Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 13 May 2022 12:53 pm

  Nikkei records its best daily performance since the end of March

  

  The Japanese Nikkei index recorded the highest increase in more than a month and a half as investors flocked to cheap stocks, with SoftBank Group leading the gains. The Nikkei jumped 2.64 percent to close at 2,6427.65, the highest daily increase since March 23, recovering from a decline to a …

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• 13 May 2022 11:56 am

  The Turkish lira depreciates for the seventh consecutive session

  

  The Turkish lira fell for the seventh consecutive session against the dollar on Friday, bringing its losses to nearly five percent since last Wednesday, and heading towards its record lows last December. The lira fell to 15.4675 against the US currency and settled at 15.4410 per dollar at 0707 GMT. …

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• 13 May 2022 9:30 am

  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 4:46 am

  Market Drivers – US Session – Thursday 12 May

  

  The US dollar index surged on the back of prevalent risk aversion. Panic selloff hit US equities and a broad crash impacted most cryptocurrencies, meanwhile massive quantitative tightening signals attracted the attention of traders, investors and market participants. Monetary policymakers recurrently hint at measures set to trench liquidity.Economic Data There …

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• 13 May 2022 4:03 am

  Michigan Consumer Sentiment Index May Preview

  

  Consumer sentiment data are not normally trading events on most calendars, however, under the current feverish markets, almost any unexpected result will generate a reaction. If the Michigan Index is worse than expected it will spark fears of consumer led recession prompting further equity declines and the US dollar’s status …

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• 13 May 2022 3:45 am

  Huge Crash Wipes Out Bitcoin, Other Cryptocurrencies

  

  Over $200 billion erased from the cryptocurrencies’ market in one day as selloff has intensified. The price of bitcoin plunged below $26,000 on Thursday, hitting the lowest level in 16 months.The price of bitcoin plunged as low as $25,401.29 on Thursday. That marks the first time the cryptocurrency has sunk …

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• 13 May 2022 3:22 am

  Oil Exhibits Mixed Performance Amid Tight Supplies

  

  On Thursday, crude oil prices exhibited mixed performance as supply fears as well as geopolitical tensions in Europe got the upper hand over the economic data related fears across financial markets as inflation is soaring globally.Trading has been thin and nobody knows what’s going to move the needle,” said John …

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• 13 May 2022 2:28 am

  Fed’s Powell vows to fix inflation

  

  The Federal Reserve Chair Jerome Powell said on Thursday that the US central bank’s battle to tame inflationary pressures would “include some pain” as the impact of higher interest rates is being felt, but that the worse outcome would be for prices to continue speeding ahead.”“We went through periods in …

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• 13 May 2022 1:51 am

  Natural Gas Soars In Europe After Russian Measures

  

  Russian sanctions on Poland’s key pipeline are expected to limit Europe’s ability to import Russian natural gas if Ukrainian pipes go down. The Russian measures are also expected to put additional pressure on US natural gas producers as Russia is intended to cut Off Supplies to Europe.As Europe races to …

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• 13 May 2022 12:28 am

  Fed’s Daly: 50 bps vs.75 bps debate not a primary consideration

  

  President of San Francisco Fed, Mary C. Daly stated that there is no reason to justify altering the course for 50 bps at the next two FOMC meetings, adding that the debate between 50 bps-75 bps is not a primary consideration. Daly reiterated that she still wants to reach a …

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• 12 May 2022 11:39 pm

  Bank of Mexico hikes interest rate by 50bps to 7%

  

  The Bank of Mexico sets the benchmark interest rate at 7%, although Reuters reports that the board was not unanimous on rate decision with one member of the board voting to hike rates to 7.25%.Preliminary information suggests that economic activity rebounded during the first quarter of 2022. Given the growing …

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• 12 May 2022 10:45 pm

  Gold Retreats On Stronger USD

  

  Gold price is losing 1.60% on Thursday, falling from a high of $1,858.87 to a fresh cycle low of $1,822.27. The US dollar is bid and climbed to fresh two-decade highs on Thursday as investors flock to the safe-haven currency in the face of surging inflation.Wednesday’s data bolstered market’s expectations …

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• 12 May 2022 9:08 pm

  Yellen concerned about Treasury market functioning

  

  US Treasury Secretary Janet Yellen mentioned on Thursday that the Financial Stability Oversight Council (FSOC) is concerned about the functioning of the Treasury market. While Yellen testifies, stocks erased gains printing fresh YTD lows and the dollar strengthened. The DXY is at multi-year highs above 104.70. The 10-year US yield …

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