Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 1 July 2022 12:19 pm

  Japan’s Nikkei closes at its lowest level in two weeks

  

  Japan’s Nikkei fell for a third consecutive session on Friday to close at its lowest level in nearly two weeks, tracking Wall Street’s losses overnight, as investors worried about the economic slowdown in the world’s largest economy. The Nikkei fell 1.73% to 25,935.62 points, its lowest closing level since June …

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• 1 July 2022 3:09 am

  Market Drivers – US Session – Thursday, July 1, 2022

  

  The US Dollar Index extended above 105.000 but sharply retreated together with the Japanese Yen regrouping as yields dropped. The dollar rally remains largely intact, given accelerating concerns about a global recession, although data on Thursday was not positive and did very little to ease concerns about the US economy’s …

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• 1 July 2022 2:48 am

  Gold Hovers Around $1800 Ahead Of US ISM PMI Data

  

  Gold trades at $1820 per ounce, but the price is likely to retreat below $1,800.00 as a reaction to traders and markets’ bet on a 75 bps rate hike by the Fed in July’s FOMC meeting.The Gold Index is establishing below $1,810.00 after facing a steep fall while attempting a …

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• 1 July 2022 1:10 am

  ISM Manufacturing PMI Preview:

  

  US ISM Manufacturing PMI is expected to indicate slower growth in June. The inflation component is critical and low expectations may lead to an upside surprise. The US ISM Manufacturing Purchasing Managers’ Index (PMI) provides an understanding of the jobs-related data. PMI reading on Friday, July 1, is expected to …

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• 1 July 2022 12:17 am

  Will SEC Rejection of ETF Impact Bitcoin Price?

  

  Bitcoin price predictions have become a hot topic of discussion among crypto traders today after the US Securities and Exchange Commission’s plan for a BTC spot exchange traded fund (ETF).Grayscale sought to transform its Bitcoin Trust into an ETF for Bitcoin before the SEC rejected its application. According to the …

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June, 2022

• 30 June 2022 11:27 pm

  Could ECB’s Latest Measures Impact Euro’s Performance?

  

  June has generally been a chaotic month for the Euro, trading in ranges around and north of +/-4% versus its major counterparts. At first, it was the June European Central Bank policy meeting that startled investors into thinking a Eurozone debt crisis redux could be looming.The Euro has reversed its …

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• 30 June 2022 10:39 pm

  Commodity Traders Eying New Swiss Regulations

  

  Switzerland is planning to set up more regulation and scrutiny for commodity traders to get more info as well as intelligence about this sector that is flourishing every single day.The move comes in line with the West tries to monitor Russia’s commercial ties and impose sanctions aiming to punish Moscow’s …

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• 30 June 2022 9:44 pm

  GBP/USD climbs on softer US dollar

  

  The British pound recovered from two-week lows and is advancing just above 1.2150, after sliding below the 1.2000 mark, for the first time since mid-June, when the GBP/USD collapsed towards 1.1933 YTD lows. At 1.2176, the GBP/USD records solid gains, as the year’s first half is near to end.Worries about …

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• 30 June 2022 9:00 pm

  Canadian dollar steadies despite GDP dip

  

  The Canadian dollar was little changed against its US counterpart on Thursday but was on track for a steep quarterly decline, as equity markets globally fell and preliminary domestic data showed the economy contracting in May.Stocks sank and the safe-haven US dollar surged against a basket of major currencies, as …

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• 30 June 2022 8:14 pm

  Gold under pressure near $1800

  

  On an obviously volatile session, gold reaffirms bearish bias. Gold falls sharply even as US yields move lower.The Gold Index is testing $1805, below attention would turn to the YTD low at $1785. Gold is back below 1810$, under pressure and looking vulnerable to the downside. The price hit earlier …

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• 30 June 2022 7:48 pm

  Labour Shortages Cost Canadian Businesses A Lot

  

  The lack of skilled workers costs Canada’s economy tens of billions of dollars every year. The current labour shortage has very negative impact on most Canadian companies. A recent survey by the Business Council of Canada indicates that more than 66% of companies have had to adjust timelines for projects …

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• 30 June 2022 7:02 pm

  Oil Falls On OPEC+ Output Hike Decision

  

  Following its meeting on Thursday, OPEC+ announced on Thursday that it will stick to its plan of increasing oil output by 648,000 barrels per day (bpd) in August, as reported by Reuters. The group refrained from discussing the output strategy from September. Meanwhile, Russian Deputy Prime Minister Alexander Novak said …

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• 30 June 2022 5:43 pm

  Weekly Initial Jobless Claims decline to 231K

  

  There were 231,000 initial jobless claims in the week ending June 25, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 233,000 (revised from 229,000) and came in slightly higher than the market expectation of 228,000.

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