Open Demo Account

Market Analysis

May, 2022

  • 12 May 2022 11:50 am

    European markets decline as inflation rises in The US

    European Stocks

    European shares fell sharply Thursday, May 12th, as global markets digested the latest inflation reading from the United States, and this reading raised fears that there is a tendency for prices to rise significantly in the future. The pan-European Stoxx 600 Index is down 2.2% in early trading, with all …

    Read More »
  • 12 May 2022 11:08 am

    Oil falls more than 1%, affected by fears of economic recession

    Oil prices fell more than 1% on Thursday in a volatile week, as economic concerns and fears of a recession weighed negatively on global financial markets, outweighing concerns about supplies and tension in Europe. Brent crude futures fell $1.25, or 1.2 percent, to $106.26 a barrel by 0303 GMT. US …

    Read More »
  • 12 May 2022 10:03 am

    Gold rises as the dollar falls after US inflation data

    Gold resumed its rally on Wednesday after a brief decline due to the release of US inflation data, with the dollar falling after data showing a slight slowdown in US consumer price growth. Spot gold rose 0.8% to $1,852.65 an ounce, and US gold futures rose 0.7% to settle at …

    Read More »
  • 12 May 2022 3:50 am

    Market Drivers – US Session – Wednesday 11 May

    The US dollar closed with gains against most major rival currencies, although price action was choppy across the market. Economic DataThe US dollar rallied after the release of CPI data at 8.3%, higher than the estimates. The monthly figure was up 0.3% against the 0.2% expected. Finally, the annual core …

    Read More »
  • 12 May 2022 3:36 am

    WTI Settles Higher After Two-day Nosedive

    The West Texas Intermediate (WTI) for June delivery has added 1.51 US dollars to briefly touch USD 109.77 per barrel on the New York Mercantile Exchange, later in the day the American crude oil settled at USD 105.71. Oil closed with strong gains on Wednesday, reversing a prior-session selloff after …

    Read More »
  • 12 May 2022 3:11 am

    Biden Defends His Plan To Tame Hot US Inflation

    US President Joe Biden on Wednesday criticized Republicans’ plan to combat US hot inflation, taking his speech as an opportunity to slam his opposition. Biden accused his predecessor of being responsible for the balance sheet deficit increase every single year Trump was president. “Right now, the majority of our Republican …

    Read More »
  • 12 May 2022 2:54 am

    USD/JPY Higher As CPI Boosts Jumbo Hike

    The USD/JPY pair is struggling around 130.00 but is likely to accelerate as the higher than expected CPI data boosts the bets of a mega rate hike by the US central bank in June. Market estimates conceived CPI at 8.1%, lower than the former reading of 8.5%. While the print …

    Read More »
  • 12 May 2022 1:56 am

    Fed’s Bullard: Inflation Data Not Far From Expectations

    President of the Federal Reserve Bank of St. Louis, James Bullard has commented on the latest CPI data saying that he ”won’t emphasize single inflation report too much but inflation is more persistent than many have thought.”The markets are in a freefall into the closing bell on Wall Street on …

    Read More »
  • 12 May 2022 12:45 am

    Treasury Yields Rebound On Hot Inflation Data

    Treasury yields have noticeably rebounded on Wednesday after US consumer price data revealed that the pace of inflation slowed in April but has not peaked as prices rose more than economists expected and ensured the Fed will go ahead with monetary policy tightening.The yield on 10-year Treasury notes rose 3.1 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    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