Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 14 May 2022 2:35 am

  Market Drivers – US Session – Friday 13 May

  

  On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …

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• 14 May 2022 1:40 am

  US Shares Close Wild Week Higher

  

  Wall Street surged on Friday to close higher after a week’s wild market rotations. The surging US equities received a push from relief signs denoting that peaking inflation vied with concerns that policy tightening by the Fed could slope the US economy into unwanted recession.Equity gains were led by a …

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• 14 May 2022 12:42 am

  Expert: BoE’s aggregate rate policy could hit 4%

  

  The Bank of England will possibly need to hike interest rates more sharply than financial markets expect in order to get tame soaring inflation according to a former policymaker.The BoE’s Monetary Policy Committee raised its key interest rate four times since December to 1%, it is so the highest aggregate …

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• 13 May 2022 11:34 pm

  Fed’s Mester: FOMC On Track For Aggressive Rate Hikes

  

  Loretta Mester is a voting member of the Federal Open Market Committee this year. Mester said, on Friday, that the Fed needs to practice pressure ahead with aggressive rate hikes, and that by early fall, this year, the US central bank perhaps could be able to eventually decide whether its …

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• 13 May 2022 10:39 pm

  Russian Ruble Best Gainer In 2022

  

  The Russian currency has reportedly made large gains in spite of the sanctions imposed on Moscow by the United States and Washington’s allies.The US and EU attempted to cripple the Russian economy, but the value of the ruble is heading up. After two months of imposing state-crushing sanctions, the ruble …

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• 13 May 2022 9:44 pm

  Gold Price Still Under Pressure Near $1800

  

  Gold retreated to the $1,799 level on Friday, the lowest since February 2022. Recovery followed later to find resistance shortly at $1,820. US shares are sharply rising on Friday, on a recovery rally. Crude oil prices also hit gains. US yields settled and the US dollar is correcting lower. Usually, …

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• 13 May 2022 8:46 pm

  EUR/USD surges above 1.0400 from multi-year lows as equities soar

  

  The EUR/USD pair has rebounded from the lowest intraday level since 2017 and reversed direction upwards above 1.0400 late on Friday amid a prevalent improvement or risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Recovery in equity …

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• 13 May 2022 7:49 pm

  Wells Fargo: US Consumer Sentiment hit from everywhere

  

  Data released on Friday show that University of Michigan’s Consumer Sentiment Index dipped to 59.1 in May from 65.2 in April, this is the lowest reading since 2011. According to analysts at Wells Fargo, there is no shortage of factors to blame for the decline in consumer sentiment, from inflation …

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• 13 May 2022 7:03 pm

  WTI rallies for third session near $109.00

  

  Oil prices surge for a third straight session on Friday, with front-month WTI future last trading higher by close to $3.0 in the mid-$109.00s per barrel, more than $11 higher than mid-week lows in the $98.00s. The rally on Friday was partially spurred by a rebound in global equity markets …

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• 13 May 2022 6:13 pm

  US: UoM Consumer Sentiment Index falls to 59.1 in May

  

  The preliminary estimate of the University of Michigan’s (UoM) Consumer Sentiment Index for May fell to 59.1 versus an expected fall 64.0 from 65.2 in April, its lowest since August 2011, data released on Friday showed. UoM’s Consumer Expectations Index fell to 56.3 from 63.0 in April, larger than the …

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• 13 May 2022 5:27 pm

  Elon Musk: Twitter takeover ‘temporarily on hold’

  

  Elon Musk has insisted that he is ‘still committed’ to his $44 billion acquisition of Twitter after throwing the deal into chaos by tweeting that it was ‘temporarily on hold’. Musk’s surprise tweets early Friday sent Twitter stock plunging in the pre-market, as analysts speculated that Musk is trying to …

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• 13 May 2022 4:03 pm

  Oil rises, but fears of weak demand cap gains

  

  Oil prices continued to rise on Friday, but were heading for their first weekly loss in three weeks, as concerns about inflation and slowing global growth due to the closures in China to combat the pandemic outweighed the impact of concerns about dwindling fuel supplies from Russia. Brent crude futures …

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• 13 May 2022 1:54 pm

  European shares rise at the end of a volatile week

  

  European shares rose in early trading on Friday to settle at the end of a volatile week dominated by concerns about sharp inflation and tightening monetary policy. The pan-European STOXX 600 index rose 0.7% by 0710 GMT, with banking, oil, gas and technology shares leading the morning gains. Trading in …

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