Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 18 May 2022 2:21 pm

  The dollar rises after Powell confirms expectations of tightening monetary policy

  

  The dollar rose on Wednesday, a day after it suffered its biggest loss in more than two months after US Federal Reserve Chairman Jerome Powell emphasized tighter monetary policy as the US central bank sought to contain rising inflation. Powell pledged that the central bank would raise interest rates as …

  Read More »
• 18 May 2022 1:31 pm

  Eurozone final inflation rises 0.6% MoM in April

  

  Eurozone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU’s statistics agency said today, lowering its estimate from a preliminary 7.5%. Inflation has soared over the past year, first on post-Covid supply bottlenecks and latterly on knock-on effects from Russia’s …

  Read More »
• 18 May 2022 12:41 pm

  Nikkei closes at a two-week high after retail sales data boosted Wall Street

  

  Japan’s Nikkei hit a two-week closing high on Wednesday and major tech stocks led the way after US stocks closed significantly higher overnight on strong retail sales data. The Nikkei index closed up 0.94 percent at 26,911.20 points, after briefly exceeding the 27,000 points level, its highest closing level since …

  Read More »
• 18 May 2022 4:12 am

  Market Drivers – US Session – 17 May

  

  US stocks rose on Tuesday, as Citigroup led a surge in bank shares after Berkshire Hathaway revealed strong retail sales in April to ease some concerns about slowing US economic growth. Ten of the 11 major S&P sectors advanced, with financials and technology up 2% each.Economic DataUS retail sales increased …

  Read More »
• 18 May 2022 3:55 am

  Crude Oil Falls 2% On Powell’s Comments, Prospected Supply

  

  After hitting seven-week highs, crude oil prices fell after Fed Chair Jerome Powell warned the US economy could be hurt by attempts to reduce inflation. Crude oil prices also retreated 2% on Tuesday as the United States decided to ease restrictions on Venezuela, the news has raised hopes that the …

  Read More »
• 18 May 2022 2:35 am

  Will cryptocurrencies rebound after price crash?

  

  With cryptocurrencies, the future is and will remain uncertain. The one factor that stirs hope to crypto traders and investors is that big players are starting to join the trading game.On Wall Street, JPMorgan Chase, Morgan Stanley and Goldman Sachs are just some examples that employ dedicated cryptocurrency teams. In …

  Read More »
• 18 May 2022 1:36 am

  Euro, bond yields surged on comments by ECB official

  

  The euro rallied on Tuesday, helped by a rise in government bond yields as well as comments from a European Central Bank policymaker in which he said a half percentage point interest rate hike is possible.Klaas Knot told a Dutch television program said he favors a quarter-point rate hike, but …

  Read More »
• 18 May 2022 1:09 am

  US Dollar Further Declines As Sentiment Improves

  

  The US dollar edged lower across the board as the American currency extended the bearish corrective decline that began on Monday. Positive US data has helped the case for a better market sentiment, with global indexes closing in the green.The underlying concerns remain the same. Tensions between Europe and Russia …

  Read More »
• 18 May 2022 12:02 am

  ECB’s Lagarde allows chief central bankers louder voice on policy

  

  ECB President Christine Lagarde has allowed national central bank chiefs a bigger say in policy meetings, asking her board members to speak less and set aside more time for debate.Lagarde has told chief economist Philip Lane and board member Isabel Schnabel to limit their presentations and leave more space for …

  Read More »
• 17 May 2022 11:40 pm

  Gold Price Reacts to Powell’s hawkish comments

  

  Gold goes offered on a hawkish Powell as the US dollar rallies. The US dollar has popped out of a 15-min wedge formation to the upside. The US Dollar Index was down 0.82% at 103.33, a touch away from the low of 103.226 ahead of the Powell event. On hawkish …

  Read More »
• 17 May 2022 11:29 pm

  Risk assets return into positive territories on Powell’s Comments

  

  Federal Reserve Chair Jerome Powell said on Tuesday that US central bank officials will keep tightening policy until inflation comes down in “a convincing way.”“There have been some promising signs you can point to,” Powell said at a Wall Street Journal conference. But, he added, “There are some signs that …

  Read More »
• 17 May 2022 10:34 pm

  Fed’s Powell: ‘Keep tightening’ policy until inflation declines

  

  The US dollar is crumbling, this week as investors survey the landscape of the global economy, not just in the US. The dollar has fallen victim to improved risk sentiment, helping the likes of the euro that has been extending its rebound from a five-year low touched last week, and …

  Read More »
• 17 May 2022 9:36 pm

  Euro Benefits From Risk Appetite Ahead of Powell’s Speech

  

  The euro is higher versus the US dollar by 1.13% rallying on wider risk-on from 1.0428 to a high of 1.0555. The euro has extended the rebound from a five-year low touched last week while the US dollar is down against its major trading partners.The euro benefited at the start …

  Read More »