Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 30 May 2022 9:23 pm

  Cash Crisis Amid China’s Stalling Economy

  

  The cash crisis emerging at four rural banks in the central Chinese province of Henan is currently every saver’s nastiest nightmare.Deposits at four rural banks in the central Chinese province of Henan have been frozen since April 18, with looming protests in the capital city of Zhengzhou despite President Xi …

  Read More »
• 30 May 2022 8:50 pm

  USD/CAD slides to fresh monthly lows

  

  The USD/CAD continued to decline during the North American session and recorded a fresh one-month low at 1.2649. the pair is hovering now near the lows, holding onto daily losses, about to post the fourth consecutive decline.The combination of an improvement in market sentiment, higher crude oil prices and a …

  Read More »
• 30 May 2022 7:54 pm

  Gold steadies above $1850

  

  Gold begins the trading week with relatively positive performance, up by 0.20%. the Holiday in the US is expected to keep the precious metal’s prices within a tighter range amid a busy US economic calendar week.An absent US economic docket on Monday keeps gold traders leaning on market sentiment and …

  Read More »
• 30 May 2022 7:13 pm

  Fed’s Waller Supports 50 bps Hikes At Next FOMC meetings

  

  Member of Fed Board of Governors, Chris Waller said on Monday that he supports hiking interest rates by another 50 bps at the next several FOMC meetings and that the policy rate should be above neutral by the end of the year to reduce demand, reported Reuters. Waller also said …

  Read More »
• 30 May 2022 5:02 pm

  Canada: Q1 Current Account rises to C$5B versus C$3.2B expected

  

  Canada’s Current Account for Q1 rose to C$5.0B from -C$0.1B in Q4 2021, bigger than the expected jump to C$3.2B, data released by Statistics Canada on Monday revealed. Positive moves in global commodity markets helped boost Canadian exports last quarter, and will likely do the same in Q2. 

  Read More »
• 30 May 2022 3:06 pm

  The dollar continues to decline with a temporary recovery in stocks

  

  The dollar extended its decline on Monday as risk appetite in the markets temporarily increased, buoyed by positive economic data and bets that the Federal Reserve will tighten monetary policy at a slower pace. And the US currency index, which measures its performance against six major currencies, is on its …

  Read More »
• 30 May 2022 2:08 pm

  Reuters: EU summit to agree to ban Russian oil imports

  

  European Union leaders are set to agree at a summit later on Monday that the package of sanctions being prepared should include a ban on Russian oil imports as punishment for Moscow’s invasion of Ukraine, with the exception of pipeline supplies. But the leaders, who have been unable to agree …

  Read More »
• 30 May 2022 1:32 pm

  European shares rise on optimism from China’s stimulus measures

  

  European shares rose to surpass three-week highs on Monday as fresh stimulus measures in China boosted optimism that began last week, while investors looked forward to more economic data this week, including inflation in Germany. And the authorities in Shanghai, the Chinese commercial center, will cancel many conditions imposed on …

  Read More »
• 30 May 2022 12:32 pm

  Gold prices rise in volatile trading with the decline of the dollar

  

  Gold prices rose in choppy trading on Monday, boosted by a weaker dollar, although some investors’ shift to riskier assets in Asia limited those gains. And gold rose in spot transactions 0.2 percent to $ 1856.86 an ounce at 0152 GMT. US futures rose 0.1 percent to $1,859.40 an ounce. …

  Read More »
• 30 May 2022 12:11 pm

  Nikkei closes at the highest level in a month amid optimism about growth in China

  

  Japan’s Nikkei index closed at its highest level in more than a month on Monday, boosted by equipment and technology shares, after stimulus measures in Shanghai and the easing of Covid-19 restrictions calmed fears of a sharp slowdown in China, the world’s second-largest economy. The Nikkei index rose 2.19 percent …

  Read More »
• 30 May 2022 6:26 am

  Financial Markets’ Weekly Recap, 23 – 27 May

  

  Wall Street closed sharply higher on Friday, as signs of inflation peaking and then data on consumer spending increased investor optimism that the Federal Reserve would be able to tighten monetary policy without pushing the economy into recession. All three major US stock indexes halted their longest streak of weekly …

  Read More »
• 28 May 2022 4:29 am

  Market Drivers – US Session – 27 May

  

  The EUR/USD reached a fresh four-week high, around 1.0765, but in the last hour, retreated 30 pips, as the New York session come to close, on a positive trading session, courtesy of positive US data. At 1.0735, the EUR/USD is set to record weekly gains of 1.66% amidst a week …

  Read More »
• 28 May 2022 2:34 am

  Bitcoin Still Trapped Below USD 30,000

  

  Crypto traders remain committed to risk-off after having experienced nine-week decline. Bitcoin is expected to further fall 27% decline this month, although it is up 10% from its recent extreme low at $25,840 on 12 May.The most famous cryptocurrency declined by nearly 3% over the past 24 hours’ trading and …

  Read More »