Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 30 June 2022 3:26 am

  Bitcoin Dips Below $20000

  

  Bitcoin’s price entered a consolidation phase on Wednesday while its downtrend seems to have stopped after a severe shakeout to $17K. This range is likely to provide significant support, as it contains the 2017 all-time high, and it might spark a short-term rally towards the $30K region.Bitcoin price has fallen …

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• 30 June 2022 2:40 am

  Market Drivers – US Session – Wednesday, June 29

  

  The financial markets was driven by comments by key central bankers who spoke before the ECB Forum in Portugal. Fed Chair, Jerome Powell explained that there is a risk the US central bank’s interest rate hikes will slow the economy too much. Powell added that the bigger risk, however, is …

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• 30 June 2022 1:26 am

  Oil slides on rising US fuel inventories

  

  Oil prices retreated by about 2% on Wednesday amid rising US gasoline inventories and worries about slower economic growth around the world in addition to ongoing concerns about tight crude supplies. Brent futures fell $1.72, or 1.5%, to settle at $116.26 a barrel. The August contract will expire on Thursday …

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• 30 June 2022 12:34 am

  Wall Street struggles to recover

  

  The Dow Jones Industrial Average finished the day up 82.32 points, or 0.27%, to 31,029.31, while the other benchmarks closed slightly in the red. The S&P 500 slipped 0.07% to 3,818.83, and the tech-heavy Nasdaq Composite inched lower by 0.03% to 11,177.89.US equities fluctuated on Wednesday, after the major averages …

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• 29 June 2022 10:48 pm

  Powell: The pandemic forever altered the US economy

  

  It is not yet obvious whether the US economy could return to its pre-pandemic status according to Fed Chair Jerome Powell who spoke on Wednesday before central banker forum in Portugal.Powell also said he was more concerned about the risk of failing to stamp out high inflation than about the …

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• 29 June 2022 10:12 pm

  EU’s Sefcovic: EU cannot accept NI protocol being illegally scrapped

  

  EU Commission Vice President Maros Sefcovic told a news conference in Brussels, on Wednesday, that the EU cannot accept North Ireland Protocol being illegally scrapped. He has also explained that zero checks on Great Britain and Northern Ireland trade are ‘not an option’. The European Commission is willing to negotiate …

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• 29 June 2022 9:37 pm

  Fed’s Bullard writes on need to stay ahead of inflation

  

  St. Louis Fed President James Bullard said in a new essay that lessons from 1974 and 1983, when the FOMC face similar inflation levels to today’s, demand that policymakers to get ahead of the inflation level.“In particular, the takeaway is that getting ahead of inflation will keep inflation low and …

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• 29 June 2022 9:02 pm

  Euro Impacted By Lagarde’s Warning On Inflation

  

  The Euro gave back earlier gains on Wednesday after European Central Bank President Christine Lagarde said the era of ultra-low inflation that preceded the pandemic is unlikely to return.Speaking at a panel at the ECB Forum in Sintra, Portugal, alongside US Fed Chair Jerome Powell and Bank of England Governor …

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• 29 June 2022 8:10 pm

  Gold trades below $1820

  

  Gold reversed from two-day highs and is back near weekly lows as the US dollar surges after comments by key central bankers in their speeches before the ECB Forum from Portugal.Gold prices dropped sharply during the US trading session, erasing daily gains. XAU/USD peaked at $1833, the highest level in …

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• 29 June 2022 7:03 pm

  Dow Jones edges higher after Powell’s speech

  

  Wall Street trading got off to a mixed start on Wednesday as market participants digest remarks and comments by Fed Chair Jerome Powell at the European Central Bank forum.As of 1530 BST, the Dow Jones Industrial Average was up 0.42% at 31,077.05, while the S&P 500 traded 0.07% firmer at …

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• 29 June 2022 6:36 pm

  Powell: Dollar strength is disinflationary at the margins

  

  European Central Bank President Christine Lagarde, FOMC Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey speak on the policy outlook at the ECB’s annual Forum on Central Banking.Key Quotes Powell: “Dollar strength is disinflationary at the margins.”Powell: “We working hard to get smarter about the supply side.”Bailey: …

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• 29 June 2022 6:18 pm

  Lagarde: Unlikely to go back to a period of low inflation

  

  ECB President Lagarde says that the move away from globalization will end the era of low inflation. She also noted that inflation expectations are higher than before.She said the ECB can move gradually but as uncertainty fades, can be more decisive. At one point she was led towards removing the …

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• 29 June 2022 3:31 pm

  Oil prices rise for the fourth session due to fears of lack of supplies

  

  Oil prices rose on Wednesday for the fourth consecutive session after fears of a lack of supply outweighed concerns about a global economic slowdown. Brent crude futures, the benchmark for August, saw little change to $117.9 a barrel by 0917 GMT. The August contracts expire on Thursday, and the September …

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