Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 14 July 2022 3:00 pm

  Japan’s industrial production index fell in May

  

  Japan’s industrial production index fell to 88.0 last May, down 7.5% month-on-month, according to a report released by the Ministry of Economy, Trade and Industry on Thursday. This figure was lower than investors’ expectations, indicating that Japan’s production fell 3.1% compared to last year. In addition, Japan’s inventory ratio rose …

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• 14 July 2022 2:16 pm

  Dollar continues to rise and pushes the euro and yen to the lowest levels in decades

  The dollar continued to rise on Thursday, reaching levels not reached in 24 years against the yen and close to parity with the euro, amid speculation by traders that the Federal Reserve will raise interest rates to combat inflation. Global economic turmoil pushed the dollar’s price to rise sharply as …

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• 14 July 2022 1:14 pm

  Gold falls as dollar and bond yields rise

  

  Gold prices fell 1% on Thursday, after US Treasury yields and the dollar rose, with expectations for gold already damped by fears that the US Federal Reserve will resort to a larger interest rate hike this month to tackle rising inflation. Spot gold fell 1% to $1,718.69 an ounce by …

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• 14 July 2022 12:36 pm

  European shares fall, Italy shares fall on political fears

  

  European shares fell on Thursday, affected by increased expectations that the Federal Reserve will raise interest rates again after a sharp rise in the inflation rate in the United States, while the main index in Italy fell 1% as the risk of a government collapse increased. The pan-European Stoxx 600 …

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• 14 July 2022 11:19 am

  Oil falls as focus remains on inflation fears

  

  Oil prices fell on Thursday as investors doubled down on bets that the US central bank would raise interest rates, which would control inflation and curb oil demand. Brent crude futures for September were down 20 cents, or 0.2 percent, at $99.37 a barrel by 0010 GMT, having gained nine …

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• 14 July 2022 10:41 am

  IEA says oil market walking tightrope due to supply risks

  

  The International Energy Agency said on Wednesday that the global oil market was walking a “tightrope” between a supply shortage and a possible economic recession, with demand already affected by higher prices and deteriorating economic conditions. Rarely has the outlook for oil markets been more uncertain. A worsening macroeconomic outlook …

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• 14 July 2022 4:58 am

  Market Drivers – US Session – Wednesday, July 13

  

  The Bank of Canada hiked its policy interest rate by 100 bps to 2.5% in July, compared to the market expectation for a rate increase of 75 bps. The BOC acknowledged that it had underestimated inflation since the 2021 spring because of global factors. USD/CAD slid to 1.2933, and trades …

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• 14 July 2022 4:17 am

  Why do Thursday’s releases matter?

  

  In the UK, the Royal Institute of Chartered Surveyors will publish its house price balance, also for the month of June. The European data calendar will light with only consumer price data for June due out in Finland, Ireland and Sweden.All eyes on Thursday will focus on the US inflation …

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• 14 July 2022 2:21 am

  Fed’s Mester: CPI doesn’t suggest going smaller than June hike

  

  “I haven’t seen any solid proof that inflation has reached its peak,” said Cleveland Federal Reserve President Loretta Mester said while speaking at the Bloomberg interview.Mester’s comments exert downside pressure on the EUR/USD as it fades the previous day’s corrective pullback while retreating to 1.0050 during the early Asian session …

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• 14 July 2022 1:27 am

  Yield curve most inverted since 2000

  

  The yield on the benchmark 10-year note slid by 0.05 percentage points to 2.91 per cent. The two-year yield has been higher than the 10-year yield since last week. This occurrence is widely known in the market as “an inverted yield curve” and constitutes a closely watched signal of recession …

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• 14 July 2022 12:39 am

  WTI Crude Under Pressure Despite Global Supply Fears

  

  WTI crude oil is under pressure although both OPEC and the IEA issued warnings that the global energy supply crisis could continue for some time during 2022. Oil is struggling to find direction and is running into some supply difficulties during midday trading session. Oil price is up by 0.5% …

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• 13 July 2022 11:50 pm

  Fed’s Beige Book Highlights Rising Inflation Fears

  

  According to the Fed’s Beige Book, released on Wednesday, wages and other prices gains were seen across most of the 12 districts. As for the overall economic outlook; the Fed said that the US economy grew at a modest pace since mid-May but several of the central bank’s regional districts …

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• 13 July 2022 11:15 pm

  Fed’s Barkin: Ups the case to be “resolute” on inflation

  

  Richmond Federal Reserve president Thomas Barkin told Wall Street Journal that he believes headline and core inflation is too high.“I definitely see signs of softening,” Barkin said, with the evidence “most pronounced in lower income households” and in parts of the economy that saw demand surge during the pandemic.Barkin also …

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