Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 27 July 2022 1:32 am

  Microsoft profits miss expectations

  

  Microsoft shares fell 1% in extended trading on Tuesday after the software maker reported fiscal fourth-quarter results that failed to reach Wall Street consensus.Microsoft’s revenue and income fell short, as did the company’s revenue from Azure and other cloud services. Changing exchange rates and challenges in advertising and the PC …

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• 27 July 2022 12:35 am

  Alphabet Earnings Below Expectations

  

  Shares of Alphabet were higher in late trading Tuesday after the Google parent reported earnings that were only slightly worse than expectations and Alphabet shares have lost about a quarter of their value this year.Advertising revenue increased just 12% to $56.3 billion, as marketers reeled in their spending to manage …

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• 26 July 2022 11:34 pm

  Nasdaq Retreats 2%, Indexes Drop After Walmart Profit Warning

  

  US stocks were sharply lower on Tuesday afternoon, with Nasdaq down more than 2%, as a profit warning by Walmart dragged down retail shares and fueled fears about consumer spending.Walmart shares had fallen 8% after the retailer cut its full-year profit forecast late on Monday. Walmart blamed surging prices for …

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• 26 July 2022 11:01 pm

  ECB’s de Cos: Eurozone inflation outlook intensified

  

  The European Central Bank’s Pablo Hernández de Cos said that there are risks to the Eurozone inflation outlook that remain on the upside and have intensified, ‘particularly in short term’.de Cos has stated that the risks include lasting deterioration of the economy in the Eurozone, and persistently high energy and …

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• 26 July 2022 10:37 pm

  Walmart In News Headlines Because Of Inflation, Q2 Results

  

  US shoppers buy less than they normally used to. This is because prices have risen by double-digit percentages. Walmart warned that big-ticket items are still unsold. Walmart headed to news headlines for a couple of reasons.Firstly; Walmart warned investors that its profits are expected retreat because rising prices are forcing …

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• 26 July 2022 9:29 pm

  Wells Fargo: US Recent loss of momentum doesn’t bode well for consumption

  

  Conference Board’s consumer confidence indicators dropped in July for the third consecutive month. According to analysts at Wells Fargo, point out high inflation, rising interest rates and volatile financial markets weighed on consumer confidence. Key Quotes: “Most data in the July confidence report moved in the wrong direction. While lower …

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• 26 July 2022 8:37 pm

  EUR/USD looks weak, drops to multi-day lows near 1.0100

  

  Sellers returned to the Euro and dragged EUR/USD to multi-session lows in the vicinity of 1.0100 on Tuesday. The EUR/USD rapidly abandoned the area around 1.0250 to retreated nearly 15 cents after EU countries decided to reduce the gas consumption in the next winter, all following the decision by Russian …

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• 26 July 2022 7:43 pm

  Status of grain exports from Ukraine still doubtful

  

  Russia and Ukraine signed two separate agreements in Istanbul to resume exports of wheat and other grain from Ukrainian ports. The said agreements were still doubtful just one day after they were signed because of a Russian missile attack on the port of Odessa.Wheat price on fell by almost 6% …

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• 26 July 2022 7:03 pm

  US New Home Sales Fall Below Expectations

  

  Home purchases, in the United States, dropped 8.1% in June to an annualized 590,000 rate. The number of homes sold awaiting start is at the highest level since January 2022.Sales of new US homes fell for the fifth time this year in June to a more than two-year low. There …

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• 26 July 2022 5:42 pm

  McDonald’s Earnings Beat, Revenue Misses In Q2

  

  McDonald’s reported on Tuesday second-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. McDonald’s announced earnings per share of $2.55 on revenue of $5.72B. McDonald’s shares are up 5% from the beginning of the year, still down 7.66% from its 52-week high of $271.15 set on …

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• 26 July 2022 4:13 pm

  Kremlin: Hope to install Nord Stream 1 turbine “sooner rather than later”

  

  Kremlin spokesman Dmitry Peskov said on Tuesday that the gas turbine in Russia’s Nord Stream 1 pipeline had not yet arrived from Canada, where it is undergoing maintenance. Still, Moscow hopes it will be installed “sooner rather than later”. The European Union has repeatedly accused Russia of resorting to energy …

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• 26 July 2022 2:58 pm

  The path of US interest and Russian gas cuts dominate the currency market

  Despite the markets absorbing the US interest rate hike this week, increasing uncertainty about its future path kept the dollar price below its recently reached 20-year high on Tuesday. In contrast, the recent Russian gas supply cuts kept the euro under great pressure. Later on Tuesday, the Federal Reserve begins …

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• 26 July 2022 2:05 pm

  Gold rises slightly in narrow-range transactions ahead of Fed

  

  Gold prices rose somewhat on Tuesday and swung within a narrow range during the day as the dollar weakened, while investors avoided big bets ahead of an expected hike in US interest rates. And the gold price rose 0.5 percent in spot transactions to $1,726.83 an ounce by 0725 GMT. …

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