Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 13 July 2022 11:15 pm

  Fed’s Barkin: Ups the case to be “resolute” on inflation

  

  Richmond Federal Reserve president Thomas Barkin told Wall Street Journal that he believes headline and core inflation is too high.“I definitely see signs of softening,” Barkin said, with the evidence “most pronounced in lower income households” and in parts of the economy that saw demand surge during the pandemic.Barkin also …

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• 13 July 2022 10:25 pm

  Gold Price rises on Wednesday above $1730

  

  Gold Price sharply bounced during the last hours and stabilized in the positive territory for the day. The precious metal, earlier, bottomed at $1,706 following US inflation data and then redounded rising by $40 within a few minutes. Gold peaked at $1,745, the highest level in three days. Volatility in …

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• 13 July 2022 9:40 pm

  Natural Gas Price Rises In Europe On Nord Stream1 Maintenance

  

  European natural gas prices surged for a second trading day as investors, market participants and traders are watching Russia’s Nord Stream 1 pipeline on maintenance, speculating when it could be completed and thereafter reopened. The pipeline was shut for planned maintenance that is scheduled to last for 10 days, but …

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• 13 July 2022 8:51 pm

  US stocks open sharply lower after CPI data

  

  Wall Street stocks dropped and short-dated Treasuries came under pressure on Wednesday after hotter than expected US inflation data fueled expectations of aggressive Federal Reserve rate hikes.US stocks opened sharply lower after the Consumer Price Index reading in June showed inflation surged in June more than expected, with the annual …

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• 13 July 2022 7:58 pm

  USD/JPY retreats after hitting a fresh 24-year high

  

  The USD/JPY pair jumped after the release of the US June CPI to 137.86, reaching a fresh 24-year high. After the beginning of the US trading session pulled back to 137.10. As of writing, it is moving back to the 137.50 area.Inflation keeps rising, so does the US dollar. Inflation …

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• 13 July 2022 7:17 pm

  BOC’s Macklem: A soft landing is achievable

  

  Following the Bank of Canada’s (BOC) decision to hike the policy rate by 100 basis points to 2.5% in July, Governor Tiff Macklem is delivering his remarks on the policy outlook and responding to questions from the press.Meanwhile, Senior Deputy Governor Carolyn Rogers argued that part of restoring the balance …

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• 13 July 2022 5:15 pm

  Turkish unemployment rate fell to 10.9% in May

  

  Data on Wednesday showed that Turkey’s unemployment rate fell 0.3 percentage point on a monthly basis in May, while the seasonally adjusted disguised unemployment rose 0.8 percentage point to 22.4 percent. Disguised unemployment was declining for most of the past year, after it peaked at 29.6 percent in January 2021 …

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• 13 July 2022 4:30 pm

  Euro hovers above parity against USD Ahead of US inflation data

  

  The euro hovered above parity with the US dollar on Wednesday as traders focused on US data due later on Wednesday that is expected to show inflation at a 40-year high. European stocks witnessed a decline and the currency markets were calm in early European trading, with the dollar index …

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• 13 July 2022 3:15 pm

  Eurozone Industrial Production rises 0.8% MoM in May, beats estimates

  

  Eurozone’s Industrial Production increased more than expected in May, the official data published by Eurostat showed on Wednesday, suggesting a gradual upturn in the bloc’s manufacturing sector activity. The industrial output in the old continent arrived at 0.8% MoM vs. a 0.3% rise expected and 0.5% last. On an annualized …

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• 13 July 2022 2:33 pm

  European stocks fall ahead of US inflation data

  

  European shares fell on Wednesday as investors awaited US inflation data expected to reach its highest level in 40 years, which supports a large interest rate hike and may push the euro to parity with the dollar. The pan-European Stoxx 600 index fell 0.8 percent after closing higher in a …

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• 13 July 2022 1:27 pm

  IEA says oil market walking tightrope due to supply risks

  

  The International Energy Agency said on Wednesday that the global oil market was walking a “tightrope” between a supply shortage and a possible economic recession, with demand already affected by higher prices and deteriorating economic conditions. Rarely has the outlook for oil markets been more uncertain. A worsening macroeconomic outlook …

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• 13 July 2022 1:08 pm

  China’s June exports grow at fastest rate in 5 months

  

  China’s exports grew at the fastest rate in 5 months in June, exceeding analysts’ expectations, confirming that China, the world’s second largest economy, is slowly recovering from the effects of the restrictions it imposed to contain the Corona virus pandemic. But imports grew at a slower rate that did not …

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• 13 July 2022 12:17 pm

  Turkey’s inflationary pressures would continue due to domestic, global factors

  

  Turkish unemployment data was released this morning, and the number of unemployed people in Turkey reached 3 million 785 thousand people, and the unemployment rate reached 10.9%. According to the data announced by TUIK today, the number of official unemployed people across the country decreased by 56 thousand in May …

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