Open Demo Account

Market Analysis

July, 2022

  • 7 July 2022 1:07 pm

    UK PM Johnson will reportedly announce his resignation

    Several news outlets reported on Thursday that British Prime Minister Borish Johnson is expected to announce his resignation. According to the BBC Johnson is set to make a statement within hours. The PM will reportedly stay on as the leader of the Conservative Party until a new leader is chosen …

    Read More »
  • 7 July 2022 1:05 pm

    European shares rise, supported by energy companies and chip makers

    European Stocks

    European shares rose on Thursday, boosted by oil companies and chip makers that were supported by strong preliminary results announced by the Korean Samsung, while investors awaited the European Central Bank meeting statement for indications of a rate hike. The pan-European STOXX 600 index rose 0.8% by 0718 GMT, after …

    Read More »
  • 7 July 2022 1:04 pm

    Japan shares close higher as technology shares rebound

    Japanese stocks closed higher on Thursday, July 7, as investors continued to seek to benefit from a decline in technology stocks, with sentiment boosted by the gains made by Wall Street overnight. The Nikkei index rose 1.47% to close at 26,490.53 points, and the broader Topix index rose 1.42% to …

    Read More »
  • 7 July 2022 10:42 am

    Less-than-expected rise in German industrial production in May

    German industrial production rose less-than-expected in May, official data showed on Thursday, as supply chain problems stemming from the war in Ukraine and COVID-19-related shutdowns in China made it difficult to process orders. The Federal Statistics Office said industrial output rose 0.2 percent month-on-month, after an upwardly revised 1.3 percent …

    Read More »
  • 7 July 2022 3:39 am

    Market Drivers – US Session – Wednesday, July 6

    The head of the International Monetary Fund on Wednesday said the outlook for the global economy had darkened significantly since April and she could not rule out a possible global recession next year given the elevated risks.Recession-linked fears are still accelerating and leading the way across all financial markets and …

    Read More »
  • 7 July 2022 3:28 am

    USD/CAD retreats as oil recovers

    The USD/CAD pair remains pressured around 1.3030, extending the previous day’s pullback from the highest levels since late 2020, as traders pare USD gains amid a quiet Asian session on Thursday. It is worth noting that the bounce in the prices of Canada’s main export item, WTI crude oil also …

    Read More »
  • 7 July 2022 3:21 am

    This week’s NFP Data Act As Real Test For Dollar’s Performance

    While the calendar’s second half of the year started last Friday, on the first of July, it will practically begin in the financial markets with the upcoming US jobs data scheduled to be released this Friday. Non Farm Payroll data will be very useful to gauge where the USD currently …

    Read More »
  • 7 July 2022 3:12 am

    Goldman Sachs’ First Bitcoin Activity Signals A Big Move

    Goldman Sachs reportedly opened first BTC futures and options position. Invalidation of the bearish downtrend is a break and close above $21,868.Bitcoin price shows technical reasons to believe in one more decline. Goldman Sachs’ entrance into the crypto market is a strong indication of a big move to come.Bitcoin price …

    Read More »
  • 7 July 2022 2:47 am

    Oil retreats 2% on global recession-linked fears

    WTI continued to slide on Wednesday on recession fears. Analysts said oil prices dropped due to recession fears; citing numerous reasons, including the unwinding of the oil trade as inflation hedge, a stronger US dollar, hedge funds reacting to negative oil price momentum, producer hedging, and new mobility restriction concerns …

    Read More »
  • 7 July 2022 1:48 am

    FOMC Minutes Explained

    Following data showing consumer prices running at an 8.6% 12-month rate and inflation expectations rising, the rate-setting Federal Open Market Committee chose the most tightening path.Fed Officials indicated a series of increases that would take the funds rate to 3.4% this year, above the longer-run neutral rate of 2.5%. Futures …

    Read More »
  • 7 July 2022 12:34 am

    Boris Johnson sacks Michael Gove

    Michael Gove, one of the most senior ministers in the British government, earlier told Prime Minister Boris Johnson he must quit. As a consequence, the PM has firmed him as he seeks to reshuffle out those that oppose his leadership from within his cabinet. Resignations began on Tuesday after Downing …

    Read More »
  • 6 July 2022 11:36 pm

    IMF’s Georgieva: global economic outlook has ‘darkened significantly’

    The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had darkened significantly since April and she could not rule out a possible global recession next year given the elevated risks.IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming …

    Read More »
  • 6 July 2022 10:13 pm

    FOMC Minutes: Even more restrictive policy is possible in time

    FOMC minutes

    The Federal Open Market Committee released its hawkish minutes of the June policy meeting. Markets have nearly fully priced in another 75-basis points rate hike in July with which the minutes align. Investors are paying close attention to discussions around the September rate decision. The US dollar is little changed …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends