Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 10 May 2022 10:43 pm

  Gold Continues To Deteriorate Ahead Of CPI Data

  

  The gold price continues to retreat despite some relief in the US dollar’s advance. The XAU/USD is down some 0.46% at $1,845 while the DXY is trading at 103.85 and up just 0.1%. The dollar maintained choppy performance on Tuesday, shifting between modest gains as traders do concentrate on Wednesday’s …

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• 10 May 2022 9:59 pm

  EUR/USD Trapped As Fed Speakers Set the Scene For Rate Hikes

  

  The EUR/USD pair loses 0.18% on Tuesday during the US trading session, meanwhile, Fed policymakers seem to set the scene for 50-bps increases as they also eye Wednesday’s CPI data.The Euro continues to be unable to recover above the 1.0600 threshold. The shared currency has remained trapped around 1.0500 for …

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• 10 May 2022 9:14 pm

  Fed’s Waller suggest it is time to launch rate hikes

  

  Governor Christopher Waller has made some comments while traders are looking for any clues additional to his ‘Reflections on Monetary Policy 2021’ speech from last week that can shed light and clarity on Fed’s path ahead for 2022. The US dollar was choppy on Tuesday, stuck below the 20-year highs …

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• 10 May 2022 8:17 pm

  Fed’s Mester doesn’t rule out 75 bps hike forever

  

  Cleveland Fed President Loretta Mester said on Tuesday that Fed policymakers do not downplay the likelihood of a 75 basis points rate hike forever.Key Quotes“Pace we are going right now seems about right.”“Aim is to use tools to get demand in better alignment with supply.”“But I don’t want to rule …

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• 10 May 2022 7:31 pm

  EU’s Mora Visiting Tehran For Coordinating Vienna Talks

  

  Chief of European Union Foreign Policy, Enrique Mora is visiting Tehran in order to hold meetings on nuclear talks between the US, other Western powers, Russia and Iran. Mora said he is to work on closing the remaining gaps as negotiations continue. Talks, which are aimed at returning both the …

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• 10 May 2022 5:17 pm

  Gold rises as the dollar’s rise stops

  

  Gold rose on Tuesday as the dollar stabilized, prompting some investors to buy the precious metal ahead of the release of US inflation data that may influence the Federal Reserve’s decision on interest rates. And gold rose in spot transactions 0.3 percent to $ 1859.05 an ounce (an ounce) by …

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• 10 May 2022 4:19 pm

  Macron spoke with the Prime Minister of Hungary about the Russian oil embargo

  

  French President Emmanuel Macron spoke by phone with Hungarian Prime Minister Viktor Orban about completing the European Union’s proposal to ban all Russian oil imports as part of the sixth package of sanctions targeting Russia, the French presidential palace said on Tuesday. “There are contacts at all levels to ensure …

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• 10 May 2022 2:53 pm

  Oil prices decline due to economic concerns and the rise of the dollar

  

  Oil prices fell in volatile trading on Tuesday as markets weighed the impact of European Union sanctions on Russian oil with demand concerns stemming from China’s COVID-19 lockdown measures, a strong dollar and recession fears. By 0924 GMT, Brent crude prices fell 88 cents, or 0.8 percent, to $105.06 a …

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• 10 May 2022 1:40 pm

  The Turkish lira fell to 15.16 against the dollar

  

  The Turkish lira fell another 0.4 percent against the dollar on Tuesday, extending its losses the previous day and returning to lows hit in late December after a series of interest rate cuts. The lira fell to 15.1620 per dollar by 0630 GMT from 15.09 at the close on Monday. …

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• 10 May 2022 1:10 pm

  European stocks recoup some of their losses

  

  European shares rebounded from two-month lows on Tuesday with broad-based gains backed by bargain-hunting after heavy selling on fears of slowing economic growth. By 0717 GMT, the pan-European Stoxx 600 index rose 0.9 percent, after closing on Monday at its lowest level since early March. Stock prices were hit globally …

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• 10 May 2022 12:39 pm

  Japanese stocks fall, but Wall Street’s recovery limits losses

  

  Japan’s Nikkei fell for the second day in a row on Tuesday, but avoided bigger losses as investors started buying back shares in hopes of higher prices after US stocks rebounded Monday night. The index closed down 0.58 percent to 26,167.10 points, after trimming its losses in overnight trading, supported …

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• 10 May 2022 2:44 am

  Market Drivers – US Session – Monday 9 May

  

  Risk aversion dominated financial markets at the beginning of the trading week. Global stocks edged lower, while government bond yields soared during European trading hours, giving up some ground ahead of Wall Street’s close.The negative market sentiment came from the usual suspects. High inflation levels, increasing coronavirus cases, and tensions …

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• 10 May 2022 2:23 am

  Hungary’s Orban Stalls EU Oil Embargo On Russia

  

  EU Commission chief von der Leyen’s plan to travel to see Hungary’s Orban yielded no breakthrough. The president of the European Commission has wanted Hungary to agree to stop importing Russian oil, but eventually failed to reach agreement with Hungary on Monday to secure the country’s backing for an oil …

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