Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 12 May 2022 12:16 am

  Biden’s Statement On Consumer Price Index In April

  

  The White House’s website published a statement by US President Joe Biden, commenting on the CPI data released earlier on Wednesday. On Tuesday, in a proactive manner, Biden gave a speech on the US economic outlook, blaming high inflation on COVID-19 pandemic disruptions to the economy as well as the …

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• 11 May 2022 11:19 pm

  GBP/USD Retreats On Risk Sentiment

  

  The GBP/USD pair is on the backfoot as US session risk sentiment deteriorates. Cable is down some 0.3% around 1.2272 and is extending from a high of 1.2400 to a low of 1.2263. The US dollar has moved sharply off its lows, turning positive again for the day as markets …

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• 11 May 2022 10:54 pm

  Gold Edge Higher After CPI Data

  

  The gold price is some 0.8% higher and correcting from daily support located in the lows of the day at $1,832.07. At $1,853.40, gold is close to the day’s highs of $1,858.30. The markets are still focusing on Wednesday’s US inflation data as the Consumer Price Index was released earlier …

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• 11 May 2022 9:39 pm

  US Inflation Triggers Risk Aversion, EUR/USD Impacted

  

  US inflation eased by less than expected in April, with an 8.3% YoY reading. The latest US data dragged Wall Street futures reflecting the market’s fears. The EUR/USD pair has resumed its decline and approaches the year low at 1.0470.The EUR/USD pair fell sharply and trades around 1.0520 following the …

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• 11 May 2022 8:40 pm

  US Shares Surge After CPI Data

  

  The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed USinflation slowed on a year-on-year basis last month, giving investors some hope that price surges are peaking.US stock futures initially lost ground after core inflation, excluding items such as oil prices …

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• 11 May 2022 8:15 pm

  CPI Data Proves Fed Has A Long Battle Against Inflation

  

  The key report of the week was released on Wednesday. The annual inflation rate in the US dropped in April to 8.3% from the March 8.5% reading (41-year high). The increase was larger than expected. Analysts at Wells Fargo point out April’s CPI data served as a reminder that the …

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• 11 May 2022 7:45 pm

  Will Disney’s Earnings Help Restore Wall Street’s Trust?

  

  The US entertainment giant reports after the closing bell Wednesday as streaming, theme parks and the stock price come into focus. The Walt Disney Co. reports its fiscal second-quarter earnings after the closing bell on Wednesday, closing out what has been an unusually turbulent earnings season for the entertainment industry.Disney …

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• 11 May 2022 7:14 pm

  Could Commodities Return To Normal?

  

  Hot inflation pressures from excessive US fiscal and monetary policy responses to the 2020 COVID crisis supported commodity markets early in Q1. Moreover, Ukraine and Russia, together, represent a veritable commodity superstore, providing critical commodities to the world.Roll yields became positive across the commodity complex for the first time in …

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• 11 May 2022 4:34 pm

  US annual CPI inflation falls to 8.3% in April versus 8.1% expected

  

  The annual pace of headline inflation in the US according to the Consumer Price Index (CPI) fell to 8.3% in April from 8.5% in March, according to the latest release from the Bureau of Labour Statistics on Wednesday. That was above the expected decline to 8.1% YoY. The MoM pace …

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• 11 May 2022 3:01 pm

  FED Preview: Forecasts From 4 Major Banks

  

  The US Bureau of Labor Statistics will release the April Consumer Price Index (CPI) data on Wednesday, May 11 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming US inflation print. …

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• 11 May 2022 1:56 pm

  Oil prices rise as Russian oil embargo approaches

  

  Oil prices rose on Wednesday after falling nearly 10 percent in the previous two sessions, buoyed by supply concerns, as the European Union works to rally support for a Russian oil embargo and as Russian gas supplies to Europe halted through a major transit point in Ukraine. The European Union …

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• 11 May 2022 1:30 pm

  European shares extend gains

  

  European shares rose on Wednesday, extending gains after hitting a two-month low this week, as investors awaited US consumer price data for indications of rising inflation. The pan-European Stoxx 600 index rose 0.4 percent by 0715 GMT, and the real estate sector was at the forefront of the emerging sectors …

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• 11 May 2022 12:47 pm

  Japan’s Nikkei rises ahead of US inflation data

  

  Japan’s Nikkei index rose at the close on Wednesday as investors flocked to stocks of companies with strong expectations, but gains were limited as US inflation data was awaited later in the day. The Nikkei rose 0.18 percent to close at 26,213.64 points, after declining earlier in the session. Investors …

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