Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 15 June 2022 10:01 pm

  Gold expecting significant selloff

  

  Gold is poised for another downside but a short squeeze is not off the table. The Fed at the top of the hour is expected to seal the deal one way or another.As per the pre-open analysis on gold for the week, Gold, Chart of the Week: XAU/USD bulls need …

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• 15 June 2022 9:42 pm

  USD/CHF hovers around 1.0000 as traders eye Fed’s decision

  

  The USD/CHF extends its weekly rally and is up by 1.60%. Risk appetite is back as stocks rally, and safe-haven peers suffer.The USD/CHF clings to parity for the second successive day, trading at 1.0028, recording minimum gains of 0.11%, ahead of the US Fed monetary policy decision. Positive sentiment is …

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• 15 June 2022 9:09 pm

  ECB’s Lagarde: Crises are never the same twice

  

  European Central Bank President Christine Lagarde said on Wednesday that crises are never the same twice and that they must have the courage to act when facts are not clear, as reported by Reuters.“We cannot just be bold, we must be consistent too,” Lagarde added and said that they must …

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• 15 June 2022 8:37 pm

  EUR/USD drops to one-month lows ahead of FOMC statement

  

  The Euro seems under pressure after ECB emergency meeting. Meanwhile, the US dollar’s performance is mixed ahead of the Fed’s decision. FOMC statement will be released at 18:00 GMT.The EUR/USD is falling on Wednesday, trading at daily lows near 1.0380 ahead of the Fed’s decision. The US dollar is posting …

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• 15 June 2022 8:01 pm

  WTI crude falls to weekly lows around $116s, eyeing Fed’s decision

  

  The WTI crude oil recently fell to fresh session lows and is eyeing a test of its 21DMA pre-Fed rate announcement. Commentary about a weak outlook for demand growth and China lockdowns is being cited as a reason for price’s retreat.The American benchmark for sweet light crude oil is looking …

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• 15 June 2022 7:17 pm

  US shares pare losses post-US Retail sales ahead of FOMC’s decision

  

  US stocks are climbing ahead of the Federal Reserve monetary policy decisions, expected to hike 75 bps. The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones.US equities recovered some ground after a string of five days of losses and are gaining between 1.05% and …

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• 15 June 2022 5:45 pm

  US Retail Sales fall by 0.3% MoM in May

  

  Retail Sales in the US fell by 0.3% MoM in May, versus expectations for a 0.2% rise and following a 0.7% MoM gain in April (revised down from 0.9%), data released by the US Census Bureau on Wednesday showed. Meanwhile, Core Retail Sales rose by 0.5% MoM, below the expected …

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• 15 June 2022 5:43 pm

  Oil prices fall as the expected hiking in US

  

  Oil prices fell on Wednesday amid concerns about fuel demand and global economic growth ahead of an expected big hike in interest rates by the Federal Reserve. Brent crude futures fell $1.27, or 1 percent, to $119.90 a barrel by 1001 GMT. The price of US West Texas Intermediate crude …

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• 15 June 2022 5:41 pm

  Gold rises as dollar decline ahead of the Fed decision

  

  Gold prices rose more than 1% on Wednesday, supported by a weak dollar, as investors braced for a possible sharp interest rate hike by the Federal Reserve. Spot gold rose 1.2 percent to $1,829.99 an ounce by 1225 GMT, while US gold futures rose 1.1 percent to $1,832.70. The dollar …

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• 15 June 2022 5:05 pm

  US Retail Sales Drop Sharply, USD Waiting for Fed’s Decision

  

  Nothing is more important than the Fed’s decision today, and it is usual these days for the markets to prevail in a calm state before the decision. Still, there were many moves today, so the US retail and export statistics data may contribute to market volatility. The monthly core retail …

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• 15 June 2022 2:51 pm

  The euro jumps due to an emergency meeting of the ECB

  

  The euro jumped after the European Central Bank’s governing council said it would hold an emergency meeting on Wednesday, June 15 to discuss the recent massive sell-off in government bond markets, briefly distracting traders ahead of the upcoming US Federal Reserve meeting. The single European currency rose by as much …

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• 15 June 2022 2:04 pm

  Europe Stocks Gain as ECB Holds Emergency Meeting

  

  European shares rebounded in early trading on Wednesday after a European Central Bank spokesman said that the rate-setting board of governors would hold a meeting that was not on the agenda to discuss the recent sell-off in government bond markets. An index of euro zone shares advanced 1.3 percent by …

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• 15 June 2022 1:14 pm

  Bitcoin drops to its lowest level in 18 months

  

  Bitcoin slumped on Wednesday to an 18-month low, dragging smaller cryptocurrencies with it, as the recent slide in cryptocurrency markets showed no sign of stopping. Bitcoin fell 6.3% to $2,0715.69, its lowest since December 2020. Bitcoin has lost about 28 percent of its value since Friday, and more than half …

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