said …

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• 30 June 2022 5:43 pm

  Weekly Initial Jobless Claims decline to 231K

  

  There were 231,000 initial jobless claims in the week ending June 25, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 233,000 (revised from 229,000) and came in slightly higher than the market expectation of 228,000.

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• 30 June 2022 5:22 pm

  Novak says setting a ceiling for the price of Russian oil will push prices higher

  

  Russian Deputy Prime Minister Alexander Novak said on Thursday that attempts to put a ceiling on the price of Russian oil could lead to an “imbalance” in the market and push prices higher, the Russian Interfax news agency quoted Russian Deputy Prime Minister Alexander Novak as saying on Thursday. His …

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• 30 June 2022 4:40 pm

  US annual Core PCE inflation falls to 4.7% in May as expected

  

  Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 6.3% on a yearly basis in May, the US Bureau of Economic Analysis announced on Thursday. The Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, declined to 4.7% in the …

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• 30 June 2022 3:55 pm

  Gold is on its way to record the worst quarter since the beginning of 2021

  

  Gold settled for most of the time Thursday, June 30, but faces its worst quarter since early 2021 as the dollar’s impressive performance deterred investors. spot gold prices settled at $1817.01 an ounce, and US gold futures prices changed little to $1816.90 an ounce. It is expected that gold prices …

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• 30 June 2022 2:34 pm

  Euro remained near its lowest level since 2015

  

  The Swedish Krona rose against the Euro on Thursday after Sweden’s Central Bank raised its key interest rate by 50 basis points, as expected. On the other hand, the price of the euro stabilized against the major currencies and remained near its lowest level since 2015 against the Swiss franc …

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