Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 20 July 2022 1:47 pm

  US oil inventories rose by 1.9 million barrels

  

  The American Petroleum Institute said that crude oil inventories rose by 1.9 million barrels in the week ending on the fifteenth of July. The weekly report of the American Institute revealed that gasoline stocks rose by 1.3 million barrels last week, while distillate stocks decreased by 2.2 million barrels. The …

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• 20 July 2022 12:37 pm

  Japan’s Nikkei hits 6-week peak

  

  Japanese stocks extended gains on Tuesday, albeit with modest performance, as investors refrained from any big moves ahead of the Bank of Japan’s monetary policy meeting, despite diminishing expectations for a large interest rate cut in the US central bank. The Nikkei index started its trading, up 0.8 percent, to …

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• 20 July 2022 11:57 am

  Gold falls on interest rate hike fears, bond yields rise

  

  Gold fell on Wednesday as fears of monetary policy tightening and an increase in Treasury yields dispelled relief from the dollar’s decline. By 0610 GMT, gold fell in spot transactions 0.3 percent to $1,706.85 an ounce. US gold futures fell 0.3 percent to $1,706 an ounce. The dollar fell for …

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• 20 July 2022 11:14 am

  Putin: Gazprom is ready to fulfill its gas export obligations

  

  Russian President Vladimir Putin said on Tuesday that the Kremlin-controlled energy giant Gazprom was ready to fulfill its commitments on gas exports. Speaking to reporters after his visit to Tehran, Putin also said that Gazprom was not responsible for reducing gas transportation capacity, including the closure of one of the …

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• 20 July 2022 10:33 am

  UK annualized inflation accelerates by 9.4% in June

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at 9.4% in June when compared to 9.1% seen in May while beating estimates of a 9.3% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) eased …

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• 20 July 2022 4:09 am

  Market Drivers – US Session – Tuesday, July 19

  

  The EUR/USD pair soared to 1.0268 on headlines suggesting the European Central Bank could discuss a 50 bps rate hike when it meets this week. Economic DataThe data published by the US Census Bureau revealed on Tuesday that Housing Starts declined by 2% to a seasonally adjusted annual rate of …

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• 20 July 2022 3:58 am

  Johnson & Johnson stock knocked by stronger dollar

  

  Johnson & Johnson topped Q2 earnings expectations on Tuesday, but the company stock toppled on its trimmed profit outlook. On today’s stock market, JNJ stock rose fell 1.5% to 171.69, according to observers this could be attributed to the overall strength of the US dollar during Q2. The best performance …

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• 20 July 2022 3:07 am

  Lockheed Martin misses Q2 expectations

  

  Lockheed Martin missed on sales and earnings this week as sales are sinking and profit margins are headed for their worst performance since 2017. Lockheed’s major complaints for the second quarter include supply chain impact as well as the timing of customer contracts, but its problems look in fact so …

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• 20 July 2022 2:07 am

  GBP/USD recaptures psychological resistance

  

  Amid a positive market mood, the GBP/USD pair has managed to scales above 1.2000 after a mild correction. Investors focus now on UK Inflation, lower earnings and higher inflation rates may create more problems for the households in the UK.Declining inflation expectations in the US may hurt the Dollar Index …

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• 20 July 2022 1:18 am

  US Crude oil inventory poised to rise above expectations

  

  Ahead of US official government data scheduled release on Wednesday, the privately surveyed oil stock data has been released:Crude +1.860M vs. +1.4M barrels expected. Gasoline +1.290M vs. +0.1M bbls expected.Distillate -2.153M vs +1.2M expected. Cushing +0.523M.WTI crude for August delivery closed up US$1.62 to US$104.22 per barrel a day prior …

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• 20 July 2022 1:06 am

  WTI reclaims $104.00 on positive market sentiment

  

  WTI crude oil is advancing during the week and is erasing last week’s losses, gaining almost 7%. Crude also benefits from the increased the appetite for more energy which remained below $100 for three successive days.WTI rallied sharply on Tuesday, almost 2% amidst an upbeat market mood, despite Monday’s Apple …

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• 20 July 2022 12:17 am

  US equities rally as investors digest earnings

  

  US equities are sharply surging on Tuesday as investors digest another batch of corporate results and earnings. The S&P 500 index gained 2.5%, while the Dow Jones Industrial Average jumped 675 points, or roughly 2.2%. The tech-heavy Nasdaq Composite climbed 2.8%.Johnson & Johnson reported earnings for the period that beat …

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• 19 July 2022 11:05 pm

  Gold moves with a temporary bullish bias

  

  Gold price leans bullish with time frame continuity in the favour of the bulls as XAUUSD inches higher within a bullish correction of the recent leg of supply from $1,750 that took out the $1,700 level last week. In general, a pullback in the US dollar continues to support the …

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