Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 28 July 2022 11:27 pm

  Fed expected to take rate to 3.50% by the end of 2022

  

  The latest FOMC meeting raised the key interest rate by 75 basis points, as expected. Analysts stick with our forecast that the Fed will take the fed funds rate to a 3.25-3.50% by the end of this year, shifting to a 50 bps hike in September, followed by two consecutive …

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• 28 July 2022 10:39 pm

  Declining Ad spending hits social media firms, but not equally

  

  The one thing Google, Snapchat, TikTok and Facebook all have in common is their business model that rely a lot on selling advertisements. This is why they of course share something else: a problem. Google is expected to comprise 30% of total worldwide digital ad revenues this year. Snapchat and …

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• 28 July 2022 10:02 pm

  Bitcoin Refreshes Above $23,400

  

  On Thursday, Bitcoin price analysis implies a consolidation following the previous day’s impressive gains. The price opened lower and traveled to touch the intraday high of $23,455, which acted as a strong resistance for the price as it coincided with the critical 50-day moving average.The BTC/USD pair is exchanging hands …

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• 28 July 2022 9:17 pm

  US equities retreat following Fed-inspired surge

  

  The stock market was slipping Thursday following its recent Fed-inspired surge after news headlines said that the US economy shrank for two successive quarter as any two consecutive quarters of declines in growth traditionally constitute a recessionThe Dow Jones Industrial Average was down 121.60 points, or 0.38%, at 32,075.99, the …

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• 28 July 2022 8:54 pm

  Chinese President opposes Taiwan independence, interference of external forces

  

  Chinese President Xi Jinping told US President Joe Biden on Thursday that they firmly oppose Taiwan’s independence and the interference of external forces, Chinese state media reported.“Those who play with fire will only get burnt,” Xi told his American counterpart during the phone call, as per Reuters. “Hope the US …

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• 28 July 2022 8:34 pm

  Biden: ‘No surprise, economy slowing down’ as economy enters technical recession

  

  The United States enters technical recession as economy shrank 0.9% in Q2 following two successive quarters of negative GDP growth. President Biden reacted to Thursday’s GDP report, saying it is “no surprise that the economy is slowing down” amid inflation, despite saying earlier this week that the US would not …

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• 28 July 2022 8:23 pm

  When does a real recession begin?

  

  This question normally weighs on consumers, politicians and investors around the world every time the US central bank decides interest rate hikes. Is the US economy in a recession? The reasonable answer, so far, is: “maybe”, in other words; it is “A Mix of Yes and No”. For many people, …

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• 28 July 2022 7:29 pm

  Gold surges to conquer $1750 on US Q2 GDP reading

  

  Gold price advances more than 1%, recording back-to-back gains for the first time since July 21-22. The US Q2 GDP, on its preliminary reading, contracted, meaning the US is technically in a recession.The US economic calendar on Friday will update the Fed’s favorite inflation gauge, alongside the UoM Consumer Sentiment.Gold …

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• 28 July 2022 7:01 pm

  OPEC+ expected to keep output steady or slightly raise in September

  

  Citing eight sources familiar with the matter, Reuters reported on Thursday that the Organization of the Petroleum Exporting Countries (OPEC) and allies, collectively known as OPEC+, were planning to leave the oil output unchanged for September.Sources also acknowledged that a modest output increase could be discussed amid calls from the …

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• 28 July 2022 5:55 pm

  US: Weekly Initial Jobless Claims decline to 256K

  

  There were 256,000 initial jobless claims in the week ending July 23, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 261,000 and came in worse than the market expectation of 253,000. Further details of the publication …

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• 28 July 2022 4:45 pm

  US economy contracts at an annualized rate of 0.9% in Q2

  

  The US economy contracted at an annualized rate of 0.9% in the second quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. This reading came in much worse than the market expectation for an expansion of 0.5%. “The decrease in real GDP reflected decreases in private …

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• 28 July 2022 2:55 pm

  Gold rises to its highest level in 3 weeks as Dollar declines

  

  Gold prices rose to a 3-week high on Thursday, July 28, after Federal Reserve Chairman Jerome Powell suggested the US central bank may slow the pace of interest rate hikes in the coming months, affecting the dollar and US Treasury yields. Spot gold rose 0.7% to $1,745.20 an ounce, its …

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• 28 July 2022 2:05 pm

  Moody’s Earnings, Revenue Miss in Q2

  

  Moody’s reported on second-quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations. Moody’s announced earnings per share of $2.22 on revenue of $1.38B. Moody’s shares are down 5% from the beginning of the year, still down 28.77% from its 52-week high of $407.94 set on November …

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