Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 27 May 2022 7:48 pm

  Wells Fargo: US momentum in consumer spending continued into Q2

  

  Data released on Friday has showed that US Personal Spending surged in April by 0.9%, above expectations. Wells Fargo’s analysts point out that for the first time since October 2021 income outpaced inflation. Analysts also forecast consumer spending will downshift over the next quarters. Key Quotes: “Personal income rose 0.4% …

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• 27 May 2022 7:19 pm

  WTI poised to end strong trading week around $114

  

  WTI crude oil has stabilized just below monthly highs near the $114 level, as bulls eye further catalysts towards $120. Familiar themes of strong US demand, EU/Russia oil sanctions, OPEC+ output struggles and easing Chinese lockdowns are supporting prices.The EU’s plans to sanction Russian oil imports have also been in …

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• 27 May 2022 5:40 pm

  Oil heads for weekly gains amid global supply concerns

  

  Oil prices fell on Friday, but they are on track to achieve weekly gains, supported by expectations of reduced supplies due to increased gasoline consumption in the United States during the summer, as well as the possibility of a European Union ban on Russian oil imports. By 1104 GMT, Brent …

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• 27 May 2022 4:13 pm

  Russian official: Europe suffers from the effects of sanctions against Moscow

  

  Deputy Chairman of the Russian Security Council Dmitry Medvedev stressed today that it is difficult for Russia to live under the conditions created by foreign sanctions against Moscow, noting that Europe is also suffering from the consequences of these decisions. Medvedev said – during his statements at a conference of …

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• 27 May 2022 2:48 pm

  The dollar is heading for the largest weekly decline in nearly 4 months

  

  The dollar is heading for its biggest weekly decline in nearly four months after traders cut their expectations for a US interest rate hike amid indications that the Federal Reserve may slow or halt the monetary tightening cycle in the second half of the year. The dollar index, which measures …

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• 27 May 2022 2:16 pm

  Nikkei closes higher after falling for three sessions as Wall Street rises

  

  Japan’s Nikkei ended three straight sessions of losses on Friday, tracking Wall Street’s overnight rally, although gains were limited as investors began selling shares as the index approached the sentimentally significant 27,000 point level. The Nikkei index rose 0.66 percent to close at 2,6781.68 points, and closed up by 0.16 …

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• 27 May 2022 1:29 pm

  European shares open higher

  

  European shares rose in early trade on Friday, eyeing gains for the third consecutive session as sentiment rose after expectations that central banks would tighten their policies more than they indicated. The pan-European Stoxx 600 index rose 0.3 percent by 0714 GMT, influenced by a rally on Wall Street in …

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• 27 May 2022 12:41 pm

  Gold is heading for weekly gains with the dollar’s decline

  

  Gold prices rose on Friday, with continued dollar weakness, which helped move the yellow metal towards recording its second consecutive weekly rise, as expectations of a stronger monetary policy tightening from the Federal Reserve ebbed. Spot gold rose 0.2 percent to $1,854.05 an ounce by 0325 GMT. US gold futures …

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• 27 May 2022 3:49 am

  Market Drivers – US Session – Thurs. 26 May 2022

  

  The US dollar attempted to modestly recover early on Thursday but closed the day with losses against most major rivals. Lukewarm US economic data and rallying equities helped particularly safe-haven rival currencies.US Treasury yields slightly changed on Thursday after the benchmark 10-year note hit a fresh six-week low, with inflation …

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• 27 May 2022 2:46 am

  US Treasury yields settle on slower growth expectations

  

  US Treasury yields slightly changed on Thursday after the benchmark 10-year note hit a fresh six-week low, with inflation concerns that continue to dissipate amid economic data and corporate results that point to slower economic growth.The yields on 10-year Treasury notes surge 0.9 basis points to 2.756% after falling to …

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• 27 May 2022 2:08 am

  China’s Lockdown Spending Boosts Alibaba’s Earnings

  

  Alibaba stock soars after earnings beat, signs of improving conditions amid another COVID-19 wave. Alibaba Group Holding Ltd.’s U.S.-listed shares climbed 14.8% in Thursday trading to record second best single-day performance after the Chinese giant beat revenue and earnings expectations for the latest quarter.E-commerce giant Alibaba Group Holding reported a …

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• 27 May 2022 1:18 am

  Gap shares drop as amid confusing retail earnings

  

  Gap dramatically slashed its profit outlook for 2022. Gap, on Thursday, slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell around 13% after hours, after closing the day up 4%.Gap swung …

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• 27 May 2022 12:27 am

  AUD/USD Surges by 0.70%

  

  The AUD/USD has remained positive in the week, up by 0.70%. China’s Premier Li Keqiang warned that the economy could not achieve its goals, weighing on the AUD/USD.During the Asian session, China’s Premier Li Keqiang sound the alarm about the slowing economy. He made comments to local officials in an …

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