Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 15 June 2022 7:17 pm

  US shares pare losses post-US Retail sales ahead of FOMC’s decision

  

  US stocks are climbing ahead of the Federal Reserve monetary policy decisions, expected to hike 75 bps. The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones.US equities recovered some ground after a string of five days of losses and are gaining between 1.05% and …

  Read More »
• 15 June 2022 5:45 pm

  US Retail Sales fall by 0.3% MoM in May

  

  Retail Sales in the US fell by 0.3% MoM in May, versus expectations for a 0.2% rise and following a 0.7% MoM gain in April (revised down from 0.9%), data released by the US Census Bureau on Wednesday showed. Meanwhile, Core Retail Sales rose by 0.5% MoM, below the expected …

  Read More »
• 15 June 2022 5:43 pm

  Oil prices fall as the expected hiking in US

  

  Oil prices fell on Wednesday amid concerns about fuel demand and global economic growth ahead of an expected big hike in interest rates by the Federal Reserve. Brent crude futures fell $1.27, or 1 percent, to $119.90 a barrel by 1001 GMT. The price of US West Texas Intermediate crude …

  Read More »
• 15 June 2022 5:41 pm

  Gold rises as dollar decline ahead of the Fed decision

  

  Gold prices rose more than 1% on Wednesday, supported by a weak dollar, as investors braced for a possible sharp interest rate hike by the Federal Reserve. Spot gold rose 1.2 percent to $1,829.99 an ounce by 1225 GMT, while US gold futures rose 1.1 percent to $1,832.70. The dollar …

  Read More »
• 15 June 2022 5:05 pm

  US Retail Sales Drop Sharply, USD Waiting for Fed’s Decision

  

  Nothing is more important than the Fed’s decision today, and it is usual these days for the markets to prevail in a calm state before the decision. Still, there were many moves today, so the US retail and export statistics data may contribute to market volatility. The monthly core retail …

  Read More »
• 15 June 2022 2:51 pm

  The euro jumps due to an emergency meeting of the ECB

  

  The euro jumped after the European Central Bank’s governing council said it would hold an emergency meeting on Wednesday, June 15 to discuss the recent massive sell-off in government bond markets, briefly distracting traders ahead of the upcoming US Federal Reserve meeting. The single European currency rose by as much …

  Read More »
• 15 June 2022 2:04 pm

  Europe Stocks Gain as ECB Holds Emergency Meeting

  

  European shares rebounded in early trading on Wednesday after a European Central Bank spokesman said that the rate-setting board of governors would hold a meeting that was not on the agenda to discuss the recent sell-off in government bond markets. An index of euro zone shares advanced 1.3 percent by …

  Read More »
• 15 June 2022 1:14 pm

  Bitcoin drops to its lowest level in 18 months

  

  Bitcoin slumped on Wednesday to an 18-month low, dragging smaller cryptocurrencies with it, as the recent slide in cryptocurrency markets showed no sign of stopping. Bitcoin fell 6.3% to $2,0715.69, its lowest since December 2020. Bitcoin has lost about 28 percent of its value since Friday, and more than half …

  Read More »
• 15 June 2022 12:32 pm

  Nikkei closes at its lowest level in a month

  

  The Japanese Nikkei index closed at its lowest level in more than a month on Wednesday, extending losses for the fourth consecutive session, as investors await the Federal Reserve’s decisions later on Wednesday, which may witness a greater tendency to tighten monetary policy. The Nikkei closed down 1.14 percent at …

  Read More »
• 15 June 2022 3:22 am

  Market Drivers – US Session – Tuesday, June 14

  

  The American dollar kept advancing on Tuesday, and retains its strength early Wednesday, as fear rules financial markets ahead of the US Federal Reserve policy decision.Market players had long ago anticipated a 50 bps hike, but on Monday, market talks suggested the central bank may go for a steeper hike …

  Read More »
• 15 June 2022 3:11 am

  White House Adviser: Focus is on bringing down costs and Federal deficit

  

  “US economy is in a transition,” said White House Economic Adviser Brian Deese during an interview with CNN on Tuesday.The policymaker also signaled the WH’s aim to ease the price pressure and the Federal deficit during the interview.Such comments from the key diplomat ahead of the FOMC decision, up for …

  Read More »
• 15 June 2022 2:34 am

  Ahead Of FOMC Decision, Biden: Tackling Worst Inflation Top Priority

  

  Speaking to supporters in Philadelphia, US President Joe Biden reassured Americans that tackling the worst inflation the nation has seen in decades remains a top priority for him and his administration. The speech comes oner day before the Fed could raise interest rates as much as three-quarters of a percentage …

  Read More »
• 15 June 2022 1:28 am

  Fitch affirms Canada’s ratings at ‘AA+’ with stable economic outlook

  

  Global rating giant Fitch affirmed Canada’s Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDR) at ‘AA+’ with a Stable Rating Outlook.Following the news, the USD/CAD retreated from a monthly high surrounding 1.2975, also probing the five-day uptrend, at 1.2955 by the press time.Fitch expects firm Canadian economic growth of 3.8% …

  Read More »