Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 20 May 2022 1:26 pm

  Gold is on its way to its first rise in 5 weeks as the dollar’s strength declines

  

  Gold prices rose on Friday, on track for their first weekly gain since mid-April, as the dollar’s retreat from two-decade highs and mounting concerns about US economic growth revived demand for safe-haven bullion. And gold rose in spot transactions 0.2 percent to $ 1845.71 an ounce by 0556 GMT. US …

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• 20 May 2022 12:34 pm

  Japan’s Nikkei closes higher amid buying in lower stocks

  

  Japanese shares closed higher on Friday, recovering from a nearly 2 percent drop in the previous session, as investors snapped up falling stocks on hopes of corporate earnings growth. The Nikkei index ended trading up 1.27 percent at 2,6739.03, and recorded a weekly gain of 1.18 percent. The broader Topix …

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• 20 May 2022 6:24 am

  Market Drivers – US Session – Thursday 19 May

  

  The US dollar changed course on Thursday despite prevalent risk-aversion and fell across the board. Fears and concerns burnt around inflationary pressures and the probable slowdown of the global economic growth. Demand for safe havens continued, with government bonds appreciating and yields retreating.Gold neared $1,950 a troy ounce, now trading …

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• 20 May 2022 2:54 am

  Investors Pay Close Attention To WTI-Brent Spread

  

  Brent has been the more expensive crude blend since 2013 thanks to its status as the global oil benchmark and a better indicator of global oil prices.This week, WTI price crossed Brent to trade at $115.4/bbl versus 115.2/bbl. This is a remarkable development according to most observers. The average investor …

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• 20 May 2022 1:59 am

  Bitcoin Preview Looks Bleak As T-Yields, Yen Signal US Recession

  

  Investors looking for clues on whether bitcoin’s recovery is long-lasting may need to read between the lines to look at what traditional markets are saying. On Wednesday, Goldman Sachs CEO David Solomon told CNBC that investors should prepare to face a contraction in economic activity in the world’s largest economy …

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• 20 May 2022 1:03 am

  Gold Wavers Around $1,840 As Risk-off Impacts DXY

  

  Gold price is forming a Bullish Flag pattern that shouts further upside. Risk-off impulse has underpinned the bright metal despite the DXY. The lack of economic catalysts this week advocated risk sentiment to dictate the gold prices.Gold price is consolidating below $1,850.00 in a minor range of $1,840.02-1,844.08 in the …

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• 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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