Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 27 July 2022 12:26 pm

  Oil steadies as demand concerns dispel lower US inventories

  

  Oil prices stabilized on Wednesday as data showing a larger-than-expected drop in US crude inventories dispelled concerns about weak demand. Brent crude futures recorded $104.55 a barrel, up 15 cents, or 0.1 percent. US West Texas Intermediate crude rose 27 cents, or 0.5%, to $95.25 a barrel. After Tuesday’s settlement, …

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• 27 July 2022 11:32 am

  Alphabet A Earnings, Revenue Miss in Q2

  

  Alphabet reported on Tuesday second-quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations. Alphabet A announced earnings per share of $1.21 on revenue of $69.69B. Alphabet A shares are down 27% from the beginning of the year, still down 30.70% from its 52 week high of …

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• 27 July 2022 11:05 am

  Visa A Earnings, Revenue Beat in Q3

  

  Visa reported third-quarter earnings that beat analysts’ forecasts and revenue that topped expectations on Tuesday. Visa A announced earnings per share of $1.98 on revenue of $7.28B. Analysts anticipated EPS of $1.74 on revenue of $7.06B. Visa A shares are down 25% from the beginning of the year, still down …

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• 27 July 2022 3:27 am

  Market Drivers – US Session – Tuesday, July 26

  

  a large amount of speculative interest was paying attention to US bond yields. The yield curve is the most inverted since 2000. 2-year Treasuries are yielding 3.03%, while the 10-year note yields 2.76%. An inverted curve is usually a sign of an upcoming recession. Economic Data Home purchases, in the …

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• 27 July 2022 3:10 am

  WTI Unable To Penetrate $100 Level

  

  WTI crude oil lost about 0.83% on Tuesday. The market’s sentiment shifted sour, augmenting appetite for safe-haven assets to the detriment of commodity prices as the US crude oil slides for the first time in this week. WTI traded at $95.51 per barrel following the report after settling down $1.72 …

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• 27 July 2022 2:51 am

  Gold turns below $1,720 ahead of Fed’s policy decision

  

  The Gold Index is displaying back and forth moves in a narrow range of $1,713.92-1,721.97 as investors are awaiting the announcement of the fourth consecutive interest rate decision by the Fed. The precious metal has displayed a complete volatility contraction, which indicates that now the monetary policy announcement is the …

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• 27 July 2022 1:58 am

  Cryptocurrencies witness more declines

  

  The short-lived crypto rally, according to some analysts, might have been a clever trap to tempt traders in. Bitcoin price is now redirected to the negative territory.Bitcoin price has broken the ascending trend channel, prompting a 25% profit rally since July 13. A breaking news coverage was issued on July …

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• 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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