Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 27 June 2022 12:17 pm

  Nikkei rises for the third consecutive session, supported by technology stocks

  

  The Japanese Nikkei index rose for the third consecutive session on Monday, boosted by technology heavyweights, after Wall Street rose at the end of last week. The Nikkei closed up 1.43 percent at 2,6871.27 points, after rising as much as 1.7 percent. The broader Topix index jumped 1.12 percent to …

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• 27 June 2022 11:42 am

  The Turkish lira rises 6% against the dollar after restrictions on lending

  

  The Turkish lira jumped 6 percent against the dollar on Monday after Turkey moved to limit lira lending to many companies with more than $1 million in foreign currency cash, the latest move to stem the currency’s slide. The lira jumped to 16.099 against the dollar, after closing on Friday …

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• 27 June 2022 11:05 am

  Oil continues to rise ahead of G7 talks on Russian exports

  

  Oil prices extended gains on Monday as investors awaited any moves against Russian oil and gas exports that might be taken during the Group of Seven leaders meeting in Germany. There is a looming prospect of tighter market supplies as Western governments seek ways to reduce Russia’s ability to finance …

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• 27 June 2022 10:39 am

  Gold rises as G7 intends to ban the import of the metal from Russia

  

  Gold prices rose on Monday as news that some Western countries are planning to formally ban imports of the metal from Russia due to its invasion of Ukraine sparked some interest in gold. And gold rose in spot transactions 0.5 percent to $ 1835.58 an ounce. US gold futures rose …

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• 27 June 2022 5:22 am

  Financial Markets’ Weekly Recap, 20 – 24 June

  

  Federal Reserve Chairman Jerome Powell testified before the Senate Committee on Banking, Housing, and Urban Affairs on “the semiannual monetary policy report to congress” Wednesday. Earlier this month, the Fed hiked rates by 75 basis points, or 0.75 percentage point. “Clearly, today’s 75 basis point increase is an unusually large …

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• 25 June 2022 4:41 am

  Market Drivers – US Session – Friday, June 24

  

  Risk appetite improved during the US session. US shares rallied and closed with robust gains after retreating to bear market levels, meaning losses of 20% or more from all-time-highs. Gold continues for the second consecutive week with losses, down 0.64% despite climbing on Friday. Lower US 10-year T-yields and the …

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• 25 June 2022 2:52 am

  Country By Country Inflation Rate Vs Rate Hikes

  

  Today’s hot inflation could be likened to a speeding vehicle down a hill. In order to slow down, there would be a need to push the brakes. In this case, interest rate hikes are more of brakes in this situation, but some major central banks hit the brakes faster than …

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• 25 June 2022 1:17 am

  Western Allies Face Frustration Over Russia Sanctions

  

  The Western countries aligned against Russia face growing economic pain as sanctions and embargoes show little impact and no change on the Russian stance. US officials vowed that Russia’s financial system would be battered if it attacked Ukraine, and President Biden boasted in March that sanctions were “crushing the Russian …

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• 25 June 2022 12:23 am

  USD/CHF remains negative for whole week

  

  The positive market sentiment discouraged USD/CHF sellers from confirming the double top chart pattern.The USD/CHF pair has fallen for the fifth successive day, though bounced off weekly lows reached during the day near 0.9521, towards the 0.9580s region. The pair is still shy of reclaiming the 0.9600 figure. At 0.9589, …

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• 24 June 2022 11:07 pm

  Fed’s Daly supports another big interest rate hike

  

  “We want to bring inflation down without crippling growth and stalling the labor market”, San Francisco Federal Reserve President Mary Daly, said on Friday. Daly is the latest US central bank monetary policymaker to signal that she is supporting another big increase in interest rates in July in an effort …

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• 24 June 2022 10:12 pm

  Gold Advances to $1826 from weekly lows

  

  Gold continues for the second consecutive week with losses, down 0.64% despite climbing on Friday. Lower US 10-year T-yields and the weaker US dollar account for the latest advance. So far, the Gold Index bounces off weekly lows near $1816, recovering some ground in the week, reclaiming above the $1825 …

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• 24 June 2022 9:31 pm

  AUD/USD touches two-day highs on weaker US dollar

  

  The AUD/USD broke above 0.6920 and jumped to 0.6957 on Friday, reaching the highest level in two days. Stocks are sharply surging and this helps the Australian dollar.Despite recession fears, investors flocked to stocks. US stocks indexes are up by more than 2%, extending weekly gains. Negative economic data did …

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• 24 June 2022 9:02 pm

  US shares benefit from positive sentiment

  

  US shares are surging for the second successive day despite being during the US trading session. The major indices prepare to post solid gains in the week, within 4% to 6% range.The S&P 500 reclaimed the 3,800 mark; around 3,887.19 and is up by 2.74% in the day, while the …

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