Open Demo Account

Market Analysis

May, 2022

  • 4 May 2022 1:23 pm

    Oil jumps 3% as the European Union announces plans to ban Russian crude

    Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, announced plans to phase out Russian oil imports, offsetting fears of declining demand from China, the world’s largest oil importer. By 0746 GMT, Brent crude futures rose $2.94 a barrel, or 2.8 percent, to $107.91 a …

    Read More »
  • 4 May 2022 1:20 pm

    Gold falls with an imminent rates hike

    Gold prices fell on Wednesday, with the increase in the yield on US Treasury bonds and an imminent hike in the interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1% to $865.31 an ounce by 00:40 GMT. US gold futures fell 0.2% to …

    Read More »
  • 4 May 2022 11:56 am

    The European Union proposes a gradual embargo on Russian oil in the sixth round of sanctions against Russia

    The European Union proposes a gradual embargo on Russian oil in the sixth round of sanctions against Russia The European Commission imposed new sanctions on the Kremlin on Wednesday, including the gradual cancellation of Russian crude imports for a period of six months to be updated…

    Read More »
  • 4 May 2022 10:42 am

    Lyft better-than-expected first-quarter revenue of $876 million

    lyft Inc stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs. A full recovery of driver supply from pandemic lows was taking …

    Read More »
  • 4 May 2022 10:20 am

    Oil rises 1% after US crude stocks signal tighter supply

    Oil prices rose in early Asian trade on Wednesday after industrial data showed a decline in US crude and fuel stocks, which raised supply concerns. The price hike comes on the back of Tuesday’s news that the European Union is preparing to impose new sanctions on Russia over its invasion …

    Read More »
  • 4 May 2022 9:54 am

    Gold is falling with an imminent hike in the US interest rate

    Gold prices fell on Wednesday with the increase in the yield on US Treasury bonds and an imminent hike in the US interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1 percent to $865.31 an ounce by 0040 GMT. US gold futures fell …

    Read More »
  • 4 May 2022 2:48 am

    Market Drivers – US Session – Tuesday 3 May

    Financial markets were in a better mood on Tuesday, with global indexes managing to post gains, resulting in less demand for the safe-haven dollar.Hot inflation, tensions in Europe amid the Russian war on Ukraine and a rising number of coronavirus contagions, not only in China, anticipate a long road ahead …

    Read More »
  • 4 May 2022 2:26 am

    FOMC Considers Aggressive Measures As Investors Await Rate Decision

    The investors’ major focus point on Wednesday will be on the decision and press conference by the two-day Fed’s policy meeting, as financial markets expect the US central bank to press ahead with a rate hike and formally announce the launch of a much-anticipated balance sheet reduction.The Federal Open Market …

    Read More »
  • 4 May 2022 2:01 am

    AUD/USD bulls await Fed’s decision

    The AUD/USD pair stuck to a sideways drift on Tuesday following an initial spike on the back of a hawkish Reserve Bank of Australia. AUD/USD traded between 0.7150 highs and a low of 0.7080 in New York. The RBA surprises everyone with a 25bp move. Analysts at ANZ Bank explained, …

    Read More »
  • 4 May 2022 1:53 am

    RBNZ: financial system can support national economy.

    The Reserve Bank of New Zealand released its May 2022 Financial Stability Report. Reuters posted key notes from the reports follows:The New Zealand financial system remains well placed to support the economy.House prices remain above sustainable levels despite recent declines.Rising global interest rates have put downward pressure on the prices …

    Read More »
  • 4 May 2022 12:03 am

    EUR/USD consolidates in choppy conditions ahead of the Fed

    The EUR/USD pair is regaining some territory into the Wall Street close as the greenback continues to be faded, unable to break higher as traders start to move to the sidelines ahead of the Federal Reserve. In contrast to the expectations the Fed, however, the European Central Bank’s tightening expectations …

    Read More »
  • 3 May 2022 11:54 pm

    Banks, Megacaps drive Wall Street as Fed decision looms

    Wall Street’s main indexes rose on Tuesday, as investors picked up shares of financials and beaten-down Megacap companies, while staying cautious about the Federal Reserve’s ability to tame inflation without impeding growth.Nine of the 11 major S&P 500 sectors rose, with energy (.SPNY) and financials (.SPSY) up 2.7% and 1.7%, …

    Read More »
  • 3 May 2022 11:34 pm

    US Stocks Waver Ahead of Fed Meeting

    US stock indexes wobbled as investors geared up for the Federal Reserve’s policy decision this week and evaluated a batch of earnings.The S&P 500 was recently up 0.2%, a day after a late rally lifted stocks on Monday. The technology-focused Nasdaq Composite lost 0.2% while the Dow Jones Industrial Average …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends