Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 26 July 2022 9:29 pm

  Wells Fargo: US Recent loss of momentum doesn’t bode well for consumption

  

  Conference Board’s consumer confidence indicators dropped in July for the third consecutive month. According to analysts at Wells Fargo, point out high inflation, rising interest rates and volatile financial markets weighed on consumer confidence. Key Quotes: “Most data in the July confidence report moved in the wrong direction. While lower …

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• 26 July 2022 8:37 pm

  EUR/USD looks weak, drops to multi-day lows near 1.0100

  

  Sellers returned to the Euro and dragged EUR/USD to multi-session lows in the vicinity of 1.0100 on Tuesday. The EUR/USD rapidly abandoned the area around 1.0250 to retreated nearly 15 cents after EU countries decided to reduce the gas consumption in the next winter, all following the decision by Russian …

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• 26 July 2022 7:43 pm

  Status of grain exports from Ukraine still doubtful

  

  Russia and Ukraine signed two separate agreements in Istanbul to resume exports of wheat and other grain from Ukrainian ports. The said agreements were still doubtful just one day after they were signed because of a Russian missile attack on the port of Odessa.Wheat price on fell by almost 6% …

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• 26 July 2022 7:03 pm

  US New Home Sales Fall Below Expectations

  

  Home purchases, in the United States, dropped 8.1% in June to an annualized 590,000 rate. The number of homes sold awaiting start is at the highest level since January 2022.Sales of new US homes fell for the fifth time this year in June to a more than two-year low. There …

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• 26 July 2022 5:42 pm

  McDonald’s Earnings Beat, Revenue Misses In Q2

  

  McDonald’s reported on Tuesday second-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. McDonald’s announced earnings per share of $2.55 on revenue of $5.72B. McDonald’s shares are up 5% from the beginning of the year, still down 7.66% from its 52-week high of $271.15 set on …

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• 26 July 2022 4:13 pm

  Kremlin: Hope to install Nord Stream 1 turbine “sooner rather than later”

  

  Kremlin spokesman Dmitry Peskov said on Tuesday that the gas turbine in Russia’s Nord Stream 1 pipeline had not yet arrived from Canada, where it is undergoing maintenance. Still, Moscow hopes it will be installed “sooner rather than later”. The European Union has repeatedly accused Russia of resorting to energy …

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• 26 July 2022 2:58 pm

  The path of US interest and Russian gas cuts dominate the currency market

  Despite the markets absorbing the US interest rate hike this week, increasing uncertainty about its future path kept the dollar price below its recently reached 20-year high on Tuesday. In contrast, the recent Russian gas supply cuts kept the euro under great pressure. Later on Tuesday, the Federal Reserve begins …

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• 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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