Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 20 May 2022 12:12 am

  Fed’s Kashkari: The Fed may need to be more aggressive

  

  Federal Reserve’s Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, has crossed the wires with various comments, arguing that the fed may need to be more aggressive. In the face of a steadfastly hawkish Fed, the US dollar would be expected to remain firm so long as …

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• 19 May 2022 11:33 pm

  US equities reclaims 3900 but remains negative on risk aversion

  

  The S&P 500, the Dow Jones, and the Nasdaq recorded losses amidst a risk-aversion environment. US equities recovered some ground during the day but remain set to finish with losses, despite investors’ efforts of a last-hour rally. At the time of writing, the S&P 500, the Dow Jones Industrial, and …

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• 19 May 2022 10:42 pm

  USD/CAD falls on oil price, Canadian inflation

  

  The USD/CAD pair slides for the third successive day and is trading back below the 1.2900 figure after two consecutive days of a busy Canadian calendar, which witnessed the release of inflationary figures showing that Consumer Prices surged. The market reacted the opposite way, sending the USD/CAD rallying above 1.2900, …

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• 19 May 2022 9:58 pm

  AUD/USD surges despite mixed market sentiment

  

  The AUD/USD pair is gaining close to 1.50% on Thursday. The market sentiment is mixed, as Asian and European bourses closed negatively, while US equities are pairing Wednesday’s losses.The AUD/USD is paring Wednesday’s losses and is sharply rallying, more than 1.40% on Thursday, despite a risk-off market mood, which would …

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• 19 May 2022 9:12 pm

  ECB’s de Guindos: QT must be gradual, cautious

  

  unwinding support: de GuindosECB Vice President Luis de Guindos said, on Thursday, that inflation pressures in the eurozone will remain high in the near term but the European Central Bank must unwind stimulus cautiously and gradually given the presence of exceptional uncertainties,.“Medium-term inflation expectations remain anchored, close to our 2% …

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• 19 May 2022 8:14 pm

  EUR/USD extends gains on weaker US dollar

  

  The EUR/USD pair’s main trend is bearish but a firm recovery above 1.0650 could point to an interim bottom as the US dollar drops further amid an improvement in market sentiment. The EUR/USD has been surging since early European session and recently printed a fresh daily high at 1.0598. It …

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• 19 May 2022 7:27 pm

  GBP/USD tricks risk aversion, hits two weeks highs

  

  The GBP/USD pair is rising on Thursday, making a full recovery from Wednesday’s slide even as the stock market remains in red territory and under pressure. The pair managed to rise more than 150 pips from the daily low and recently hit 1.2512, the highest level since May 5. The …

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• 19 May 2022 5:37 pm

  US: Philadelphia Fed Manufacturing Index falls to 2.6 in May

  

  According to a report from the Federal Reserve Bank of Philadelphia released on Thursday, the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey slid to 2.6 in May from 17.6 in March. That was well below the expected decline to 16.0 and was the lowest reading since May …

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• 19 May 2022 5:03 pm

  US: Weekly Initial Jobless Claims rises to 218K

  

  There were 218,000 Initial Jobless Claims in the week ending on 14 May, a tad above the expected rise to 200,000 from 197,000 one week ago, data released by the US Department of Labour on Thursday showed. That meant the four-week average number of claims rose to 199,500 from 191,250 a week …

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• 19 May 2022 3:57 pm

  The dollar’s decline revives gold prices amid fears of weak growth

  

  Gold prices rebounded again on Thursday as a weaker dollar and lower US Treasury yields coupled with a drop in risky assets revived demand for the precious metal, which is considered a safe haven for value amid concerns about global growth. The price of gold in spot transactions jumped 0.8 …

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• 19 May 2022 2:05 pm

  European shares fell, affected by the decline in retail and US stocks

  

  European shares fell 1.7 percent on Thursday after heavy selling on Wall Street, as weak results from retail companies highlighted the impact of high inflation on the world’s largest economy. European retail stocks fell, following in the footsteps of their American counterparts, by 2.4 percent and was the biggest loser …

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• 19 May 2022 1:28 pm

  The euro is recovering a little and the focus is on the ECB’s policy

  

  The euro rebounded somewhat on Thursday after investors digested the possibility that the European Central Bank would tighten monetary policy aggressively in the near term, while the safe-haven dollar picked up a breath after making big gains in previous sessions. Financial markets are currently expecting a 106 basis point hike …

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• 19 May 2022 12:36 pm

  Japan says it will double financial support to Ukraine to 600 million dollars

  

  Japanese Prime Minister Fumio Kishida told reporters on Thursday that his country will double its financial aid to Ukraine to $600 million in a coordinated move with the World Bank to support the near-term financial necessities of the Russian-invaded country. “Our country stands by Ukraine,” Kishida said, adding that Japan …

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