Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 26 July 2022 2:05 pm

  Gold rises slightly in narrow-range transactions ahead of Fed

  

  Gold prices rose somewhat on Tuesday and swung within a narrow range during the day as the dollar weakened, while investors avoided big bets ahead of an expected hike in US interest rates. And the gold price rose 0.5 percent in spot transactions to $1,726.83 an ounce by 0725 GMT. …

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• 26 July 2022 11:34 am

  Dollar falls for the third consecutive session

  The US dollar fell against a basket of major currencies on Monday as investors weighed the effects of an increase in interest rates from the Federal Reserve on an economy that may be on the brink of recession. The US central bank is expected to raise interest rates by 75 …

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• 26 July 2022 10:34 am

  Oil continues to rise for a second day amid fears of tight supplies

  

  Oil prices rose on Tuesday for the second day in a row amid growing fears of tight European supplies after Russia, a major oil and natural gas supplier to the region, cut gas supplies through a major pipeline. Brent crude futures for September rose $1.51, or 1.4 percent, to $106.66 …

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• 26 July 2022 3:33 am

  Market Drivers – US Session – Monday, July 25

  

  This week’s trading started amid lower risk appetite although the better performance of US equities has weighed on the US dollar since the European session. The lack of news was perfectly good news for high-yielding currencies. The GBP/USD pair trades at around 1.2050, while AUD/USD nears July high at 0.6977. …

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• 26 July 2022 2:42 am

  Whirlpool’s Earnings Beat Expectations

  

  Shares of Whirlpool rose 2% after the home appliance company beat on profit estimates in its second quarter. Whirlpool reported earnings of $5.97 per share, beating consensus estimates of $5.24 per share.The company’s net loss margin of (7.3)% and GAAP loss per diluted share of $(6.62) was a result of …

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• 26 July 2022 1:51 am

  Embracing Google Pay Means Faster Payments In Crypto Space

  

  Crypto.com announced that Google Pay is eventually been added as a payment method on its application for faster and more secure payments. Since the announcement of suspension of Netflix and Spotify benefits on its Visa card, the platform was criticized on social media. Users can now make faster, more efficient …

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• 26 July 2022 12:57 am

  S&P 500 ends US session flat as investors eye FOMC, earnings

  

  The S&P 500 seesawed on Monday and ended close to unchanged as investors girded for an expected rate hike at Fed’s meeting, this week and earnings from several large-cap growth companies.The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major S&P sectors. The energy sector …

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• 26 July 2022 12:07 am

  EUR/USD consolidates ahead of Fed’s decision

  

  The EUR/USD pair holds within the familiar ranges ahead of the most awaited event this week, namely the FOMC meeting whereas the IFO German business sentiment is at its lowest level in more than two years.At 1.0223, the EUR/USD pair is alternating with the beginning of the week ahead of …

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• 25 July 2022 10:51 pm

  WTI advances towards $96.50 ahead of API-report, Fed meeting

  

  WTI crude oil snaps three successive days of losses and rises despite US data showing the US economy is slowing down.A US recession-linked concerns and subsequent China’s Covid-19 lockdowns do sharply weigh on WTI price direction. WTI crude rose 1.40% on Monday as US equities gain, portraying an upbeat market …

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• 25 July 2022 10:01 pm

  US equities surge in a big earnings week

  

  The Dow Jones Index surged on Monday as investors braced for a Fed meeting during the week and earnings from some of the biggest companies to measure the impact of the stronger dollar and soaring inflation, while the Nasdaq slipped as technology firms fell.The Dow Jones Industrial Average (.DJI) was …

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• 25 July 2022 9:33 pm

  OPEC+ 2.84 Million Bpd Below Oil Output Target

  

  The OPEC+ group had a huge deficit of 2.84 million barrels per day (bpd) in June between actual output and the target oil output level as part of the deal, so, the gap between nameplate output per the agreement and actual output continues to widen. OPEC+ pumped more than 2.5 …

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• 25 July 2022 8:49 pm

  AUD/USD climbs on soft US data

  

  The AUD/USD advances towards solid resistance around the 0.6970-90 area. Weak US economic activity and manufacturing data reported on Monday increase the chances of a US recession.The AUD/USD climbs during the North American session but faces solid resistance around the 50-day EMA around 0.6971, amidst an upbeat market mood, with …

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• 25 July 2022 8:07 pm

  Gold drops toward $1710 as market sentiment deteriorates

  

  Gold turns negative as market sentiment deteriorates. The Gold Index slides below $1720, rejected again from above $1730. Meanwhile, the US Dollar recovers momentum, erases losses.Gold prices failed to hold to gains on Monday, hit after Gazprom’s announcement that will slow flows on the Nord Stream 1 pipeline, triggering a …

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