Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 17 June 2022 7:36 pm

  Fed Monetary Policy Report: GDP on track to rise in Q2

  

  In its semi-annual Monetary Policy Report, the US Federal Reserve said that the Gross Domestic Product (GDP) appears to be on track to rise moderately in the second quarter, as for the market’s reaction, the dollar preserves its strength ahead of the weekend and the US Dollar Index was last …

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• 17 June 2022 4:50 pm

  Putin says EU has lost ‘political sovereignty’

  

  Russian President Vladimir Putin said Friday that the European Union has lost its “political sovereignty”, in a belligerent speech at Russia’s annual economic forum. Putin criticized the union’s economic policies such as “money printing” to tackle rising inflation. Putin also attacked the West for blaming it personally for its economic …

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• 17 June 2022 4:17 pm

  Yen falls 1.9% after Bank of Japan sticks to easing policies, franc rises again

  

  The Japanese yen fell 1.9% on Friday after the Bank of Japan bucked a wave of monetary tightening and stuck to an ultra-low interest rate, while currency markets looked poised for another choppy session after a series of rate hikes this week. The surprise decision of the Swiss National Bank …

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• 17 June 2022 2:59 pm

  European shares rise at the end of a turbulent week

  

  European shares rose on Friday but headed for sharp weekly losses after a series of interest rate increases from major central banks fueled fears of a sharp economic slowdown. The pan-European Stoxx 600 index rose 0.8 percent in volatile trading, but it is still heading for a weekly decline of …

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• 17 June 2022 2:20 pm

  Oil rises due to tight supplies, but it is on its way to a weekly decline

  

  Oil prices rose on Friday, supported by tight supplies and new sanctions on Iran, but prices are on track for a weekly decline after major central banks raised interest rates, which raised fears of a sharp economic slowdown. Brent crude rose 62 cents, or 0.5 percent, to $ 120.43 a …

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• 17 June 2022 1:09 pm

  Gold prices are declining and heading to record the largest weekly loss in a month

  

  The price of gold fell on Friday, due to the impact of the rise in the dollar and US Treasury bond yields on the demand for the precious metal priced in the US currency, and prices are heading for the largest weekly decline since mid-May. And gold fell in spot …

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• 17 June 2022 12:36 pm

  The Nikkei index suffers its biggest weekly loss in two years after the Bank of Japan’s decision

  

  Japan’s Nikkei on Friday posted its biggest weekly drop in more than two years, tracking Wall Street’s decline, even as the Bank of Japan kept massive stimulus. The Nikkei index closed down 1.77 percent at 25,963 points, its lowest closing level since May 12, after falling by 2.7 percent earlier …

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• 17 June 2022 4:02 am

  Market Drivers – US Session – Thursday, June 16

  

  Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.Monetary policy decisions by major central banks round the globe triggered some sort of panic and risk aversion, …

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• 17 June 2022 2:43 am

  Could Biden Invoke Defense Production Act To Raise Fuel Production?

  

  US President Joe Biden may use the Cold-War era “Defense Production Act” To stimulate fuel production. Several US news reports have said that Biden is open to using all possible cards and reasonable tools the federal government has to increase fuel production and lower fuel prices for Americans, including the …

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• 17 June 2022 1:57 am

  Is US economy heading to imminent recession?

  

  The GDPNow tracker shows that economic growth in the spring was flat at 0%, a steep decline from its previous estimate of 1.3% on June 1 and 0.9% on June 8. President Joe Biden said a recession is “not inevitable” and he is confident the United States can overcome inflation. …

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• 17 June 2022 1:03 am

  Yield Curve Inversion Is Back, Why Does It Matter?

  

  Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.The yield on three-year US treasury has shot up to 3.45 per cent since Wednesday, from 0.96 per …

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• 17 June 2022 12:49 am

  GBP/USD rallies post-BoE’s hike, on weaker US dollar

  

  The Bank of England hiked 25 bps and initially tumbled the pound, though later rallied due to a weaker US dollar. The BoE decided not to give any forward guidance regarding the pace and time of monetary policy adjustments.Negative US housing data fueled speculations that the US might be heading …

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• 16 June 2022 11:41 pm

  How Low Could Bitcoin and Ethereum Prices Go?

  

  After the prices of bitcoin, ethereum, and other cryptocurrencies saw big drops this week, several experts say it could get even worse amid a broader investor sell-off of risky assets. The price of bitcoin fell more than 30% over the last week to just under $21,000, and Ethereum followed a …

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