Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 17 June 2022 1:03 am

  Yield Curve Inversion Is Back, Why Does It Matter?

  

  Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.The yield on three-year US treasury has shot up to 3.45 per cent since Wednesday, from 0.96 per …

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• 17 June 2022 12:49 am

  GBP/USD rallies post-BoE’s hike, on weaker US dollar

  

  The Bank of England hiked 25 bps and initially tumbled the pound, though later rallied due to a weaker US dollar. The BoE decided not to give any forward guidance regarding the pace and time of monetary policy adjustments.Negative US housing data fueled speculations that the US might be heading …

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• 16 June 2022 11:41 pm

  How Low Could Bitcoin and Ethereum Prices Go?

  

  After the prices of bitcoin, ethereum, and other cryptocurrencies saw big drops this week, several experts say it could get even worse amid a broader investor sell-off of risky assets. The price of bitcoin fell more than 30% over the last week to just under $21,000, and Ethereum followed a …

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• 16 June 2022 11:02 pm

  BoJ Could Likely Maintain The Same Dovish Stance

  

  The Bank of Japan will announce its monetary policy decision on Friday, June 17 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ could most likely remain the same dovish stance by …

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• 16 June 2022 10:13 pm

  Russian Novak: No plans to switch to oil-for-rubles scheme

  

  “There is no need for Russia to cut its oil output,” Russian Deputy Prime Minister Alexander Novak told RBC media on Thursday.“OPEC+ role is on the rise due to uncertainties with demand and supply in China, Iran, Libya and Venezuela,” Novak added. “We don’t have plans to switch to an …

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• 16 June 2022 9:19 pm

  Italy’s Draghi: ECB hikes bound to be more gradual than in US

  

  “The European Central Bank’s (ECB) decision to hike the interest rate is inevitable”, Italian Prime Minister Mario Draghi said on Thursday.“ECB interest rise is bound to be more gradual than in the US,” Draghi added and said that it was totally counterproductive for politicians to comment on the ECB’s policy.As …

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• 16 June 2022 8:29 pm

  BoE Expected To Pause After One More Hike In August

  

  The Bank of England announced on Thursday a new increase in the interest rate. It raised the key rate by 25 basis points to 1.25%, with three members voting for a 50 bps hike. Analysts from Rabobank expect one more 25 bps hike in August, before the Monetary Policy Committee …

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• 16 June 2022 7:35 pm

  Gold price jumps toward $1850 on risk aversion

  

  Gold rises to the highest level in four days, eyes $1850 and silver erases losses, approaching Wednesday’s high near $21.90.US yields slide as demand for Treasuries picks up amid risk aversion. Gold gained momentum boosted by a context of risk aversion and a weaker US dollar. XAU/USD rose from under …

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• 16 June 2022 6:00 pm

  USD rising to new highs

  

  After the US unemployment data today recorded negative results compared to what analysts expected, recording a decrease of 3000 last week, the market risk appetite was affected. Risk appetite increased on the US dollar during today’s trading after the Federal Reserve’s interest statement yesterday, which announced the US Central Bank …

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• 16 June 2022 4:28 pm

  Oil falls after US interest rate hike

  

  Oil prices pared earlier gains and fell on Thursday, after a day of sharp declines caused by US interest rate hikes, but the attention was still focused on the supply shortage. Brent crude futures fell 45 cents, or 0.4 percent, to $118.06 a barrel, while West Texas Intermediate crude futures …

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• 16 June 2022 3:16 pm

  BoE hikes interest rates by 25 bps to 1.25%

  

  The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation. The nine-member Monetary Policy Committee (MPC) voted 6-3 for the 25 bps hike in the bank rate to 1.25%, with the minority – Catherine Mann, Jonathan …

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• 16 June 2022 1:58 pm

  European shares slip as recovery fades after US rate hike

  

  European shares fell on Thursday after the US Federal Reserve’s decision to raise interest rates bolstered fears of a possible recession at a time when global economies are facing soaring inflation. The pan-European Stoxx 600 index was down 0.4 percent by 0710 GMT, although European stock futures recovered overnight after …

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• 16 June 2022 1:39 pm

  Nikkei halts a 4-session decline

  

  The Japanese Nikkei index halted a four-session losing streak on Thursday, boosted by a rally in US stocks last night after the Federal Reserve raised interest rates by 75 basis points, as expected. But the bleak outlook for the global economy amid continued risks related to the sharp tightening of …

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