Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 18 July 2022 11:33 pm

  Wall Street edges higher on more corporate profit reports

  

  Wall Street is ticking higher Monday to kick off a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading. The S&P 500 was 0.5% higher in afternoon trading, on pace for another gain after it …

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• 18 July 2022 10:47 pm

  Gold In Correction On Weaker USD As Fed’s July Decision Awaited

  

  Gold Price s correcting the weekly and daily impulses. The focus is on the US dollar’s performance and the future path of the Federal Reserve in response to latest inflation-linked data. The 50% mean reversion and a 38.2% Fibonacci retracement are brought into focus. At $1709 to $1711, gold price …

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• 18 July 2022 10:00 pm

  AUD/USD awaits speech by RBA’s Lowe for direction

  

  At 0.6827, AUD/USD is trading between a 0.6784 and 0.6854 range but is higher by 0.5% on the first trading day of the week in midday New York trade. However, the pair is significantly higher than the fresh bear cycle low that was printed last week which was the lowest …

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• 18 July 2022 9:10 pm

  USD/CAD retreats as sellers step in on high oil prices

  

  The USD/CAD pair slid almost 0.80% on Monday on a risk-on mood, soft US dollar, and elevated oil prices. Last week’s US inflation data, mainly core-CPI, eased worries of a Fed 100 bps rate hike, as most policymakers pushed back against it.Canada’s inflation and retail sales would shed some light, …

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• 18 July 2022 8:07 pm

  GBP/USD breaks above 1.2000 as US dollar drops further

  

  The GBP/USD pair broke above 1.1990 during the American session and jumped to 1.2033, reaching the highest level since July 8. It is hovering around 1.2010/15, up 150 pips for the day, boosted by a weaker US dollar.Generally speaking, there is a significant improvement in risk sentiment. Equity prices ended …

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• 18 July 2022 7:24 pm

  Canadian CPI Preview: Forecasts from six major banks

  

  Statistics Canada will release June Consumer Price Index (CPI) data on Wednesday, July 20 at 12:30, and forecasts by the economists from six major banks regarding the upcoming Canadian inflation data shed light on the awaited reading.The June Canada inflation rate is expected to rise by +0.9% MoM from +1.4% …

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• 18 July 2022 6:30 pm

  Bank of America Profit Falls 32%

  

  Bank of America on Monday reported mixed results for the second quarter of this year, as its profits fell as expenses related to regulatory issues rose, while revenue rose better than expected. The bank reported a 32% drop in earnings to $6.25 billion, or 73 cents a share, for the …

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• 18 July 2022 4:39 pm

  Goldman Sachs profit rises 23% to $11.86 billion, beating expectations

  

  On Monday, July 18, Goldman Sachs reported earnings and revenue that beat analyst estimates, with fixed-income traders earning nearly $700 million more than expected. Second-quarter earnings fell 48 percent to $2.79 billion, or $7.73 per share, driven by lower industry-wide banking revenue. However, the results were more than a dollar …

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• 18 July 2022 2:35 pm

  Euro is at its highest level in a week

  

  The euro rose to a one-week high on Monday, benefiting from the dollar’s decline after many Federal Reserve officials indicated that they were not in favour of an increased rate of an interest rate hike. These comments, made late last week, pulled the dollar back from its two-decade high and …

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• 18 July 2022 1:15 pm

  Gold rises with the decline of USD

  

  Gold prices rose on Monday, with the dollar falling somewhat, while investors retreated from expectations that the US Federal Reserve will raise interest rates by 100 basis points at its next meeting. And the price of gold in spot transactions increased 0.7 percent to $ 1719.49 an ounce by 0724 …

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• 18 July 2022 12:06 pm

  Oil prices jump with the decline of the dollar and the shortage of supply

  

  Oil prices extended gains on Monday, July 18, supported by a weak dollar and tight supplies, which offset fears about a recession and the possibility that widespread shutdowns in China to combat Covid-19 will again reduce demand for fuel. Brent crude futures for September delivery settled at $103.76 a barrel …

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• 18 July 2022 11:22 am

  Canada sends repaired Nord Stream turbine to Germany

  

  Russia’s Kommersant newspaper reported on Monday, citing informed sources, that Canada sent a Nord Stream gas pipeline turbine to Germany on a plane on July 17 after completing its repair. It will take another five to seven days for the turbine to reach Russia unless there are problems with logistics …

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• 18 July 2022 10:42 am

  Oil prices continue their gains supported by weak dollar and tight supplies

  

  Oil prices extended gains on Monday, buoyed by a weak dollar and tight supplies that offset fears about a recession and the possibility that widespread shutdowns in China to combat COVID-19 will again reduce demand for fuel. Brent crude futures for September delivery settled 69 cents, or 0.7 percent, at …

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