Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 3 May 2022 10:47 pm

  Schnabel: ECB may need to hike rates in July

  

  European Central Bank member, Isabel Schnabel, told a German newspaper Handelsblatt on Tuesday that the ECB may need to raise interest rates as soon as July to stop high inflation from getting entrenched.EUR/USD is higher on the day by some 0.23% yet has not reacted to the comments, sticking to …

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• 3 May 2022 3:11 pm

  Euro steadies near five-year lows ahead of ECB President Lagarde’s speech

  On Tuesday, the euro settled near a five-year low against the dollar, ahead of a speech by European Central Bank President Christine Lagarde. The dollar fell slightly from its highest level in 20 years against a basket of currencies before an expected hike in the US interest rate this week, …

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• 3 May 2022 3:02 pm

  Oil prices fall amid fears of falling demand in China and the European Union is considering banning Russian oil

  

  Oil prices fell on Tuesday under pressure from China’s COVID-19 shutdown that could affect demand, but prices found support from a possible European oil embargo on Russia over its invasion of Ukraine. Beijing, which records dozens of new infections with the Coronavirus daily, is conducting mass examinations of the population …

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• 3 May 2022 1:53 pm

  Germany: The unemployment Rate stays unchanged at 5% as expected

  

  The data published by Germany’s Federal Labour Office showed on Tuesday that the seasonally adjusted Unemployment Rate in April stayed unchanged at 5% in April, matching the market expectation.Further details of the publication revealed that the number of unemployed declined by 13,000 to 2.287 million, compared to analysts’ estimate for …

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• 3 May 2022 1:42 pm

  Italy hopes to end its dependence on Russian gas in the second half of 2024

  

  Italian Environmental Transformation Minister Roberto Cingolani said in an interview published on Tuesday that his country hopes to end its dependence on Russian gas in the second half of 2024. “We must achieve self-sufficiency by the second half of 2024. We can dispense with importing Russian gas,” Cingolani added to …

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• 3 May 2022 1:30 pm

  Eurozone Unemployment Rate drops to 6.8% in March vs. 6.7% expected

  

  The Eurozone Unemployment Rate dropped to 6.8% vs. 6.7% expected and 6.9% reported in February, the latest data published by the Eurostat showed on Tuesday. The Producer Price Index (PPI) in the bloc rose to 5.3% MoM in March vs. 5% expected and 1.1% previous. On an annualized basis, the …

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• 3 May 2022 1:07 pm

  Slovakia will request an exemption from any EU embargo on Russian oil

  

  Slovakia will seek an exemption from any Russian oil embargo agreed by the European Union as part of its next set of sanctions against Moscow over its invasion of Ukraine, the Slovak Economy Ministry said on Tuesday. “If there is an agreement to ban Russian oil as part of another …

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• 3 May 2022 12:57 pm

  European shares rise with the support of banks and positive business results

  

  European shares rose on Tuesday after a series of positive business results reports and with bank shares rising, supported by government bond yields reaching new highs in anticipation of faster decisions to raise interest rates. The pan-European Stoxx 600 index jumped 0.6 percent by 0716 GMT, with the banking sector …

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April, 2022

• 30 April 2022 3:04 am

  Market Drivers – US Session – Fri. 29 April

  

  The week finished with prevalent negative market sentiment. US equities recorded hefty losses, between 2.77% and 4.17%. China’s coronavirus outbreak which has lasted for the last couple of weeks threatens to disrupt supply chains. The US central bank’s increasing rate hikes to tackle inflation and the Ukraine-Russia conflict, further entering …

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• 30 April 2022 1:58 am

  Nasdaq retreats to worst low since 2008 crisis

  

  US equities and stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic.The tech-heavy Nasdaq fell 4.2% on Friday, dragged down by Amazon (AMZN), which dropped nearly 15% after …

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• 30 April 2022 1:24 am

  Could PCE Data Drive Looming Critical FOMC Meeting?

  

  The Fed’s favorite inflation gauge slowed in March, in its first retreat in more than one year, according to a report issued Friday in the run-up to next week’s meeting of the policy-setting Federal Open Market Committee.PCE data gives a reading of the Personal Consumption Expenditures Price Index that excludes …

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• 30 April 2022 12:25 am

  Chevron Profit Nearly Quadruples As Exxon Ups Stock Buyback Plan

  

  Energy prices padded the bottom lines of Exxon, Mobil, and Chevron in the first quarter, a time that has helped oil companies to tell a totally different story from that is told by the Big Tech companies, which had been falling and falling into their earnings reports.Chevron and ExxonMobil are …

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• 29 April 2022 11:51 pm

  Is Russia’s Latest Economic Data Consistent On War Impact, Sanctions?

  

  Latest economic data published by Moscow do not track private-sector surveys that show a sharp contraction in Russian manufacturing. The consequences of harsh economic sanctions against Russia are already being felt across the globe. Experts are busy explaining the significance of what has happened so far and how the conflict …

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